WORSHIPFUL COMPANY OF INSURERS CHARITABLE TRUST
Education, the relief of poverty and assistance and support for persons who are currently serving or have served in the armed forces of the United Kingdom and their dependents.
Financial health, per its FY2025 accounts
The accounts state that total funds decreased to £3,976,199 from £4,197,629 in the prior year, driven by net expenditure exceeding incoming resources. The unrestricted reserves stood at £34,622, which is below the Trustees' stated target of approximately £40,000. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“At 30 September 2025 the Charity held total funds of £3,976, 199 (2024: £4,197,629) of which £3,941 ,577 (2024: £4,151,593) were restricted and £34,622 (2025: £46,036) were unrestricted. In the General Fund the Trustees aim to meet current and committed expenditure from donation income, whilst maintaining an unrestricted reserves target of approximately £40,000 at all times” — page 5
“The Worshipful Company of Insurers (the ‘Company’) appoints the Trustees of the Worshipful Company of Insurers Charitable Trust. During the year the Company paid staff costs totalling £30,000 (2024: £45,000), grants of £nil (2024: £1,500) and administration costs of £2,400 (2024: £2,400) on behalf of the Charity. The Charity received £nil (2024: £3,600) on behalf of the Company. During the year the Company also received donations in respect of the Charity of £1,150 (2024: £2,048). Balancing repayments to the Company of the net amounts of £36,050 (2024: £46,852) were made by the Charity during the year. At 30 September 2025 £4,800 (2024: £4,800 due to) was due from the Company to the Charity. The Charity received total donations of £3,180 (2024: £3,550) from the Trustees.” — page 22
Funders the charity credits
- WCI Charitable Trust
- WCI
Structured financials (annual return, FY ending 30/09/2024)
Register events
- Received assets from another charity (24/01/2025)
- Received assets from another charity (20/04/2018)
- Received assets from another charity (20/04/2018)
Trustees
- Howard Pearson
- Ian Clark
- Katie Wade
- Kirsty Gray
- Lucy Elizabeth Hodgson Armitage
- STEPHEN LESLIE MCCANN
- Sally Bramall
- Stephen Anthony Ross
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/09/2025 | £351k | £573k |
| 30/09/2024 | £3.3m | £622k |
| 30/09/2023 | £190k | £407k |
| 30/09/2022 | £184k | £427k |
| 30/09/2021 | £285k | £487k |
Common questions
Is WORSHIPFUL COMPANY OF INSURERS CHARITABLE TRUST financially healthy?
Per its FY2025 accounts: The accounts state that total funds decreased to £3,976,199 from £4,197,629 in the prior year, driven by net expenditure exceeding incoming resources. The unrestricted reserves stood at £34,622, which is below the Trustees' stated target of approximately £40,000. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2025 accounts were audited by Kreston Reeves Audit LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| Army Benevolent Fund | 2 | £50k |
| BNA CHARITABLE INCORPORATED ORGANISATION | 1 | £82k |
| LLOYD'S PATRIOTIC FUND | 1 | £65k |
| C E K STERN CHARITABLE TRUST | 1 | £35k |
| EDUCATIONAL OPPORTUNITY FOUNDATION | 1 | £34k |
| ARMED FORCES COVENANT FUND | 1 | £10k |
| THE SUNRISE (SIDMOUTH) CHARITABLE TRUST | 1 | £7k |
| THE ARMY CENTRAL FUND | 1 | £5k |
Charities like this
- ARMED FORCES EDUCATION TRUST
- THE WORSHIPFUL COMPANY OF ENGINEERS CHARITABLE TRUST FUND
- CARE AFTER COMBAT
- ROYAL ARTILLERY CHARITABLE FUND
- ROYAL ENGINEERS VOCATIONAL EDUCATION AND TRAINING TRUST
- THE ROYAL CALEDONIAN EDUCATION TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| WORSHIPFUL COMPANY OF INSURERS CHARITABLE TRUST | £351k | — | 0 | below | — | no doubt |
| ARMED FORCES EDUCATION TRUST | £555k | — | 0 | unclear | — | no doubt |
| THE WORSHIPFUL COMPANY OF ENGINEERS CHARITABLE TRUST FUND | £219k | — | 0 | within | — | no doubt |
| CARE AFTER COMBAT | £973k | — | 0 | unclear | — | no doubt |
| ROYAL ARTILLERY CHARITABLE FUND | £1.8m | — | 0 | above | 0.6% | no doubt |
| ROYAL ENGINEERS VOCATIONAL EDUCATION AND TRAINING TRUST | £730k | — | 0 | above | — | no doubt |