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WORSHIPFUL COMPANY OF INSURERS CHARITABLE TRUST

Registered charity 1175425 · accounts filings on the Charity Commission register

Latest income
£351k
Latest spending
£573k
Registered
2017
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that total funds increased to £4,197,629, driven by a significant transfer of assets from the EATT fund and investment gains. The Trustees maintain an unrestricted reserves target of approximately £40,000, holding £46,036 at year-end, while restricted funds stand at £4,151,593. The auditors confirmed the appropriateness of the going concern basis with no material uncertainties identified.

What the accounts disclose

Reserves policy: approximately £40,000 (held: £46k)
“maintaining an unrestricted reserves target of approximately £40,000 at all times”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Worshipful Company of Insurers paid staff costs, grants, and admin costs on behalf of the Charity.
“During the period the Company paid staff costs totalling £45,000 (2023: £24,000), grants of £1,500 (2023: £2,300) and administration costs of £2,400 (2023: £2,400) on behalf of the Charity.” — page 22
“The Charity received total donations of £3,550 (2023: £3,310) from the Trustees.” — page 22
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Charity received donations from Trustees.
“During the period the Company paid staff costs totalling £45,000 (2023: £24,000), grants of £1,500 (2023: £2,300) and administration costs of £2,400 (2023: £2,400) on behalf of the Charity.” — page 22
“The Charity received total donations of £3,550 (2023: £3,310) from the Trustees.” — page 22
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Kreston Reeves LLP.

Funders the charity credits

Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).

Structured financials (annual return, FY ending 30/09/2024)

Total income
£3.3m
Total spending
£622k
Cost of raising funds
£7k
Reserves (reported)
£4.2m
Employees
0

Reported reserves equal ~81.0 months of spending — in the top quarter for charities its size (median 7.0 months; benchmarks).

Register events

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
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?

The accounts state that total funds increased to £4,197,629, driven by a significant transfer of assets from the EATT fund and investment gains. The Trustees maintain an unrestricted reserves target of approximately £40,000, holding £46,036 at year-end, while restricted funds stand at £4,151,593. The auditors confirmed the appropriateness of the going concern basis with no material uncertainties identified. Its FY2024 accounts were audited by Kreston Reeves LLP.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
Lloyd's of London Foundation1£200k
C E K STERN CHARITABLE TRUST1£35k
EDUCATIONAL OPPORTUNITY FOUNDATION1£28k
Army Benevolent Fund1£20k
THE ARMY CENTRAL FUND1£5k
THE SUNRISE (SIDMOUTH) CHARITABLE TRUST1£4k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with ARMED FORCES EDUCATION TRUST.