TAXWATCH
TaxWatch is a UK charity dedicated to compliance and sound administration of the law in the field of taxation. We are an investigative think tank which conducts forensic research and analysis on tax avoidance, tax policy, and tax law, publishing our research to improve public understanding of tax issues.Through our work we seek to encourage high standards of tax conduct and civic responsibility.
Objects
2.1 THE OBJECTS OF THE CHARITY ARE, FOR THE PUBLIC BENEFIT:2.1.1. TO ADVANCE EDUCATION, IN PARTICULAR IN RELATION TO TAX LAW AND THE OPERATION OF THE TAX SYSTEM;2.1.2. TO PROMOTE THE SOUND ADMINISTRATION OF THE LAW, IN PARTICULAR THE LAW OF TAXATION;2.1.3. TO PROMOTE COMPLIANCE WITH THE LAW, IN PARTICULAR THE LAW OF TAXATION; AND2.1.4. TO PROMOTE CIVIC RESPONSIBILITY AND GOOD CITIZENSHIP BY PROMOTING AND ENCOURAGING HIGH STANDARDS OF BUSINESS CONDUCT, IN PARTICULAR IN RELATION TO COMPLIANCE WITH THE SPIRIT OF THE LAW OF TAXATION.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves of £84,912 exceed the charity's stated policy target of three months of core operational costs. The trustees report a healthy unrestricted funding position, noting that the balance covers over six months of operating costs at year-end.
What the accounts disclose
“No employee earned more than £60,000 during the current or prior period.” — page 19
“The TaxWatch board agreed to adopt a reserves policy for 2024/25 onwards, ensuring that unrestricted funds are maintained sufficient to cover 3 months of payroll and other core operational costs.” — page 8
“Trustee Richard Brooks receives fees for his role as Chair of the charity's Editorial Committee. This amounted to £3,603 in the current year (2024: £3,984).” — page 23
“Trustee Julian Richer is also a trustee of Persula Foundation. During the year, the charity received £155,000 from Persula Foundation” — page 23
“Trustee Richard Brooks receives fees for his role as Chair of the charity's Editorial Committee. This amounted to £3,603 in the current year” — page 23
“Trustee Julian Richer is also a trustee of Persula Foundation. During the year, the charity received £155,000 from Persula Foundation” — page 23
“Trustee Richard Brooks receives fees for his role as Chair of the charity's Editorial Committee. This amounted to £3,603 in the current year” — page 23
Policies the charity declares
- Campaigns and political activity policy and procedures
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Paying staff
- Risk management
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/03/2025
- Volunteers: 4
Self-declared on the annual return for the financial year ending 31/03/2024
- Trustee benefits, answered Yes to: any trustee benefit; payments to trustees for services to the charity
Self-declared on the annual return for the financial year ending 31/03/2023
- Trustee benefits, answered Yes to: any trustee benefit; payments to trustees for services to the charity
Corporate structure
- Registered company of the charity Companies House 11609849
Company officers (Companies House)
- ARENDAR, Ana Caistor on trustee list
- HERRERA, Jennifer Elaine on trustee list
- BROOKS, Richard Philip on trustee list
- MORRISON, Damien Desmond on trustee list
- RICHER, Julian on trustee list
- MORRISON, Damien
Trustees
- JULIAN RICHERchair
- Ana Caistor Arendar
- Damien Morrison
- Jennifer Elaine Herrera
- Richard Brooks
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £190k | £136k |
| 31/03/2024 | £141k | £151k |
| 31/03/2023 | £170k | £181k |
| 31/03/2022 | £226k | £152k |
| 31/03/2021 | £139k | £136k |
Common questions
Is TAXWATCH financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves of £84,912 exceed the charity's stated policy target of three months of core operational costs. The trustees report a healthy unrestricted funding position, noting that the balance covers over six months of operating costs at year-end. Its FY2025 accounts were independently examined.
What does the highest-paid employee of TAXWATCH earn?
Per its FY2025 accounts, the highest-paid employee was in the Under £60,000 band.
Who funds TAXWATCH?
Funders whose own accounts filings name TAXWATCH as a grant recipient include PERSULA FOUNDATION, JOFFE CHARITABLE TRUST CIO.
Shared trustees with funders
- JULIAN RICHER — trustee here and at PERSULA FOUNDATION
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| PERSULA FOUNDATION | FY2024 | £231k | |
| PERSULA FOUNDATION | FY2022 | £115k | Grant Paid |
| JOFFE CHARITABLE TRUST CIO | FY2025 | £40k | Grants to institutions |
| JOFFE CHARITABLE TRUST CIO | FY2024 | £33k | |
| JOFFE CHARITABLE TRUST CIO | FY2023 | £33k | |
| JOFFE CHARITABLE TRUST CIO | FY2022 | £30k | |
| JOFFE CHARITABLE TRUST CIO | FY2021 | £30k | |
| PERSULA FOUNDATION | FY2023 | £20k | |
| PERSULA FOUNDATION | FY2025 | £1k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE CHARLES WOLFSON CHARITABLE TRUST | 1 | £1.0m |
| THE SEQUOIA TRUST | 1 | £500k |
| HUO FAMILY FOUNDATION (UK) LIMITED | 1 | £492k |
| PRISM THE GIFT FUND | 1 | £469k |
| AL Philanthropies | 1 | £255k |
| PAUL HAMLYN FOUNDATION | 1 | £200k |
| THE DAVID AND CLAUDIA HARDING FOUNDATION | 1 | £150k |
| THE J ISAACS CHARITABLE TRUST | 1 | £100k |
Charities like this
- STOPWATCH
- THE CHARTERED INSTITUTE OF TAXATION
- HEALTHWATCH CITY OF LONDON
- NATUREWATCH FOUNDATION
- POLICY EXCHANGE LIMITED
- HEALTHWATCH WAKEFIELD
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| TAXWATCH | £190k | Under £60,000 | 0 | unclear | — | no doubt |
| STOPWATCH | £168k | — | 0 | unclear | — | no doubt |
| THE CHARTERED INSTITUTE OF TAXATION | £12.1m | — | — | unclear | — | no doubt |
| HEALTHWATCH CITY OF LONDON | £98k | — | 0 | below | — | no doubt |
| NATUREWATCH FOUNDATION | £389k | — | 0 | unclear | — | no doubt |
| POLICY EXCHANGE LIMITED | £3.9m | — | — | above | — | no doubt |