THE LONDON INSURANCE MARKET CHARITABLE TRUST
The charity provides scholarships to students undertaking tertiary education from the UK and across the world who are seeking a career in the Insurance and Risk Management industries. Currently, these are only available to students at CASS Business School and all applications for scholarships are made direct to CASS.
Objects
3. OBJECTSTHE TRUSTEES SHALL HOLD THE CAPITAL AND INCOME OF THE TRUST FUND UPON TRUST TO PAY OR APPLY THE INCOME, AND ALL OR SUCH PART OR PARTS OF THE CAPITAL, AT SUCH TIME OR TIMES AND IN SUCH MANNER TO, OR FOR THE BENEFIT OF, THE FOLLOWING CHARITABLE PURPOSES:3.1 ADVANCING FOR THE PUBLIC BENEFIT THE ACADEMIC AND/OR VOCATIONAL EDUCATION OF YOUNG PEOPLE IN FINANCIAL NEED IN SUCH WAYS AS THE TRUSTEES THINK FIT, INCLUDING (BUT NOT LIMITED TO) BY FUNDING AND/OR AWARDING SCHOLARSHIPS TENABLE BY PROSPECTIVE OR CURRENT STUDENTS OF THE DEGREE OF MASTER OF SCIENCE IN INSURANCE AND RISK MANAGEMENT AT CITY, UNIVERSITY OF LONDON (OR ANY ACADEMIC OR VOCATIONAL QUALIFICATION AWARDED BY ANY UNIVERSITY, COLLEGE OR INSTITUTION OF HIGHER OR FURTHER EDUCATION IN THE RELATED DISCIPLINES OF INSURANCE AND RISK MANAGEMENT AND/OR ACTUARIAL SCIENCE AS THE TRUSTEES SEE FIT); AND3.2 SUCH CHARITABLE PURPOSES FOR THE PUBLIC BENEFIT IN ANY PART OF THE WORLD AS ARE EXCLUSIVELY CHARITABLE ACCORDING TO THE LAWS OF ENGLAND AND WALES AS THE TRUSTEES MAY IN THEIR DISCRETION THINK FIT.
Financial health, per its FY2025 accounts
The accounts state that the charity holds unrestricted reserves of £147,311, which have been built up from surplus fundraising income. The trustees confirm there is no reserves policy as the charity has minimal outgoings and no staff or premises, and they are confident the charity will continue as a going concern.
What the accounts disclose
“Catherine French, Mike Hammond, Tim Pritchard and Douglas Markey, who are all trustees, attended the Golf Day in the year and each paid the same entry fee as other participants.” — page 12
“The charity also paid £718 to Douglas Markey who hosted a dinner for the GCU students when they visited London.” — page 12
“Catherine French, Mike Hammond, Tim Pritchard and Douglas Markey, who are all trustees, attended the Golf Day in the year and each paid the same entry fee as other participants.” — page 12
“The charity also paid £718 to Douglas Markey who hosted a dinner for the GCU students when they visited London.” — page 12
Policies the charity declares
- Complaints handling
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investment
- 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 31/10/2025
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/10/2024
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/10/2023
- Grant-making is its main activity
Trustees
- Michael Paul Hammondchair
- Douglas Markey
- Richard Dudley
- Tim Pritchard
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2025 | £70k | £64k |
| 31/10/2024 | £66k | £48k |
| 31/10/2023 | £56k | £73k |
| 31/10/2022 | £61k | £34k |
| 31/10/2021 | £77k | £130k |
Common questions
Is THE LONDON INSURANCE MARKET CHARITABLE TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity holds unrestricted reserves of £147,311, which have been built up from surplus fundraising income. The trustees confirm there is no reserves policy as the charity has minimal outgoings and no staff or premises, and they are confident the charity will continue as a going concern. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE PAVIORS' CHARITY | 1 | £235k |
| THE CHRISTOPHER LAING FOUNDATION | 1 | £5k |
Charities like this
- THE CARLTON HOUSE CHARITABLE TRUST
- THE RICE-JONES CHARITABLE TRUST
- LEVERHULME TRADE CHARITIES TRUST
- The London Foundation for Banking & Finance
- HS BARLOW CHARITABLE TRUST
- THE LONDON CONSTRUCTION ACADEMY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE LONDON INSURANCE MARKET CHARITABLE TRUST | £70k | — | 0 | unclear | — | no doubt |
| THE CARLTON HOUSE CHARITABLE TRUST | £41k | — | 0 | unclear | 19.3% | no doubt |
| THE RICE-JONES CHARITABLE TRUST | £104k | — | — | unclear | — | no doubt |
| LEVERHULME TRADE CHARITIES TRUST | £3.1m | — | 0 | above | — | no doubt |
| The London Foundation for Banking & Finance | £587k | — | 0 | above | — | no doubt |
| HS BARLOW CHARITABLE TRUST | £200k | — | — | unclear | — | no doubt |