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.
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
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.