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INSTITUTE OF CHARITY

Registered charity 222508 · accounts filings on the Charity Commission register · also known as ROSMINIANS · listed website unreachable when last crawled

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Latest income
£1.2m
Latest spending
£786k
Registered
1963
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net surplus of £508,119 for the year ended 31 December 2024, with total unrestricted funds amounting to £2,846,506. The trustees confirm that these unrestricted funds exceed the stated reserves policy target of six months' expenditure, deeming the level of reserves appropriate to meet future commitments and support ageing members. The auditor concluded that there are no material uncertainties related to the charity's ability to continue as a going concern.

What the accounts disclose

Reserves policy: six months' expenditure (held: £2.8m)
“the level of free reserves should be equivalent to at least six months’ expenditure.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The charity received voluntary contributions from Ratcliffe College.
“During the period the Charity received voluntary contributions of £201,679 (year to 31 December 2022 – £244,607) from Ratcliffe College.” — page 50
“During the year ended 31 December 2024, the Charity occupied property owned by Ratcliffe College under an informal agreement rent free.” — page 50
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The charity occupied property owned by Ratcliffe College rent-free.
“During the period the Charity received voluntary contributions of £201,679 (year to 31 December 2022 – £244,607) from Ratcliffe College.” — page 50
“During the year ended 31 December 2024, the Charity occupied property owned by Ratcliffe College under an informal agreement rent free.” — page 50
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by RBK Audit UK Limited. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£1.2m
Total spending
£786k
Cost of raising funds
£39k
Reserves (reported)
£7.4m
Employees
2

Reported reserves equal ~112.3 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Register events

Trustees

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

Operates in: Cardiff · City Of London · Leicestershire · Newport City · Warwickshire

Income and spending

Financial year endIncomeSpending
31/12/2024£1.2m£786k
31/12/2023£883k£885k
31/12/2022£1.5m£1.3m
31/12/2021£804k£712k
31/12/2020£694k£789k

Common questions

Is INSTITUTE OF CHARITY financially healthy?

The accounts state that the charity reported a net surplus of £508,119 for the year ended 31 December 2024, with total unrestricted funds amounting to £2,846,506. The trustees confirm that these unrestricted funds exceed the stated reserves policy target of six months' expenditure, deeming the level of reserves appropriate to meet future commitments and support ageing members. The auditor concluded that there are no material uncertainties related to the charity's ability to continue as a going concern. Its FY2024 accounts were audited by RBK Audit UK Limited.