Charity Accounts Intelreading the accounts so you don’t have to

CITB

Registered charity 264289 · accounts filings on the Charity Commission register · also known as C I T B, CITB-CONSTRUCTIONSKILLS, CONSTRUCTION INDUSTRY TRAINING BOARD, CONSTRUCTIONSKILLS · also registered in Scotland as SC044875 (OSCR)

Latest income
£280.2m
Latest spending
£298.8m
Registered
1972
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that CITB ended the 2024-25 financial year with unrestricted reserves of £78.9m, a decrease from £95.2m in the previous year, driven by increased grant and funding expenditure. The charity reported a net deficit of £18.6m for the period but maintains that its reserves remain above its stated policy floor of £50m. The Comptroller and Auditor General issued an unqualified opinion, confirming that income and expenditure were applied to purposes intended by Parliament.

What the accounts disclose

Accounts audited by National Audit Office.

Leadership, per the charity’s website

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£280.2m
Total spending
£298.8m
Cost of raising funds
£2.7m
Reserves (reported)
£78.9m
Employees
861

Reported reserves equal ~3.2 months of spending — above the median for charities its size (median 2.7 months; benchmarks).

Trustees

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

Operates in: Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/03/2025£280.2m£298.8m
31/03/2024£257.8m£268.0m
31/03/2023£204.3m£196.4m
31/03/2022£148.5m£175.0m
31/03/2021£254.2m£188.4m

Common questions

Is CITB financially healthy?

The accounts state that CITB ended the 2024-25 financial year with unrestricted reserves of £78.9m, a decrease from £95.2m in the previous year, driven by increased grant and funding expenditure. The charity reported a net deficit of £18.6m for the period but maintains that its reserves remain above its stated policy floor of £50m. The Comptroller and Auditor General issued an unqualified opinion, confirming that income and expenditure were applied to purposes intended by Parliament. Its FY2025 accounts were audited by National Audit Office.

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
THE PERSIMMON CHARITABLE FOUNDATION1£50k
HQR LONDON CHARITABLE FOUNDATION1£43k
THE CHURCHILL FOUNDATION1£2k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with Construction Workers’ Charitable Trust.