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INSTITUTE OF EXPORT AND INTERNATIONAL TRADE (THE)

Registered charity 266395 · accounts filings on the Charity Commission register · also known as IOE, THE INSTITUTE OF EXPORT

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Latest income
£7.8m
Latest spending
£7.9m
Registered
1976
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity ceased trading and transferred all assets and liabilities to a new entity on 1 July 2024, resulting in a net transfer of £23,694,105. The remaining unrestricted funds of £1,286,873 are held in cash and will be transferred before the entity is wound up. The auditor's report highlights that the financial statements were prepared on a basis other than going concern due to this transfer.

What the accounts disclose

Going concern: noted by the trustees or auditor
“Therefore, the Trustees do not consider it appropriate to adopt the going concern basis of accounting in preparing these financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern as described in note 2.2.” — page 7
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustees purchased membership at normal published rates.
“During the year, some of the Trustee Directors purchased membership to The Institute of Export and International Trade at normal published rates.” — page 34
“During the year, 10 (2023 - 9) Trustees were reimbursed travelling and subsistence expenses during the execution of Trustees' responsibilities totalling £30,039 (2023 - £33,075).” — page 27
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustees reimbursed for travel and subsistence expenses.
“During the year, some of the Trustee Directors purchased membership to The Institute of Export and International Trade at normal published rates.” — page 34
“During the year, 10 (2023 - 9) Trustees were reimbursed travelling and subsistence expenses during the execution of Trustees' responsibilities totalling £30,039 (2023 - £33,075).” — page 27
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Director General reimbursed for travel and subsistence.
“During the year, some of the Trustee Directors purchased membership to The Institute of Export and International Trade at normal published rates.” — page 34
“During the year, 10 (2023 - 9) Trustees were reimbursed travelling and subsistence expenses during the execution of Trustees' responsibilities totalling £30,039 (2023 - £33,075).” — page 27
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by MHA. Discloses 3 of 6 completeness components.

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

Total income
£7.8m
Total spending
£7.9m
Cost of raising funds
£122k
Reserves (reported)
£1.3m
Employees
166

Reported reserves equal ~1.9 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Northern Ireland · Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£7.8m£7.9m
31/12/2023£15.7m£15.3m
31/12/2022£16.4m£11.6m
31/12/2021£20.3m£10.3m
31/12/2020£12.8m£5.4m

Common questions

Is INSTITUTE OF EXPORT AND INTERNATIONAL TRADE (THE) financially healthy?

The accounts state that the charity ceased trading and transferred all assets and liabilities to a new entity on 1 July 2024, resulting in a net transfer of £23,694,105. The remaining unrestricted funds of £1,286,873 are held in cash and will be transferred before the entity is wound up. The auditor's report highlights that the financial statements were prepared on a basis other than going concern due to this transfer. Its FY2024 accounts were audited by MHA.