INTERNATIONAL HOUSE TRUST LIMITED
Latest income
£17.6m
Latest spending
£17.5m
Registered
1976
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity generated a modest surplus of £81,000 in 2024, with total funds increasing to £8,193,000. The trustees consider the current levels of free reserves and cash to be adequate, citing strong cash flow from advance course fees and a history of generating trading surpluses.
What the accounts disclose
Reserves policy: Planned level of cash and short-term deposits taking account of charitable purposes, operational/financial risks, and future developments (held: £8.2m)
“The Trustees maintain a planned level of cash and short-term deposits, taking account of: The charitable purposes. Operational and financial risks and seasonal fluctuations. Cash which may be needed for future developments.” — page 19
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The document states payments were made to IHWO on normal commercial terms and IHWO made payments to the Trust. It does not explicitly label these as 'related party transactions' in the note header, but Note 10 details the shareholding and transactions. However, Note 6 explicitly addresses trustees. Note 10 details IHWO. I will include IHWO as a related party transaction as it is a connected entity with disclosed transactions.
“During the year the Trust made payments to IHWO of £20,729 (2023: £26,164) on normal commercial terms. Payments of £469 (2023: £Nil) were made by IHWO to the Trust.” — page 43
Per its FY2024 accounts as filed with the Charity Commission.
Leadership, per the charity’s website
- Mark Rendell — CEO
- Natasha Traynor — Commercial Director
- Caroline Turner — Director of Operations
- Jason White — Director of Examinations
- Arif Kaji — Director of Finance
Structured financials (annual return, FY ending 31/12/2024)
Total income
£17.6m
Total spending
£17.5m
Reserves (reported)
£8.2m
Employees
445
Trustees
- Phillip Mark Huggonchair
- Benjamin James Beaumont
- Christian Staral
- Christopher Graham
- Gareth Hughes
- Isabel DiVanna
- Maria Isabella la Forgia
- Samantha Louise Grainger
- Tomasz Adam Mazgaj
- Vincenzo Raimo
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £17.6m | £17.5m |
| 31/12/2023 | £17.0m | £16.1m |
| 31/12/2022 | £13.2m | £12.9m |
| 31/12/2021 | £8.9m | £10.3m |
| 31/12/2020 | £9.1m | £11.0m |
Common questions
Is INTERNATIONAL HOUSE TRUST LIMITED financially healthy?
The accounts state that the charity generated a modest surplus of £81,000 in 2024, with total funds increasing to £8,193,000. The trustees consider the current levels of free reserves and cash to be adequate, citing strong cash flow from advance course fees and a history of generating trading surpluses. Its FY2024 accounts were audited by HaysMac LLP.