ICAEW FOUNDATION
The Foundation and linked charities(except CACIP which acts as the charities' investment vehicle)provide donations for public benefit in areas of particular interest to the ICAEW,i.e.the advancement of education particularly in accounting and related subjects, provision of a library and information service, funds prizes awarded through ICAEW's exams and funds academic research projects and events.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £349,000, which is within the trustee's stated policy range of £183,000 to £366,000. The charity holds significant pooled investments valued at £20.8 million and reports a net current liability position, though the trustees and auditors confirm adequate resources to continue as a going concern.
What the accounts disclose
“The trustee approved that the level of free reserves should be a minimum of 12 months and a maximum of 24 months of the average total expenditure incurred by the trust over the prior three years. This will allow the trust to continue to meet its ongoing commitments and plan for future expenditure. At 2025 levels this results in a minimum level of £183,000 and a maximum level of £366,000.” — page 9
“ICAEW provides gift aid to support the running of the Library. This amounted to £0.7m for 2025 (2024: £0.7m).” — page 28
“Chartered Accountants’ Library Limited (CALL) is a wholly owned subsidiary trading company of CATER which became dormant at the end of 2018.” — page 4
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2024) to "within" (FY2025).
Structured financials (annual return, FY ending 31/12/2025)
Register events
- Received assets from another charity (28/10/2014)
Trustees
- Andrew Nicholas Ratcliffechair
- Andrew George Wauchope
- CHARTERED ACCOUNTANTS' TRUSTEES LIMITED
- Dr Lore Lippmann
- Michael Edward Hicks
- Nideshnee Dookhee
- Stephen Malcolm Gee
- Talha Witten
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £1.2m | £1.4m |
| 31/12/2024 | £1.1m | £1.2m |
| 31/12/2023 | £1.1m | £1.1m |
| 31/12/2022 | £1.1m | £1.1m |
| 31/12/2021 | £1.0m | £1.1m |
Common questions
Is ICAEW FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £349,000, which is within the trustee's stated policy range of £183,000 to £366,000. The charity holds significant pooled investments valued at £20.8 million and reports a net current liability position, though the trustees and auditors confirm adequate resources to continue as a going concern. Its FY2025 accounts were audited by HaysMac LLP.