INSTITUTE OF HOSPITALITY
Financial health, per its FY2024 accounts
The accounts state that the Institute of Hospitality ended 2024 in a stable financial position with unrestricted reserves of £392,169, which the Trustees consider strong. The charity reported a small net surplus of £3,502 for the year, driven by a significant actuarial gain on its defined benefit pension scheme, despite total expenditure exceeding income from charitable activities. The Trustees confirmed adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“It is the stated intention of the Trustees to hold unrestricted liquid reserves against unexpected increases in running costs, and that reserves equivalent to at least three months' running costs but no more than six months' running costs be held in liquid reserves.” — page 22
“There were no related party transactions for the year ended 31 December 2024.” — page 48
Leadership, per the charity’s website
- Joanne Smith — Head of Operations
- Aymen Fetouak — Head of Professional Development
- Kim Bailey — Head of Marketing & PR
- Leon Williams — Head of Finance
- Isabel Hargreaves — Head of Membership & Commercial
- Rosalyn Berry — Membership and Regional Officer
- Maria Lockwood — Accreditation and Endorsement Manager
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Brenda Collin
- Dr Belinda Nwosu
- Elizabeth Mary Berkeley
- Katariina Reissaar
- Marissa Jayamanne
- Mark Ashton
- Martin John Devereux Traynor
- Michael Clitheroe
- Peter Avis
- Rory Slater
- Vandana Dass
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.3m | £1.4m |
| 31/12/2023 | £1.2m | £1.2m |
| 31/12/2022 | £1.1m | £1.0m |
| 31/12/2021 | £922k | £716k |
| 31/12/2020 | £898k | £769k |
Common questions
Is INSTITUTE OF HOSPITALITY financially healthy?
The accounts state that the Institute of Hospitality ended 2024 in a stable financial position with unrestricted reserves of £392,169, which the Trustees consider strong. The charity reported a small net surplus of £3,502 for the year, driven by a significant actuarial gain on its defined benefit pension scheme, despite total expenditure exceeding income from charitable activities. The Trustees confirmed adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were audited by Mark J Rees LLP.
Who funds INSTITUTE OF HOSPITALITY?
Funders whose own accounts filings name INSTITUTE OF HOSPITALITY as a grant recipient include THE SAVOY EDUCATIONAL TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE SAVOY EDUCATIONAL TRUST | FY2024 | £30k |
| THE SAVOY EDUCATIONAL TRUST | FY2024 | £10k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE BURDETT TRUST FOR NURSING | 1 | £146k |
| REES JEFFREYS ROAD FUND | 1 | £40k |
| THE NUTRITIONAL WELLBEING FOUNDATION | 1 | £40k |
| THE AIM FOUNDATION | 1 | £30k |
| THE KPMG FOUNDATION | 1 | £25k |
| THE NEVILLE ABRAHAM FOUNDATION | 1 | £18k |
| WSH FOUNDATION | 1 | £7k |
| Royal Warrant Holders' Charity | 1 | £3k |