LONDON CHAMBER OF COMMERCE AND INDUSTRY COMMERCIAL EDUCATION TRUST
Financial health, per its FY2025 accounts
The accounts state that the charity holds unrestricted reserves of £7,867,853, which significantly exceeds its stated minimum reserves requirement of £190,000. The trustees consider these reserves sufficient for continuing activities, and the auditor confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“Under a service agreement with the Trust, which is reviewed regularly, the Chamber charged the Trust £16,999 (£17,671 including the Trust’s membership subscription) (2024 - £16,700 (£17,341 including the Trust’s membership subscription)) during the year for the provision of its services relating to accounting and administration, rent, room hire and registered office.” — page 32
“A donation of £31,286 was received by DOS & Co., raised through a crowdfunding initiative led by Darragh O’Sullivan, Chair of the CET Trust Board, who is also a Director at DOS & Co.” — page 32
“Under a service agreement with the Trust, which is reviewed regularly, the Chamber charged the Trust £16,999 (£17,671 including the Trust’s membership subscription) (2024 - £16,700 (£17,341 including the Trust’s membership subscription)) during the year for the provision of its services relating to accounting and administration, rent, room hire and registered office.” — page 32
“A donation of £31,286 was received by DOS & Co., raised through a crowdfunding initiative led by Darragh O’Sullivan, Chair of the CET Trust Board, who is also a Director at DOS & Co.” — page 32
Trustees
- Anne O'Hagan
- Daniel Michael Cleveland
- Darragh O'Sullivan
- Jonathan Fingerhut
- Nigel Charles Standing
- Richard James Douglas Moir
- Susanna Elizabeth Horn Kalitowski
- nicholas rupert martel
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/09/2025 | £246k | £330k |
| 30/09/2024 | £210k | £309k |
| 30/09/2023 | £179k | £230k |
| 30/09/2022 | £147k | £193k |
| 30/09/2021 | £165k | £328k |
Common questions
Is LONDON CHAMBER OF COMMERCE AND INDUSTRY COMMERCIAL EDUCATION TRUST financially healthy?
The accounts state that the charity holds unrestricted reserves of £7,867,853, which significantly exceeds its stated minimum reserves requirement of £190,000. The trustees consider these reserves sufficient for continuing activities, and the auditor confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by AC Mole LLP.