International Well Control Forum
Latest income
£4.7m
Latest spending
£4.7m
Accounts read
FY2025
Form
SCIO (Scottish Charitable Incorporated Organisation)
Financial health, per FY2025 accounts
The accounts state that the Group generated income of £4,383,542 in 2024, which was 11% lower than the previous year, while total expenditure was £4,336,329. The Group holds unrestricted free reserves of £5,486,178, which exceeds the stated policy target of 24 months' business-as-usual costs plus a 25% contingency. The Charity relies primarily on donations from its trading subsidiary, IWCF Operations Limited, for its income.
What the accounts disclose
Highest-paid employee band: £210,001 - £220,000
“In the band £210,000-£220,000 1 -” — page 42
Per FY2025 accounts as filed with OSCR.
Payments to trustees: One Trustee, Jamie Wilson, received remuneration in the year totalling £39,999.
“One Trustee, Jamie Wilson, received remuneration in the year totalling £39,999. This payment was made on the basis of responsibilities relating to his role as an Independent Trustee of International Well Control Forum, as defined in and authorised by the Charity's constitution.” — page 42
Per FY2025 accounts as filed with OSCR.
Employees paid over £60,000: 4
“In the band £60,000-£70,000 1 1 In the band £70,000-£80,000 1 1 In the band £80,000-£90,000 1 1 In the band £210,000-£220,000 1 -”
Per FY2025 accounts as filed with OSCR.
Reserves policy: 24 months business as usual costs plus a 25% contingency (held: £5.5m)
“The policy is reviewed annually in line with the budget cycle and, for the Charity, is set as 24 months business as usual costs plus a 25% contingency.” — page 14
Per FY2025 accounts as filed with OSCR.
Largest income source: none
“Income from other trading activities includes income earned from trading activities to raise funds for the Charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.” — page 35
Per FY2025 accounts as filed with OSCR.
Independent examiner: French Duncan LLP trading as AAB
Per FY2025 accounts as filed with OSCR.