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home >> charity search >> the chartered institute of taxation
Finance Score: 3
Governance Score: 5
Support Score: 4
  • Fundraising costs low: +3
  • 12+ Trustees: -1
  • Dynamic board: +3
  • Gender balanced board: +3
  • Gov Income
  • Grant maker support: +4
Overall GiG Score: 12 ?

THE CHARTERED INSTITUTE OF TAXATION 

As an educational charity, we work to improve the administration and practice of taxation to the benefit of all affected by it: protecting the public by monitoring Chartered Tax Advisers' compliance with regulations; setting and administering tax examinations; advising government on proposed and enacted tax legislation; giving general tax education on websites; and making grants for tax research.
Analysis by Giving is Great

Positives:

  • The charity has received Government grants
  • There have been no material income shortfalls in recent years
  • Fundraising costs are unusually low relative to funds raised
  • The Board appears to be well diversified in terms of gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

  • This charity is not recognised by HMRC for Gift Aid according to its latest published return
  • There are 20 trustees whereas the Charities Commission recommends a maximum of 12
miles

Financial Data ?

Income & Spending ?
Sources of Income ?
Y/E Income
£k		 Spending
£k		 Surplus/
Deficit		 Fundraising
Cost £k		 Total
Funds £k		 Unrestricted
Funds £k		 Mths
Rsrvs		 Staff Volun-
teers
31/12/22£9,882£9,081£801£0£8,812£8,81211.685700
31/12/21£9,818£8,284£1,535£0£8,080£8,08011.781750
31/12/20£8,299£7,676£624£0£6,375£6,3751083760
31/12/19£8,839£9,697£-858£0£5,693£5,693785700
31/12/18£8,122£8,127£-5£0£6,312£6,3129.385740
31/12/17£7,891£7,787£104£0£6,844£6,84410.5860
31/12/16£7,541£7,583£-42£0£6,568£6,51710.3800
31/12/15£7,492£7,422£69£654£6,514£6,39610.3800
31/12/14*£7,262£6,964£298£882£6,485£6,39311730
31/12/13£6,811£6,448£363£490£5,957£5,87310.9700
31/12/12£6,415£5,928£487£502£5,340£5,29910.7600
31/12/11£6,005£5,770£235£534£4,713£4,6579.7560
31/12/10£5,756£5,700£56£434£4,576£4,5769.6580
31/12/09£5,656£5,975£-319£373£4,356£4,3568.7600
31/12/08£5,214£5,117£97£370£4,353£4,35310.2580
31/12/07£4,712£4,809£-97£338£4,720£4,72011.8540
31/12/06£4,522£4,089£432£0£0£0n/a00
31/12/05£4,143£3,873£270£0£0£0n/a00
31/12/04£3,888£3,265£623£0£0£0n/a00
Show more rows -->

Download accounts
Financial Ratios
Fundraising Costs/Relevant Income: 0.2%
Fundraising Costs/Total Spending: 0.2%
Senior Staff Costs/Total Spending: 35%
Highest pay band: £150,000-£200,000
Liabilities/Assets: 31%
Liabilities/Income: 41%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 11.6 months
Net Current Assets/Spending: 5 months
Quick Ratio: 1.5
Asset Split ?
Established: 30 years

www.tax.org.uk

post@ciot.org.uk

02073400550

Charity Commission for England and Wales
UN SDGs
?
Listed activities
  • Education/Training
  • Other Charitable Purposes
GiG Classification
  • Technical, vocational and continuing education
How it operates
  • Acts as an umbrella or resource body
  • Makes Grants to Individuals
  • Makes Grants to Organisations
  • Provides advocacy/advice/information
  • Provides human resources
  • Provides services
  • Sponsors or undertakes research
Where it operates
  • Northern Ireland, Scotland, Throughout England And Wales,
Who it helps
  • Children/Young People
  • Elderly/Old People
  • Other Charities Or Voluntary Bodies
  • Other Defined Groups
  • People With Disabilities
  • The General Public/Mankind
Who works here?
  • 85 employees
  • 700 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations
Amount When
Months		 To be used for
National Lottery Community Fund - Mixenden advice project
£9,856 21/04/2023
The funding will be used to continue to deliver a community drop-in advice centre for a further six months increasing capacity from one day per week to two days to better meet the increasing demand. ....more

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (20)
Current Trustees appointed
Gender Split
Based on 19/20 persons

Legal constitution
  • Charity registered in England & Wales on 19/05/1994, number: 1037771
Gift Aid
  • NOT registered with HMRC for Gift Aid
Policies in force
  • Complaints handling
  • Conflicting interests
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding vulnerable beneficiaries
  • Volunteer management
Filing Record
19 returns made; AR14: 10 days late,
Main office

Chartered Institute of Taxation
30-33 Monck Street
LONDON
SW1P 2AP

Objectives

(1) TO ADVANCE PUBLIC EDUCATION IN AND THE PROMOTION OF THE STUDY OF THE ADMINISTRATION AND PRACTICE OF TAXATION AND THE PRINCIPLES OF ECONOMIC AND POLITICAL SCIENCE IN RELATION TO TAXATION;(2) (I) TO PREVENT CRIME AND(II) TO PROMOTE THE SOUND ADMINISTRATION OF THE LAW FOR THE PUBLIC BENEFITBY PROMOTING AND ENFORCING STANDARDS OF PROFESSIONAL CONDUCT AMONGST THOSE ENGAGED IN THE PROVISION AND OF ADVICE AND SERVICES IN RELATION TO TAXATION AND MONITORING AND SUPERVISING THEIR COMPLIANCE WITH MONEY LAUNDERING LEGISLATION.

Defined Area of Benefit:

NOT DEFINED

Data Sources

Charity Commission for England and Wales
360 Giving
CharityBase
Authorised officials of this charity can add information to this page (including a Donate Now button) for no cost

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