Finance Score: 0

Governance Score: 8

Support Score: 0

12+ Trustees: -1
Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

No supporters identified

Overall GiG Score: 8

THE INSURANCE CHARITIES

The Charity's activities are to provide financial assistance towards the education and training and relief of need, hardship, sickness, disability, old age or distress of persons who are now or have been engaged in any aspect of the insurance industry and of children, spouses, partners, former spouses or partners and other relatives or dependants of such persons.

Analysis by Giving is Great

Positives:

This charity has an endowment fund which generates most of its income
The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

There are 13 trustees whereas the Charities Commission recommends a maximum of 12

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
31/03/23	£1,127	£1,768	£-641	£165	£36,029	£33,067	224.4	7	50
31/03/22	£1,045	£1,126	£-81	£135	£38,833	£35,417	377.4	7	87
31/03/21	£1,109	£1,265	£-156	£134	£38,833	£35,417	336	6	65
31/03/20	£1,400	£2,206	£-806	£129	£32,738	£29,758	161.9	6	93
31/03/19	£1,503	£2,023	£-520	£152	£37,998	£34,111	202.3	6	60
31/03/18	£1,287	£1,569	£-282	£162	£36,697	£32,958	252.1	6	0
31/03/17	£1,375	£1,519	£-144	£147	£36,835	£33,503	264.7	6	0
31/03/16	£3,829	£1,532	£2,297	£133	£33,021	£29,899	234.2	6	0
31/03/15	£1,225	£1,341	£-116	£213	£32,669	£31,896	285.4	5	0
31/03/14	£1,259	£1,599	£-340	£133	£31,250	£23,016	172.7	5	0
31/03/13	£1,311	£1,495	£-184	£142	£30,177	£29,500	236.8	5	0
31/03/12	£1,220	£1,094	£126	£148	£26,695	£26,695	292.8	5	0
31/03/11	£1,579	£1,004	£575	£144	£26,690	£26,690	319	5	0
31/03/10	£1,123	£1,082	£41	£178	£24,761	£24,761	274.6	5	0
31/03/09	£1,581	£1,386	£195	£177	£19,072	£19,072	165.1	3	0
31/03/08	£1,369	£1,147	£222	£95	£23,970	£23,970	250.8	3	0
31/03/07	£1,217	£1,162	£55	£102	£25,987	£25,987	268.4	4	0
31/03/06	£1,164	£1,242	£-78	£0	£0	£0	n/a	0	0
31/03/05	£1,156	£953	£203	£0	£0	£0	n/a	0	0
31/03/04	£503	£501	£2	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Senior Staff Costs/Total Spending: 6%
Highest pay band: £90,000-£100,000
Liabilities/Assets: 2%
Liabilities/Income: 50%
Unrestricted Funds/Total Funds: 92%
Reserves/Spending: 224.4 months
Net Current Assets/Spending: -2 months
Quick Ratio: 0.3

Asset Split ?

Established: 62 years
(122 years as a company)

www.theinsurancecharities.org.uk

info@theinsurancecharities.org.uk

02076063763

Charity Commission for England and Wales

Tweets

Listed activities

General Charitable Purposes
The Prevention Or Relief Of Poverty

GiG Classification

Financial or material assistance

How it operates

Makes Grants to Individuals
Provides advocacy/advice/information

Where it operates

Ireland, Isle Of Man, Northern Ireland, Scotland, Throughout England And Wales,

Who it helps

Children/Young People
Elderly/Old People
People With Disabilities

Who supports them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (13)

Current Trustees appointed

Gender Split

Age Range of Trustees: 34-61

ALEXANDRA HUGHES Appointed: 2021, Occupation: Financial Services

ALLAN JAMES CLARE Appointed: 2020, Occupation: Compliance Manager

ANTONY JOHN GREENSWEIG Appointed: 2021, Occupation: Chartered Insurer

CAROLINE DUNGAR Appointed: 2022, Occupation: Hr Director

DEBORAH JAYNE BULLOCK Appointed: 2022, Occupation: Wellbeing Lead

ELIZABETH SUSANNAH WILLIAMS Appointed: 2020, Occupation: Accountant

GEORGE WILLIAM GAGER Appointed: 2019, Occupation: Insurer

JOSHUA LUTZ BREKENFELD (Chair) Appointed: 2019, Occupation: Lawyer

LISA BARTLETT Appointed: 2021, Occupation: President

MARY BOWIE Appointed: 2022, Occupation: Solicitor, Other trusteeship: WAKAM FOR GOOD UK,

MICHAEL JOSEPH GAUGHAN Appointed: 2021, Occupation: Non Executive Director

PAUL JOHN HOWARD Appointed: 2022, Occupation: Insurance Official

PAUL BUCKLE Appointed: 2021, Occupation: Director

Legal constitution

Charitable company registered in England & Wales on 22/09/1962, number: 206860
Registered at Companies House on 25/07/1902, number: 00074461

Gift Aid

Registered with HMRC for Gift Aid

Event History

Linked charity: JAMES MCROBERT FUND
Linked charity: RICHARD T JONES ENDOWMEND FUND
05/12/2012 - Asset transfer in from PEARL OFFICE BENEVOLENT TRUST FUND
10/04/2015 - Asset transfer in from THE CHARTERED INSTITUTE OF LOSS ADJUSTERS' BENEVOLENT FUND
26/06/2015 - Asset transfer in from THE PAUL GOLMICK FUND

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

20 returns made; all on time

Main office

3rd Floor 2 St. Andrew's Hill
LONDON
EC4V 5BY

Objectives

TO PROVIDE FINANCIAL ASSISTANCE TOWARDS THE EDUCATION AND TRAINING AND RELIEF OF NEED, HARDSHIP, SICKNESS, DISABILITY, OLD AGE OR DISTRESS OF PERSONS WHO ARE NOW OR HAVE BEEN ENGAGED IN ANY ASPECT OF THE INSURANCE INDUSTRY AND OF CHILDREN, SPOUSES, PARTNERS, FORMER SPOUSES OR PARTNERS AND OTHER RELATIVES OR DEPENDANTS OF SUCH PERSONS.

Defined Area of Benefit:

NOT DEFINED.

Data Sources