Question 1

What is the mission of THE INSURANCE CHARITIES?

Accepted Answer

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.

Question 2

What is the financial size of THE INSURANCE CHARITIES?

Accepted Answer

THE INSURANCE CHARITIES is classified as a medium charity. In the latest financial year, they reported a total income of £959,000 and total expenditure of £2,012,000.

Question 3

How does THE INSURANCE CHARITIES allocate its spending?

Accepted Answer

For every pound spent, approximately 84.2% goes directly to charitable activities. The remaining 15.8% is spent on raising funds and administration. This is lower than the median for similar-sized charities (99.0%).

Question 4

What is the workforce structure of THE INSURANCE CHARITIES?

Accepted Answer

THE INSURANCE CHARITIES employs 8 staff members and is supported by 40 volunteers.

Question 5

Does THE INSURANCE CHARITIES receive government funding?

Accepted Answer

To a small extent. Approximately 0.0% of their income comes from government grants or contracts.

Question 6

Does THE INSURANCE CHARITIES pay its trustees?

Accepted Answer

No, the latest data indicates that trustees do not receive payments or personal benefits from the charity.

THE INSURANCE CHARITIES

Latest HighlightsFY 2025

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