Innovate Trust Ltd

Analysis

Innovate Trust Ltd is a registered charity in England and Wales, based in Cardiff. It was registered in April 1992, 34 years ago. Its declared purposes cover education/training, the advancement of health or saving of lives, disability and accommodation/housing, which this site groups under health and saving lives. Legally it is a charitable company (Companies House number 02493904). It says it provides human resources, provides buildings/facilities/open space and provides services.

In the financial year ending March 2025, Innovate Trust Ltd reported income of £33.3m and spending of £33.1m, spending 100% of its income. Across the 5 years on record, from March 2021 to March 2025, income grew from £23.7m to £33.3m (+41%), an average of +8.9% a year. Over the whole period it spent 100% of the income it received.

Among 24,651 England and Wales charities whose main cause is health and saving lives and that reported income, Innovate Trust Ltd sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in England and Wales with reported income it ranks in the 100th percentile. Charities of a similar size with the same main cause include The Soldiers, Sailors, Airmen and Families Association - Forces Help (£33.2m), Congregation of the Brothers of Charity (£34.2m) and Practical Action (£33.1m).

In its latest detailed accounts, income came from charitable activities 100%. Charitable activities took 100% of spending and raising funds 0.0%. Reserves of £1.2m would cover about 0 months of spending at that rate. It employed 967 people.