Worshipful Company of Actuaries Charity
We are proud to maintain the venerable Livery tradition of helping those who are less fortunate, with our own actuarial twist on improving education, particularly in the area of mathematics.
The Charity - Overview
- Our principal sources of funding are donations and legacies from our members. These are held in The Worshipful Company of Actuaries Charity (WCAC, the Charity - Charity Number 1199721).
- The latest report and accounts, of the Charity, can be found here
- Key highlights:
- Income from member contributions amounted to £126,680 including reclaimed gift aid. The Trustees are very grateful to all those who have supported the charity during the year.
- Donations to causes totalled £176,540.
| Split of Donations during 2024/5 by Category | |
| Maths-related projects | £93,120 |
| Actuary Involved [1] | £18,800 |
| City of London | £35,820 |
| Prizes and Bursaries | £28,800 |
[1] A charity where an Actuary, who may or may not be a member of the WCA, is a Trustee with a significant involvement.
Charities we support
Like all charities, the WCAC is asked to support more causes than our funds allow.
The Trustees are able to support a range of causes including actuaries in need, educational establishments and registered charities with the Trustees prioritising donations to:
- Charities or educational establishments supporting maths education, in particular those where there is a focus on allowing Pupil Premium students to get the grades they need to excel at GCSE and A-Level, which in turn means these students have the options to take maths or STEM subjects at University.
- Charities where an Actuary has significant involvement: this allows the WCAC to support actuaries doing good work in their community with grants to support their cause.
- Projects associated with the City of London, often in conjunction with other Livery Companies, elevating the impact the WCA has in the City.
- Prizes for Students on UK University courses covering the IFOA Exams.
Application Form for Grants
Click on this link for information on how to apply and the form, which should be completed and returned to: charity.sec@actuariescompany.co.uk
Click here for a pdf version of the application form
Click here for a downloadable word version of the application form
The Charity Trustees and Officers
Trustees: Jenni Stott (Chair), Laura Andrikopoulos, Jill Ampleford, Chris Bamford, Andy Cherkas, Holly Copley, Irene Paterson, and Richard Olswang, all of whom are Liverymen of the Company.
Honorary Treasurer: Jerry Staffurth.
Honorary Secretary: Nyasha Stolerman.
Read more about the causes your charity supports
Personal Stories: Some of the Charities we support, brought to you by the Trustees.
U Maths event at the Houses of Parliament.
U Maths Schools11 universities (with 2 more planned) have set up full-time 6th-form schools focused on maths, physics and computer science with the aim of getting talented, disadvantaged pupils high A-level grades and into top maths-oriented degree programmes. ‘My recent maths school visit found it brimming with energy and enthusiasm – and smiles. WCAC funds support various, focused developmental programmes’ Andy Cherkas |
Undergraduate PrizesWe award prizes to undergraduates for outstanding performance in their penultimate year of study for a degree in actuarial science at a UK university. This is normally presented by one of the Trustees of the WCA Charity at an event organised at the university. |
Suited and BootedThis London based charity based helps vulnerable, unemployed and low-income men into employment by providing interview clothing and interview advice. One of our Livery members and an ex-Trustee has been very active in supporting and guiding this charity. ‘Their premises are packed full with racks of suits and more donated by well known clothing firms. The volunteers I met on site donate their time and expertise to fit their clients. A hive of activity. Andy Cherkas |
The Phiatus Annual AwardThis award, which was made in December 2025 to Liveryman Charles Cowling and a Charity with which he is heavily involved, Manna House. Based in the South Lake District, Manna House helps individuals in the community who are homeless, vulnerably housed, lonely or needing help with advice, advocacy and a drop-in support centre. |
Royal InstitutionThis organisation runs ‘master classes’ helping less privileged age 10/11 primary students get a taste of extra curriculum stem topics to help extend further their interest in maths and STEM more widely. I recently saw one of these classes in action. Led by three very capable lower 6th pupils, 20 local 10/11 year olds benefitted from the extension to their maths experience. ‘Everyone got something out of the session; the energy in the room was amazing.' Jenni Stott |
Tuberous Sclerosis AssociationTuberous sclerosis is a genetic condition leading to growth in organs; most commonly affected are the brain, eyes, heart, kidney, skin and lungs. ‘An actuary who volunteers with the TSA asked WCAC for support, and we have been delighted to provide funding for 3 years.’ Jenni Stott |
The Himalayan Trust UKThe Himalayan Trust UK is committed to advancing education and public health provision in the Taplejung District of Nepal. ‘Actuary and Liveryman Robert Ross is actively involved in the charity and asked for support from the WCA, and we are delighted to be able to provide funding’ Richard Olswang |
How we organise ourselves
The Charity exists independently of the WCA but is run in close collaboration. WCAC is registered with the Charity Commission.
All the Trustees are Liverymen and donations come from members of the WCA. The Master, Senior Warden and Clerk attend Trustee meetings.
The Trustees meet quarterly, with ad hoc meetings between times if needed, and the Chair reports to Court quarterly.
Appointments to the Charity are managed by the WCA Appointments Committee.
Your personal level of donation is confidential; only a limited number of trusted WCAC and WCA officers are able to access the data for administrative and analysis purposes. Neither the Master nor Chair of Trustees is privy to this data. More broadly, charity data is only used in a way that members would expect, aligned to GDPR requirements.
THANK YOU FOR YOUR SUPPORT.
Contact us via the normal WCA routes or email charity@actuariescompany.co.uk
Donations
Standing Order. This is the preferred route.
| Our HSBC Bank Details are Sort code: 40-47-31 Account number: 75181933 Account name: The Worshipful Company of Actuaries Charity |
Using your WCA Member Account (this functionality will be developed further in 2026).
Your Company may facilitate your payment.
A number of organisations, including Prudential, Lloyds Banking Group and MMC (many more will be doing this) allow employees to contribute from their salary to a charity as part of the monthly payroll. This approach may have tax advantages (e.g., salary sacrifice) and/or attract a matching donation from your firm. If you donate through this approach, it’d be super helpful if you could email charity@actuariescompany.co.uk, so at our end ‘we’ can tie up where the donation has come from and thank you.
Legacies and gifts: Many members have left a legacy to the Charity in their will as a gift. Legacies can be a very tax-effective method of donating, whatever the amount so please take us into account when writing your will. We recognise legacies and gifts when they arise but generally keep the £legacy confidential. Please advise us if you want to be anonymous.
GIFT AID
Adds tax relief to your donation. Please download a form:
Gift Aid Declaration Form and send a scanned / signed copy to charity@actuariescompany.co.uk.