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THE CHARTERED INSTITUTE OF PROCUREMENT AND SUPPLY

Registered charity 1017938 · accounts filings on the Charity Commission register · also known as CIPS, THE CHARTERED INSTITUTE OF PURCHASING AND SUPPLY

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Latest income
£38.7m
Latest spending
£37.7m
Registered
1993
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the group reported total income of £38.7 million and a net income of £1.0 million for the year ended 31 October 2024. Per the trustees' report, unrestricted reserves stood at £7.4 million, while the group maintained a surplus in its defined benefit pension scheme of £2.7 million. The trustees confirmed adequate resources to continue in business for the foreseeable future, with no material uncertainties identified regarding going concern.

What the accounts disclose

Reserves policy: 3 months of operating expenses (held: £7.4m)
“The Trustees have set a targeted level of adjusted operating reserves equal to 3 months of operating expenses, based on the actual expenditure in the previous financial year.”
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: One trustee received remuneration for acting as interim CEO.
“During the period 3 April 2023 to 1 June 2023 one of the trustees assumed the position of interim Chief Executive Officer. During this period and in relation to the resposibilities undertaken in this temporary additional capacity the trustee received remuneration of £40,633 and expenses of £1,737 were reimbursed to or paid on behalf of the trustee.” — page 50
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Grant Thornton UK LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/10/2024)

Total income
£38.7m
Total spending
£37.7m
Reserves (reported)
£7.4m
Employees
240

Reported reserves equal ~2.4 months of spending — below the median for charities its size (median 4.6 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Australia · China · Ghana · Singapore · South Africa · Throughout England And Wales · Turkey · United Arab Emirates · United States

Income and spending

Financial year endIncomeSpending
31/10/2024£38.7m£37.7m
31/10/2023£34.2m£34.4m
31/10/2022£30.2m£27.9m
31/10/2021£27.3m£24.9m
31/10/2020£24.6m£24.7m

Common questions

Is THE CHARTERED INSTITUTE OF PROCUREMENT AND SUPPLY financially healthy?

The accounts state that the group reported total income of £38.7 million and a net income of £1.0 million for the year ended 31 October 2024. Per the trustees' report, unrestricted reserves stood at £7.4 million, while the group maintained a surplus in its defined benefit pension scheme of £2.7 million. The trustees confirmed adequate resources to continue in business for the foreseeable future, with no material uncertainties identified regarding going concern. Its FY2024 accounts were audited by Grant Thornton UK LLP.