CHARTERED INSTITUTE OF CREDIT MANAGEMENT
(1) TO ADVANCE THE EDUCATION OF THE PUBLIC CONCERNING CREDIT MANAGEMENT AND TO ENCOURAGE THE STUDY THEREOF. (2) TO ESTABLISH A HARDSHIP FUND FOR THE BENEFIT OF MEMBERS OR FORMER MEMBERS OF THE INSTITUTE ALLOWING THE INSTITUTE TO MAKE PAYMENTS AND/OR ASSIST SUCH MEMBERS OR FORMER MEMBERS OR THEIR DEPENDANTS WHO ARE IN CONDITIONS OF NEED HARDSHIP OR DISTRESS
Financial health, per its FY2022 accounts
The accounts state that the charity reported a net expenditure of £61,548 for the year, which reduced total charity funds to £61,145,853. The trustees note that the general reserve of £240,511 was below the level deemed sufficient to meet future capital investment and qualification delivery criteria, although they are committed to closing this gap through cost management.
What the accounts disclose
“It is the Institute's policy to retain a level of general reserve that takes in to account future capital investment, unexpected maintenance expenditure and, in the event of a winding down of the Institute's activities, sufficient reserves to develop, deliver and award the Institute's qualifications.”
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (26/01/2016)
Trustees
- Allan Poole MCICM
- GLEN STEWART BULLIVANT
- LARRY COLTMAN
- NEIL JINKS FCICM
- Paula Swain
- Peter Gent
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.9m | £1.9m |
| 31/12/2023 | £1.7m | £1.8m |
| 31/12/2022 | £1.8m | £1.7m |
| 31/12/2021 | £2.0m | £1.6m |
| 31/12/2020 | £1.6m | £1.5m |
Common questions
Is CHARTERED INSTITUTE OF CREDIT MANAGEMENT financially healthy?
Per its FY2022 accounts: The accounts state that the charity reported a net expenditure of £61,548 for the year, which reduced total charity funds to £61,145,853. The trustees note that the general reserve of £240,511 was below the level deemed sufficient to meet future capital investment and qualification delivery criteria, although they are committed to closing this gap through cost management. Its FY2022 accounts were audited by Azets Audit Services.