CHARTERED INSTITUTE OF CREDIT MANAGEMENT

Registered charity 1162712 · accounts filings on the Charity Commission register · also known as CICM

(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

Causes: Education/training · Other Charitable Purposes · website · Get email alerts

Latest income
£1.9m
Latest spending
£1.9m
Registered
2015
Accounts read
FY2022

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.

Automated summary of the FY2022 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: sufficient reserves to develop, deliver and award the Institute's qualifications, future capital investment, unexpected maintenance expenditure (held: £241k)
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.
Per its FY2022 accounts as filed with the Charity Commission.

Accounts audited by Azets Audit Services. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£1.9m
Total spending
£1.9m
Reserves (reported)
£257k
Employees
21

Reported reserves equal ~1.6 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Register events

Trustees

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

Operates in: Ireland · Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
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.