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

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net expenditure of £46,054 for the year, reducing total charity funds to £1,049,824. The trustees consider the level of general reserves of £256,704 to be consistent with their stated policy target of £255,000. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

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

Year-over-year changes

• Reserves position vs the charity's own policy moved from "below" (FY2023) to "above" (FY2024).

Comparing this charity’s FY2023 and FY2024 accounts as analysed by this site.

Corporate structure

• Trading subsidiary: CICM (SERVICES) LIMITED Companies House 02707375
• Registered company of the charity Companies House RC000877

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (1 freehold); recorded price paid £415k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

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

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

Per its annual return, largest income source: Charitable activities (50% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (5.2%) (benchmarks).

Register events

• Received assets from another charity (26/01/2016) — per the register’s event history; asset transfers typically record mergers or reorganisations.

Trustees · trustee networks

• Arvind Kumar
• Emma Reilly
• Laura Brown
• Paula Swain
• Peter Gent
• Philip Roberts

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

Operates in: Ireland · Scotland · Throughout England And Wales

Income and spending

Common questions

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with IPROVISION THE CHARTERED INSTITUTE OF PUBLIC RELATIONS (CIPR) BENEVOLENT FUND.

• IPROVISION THE CHARTERED INSTITUTE OF PUBLIC RELATIONS (CIPR) BENEVOLENT FUND income £169k
• THE CHARTERED INSTITUTE OF MANAGEMENT ACCOUNTANTS' BENEVOLENT FUND income £279k
• THE INSTITUTE OF COMMERCIAL MANAGEMENT LIMITED income £1.1m
• CHARTERED MANAGEMENT INSTITUTE income £32.3m
• GREATER MANCHESTER MAYOR'S CHARITY CIO income £577k
• THE COMPANY OF CHARTERED SURVEYORS CHARITABLE TRUST FUND (1992) income £463k

Side by side with its peers

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.