THE ICMIF FOUNDATION
The ICMIF Foundation aims to build resilience against risk in low-income vulnerable communities
Objects
THE RELIEF OF FINANCIAL HARDSHIP, IN PARTICULAR IN COMMUNITIES WHICH ARE SOCIALLY AND ECONOMICALLY DISADVANTAGED AND INCLUDING THOSE EXPOSED TO ECONOMIC, SOCIAL AND CLIMATE SHOCKS OR THE IMPACT OF CONFLICT, BY:(A) SUPPORTING THE DEVELOPMENT AND USE OF AFFORDABLE MUTUAL INSURANCE PRODUCTS(B) EDUCATING THE PUBLIC ON THE SUBJECT OF INCLUSIVE MUTUAL INSURANCE AS A MEANS OF SAFEGUARDING LIVELIHOODS.
Financial health, per its FY2024 accounts
The accounts state that total funds increased to £531,777, with unrestricted funds at £127,855. The trustees report no specific reserves policy due to ongoing support from ICMIF, which also provided staff and office space valued at £121,496. The auditors confirmed no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
Policies the charity declares
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
- Robert Phillip Wesselingchair
- Anna Tibblin
- Anthony John Phillips
- Ayanda Nokukhanya Seboni
- ELIZABETH LOUISE GREEN
- Hilde Vernaillen
- Nelson Kuria
- SABBIR PATEL
- Sangita Kamble
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £91k | £64k |
| 31/12/2023 | £147k | £123k |
| 31/12/2022 | £294k | £145k |
| 31/12/2021 | £225k | £187k |
| 31/12/2020 | £98k | £141k |
Common questions
Is THE ICMIF FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that total funds increased to £531,777, with unrestricted funds at £127,855. The trustees report no specific reserves policy due to ongoing support from ICMIF, which also provided staff and office space valued at £121,496. The auditors confirmed no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by BTMR Limited.