THE CHARTERED INSTITUTE OF MANAGEMENT ACCOUNTANTS' BENEVOLENT FUND

Registered charity 1196072 · accounts filings on the Charity Commission register · also known as CIMA BENEVOLENT FUND

The relief of necessitous persons who are or have been members of The Chartered Institute of Management Accountants, or any predecessor body, and of necessitous persons connected by ties of relationship or dependency at any time with persons who are or at any time were such members.

Objects

THE OBJECTS OF THE CIO ARE THE RELIEF OF NECESSITOUS PERSONS WHO ARE OR HAVE BEEN MEMBERS OF THE CHARTERED INSTITUTE OF MANAGEMENT ACCOUNTANTS, OR ANY PREDECESSOR BODY, AND OF NECESSITOUS PERSONS CONNECTED BY TIES OF RELATIONSHIP OR DEPENDENCY AT ANY TIME WITH PERSONS WHO ARE OR AT ANY TIME WERE SUCH MEMBERS.

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: The Prevention Or Relief Of Poverty · website · Get email alerts

Latest income

£279k

Latest spending

£319k

Registered

2021

Accounts read

FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted reserves stood at £2,572,000 at the end of 2024, which is above the policy target of three years of planned expenditure. The charity reported a net loss of £40,000 for the year, primarily due to grant expenditures exceeding incoming resources, but maintains adequate resources to continue as a going concern.

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

What the accounts disclose

Largest income source: Investment income

“In 2024, the Fund received £93k in donations from members and £120k in investment income.” — page 3

Per its FY2024 accounts as filed with the Charity Commission.

Reserves policy: three years of planned expenditure (held: £2.6m)

“The Charity's reserve policy is to hold three years of planned expenditure as reserves to ensure continued financial security and to provide for contingencies and to allow for the unpredictable nature of voluntary income (particularly legacies) as well as for a possible increase in grant expenditure as CIMA membership continues to grow.” — page 3

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: Donations received from Association of International Certified Professional Accountants staff.

“During 2024, a small portion of the donated services were from staff of the Association.” — page 16

Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Saffery LLP. Discloses 5 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Structured financials (annual return, FY ending 31/12/2023)

Total income

£2.6m

Total spending

£102k

Cost of raising funds

£1k

Reserves (reported)

£2.5m

Employees

Per its annual return, largest income source: Donations and legacies (99% 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 (3.0%) (benchmarks).

Register events

Received assets from another charity (14/01/2025) — per the register’s event history; asset transfers typically record mergers or reorganisations.

Trustees · trustee networks

Andrew McGunnigle FCMA CGMAchair
AMARJEET HANS · trustee of 2 other charities
Akmol Hussain
Bulelwa Kotta
Elaine Marie Richardson · trustee of 1 other charity
Matthew Miller FCMA
Rachael Jarrett
Rona van Hoepen
Shahzad Ali
Yvonne Dzotsi

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

Operates in: Abu Dhabi · Australia · Bangladesh · Botswana · China · Dubai · Ghana · Hong Kong · India · Indonesia · Ireland · Malaysia

Income and spending

Financial year end	Income	Spending
31/12/2024	£279k	£319k
31/12/2023	£2.6m	£102k
31/12/2022	£0	£0

Common questions

Is THE CHARTERED INSTITUTE OF MANAGEMENT ACCOUNTANTS' BENEVOLENT FUND financially healthy?

Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £2,572,000 at the end of 2024, which is above the policy target of three years of planned expenditure. The charity reported a net loss of £40,000 for the year, primarily due to grant expenditures exceeding incoming resources, but maintains adequate resources to continue as a going concern. Its FY2024 accounts were audited by Saffery LLP.

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
CHARTERED INSTITUTE OF CREDIT MANAGEMENT income £1.8m
ICE BENEVOLENT FUND income £1.7m
THE CHARTERED CERTIFIED ACCOUNTANTS BENEVOLENT FUND income £658k
THE CHARTERED INSTITUTE OF MANAGEMENT ACCOUNTANTS' GENERAL CHARITABLE TRUST FUND income £117k
CHARTERED ACCOUNTANTS' LIVERY CHARITY income £318k

Side by side with its peers

Charity	Income	Top pay band	Staff >£60k	Reserves vs policy	Fundraising cost	Going concern
THE CHARTERED INSTITUTE OF MANAGEMENT ACCOUNTANTS' BENEVOLENT FUND	£279k	—	0	unclear	—	no doubt
IPROVISION THE CHARTERED INSTITUTE OF PUBLIC RELATIONS (CIPR) BENEVOLENT FUND FY2025	£169k	—	0	within	—	no doubt
CHARTERED INSTITUTE OF CREDIT MANAGEMENT FY2024	£1.8m	—	—	above	—	no doubt
ICE BENEVOLENT FUND FY2025	£1.7m	—	1	unclear	—	no doubt
THE CHARTERED CERTIFIED ACCOUNTANTS BENEVOLENT FUND FY2025	£658k	—	0	unclear	—	no doubt
THE CHARTERED INSTITUTE OF MANAGEMENT ACCOUNTANTS' GENERAL CHARITABLE TRUST FUND FY2025	£117k	—	0	unclear	—	no doubt

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