SOCITM

Registered charity 1207072 · accounts filings on the Charity Commission register

Socitm provides public benefit through the advancement of education in the effective use of information technology and data for the delivery of public services and the promotion of the efficient administration of public services and charities.

Causes: Education/training · website · Get email alerts

Latest income
£2.0m
Latest spending
£5.6m
Registered
2024
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a net expenditure of £3,589,469 for the year, largely driven by a £3.8 million impairment loss on investments. Per the trustees' report, the charity has been utilizing previously built-up reserves to invest in its Institute, resulting in a consolidated net liability position, though the trustees maintain a formal financial reserves policy and anticipate generating an operating surplus in 2026.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: unclear (held: £344k)
“There is a formal financial reserves policy in place, and the Board of Trustees have ensured the current position is in alignment with the charity’s financial strategy and risk management framework.” — page 10
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Cottons Accountants LLP. Discloses 4 of 6 completeness components.

Corporate structure

Company officers (Companies House)

Current officers of the charity’s own company per the Companies House register, cross-checked against the Charity Commission trustee list by name. A director not on the trustee list is usually a timing or naming difference between the two registers — check both records before drawing conclusions.

Official officers record.

Structured financials (annual return, FY ending 31/12/2025)

Total income
£2.0m
Total spending
£5.6m
Cost of raising funds
£538k
Reserves (reported)
£344k
Employees
19

Reported reserves equal ~0.7 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Other trading activities (45% 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: 27.2% of total income — in the top quarter for charities its size (median 5.2%) (benchmarks).

Trustees · trustee networks

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

Operates in: Ireland · Northern Ireland · Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2025£2.0m£5.6m
31/12/2024£1.1m£1.5m

Common questions

Is SOCITM financially healthy?

Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £3,589,469 for the year, largely driven by a £3.8 million impairment loss on investments. Per the trustees' report, the charity has been utilizing previously built-up reserves to invest in its Institute, resulting in a consolidated net liability position, though the trustees maintain a formal financial reserves policy and anticipate generating an operating surplus in 2026. Its FY2025 accounts were audited by Cottons Accountants LLP.

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.

FunderSimilar charities fundedAmount to them
JOFFE CHARITABLE TRUST CIO1£125k
REES JEFFREYS ROAD FUND1£40k
A G MANLY CHARITABLE TRUST1£3k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with OPERATIONAL RESEARCH SOCIETY LIMITED.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
SOCITM£2.0m——unclear—no doubt
OPERATIONAL RESEARCH SOCIETY LIMITED FY2024£1.4m——within—no doubt
SOCIETY OF THE SACRED HEART CIO FY2025£2.4m—3below—no doubt
THE INSTITUTION OF ENGINEERING AND TECHNOLOGY FY2024£64.1m——unclear—no doubt
THE WORSHIPFUL COMPANY OF INFORMATION TECHNOLOGISTS CHARITY FY2024£423k—0above—no doubt
SOCIAL TECH TRUST FY2025£244k——above—no doubt

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