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SOCITM

Registered charity 1207072 · accounts filings on the Charity Commission register

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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.

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.

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).

Trustees

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?

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.