SOCITM
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.
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
“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
Corporate structure
- Registered company of the charity Companies House 04396808 · Financial health read from its filings
Company officers (Companies House)
- STEPHENSON, Jonathan Roy on trustee list
- COLSON, Anthony on trustee list
- LINCOLN, Alison Clare on trustee list
- TAYLOR, Kevin on trustee list
- POPAT, Yogita on trustee list
- WILLIAMS, Carol Ann on trustee list
- FRARY, Kurt Craig on trustee list
- BRYANT, David
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- Carol Ann Williamschair
- Alison Clare Lincoln
- Anthony Colson
- Jonathan Roy Stephenson
- Kevin Taylor
- Kurt Frary
- Yogita Popat
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| JOFFE CHARITABLE TRUST CIO | 1 | £125k |
| REES JEFFREYS ROAD FUND | 1 | £40k |
| A G MANLY CHARITABLE TRUST | 1 | £3k |
Charities like this
- OPERATIONAL RESEARCH SOCIETY LIMITED
- SOCIETY OF THE SACRED HEART CIO
- THE INSTITUTION OF ENGINEERING AND TECHNOLOGY
- THE WORSHIPFUL COMPANY OF INFORMATION TECHNOLOGISTS CHARITY
- SOCIAL TECH TRUST
- DO-IT TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| SOCITM | £2.0m | — | — | unclear | — | no doubt |
| OPERATIONAL RESEARCH SOCIETY LIMITED | £1.4m | — | — | within | — | no doubt |
| SOCIETY OF THE SACRED HEART CIO | £2.4m | — | 3 | below | — | no doubt |
| THE INSTITUTION OF ENGINEERING AND TECHNOLOGY | £64.1m | — | — | unclear | — | no doubt |
| THE WORSHIPFUL COMPANY OF INFORMATION TECHNOLOGISTS CHARITY | £423k | — | 0 | above | — | no doubt |
| SOCIAL TECH TRUST | £244k | — | — | above | — | no doubt |