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THE CHARTERED QUALITY INSTITUTE

Registered charity 259678 · accounts filings on the Charity Commission register · also known as THE INSTITUTE OF QUALITY ASSURANCE

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Latest income
£7.3m
Latest spending
£6.6m
Registered
1969
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the group generated a surplus of £639k in 2024, with total unrestricted reserves rising to £5.1m. The trustees confirm that free reserves of £1.6m are compliant with the stated policy of retaining three months of operating costs, and they are confident the Institute has adequate resources to continue its activities for the foreseeable future.

What the accounts disclose

Reserves policy: three months of budgeted annual operating costs (held: £1.6m)
“The CQI operates a reserves policy that requires a minimum of three months of budgeted annual operating costs to be retained as free reserves.” — page 31
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: BAM Nuttall Ltd, a corporate partner, paid a membership fee of £5,500. One trustee is Head of Business Process and Quality at BAM Nuttall Ltd.
“One of the Institute’s trustees is the Head of Business Process and Quality at BAM Nuttall Ltd. As a CQI corporate partner, BAM Nuttall Ltd were invoiced and paid a membership fee of £5,500 in 2024 (2023: £5,250).” — page 65
“A member of the Institute’s Senior Management Team is on the Board of the European Organisation for Quality (EOQ). As a corporate member of the EOQ, CQI paid €18,500 (£16,287) (2023: €17903 (£16,181) in membership fees in 2024.” — page 65
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: CQI paid €18,500 (£16,287) in membership fees to EOQ. One SMT member is on the Board of EOQ.
“One of the Institute’s trustees is the Head of Business Process and Quality at BAM Nuttall Ltd. As a CQI corporate partner, BAM Nuttall Ltd were invoiced and paid a membership fee of £5,500 in 2024 (2023: £5,250).” — page 65
“A member of the Institute’s Senior Management Team is on the Board of the European Organisation for Quality (EOQ). As a corporate member of the EOQ, CQI paid €18,500 (£16,287) (2023: €17903 (£16,181) in membership fees in 2024.” — page 65
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: CQI Services Ltd was charged a management fee of £18,181. Two SMT members are directors of CQI Services.
“One of the Institute’s trustees is the Head of Business Process and Quality at BAM Nuttall Ltd. As a CQI corporate partner, BAM Nuttall Ltd were invoiced and paid a membership fee of £5,500 in 2024 (2023: £5,250).” — page 65
“A member of the Institute’s Senior Management Team is on the Board of the European Organisation for Quality (EOQ). As a corporate member of the EOQ, CQI paid €18,500 (£16,287) (2023: €17903 (£16,181) in membership fees in 2024.” — page 65
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Buzzacott Audit LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£7.3m
Total spending
£6.6m
Reserves (reported)
£5.2m
Employees
57

Reported reserves equal ~9.3 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Japan · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£7.3m£6.6m
31/12/2023£6.3m£6.1m
31/12/2022£5.4m£4.9m
31/12/2021£5.0m£4.7m
31/12/2020£4.5m£4.5m

Common questions

Is THE CHARTERED QUALITY INSTITUTE financially healthy?

The accounts state that the group generated a surplus of £639k in 2024, with total unrestricted reserves rising to £5.1m. The trustees confirm that free reserves of £1.6m are compliant with the stated policy of retaining three months of operating costs, and they are confident the Institute has adequate resources to continue its activities for the foreseeable future. Its FY2024 accounts were audited by Buzzacott Audit LLP.