THE CHARTERED INSTITUTE OF BUILDING
The CIOB is governed by Royal Charter with the following objectives - the promotion for the public benefit of the science and practice of building and construction and, the advancement of public education in the science and practice of building and construction including necessary research and the publication thereof.
Financial health, per its FY2024 accounts
The accounts state that the charity achieved a net income of £673k for the year, a significant improvement from the previous year's deficit. The trustees confirm that free reserves of £11,471k exceed the stated policy target range of £7m-£8m, indicating strong financial stability. The auditor reported no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“Total income was £15.41m (2023: £13.27m), of which £10.17m (2023: £9.63m) came from membership subscriptions.”
“The Trustees have concluded that an appropriate level of reserves to deal with these scenarios is in the range of £7m -£8m.”
“There were related party transactions to the value of £546 to disclose in 2024 (2023: £312). Mr Stephen Nitman £546 Professional Review Assesments” — page 31
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- STEPHEN NITMANchair
- CHRIS KEAST
- Craig Battye
- Dayle Bayliss
- Duan van der Merwe
- Elizabeth Smith
- Hadi Kazemi
- Jonathan Key
- Jonathan Payne
- Michael Loizias
- Ola Obadara
- Paul Vega
- Phillip Beaumont
- Saul Humphrey
- Shu Ling Lu
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £15.4m | £15.2m |
| 31/12/2023 | £13.9m | £14.6m |
| 31/12/2022 | £12.1m | £14.0m |
| 31/12/2021 | £11.8m | £12.0m |
| 31/12/2020 | £11.3m | £10.7m |
Common questions
Is THE CHARTERED INSTITUTE OF BUILDING financially healthy?
Per its FY2024 accounts: The accounts state that the charity achieved a net income of £673k for the year, a significant improvement from the previous year's deficit. The trustees confirm that free reserves of £11,471k exceed the stated policy target range of £7m-£8m, indicating strong financial stability. The auditor reported no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Haysmacintyre LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE PRET FOUNDATION | 1 | £8k |
Charities like this
- JCD FOUNDATION
- THE CHARTERED INSTITUTE OF HOUSING
- CHARTERED INSTITUTION OF WASTES MANAGEMENT
- THE CHARTERED INSTITUTION OF BUILDING SERVICES ENGINEERS
- THE INSTITUTION OF MECHANICAL ENGINEERS
- CC FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE CHARTERED INSTITUTE OF BUILDING | £15.4m | — | — | above | — | no doubt |
| JCD FOUNDATION | £2.1m | — | 0 | unclear | — | no doubt |
| THE CHARTERED INSTITUTE OF HOUSING | £10.0m | — | — | unclear | — | no doubt |
| CHARTERED INSTITUTION OF WASTES MANAGEMENT | £4.4m | — | — | above | — | no doubt |
| THE CHARTERED INSTITUTION OF BUILDING SERVICES ENGINEERS | £11.1m | — | — | unclear | — | no doubt |
| THE INSTITUTION OF MECHANICAL ENGINEERS | £31.9m | — | — | unclear | — | no doubt |