Finance Score: 1

Governance Score: 0

Support Score: 0

Low unrestricted reserves: -2
Fundraising costs low: +3

No volunteer policy: -2
Dynamic board: +3
Mainly male board: -1

No supporters identified

Overall GiG Score: 1

CHARTERED INSTITUTE OF CREDIT MANAGEMENT

(1) TO ADVANCE THE EDUCATION OF THE PUBLIC CONCERNING CREDIT MANAGEMENT AND TO ENCOURAGE THE STUDY THEREOF. (2) TO ESTABLISH A HARDSHIP FUND FOR THE BENEFIT OF MEMBERS OR FORMER MEMBERS OF THE INSTITUTE ALLOWING THE INSTITUTE TO MAKE PAYMENTS AND/OR ASSIST SUCH MEMBERS OR FORMER MEMBERS OR THEIR DEPENDANTS WHO ARE IN CONDITIONS OF NEED HARDSHIP OR DISTRESS

Analysis by Giving is Great

Positives:

There have been no material income shortfalls in recent years
Fundraising costs are unusually low relative to funds raised
The Board appears to be dynamic in terms of composition

Regulatory & Governance issues to consider:

Although this charity works with volunteers it does not have a Volunteer Management policy
The Board is predominantly male

Financial issues to consider:

Unrestricted reserves appear to be dangerously low at the latest year end

Established: 9 years
(54 years as a company)

www.cicm.com

info@cicm.com

01780722900

Charity Commission for England and Wales

Tweets

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E	Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/12/22	£1,765	£1,734	£31	£0	£1,146	£241	1.7	21	21
31/12/21	£1,951	£1,644	£307	£0	£1,147	£1,086	7.9	23	23
31/12/20	£1,599	£1,545	£54	£0	£838	£776	6	22	20
31/12/19	£1,825	£1,857	£-32	£0	£767	£693	4.5	26	200
31/12/18	£1,842	£2,260	£-417	£0	£772	£709	3.8	30	200
31/12/17	£1,773	£2,200	£-427	£726	£1,225	£1,151	6.3	43	0
31/12/16	£2,990	£3,322	£-332	£1,325	£1,636	£1,562	5.6	41	0

Show more rows -->

Show financials table -->

Download accounts

Financial Ratios

Fundraising Costs/Relevant Income: 0.3%
Fundraising Costs/Total Spending: 0.1%
Senior Staff Costs/Total Spending: 6%
Highest pay band: £80,000-£90,000
Liabilities/Assets: 32%
Liabilities/Income: 31%
Unrestricted Funds/Total Funds: 21%
Reserves/Spending: 1.7 months
Net Current Assets/Spending: 1 months
Quick Ratio: 1

Asset Split ?

Listed activities

Education/Training
Other Charitable Purposes

How it operates

Makes Grants to Individuals
Provides advocacy/advice/information
Provides services

Where it operates

Ireland, Scotland, Throughout England And Wales,

Who it helps

The General Public/Mankind

Who works here?

21 employees
21 volunteers

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (5)

Current Trustees appointed

Gender Split

ALLAN POOLE MCICM Appointed: 2022

DEBRA TARA NOLAN Appointed: 2018

GLEN STEWART BULLIVANT Appointed: 2016

NEIL JINKS FCICM Appointed: 2022

LARRY COLTMAN Appointed: 2012, Other trusteeship: COVENTRY UNIVERSITY STUDENTS' UNION LIMITED,

Legal constitution

Charity registered in England & Wales on 17/07/2015, number: 1162712
Registered at Companies House on 01/01/1970, number: RC000877

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Investment
Paying staff
Risk management
Safeguarding vulnerable beneficiaries

Filing Record

7 returns made; all on time

Main office

CICM
Unit 1
Accent Park,Bakewell Road
Orton Southgate
PETERBOROUGH
PE2 6XS

Objectives

THE OBJECTS FOR WHICH THE COMPANY IS HEREBY CONSTITUTED ARE:(I) TO ADVANCE THE EDUCATION OF THE PUBLIC CONCERNING CREDIT MANAGEMENT ANDTO ENCOURAGE THE STUDY AND PRACTICE THEREOF.(II) TO ESTABLISH A HARDSHIP FUND FOR THE BENEFIT OF MEMBERS OR FORMER MEMBERSOF THE COMPANY ALLOWING THE COMPANY TO MAKE PAYMENTS TO, AND/OR ASSISTSUCH MEMBERS OR FORMER MEMBERS OR THEIR DEPENDANTS WHO ARE INCONDITIONS OF NEED, HARDSHIP OR DISTRESS.

Data Sources