Docusign Envelope ID: 93C69F7D-7894-82FE-8323-F062439FDF0F
Charity number: 1157465
Iprovision The Chartered Institute of Public Relations (CIPR) Benevolent Fund
Annual report
31 December 2025
Docusign Envelope ID: 93C69F7D-7894-82FE-8323-F062439FDF0F
Iprovision The Chartered Institute of Public Relations (CIPR) Benevolent Fund
Contents
| Page | |
|---|---|
| Reference and administrative details | 1 |
| Chair's statement | 2 |
| Trustees' report | 3 - 7 |
| Independent examiner's report | 8 |
| Statement of financial activities | 9 |
| Balance sheet | 10 |
| Notes to the financial statements | 11 - 17 |
Docusign Envelope ID: 93C69F7D-7894-82FE-8323-F062439FDF0F
Iprovision The Chartered Institute of Public Relations (CIPR) Benevolent Fund
Reference and administrative details Year ended 31 December 2025
| Trustees | Kevin Taylor (resigned 31 December 2025) |
|---|---|
| James Harkness, Chair | |
| Mandy Pearse, Treasurer | |
| Elizabeth D'Angelo | |
| Paul Fincham | |
| Aimee Postle | |
| Clare Mortimer | |
| Jennifer Miller (resigned 31 December 2025) | |
| Tanitoluwa Fatuga | |
| Rebecca Williams | |
| Debbie Sharratt | |
| Kelly North | |
| Charity registered number 1157465 Registered office c/o Chartered Institute of Public Relations Brook House Manor Drive Clyst St Mary Exeter EX1 3QS Patron Baroness Rosalind Mary Grender Accountants UNW LLP Chartered Accountants St. James' Boulevard Newcastle upon Tyne NE1 4JE Bankers Triodos Bank NV Deanery Road Bristol BS1 5AS Investment managers Rathbones Group Plc 30 Gresham Street London EC2V 7QN |
Page 1
Docusign Envelope ID: 93C69F7D-7894-82FE-8323-F062439FDF0F
Iprovision The Chartered Institute of Public Relations (CIPR) Benevolent Fund
Chair's statement Year ended 31 December 2025
It has been another busy year for Iprovision.
We had twenty-four enquiries in 2025 and supported beneficiaries with around £38,000 of support, including cash grants and coaching packages. The enquiries we receive are now more complex than ever before, and each potential beneficiary has often several conversations with our support worker before a tailored package is created. Often too, there are a variety of solutions recommended, including in some cases, career coaching, money management, as well as support with mental health.
But supporting beneficiaries with this level of support, is expensive and as each application is ever more complex, so are the solutions we provide.
We were delighted to receive a significant legacy from David Michael Morgan Rees which will help us support more members in need. We have also increased the voluntary levy to CIPR members to £15, the first rise in a very long time, and I’d continue to urge all CIPR members to donate and Gift Aid this amount when they renew their membership.
As a board, we’ve adopted a sub-committee structure this year which has allowed groups to develop strategies, with supporting plans and recommendations, for some of our key areas including Beneficiaries, Education, Fundraising & Publicity and Investment. It is early days but so far, the signs are promising with all the groups developing proposals that will feed into board discussions.
I’d like to thank my predecessor Kevin Taylor, who left Iprovision stronger than ever and helped to raise our profile further, with the instigation of our Education Fund. As Kevin and Jennifer Miller step down, we will welcome new trustees Niall Caldwell and David Hamilton to our board in 2026 following a successful recruitment campaign, supported by Alastair McCapra of the CIPR. Both Niall and David will be CIPR appointees to the board, reinforcing our CIPR connection. I’d also like to thank our Patron, Baroness Olly Grender, and all our trustees who give up their time so generously, as well as our Office and Support workers, who ensure that every beneficiary who contacts us is dealt with not only professionally, but sensitively at their time of need.
I’m pleased that our longstanding and valued partnership between CIPR and Iprovision continues and that this enables this life-changing fund for CIPR members to be available when they most need it. With the many changes in the world of Public Relations and the world around us, it’s clear that the need is greater than ever.
Chair: James Harkness Date: 7 May 2026
Page 2
Docusign Envelope ID: 93C69F7D-7894-82FE-8323-F062439FDF0F
Iprovision The Chartered Institute of Public Relations (CIPR) Benevolent Fund
Trustees' report Year ended 31 December 2025
The trustees present their annual report together with the financial statements of the charity for the 1 January 2025 to 31 December 2025. The trustees confirm that these comply with the current statutory requirements, the requirements of the charity’s governing document, and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102), effective 1 January 2019.
Generally operating under the shortened name of Iprovision, the charity is registered with the Charity Commission.
Objectives and activities
Policies and objectives
The main charitable objective of Iprovision is set out in its Constitution (amended 13 March 2023). This reads:
“To provide assistance in cash or in kind or in any other appropriate manner for the prevention or relief of poverty, of any member or former member (including whatever category of member that is in existence from time to time), employee and former employee of The Chartered Institute of Public Relations, together with any Close Dependents and the Close Dependents of any deceased member, former member, employee or former employee of The Chartered Institute of Public Relations, having regard to their circumstances, status in life and need for such assistance, along with any other criteria that may be set out in Rules that the trustees in their absolute discretion may decide from time to time.”
Today, the principal activity of the charity remains to support current and former CIPR members and staff and their families at times of need, where there is hardship, usually as a result of illness, disability, unemployment or bereavement. Trustees can award single or continuing grants, but Iprovision can also support beneficiaries in a variety of other ways. This might include, for example, funding towards respite care, provision of equipment or access to employment, debt or money advice services.
The approval of grants is usually determined at the trustees’ meetings, but emergency grants can be authorised between meetings by the chair and/or vice chair in the case of urgent need.
Additionally, the support worker provides support to CIPR members in need, and offers information including referral to specialist statutory or voluntary organisations and advice services. This extends to providing a brief signposting resource sheet to applicants who do not meet the criteria for financial help.
We refer to the guidance from the Charity Commission on public benefit when reviewing our aims and objectives and in planning our future activities.
Grant-making policies
Trustees are governed by the Constitution and the Rules on awarding grants. In awarding grants, the trustees take into account all of the circumstances reported to them and any recommendations from the support worker.
It is heartening to note that there have been times when previous beneficiaries found themselves in a position to make a donation to the fund – for which trustees are most grateful.
Page 3
Docusign Envelope ID: 93C69F7D-7894-82FE-8323-F062439FDF0F
Iprovision The Chartered Institute of Public Relations (CIPR) Benevolent Fund
Trustees' report (continued) Year ended 31 December 2025
Achievements and performance
Review of activities
A full review of the charity's activities during the year is given in the Chair's statement on page 2.
Financial review
Going concern
The trustees have considered the impact of the ongoing cost of living crisis and inflation in respect to the potential impact on investment returns and are confident that the charity has sufficient liquidity to continue with its grant making activities. In 2025 we continued to see high demand for our support but we met this through a combination of drawing down interest from our investment fund and use of Iprovision subscriptions from CIPR.
Trustees have continued in 2025 to promote the work of Iprovision by attending the CIPR Excellence Awards and the Fellows lunch. In addition, the trustees continue to ensure that there are assets held as cash equivalent to six months of running costs with the close working between the charity and its investment managers ensuring that cash can be made available to meet demand as further resources are committed.
The trustees therefore have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in the preparation of the financial statements.
Financial performance
The trustees have a responsibility for fundraising and looking after the funds entrusted to Iprovision. These are held via a portfolio of investments and cash deposits – with the investment income, together with donations and gifts, used to carry out the charity’s aims.
The trustees consider that the fund’s current assets are available and adequate to fulfil the current and immediate future obligations of the charity.
Fundraising activities increased in 2025 but were still lower than pre-pandemic with trustees balancing fundraising against raising awareness of the charity’s services. The trustees remain grateful for the support provided by CIPR groups who raise funds for Iprovision. In 2025, CIPR implemented our request to increase the voluntary contribution to Iprovision from £10 per year to £15 per year. The trustees are also reviewing CIPR’s corporate affiliates where the individual contribution is not included.
Donations during the year totalled £139,571 which was made up of an increased amount of Iprovision individual donations due to the uplift from £10 to £15 and an initial payment of £100,000 from the legacy left by Mr Morgan Rees.
During 2025 we provided help through rent and mortgage support, referrals to support agencies, coaching and training. The total direct costs to the fund were £56,790 (2024: £68,154).
Page 4
Docusign Envelope ID: 93C69F7D-7894-82FE-8323-F062439FDF0F
Iprovision The Chartered Institute of Public Relations (CIPR) Benevolent Fund
Trustees' report (continued) Year ended 31 December 2025
Reserves policy
As at 31 December 2025, £1,447,616 was held in unrestricted funds.
The trustees endeavour to maintain reserves equivalent to no more than six months’ operating costs in the current account to meet ongoing expenditure and grant commitments. Surplus funds are ordinarily transferred to higher interest accounts or long term investments to support future income generation.
The reserves policy was met throughout the year. The only exception occurred in the final quarter, when the initial proceeds of a significant legacy were temporarily held in the savings account pending receipt of the full bequest and a decision on whether to designate the funds for a specific future project.
Material investment policy
Iprovision remains a small fund in comparison with other longer-established professional society benevolent funds. Other than working capital, the vast majority of our funds are under investment management and the trustees aim to grow our investments over time, regularly reviewing our advisors and setting targets for our desired level of growth. This, the trustees believe, is critical in ensuring Iprovision can continue to support CIPR members-in-need well into the future.
Structure, governance and management
Constitution
Iprovision was originally set up as a registered charity on 30 April 1965, becoming a Charitable Incorporated Organisation (CIO) from 1 January 2015.
Trustees
Trustee appointment, resignation and current term end dates are as follows:
| Trustee | Appointed | Current term end |
|---|---|---|
| Kevin Taylor | 01/01/2018 | 31/12/2025 (resigned) |
| Elizabeth D’Angelo | 01/01/2019 | 31/12/2026 |
| James Harkness | 01/01/2019 | 31/12/2026 |
| Aimee Postle | 01/01/2022 | 31/12/2029 |
| Clare Mortimer | 21/02/2023 | 20/02/2027 |
| Jennifer Miller | 01/01/2022 | 31/12/2025 (resigned) |
| Mandy Pearse | 01/12/2022 | 30/11/2026 |
| Paul Fincham | 28/02/2022 | 27/02/2030 |
| Tanitoluwa Fatuga | 01/08/2024 | 31/07/2028 |
| Rebecca Williams | 12/09/2024 | 11/09/2028 |
| Debbie Sharratt | 01/10/2024 | 30/09/2028 |
| Kelly North | 01/10/2024 | 30/09/2028 |
The management of the CIO is the responsibility of the trustees. There is provision for a maximum of twelve and a minimum of eight trustees, two of which may be nominated by the Chartered Institute of Public Relations (CIPR). Trustees normally serve for four years, and can be reappointed for a further four years.
Following a skills audit of the board in 2019, the Iprovision board remains committed to a rolling programme of trustee recruitment that will broaden the skills and diversity of the board. In line with that policy, we have been able to replace our departing trustees with two new recruits, who will be our nominated CIPR trustees, that broaden our diversity and lower our age profile.
Page 5
Docusign Envelope ID: 93C69F7D-7894-82FE-8323-F062439FDF0F
Iprovision The Chartered Institute of Public Relations (CIPR) Benevolent Fund
Trustees' report (continued) Year ended 31 December 2025
Structure, governance and management (continued)
Trustees meet quarterly and are in contact as necessary between meetings via email, WhatsApp and video conference. The board of trustees agrees the strategic aims of the charity, authorises the budget, reviews investments and most importantly considers applications for grants or other support as well as approving expenditure.
Day to day the part-time support worker and administrator/bookkeeper manage applications from beneficiaries and make recommendations to trustees. The support worker uses their contracted hours to provide support to any current or past CIPR member or employee in need who contacts Iprovision, reviews their circumstances, and makes confidential, anonymised reports and recommendations to the trustees on the best way we can help. As well as managing the charity’s finances, the administrator/bookkeeper provides administrative support to the trustees and the charity generally.
Financial risk management
The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
Plans for the future
Building on Strong Foundations - Chair James Harkness looks ahead
Looking forward to 2026 we are currently collaborating with the CIPR to better understand how members donate to Iprovision, so that we can build a stronger marketing and fundraising approach as part of a longer-term strategy to ensure Iprovision remains sustainable. Recommendations from each of the sub-committee groups will feed into this. Closer working with the CIPR will be fundamental to our approach, as we want to further highlight Iprovision as a key CIPR member benefit and use anonymised case studies to share examples of the support we provide.
Page 6
Docusign Envelope ID: 93C69F7D-7894-82FE-8323-F062439FDF0F
Iprovision The Chartered Institute of Public Relations (CIPR) Benevolent Fund
Trustees' report (continued) Year ended 31 December 2025
Statement of trustees' responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of trustees on 7 May 2026 and signed on their behalf by:
James Harkness (Chair, 2025)
Page 7
Docusign Envelope ID: 93C69F7D-7894-82FE-8323-F062439FDF0F
Independent examiner's report Year ended 31 December 2025
Independent examiner's report to the trustees of Iprovision The Chartered Institute of Public Relations (CIPR) Benevolent Fund ('the charity')
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2025.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work or for this report.
Signed: Dated: 7 May 2026 Anne Hallowell BSc FCA DChA UNW LLP, Newcastle upon Tyne
Page 8
Docusign Envelope ID: 93C69F7D-7894-82FE-8323-F062439FDF0F
Iprovision The Chartered Institute of Public Relations (CIPR) Benevolent Fund
Statement of financial activities Year ended 31 December 2025
| Note Income from: Donations and legacies 3 Investments 4 Total income Expenditure on: Raising funds 5 Charitable activities Total expenditure Net income/(expenditure) before net gains on investments Net gains on investments Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2025 £ 139,571 29,643 169,214 2,987 56,790 59,777 109,437 35,885 145,322 1,302,294 145,322 1,447,616 |
Total funds 2025 £ 139,571 29,643 169,214 2,987 56,790 59,777 109,437 35,885 145,322 1,302,294 145,322 1,447,616 |
Total funds 2024 £ 27,471 33,610 61,081 2,546 68,154 70,700 (9,619) 83,317 73,698 1,228,596 73,698 1,302,294 |
|---|---|---|---|
The notes on pages 11 to 17 form part of these financial statements.
Page 9
Docusign Envelope ID: 93C69F7D-7894-82FE-8323-F062439FDF0F
Iprovision The Chartered Institute of Public Relations (CIPR) Benevolent Fund
Balance sheet At 31 December 2025
| Note Fixed assets Investments 8 Current assets Debtors 9 Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year 10 Net current assets Total assets less current liabilities Net assets Total net assets Charity funds Unrestricted funds 11 Total funds |
15,909 111,850 127,759 (7,183) |
2025 £ 1,327,040 1,327,040 120,576 1,447,616 1,447,616 1,447,616 1,447,616 1,447,616 |
10,743 27,641 38,384 (20,404) |
2024 £ 1,284,314 |
|---|---|---|---|---|
| 1,284,314 17,980 |
||||
| 1,302,294 | ||||
| 1,302,294 | ||||
| 1,302,294 | ||||
| 1,302,294 | ||||
| 1,302,294 |
The financial statements were approved and authorised for issue by the trustees on 07 May 2026 and signed on their behalf by:
James Harkness (Chair, 2025)
The notes on pages 11 to 17 form part of these financial statements.
Page 10
Docusign Envelope ID: 93C69F7D-7894-82FE-8323-F062439FDF0F
Iprovision The Chartered Institute of Public Relations (CIPR) Benevolent Fund
Notes to the financial statements Year ended 31 December 2025
1. Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Iprovision The Chartered Institute of Public Relations (CIPR) Benevolent Fund meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The accounts are prepared in pounds sterling and are rounded to the nearest £1.
1.2 Going concern
The trustees have considered the impact of the ongoing cost of living crisis and inflation in respect to the potential impact on investment returns and are confident that the charity has sufficient liquidity to continue with its grant making activities. In 2025 we continued to see high demand for our support but we met this through a combination of drawing down interest from our investment fund and use of Iprovision subscriptions from CIPR.
Trustees have continued in 2025 to promote the work of Iprovision by attending the CIPR Excellence Awards and the Fellows lunch. In addition, the trustees continue to ensure that there are assets held as cash equivalent to six months of running costs with the close working between the charity and its investment managers ensuring that cash can be made available to meet demand as further resources are committed.
The trustees therefore have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in the preparation of the financial statements.
1.3 Income
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Page 11
Docusign Envelope ID: 93C69F7D-7894-82FE-8323-F062439FDF0F
Iprovision The Chartered Institute of Public Relations (CIPR) Benevolent Fund
Notes to the financial statements Year ended 31 December 2025
1. Accounting policies (continued)
1.4 Expenditure
Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of resources.
Support costs are those costs incurred directly in support of expenditure on the objects of the company. They include governance costs, which are those incurred in connection with the administration of the company and compliance with constitutional and statutory requirements.
Expenditure on raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
1.5 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Net gains / (losses) on investments’ in the statement of financial activities.
Investments held as fixed assets are shown at cost less provision for impairment.
1.6 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
1.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
1.8 Liabilities and provisions
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Page 12
Docusign Envelope ID: 93C69F7D-7894-82FE-8323-F062439FDF0F
Iprovision The Chartered Institute of Public Relations (CIPR) Benevolent Fund
Notes to the financial statements Year ended 31 December 2025
1. Accounting policies (continued)
1.9 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Investment income, gains and losses are allocated to the appropriate fund.
2. Critical accounting estimates and areas of judgment
Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
In preparing these financial statements the trustees do not consider there were any critical estimates or significant areas of judgment that were required in applying the charity's accounting policies as set out above.
3. Income from donations and legacies
| Unrestricted funds 2025 £ Donations 39,571 Legacies 100,000 139,571 |
Total funds 2025 £ 39,571 100,000 139,571 |
Total funds 2024 £ 27,471 - |
|---|---|---|
| 27,471 |
4. Investment income
| Unrestricted funds 2025 £ Investment income 29,273 Bank interest 370 29,643 |
Total funds 2025 £ 29,273 370 29,643 |
Total funds 2024 £ 33,205 405 |
|---|---|---|
| 33,610 |
Page 13
Docusign Envelope ID: 93C69F7D-7894-82FE-8323-F062439FDF0F
Iprovision The Chartered Institute of Public Relations (CIPR) Benevolent Fund
Notes to the financial statements Year ended 31 December 2025
5. Expenditure on raising funds
| Unrestricted funds 2025 £ Investment management fees 2,548 Promotional costs 439 2,987 |
Total funds 2025 £ 2,548 439 2,987 |
Total funds 2024 £ 2,546 - |
|---|---|---|
| 2,546 |
6. Analysis of expenditure by activities
| Direct | Support | Total | Total | |
|---|---|---|---|---|
| costs | costs | funds | funds | |
| 2025 | 2025 | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Provision of charitable activities | 43,613 | 13,177 | 56,790 | 68,154 |
Analysis of direct costs
| Grants awarded Support worker Mental health hotline |
Total funds 2025 £ 37,927 11,066 (5,380) 43,613 |
Total funds 2024 (as restated) £ 41,609 11,159 5,000 |
|---|---|---|
| 57,768 |
All grants awarded are to individuals; for further details see the trustees' report.
Page 14
Docusign Envelope ID: 93C69F7D-7894-82FE-8323-F062439FDF0F
Iprovision The Chartered Institute of Public Relations (CIPR) Benevolent Fund
Notes to the financial statements Year ended 31 December 2025
6. Analysis of expenditure by activities (continued)
Analysis of support costs
| Administrator costs Independent examination fee IT costs Postage, telephone & stationery Bank charges Insurance Professional services Support, administration and travel expenses |
Total funds 2025 £ 3,559 4,570 225 259 13 1,172 560 2,819 13,177 |
Total funds 2024 (as restated) £ 3,686 3,490 216 58 22 415 322 2,177 |
|---|---|---|
| 10,386 |
A discrepancy in the prepayment affected the insurance cost in the prior year. This has been corrected in the current year.
In the prior year, £5,990 was classified within professional services in support costs. This amount has been reclassified in the comparative information to grants awarded within direct costs, as it relates to course and certification fees provided to beneficiaries through hardship support. The reclassification did not impact on the total expenditure on charitable activities reported, of £68,154.
7. Trustees' remuneration and expenses
During the year, no trustees received any remuneration or other benefits (2024 - £NIL).
During the year ended 31 December 2025, expenses totalling £2,805 were reimbursed or paid directly to 7 trustees (2024: £1,458 to 3 trustees).
Page 15
Docusign Envelope ID: 93C69F7D-7894-82FE-8323-F062439FDF0F
Iprovision The Chartered Institute of Public Relations (CIPR) Benevolent Fund
Notes to the financial statements Year ended 31 December 2025
| 8. Fixed asset investments Cost or valuation At 1 January 2025 Additions Disposals Revaluations At 31 December 2025 Net book value At 31 December 2025 At 31 December 2024 9. Debtors Prepayments and accrued income 10. Creditors: amounts falling due within one year Trade creditors Accruals and deferred income |
Listed investments £ 1,283,555 26,887 (20,082) 35,885 1,326,245 1,326,245 1,283,555 |
Cash £ 758 49,473 (49,436) - 795 795 758 2025 £ 15,909 2025 £ 2,061 5,122 7,183 |
Total £ 1,284,313 76,360 (69,518) 35,885 1,327,040 1,327,040 1,284,313 2024 £ 10,743 2024 £ - 20,404 20,404 |
|
|---|---|---|---|---|
Page 16
Docusign Envelope ID: 93C69F7D-7894-82FE-8323-F062439FDF0F
Iprovision The Chartered Institute of Public Relations (CIPR) Benevolent Fund
Notes to the financial statements Year ended 31 December 2025
11. Statement of funds
Statement of funds - current year
| Balance at | |||||
|---|---|---|---|---|---|
| Balance at 1 | 31 | ||||
| January | Gains/ | December | |||
| 2025 | Income | Expenditure | (Losses) | 2025 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| General funds | 1,302,294 | 169,214 | (59,777) | 35,885 | 1,447,616 |
| Statement of funds - prior year | |||||
| Balance at | |||||
| Balance at | 31 | ||||
| 1 January | Gains/ | December | |||
| 2024 | Income | Expenditure | (Losses) | 2024 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| General funds | 1,228,596 | 61,081 | (70,700) | 83,317 | 1,302,294 |
12. Related party transactions
There were no related party transactions in either period.
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