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2022-12-31-accounts

President President SsBaister
Trustees G Bullivant (Treasurer)
LColtman
N Jinks (Appointed 13September 2022)
D Nolan (Chair)
A Poole (Appointed 13September 2022)
P Rice
Chief Executive S Chapple
Charity number 1162712
Company number RC000877
Princi pa I address 1 Accent Park
Bakewell Road
Orton Southgate
Peterborough
Cambridgeshire
United
Kingdom
PE2 6XS
Registered office 1 Accent Park
Bakewell Road
Orton Southgate
Peterborough
Cambridgeshire
United
Kingdom
PE2 6XS
Auditor Azets Audit Services
Ruthlyn
House
90 Lincoln Road
Peterborough
United
Kingdom
PE1 2SP
Bankers National
Westminster		 Bank
PO Box4
69 Bridge Street
Worksop
Nottinghamshire
United
Kingdom
S80 1DG

Page
Trustees'
report		 1-4
Statement
oftrustees'		 responsibilities
Independent
auditor's		 report 6-8
Statement
offinancial		 activities 9-to
Balance sheet 11 - 12
Statement
ofcash flows		 15
Notes to the financial statements 16-32

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2022 2021
Notes F
Fixed assets
Tangible assets 14 676,391 540,411
Investments 15 289,167 317,080
965,558 857,491
Current assets
Stocks 17 3,324 2,993
Debtors 18 185,201 198,062
Cash at bank and in hand 535,792 685,923
724,317 886,978
Creditors: amounts falling due within
one year 19 (516,948) (557,823)
Net current assets 207,369 329,155
Total assets less current liabilities 1,172,927 1,186,646
Creditors: amounts falling due after
more than one year 20 (27,074) (39,245)
Net assets 1,145,853 1,147,401
Income funds
Restricted funds 23 59,202 61,670
Designated funds 846,140 936,050
Unrestricted funds 240,511 149,681
1,145,853 1,147,401

2022 2021
Notes 6 6
Fixed assets
Tangible assets 14 676,391 540,411
Investments 15 289,267 317,180
965,658 857,591
Current assets
Stocks 17 3,324 2,993
Debtors 18 81,172 74,381
Cash at bank and in hand 535,792 685,923
620,288 763,297
Creditors: amounts falling due within
one year 19 (413,019) (434,242)
Net current assets 207,269 329,055
Total assets less current liabilities 1,172,927 1,186,646
Creditors: amounts falling due after
more than one year 20 (27,074) (39,245)
Net assets 1,145,853 1,147,401
Income funds
Restricted funds 23 59,202 61,670
Designated funds 846,140 936,050
Unrestricted funds 240,511 149,681
1,145,853 1,147,401

2022 2021
Notes 5 F
Cash flows from operating activities
Cash generated
from/(absorbed
by)		 30
operations 55,178 (25,362)
Investing activities
Purchase oftangible
fixed assets		 (198,935) (531,689)
Proceeds on disposal
oftangible
fixed		 assets 728,572
Investment income received 5,368 4,463
Net cash (used in)/generated from
investing activities (193,567) 201,346
Financing activities
Repayment of bank loans (10,000) (4,167)
Payment ofobligations
under		 finance leases (1,742) (1,528)
Net cash used
in financing		 activities (11,742) (5,695)
Net (decrease)/increase
in		 cash and cash
equivalents (150,131) 170,289
Cash and cash equivalents at beginning
ofyear		 685,923 515,634
Cash and cash equivalents at end ofyear 535,792 685,923

Unrestricted Unrestricted
funds funds
2022 2021
6 6
CICM (Services) Limited 880,253 798,826
Charitable activities
Total Total
2022 2021
6
Advertising, subs and royalties 51,276 67,007
Education and examinations 181,756 192,053
Membership subscriptions 640,956 571,952
Other income 5,308 1,500
879,296 832,512

Total Unrestricted
funds
2022 2021
Net gain on disposal oftangible fixed assets 305,985
7 Investment income
Unrestricted Total
funds
2022 2021
5
4,322 4,406
1,046 57
5,368 4,463

2022 2021
F 5
Expenditure by subsidiary 466,326 493,786
Investment management fees 2,453 2,576
Advertising, sobs and royalties 137,172 161,600
Education and examinations 396,167 321,303
Committee services and publicity 219,337 218,446
Branch activity 5,883 4,751
Benevolent fund 2,565 1,005
1,229,903 1,203,467
Share ofsupport costs (see note 9) 493,807 431,945
Share ofgovernance
costs (see note 9)		 10,750 8,475
1,734,460 1,643,887
Analysis
by fund
Unrestricted funds 1,681,401 1,571,703
Designated funds 50,494 71,179
Restncted funds 2,565 1,005
1,734,460 1,643,887

Support c osts
Support Governance 2022 Support Governance 2021
costs costs costs costs
8 f f
Depreciation 45,524 45,524 16,428 16,428
Governance 10,750 10,750 8,475 8,475
Legal and professional (4,902) (4,902) 48,883 48,883
Property expenses 30,732 30,732 17,552 17,552
Insurance 3,540 3,540 4,760 4,760
Printing
and stationery		 7,730 7,730 10,453 10,453
Postage 8,913 8,913 9,348 9,348
Telephone & IT 58,915 58,915 71,662 71,662
Staff costs 312,453 312,453 234,013 234,013
Staffexpenses 21,937 21,937 10,624 10,624
Other 8,965 8,965 8,222 8,222
493,807 10,750 504,557 431,945 8,475 440,420
Analysed
between
Charitable activities 493,807 10,750 504,557 431,945 8,475 440,420

The average
monthly
num		 ber
of employe		 es
during the		 year was:
2022 2021
Number Number
21 23
Employment
costs		 2022 2021
6 5
Wages and sa lanes 765,233 711,003
Social security costs 77,637 65,851
Other pension costs 34,341 32,547
877,211 809,401
The number ofemployees whose annual remuneration was 660,000 or more were:
2022 2021
Number Number
680,001 - 690,000 1 1

Unrestricted Total
funds
2022 2021
6 E
(32,102) 2,113

14 Tangible fixed assets
Group and Charity FreeholdFixtures
and		 Computers Total
land and fittings
buildings
Cost
At 1 January
2022		 515,666 21,713 208,408 745,787
Additions 4,950 176,190 17,795 198,935
Disposals (17,430) (21,713) (39,143)
At 31 December 2022 503,186 176,190 226,203 905,579
Depreciation
and impairment
At 1 January 2022 12,324 193,052 205,376
Depreciation
charged		 in the year 9,941 19,744 6,511 36,196
Eliminated
in respect of disposals		 (12,384) - (12,384)
At 31 December 2022 9,941 19,684 199,563 229,188
Carrying
amount
At 31 December 2022 493,245 156,506 26,640 676,391
At 31 December 2021 515,666 9,389 15,356 540,411

16 Fixed asset investmen
Group		 ts
Listed Investment in Total
investments
f		 subsidiary
Cost or valuation
At 1 January 2022 317,080 317,080
Valuation
changes		 (27,913) (27,913)
At 31 December 2022 289,167 289,167
Carrying
amount
At 31 December 2022 289,167 289,167
At 31 December 2021 317,080 317,080
Charity
Listed Investment in Total
investments
f		 subsidiary
Cost or valuation
At 1 January 2022 317,080 100 317,180
Valuation
changes		 (27,913) (27,913)
At 31 Dsee mber 2022 289,167 100 289,267
Carrying
amount
At 31 December 2022 289,167 100 289,267
At 31 December 2021 317,080 100 317,180
16 Financial
instruments		 2022 2021
f f
Carrying
amount offinancial assets
Instruments
measured		 at fair value through profit or loss 289, 167 317,080
17 Stocks
Group and Charity 2022 2021
f
Finished
goods and goods for resale		 3,324 2,993

18 Debtors
Group 2022 2021
Amounts
falling due		 within one year: 6
Trade debtors 114,017 105,591
Prepayments and accrued income 71,184 92,471
185,201 198,062
Charity 2022 2021
Amounts
falling due		 within one year: 6
Trade debtors 44,514 29,483
Prepayments and accrued income 36,658 44,898
81,172 74,381
19 Creditors: amounts falling
due within one year
Group 2022 2021
Notes 8
Bank loans 21 10,000 10,000
Obligations
under finance leases		 22 1,957 1,528
Other taxation and social security 44,359 27,281
Trade creditors 86,721 118,078
Other creditors 4,874 6,706
Accruals and deferred income 369,037 394,230
516,948 557,823
Charity 2022 2021
Notes 6 8
Bank loans 21 10,000 10,000
Obligations
under finance leases		 22 1,957 1,528
Other taxation and social security 44,359 27,281
Trade creditors 49,972 66,193
Amounts
owed		 to subsidiary
undertakings		 161,796 197,970
Other creditors 4,874 6,706
Accruals and deferred income 140,061 124,564
413,019 434,242

20 Creditors: amounts falling due after more than one year
Group and charity 2022 2021
Notes 8
Bank loans 21 25,833 35,833
Obligations under finance leases 22 1,241 3,412
27,074 39,245
21 Loans and overdraRs
Group and charity 2022 2021
Bank loans 35,833 45,833
Payable
within one		 year 10,000 10,000
Payable after one year 25,833 35,833
22 Finance lease commitments
Group and charity
Future
minimum
lease payments		 due under finance leases:
2022 2021
8 8
Within one year 1,957 1,528
Within two and five years 1,241 3,412
3,198 4,940

Movement Movement in funds Movement Movement Movement in funds in funds
Balance at Incoming Resources Balance at Incoming Resources Balance at
1 January
2021		 resources expended1 January
2022		 resources expended 31 December
2022
f f f f
Benevolent
fund 59,431 124 (1,005) 58,550 97 (2,565) 56,082
Ireland
branch 3,120 3,120 3,120
62,551 124 (1,005) 61,670 97 (2,565) 59,202
The benevolent
fund was set		 up by the Institute
to provide		 assistance to members or former members of the
Institute,
or
Benevolent		 their dependants,
Fund Committee		 in need, hardship
or distress. Applications
which is comprised
offour Vice Presidents.		 for assistance are considered by the
The Ireland
branch
fund was set up from surplus
funds
fenced for development
ofthe Ireland branch
of CICM.		 donated
by		 the IICM on its winding up and is ring
Designated funds
The income ofthe group and charity includes the following designated funds which have been set aside out of
unrestricted funds by the trustees for specific purposes:
Balance at Resources Transfers Balance at Resources Transfers Balance at
1 January
2021		 expended 1 January
2022		 expended 31 December
2022
f
Branch 49,974 (4,751) 794 46,017 (26,683) 415 19,749
Fixed asset
fund 447,737 (16,428) 109,101 540,410 (23,811) 159,792 676,391
IT
infrastructure
fund 50,000 (50,000) 150,000 150,000 150,000
Office fit-out
fund 199,623 199,623 (199,623)
547,711 (71,179) 459,518 936,050 (50,494) (39,416) 846,140

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26 Operating
lease commitments		 Operating
lease commitments		 Operating
lease commitments
At the reporting end date the charity had outstanding commitments for future minimum lease payments under
non-cancellable operating
leases, which fall due		 as follows:
2022 2021
8
Within one year 5,601 6,932
Between two and five years 20,740
26,341 6,932
27 Capital commitments 2022 2021
6 6
At 31 December 2022 the charity had capital commitments as follows:
Contracted
for but not provided		 in the financial statements:
Acquisition
of property,
plant		 and equipment 146,141
28 Related party transactions
Remuneration of key management personnel
The remuneration of key management personnel is as follows.
2022 2021
8
Aggregate
compensation		 284,634 248,418
Key management personnel consists of6 employees (2021 - 5).

Details ofthe charity's
subs		 idianes
at 31 D		 ecember 2022 are as follows:
Name of undertaking Registered Nature of business Class of % Held
office shares held Direct Indirect
CICM (Services) Limited UK Educational courses and Ordinary 100.00
training

30 Cash generated
from		 Cash generated
from		 operations 2022 2021
F f
(Deficit)/surpus
for the		 year (1,548) 309,261
Ad)ustments for:
Investment income recognised
in statement		 offinancial activities (5,368) (4,463)
Loss/(gain) on disposal of tangible fixed assets 26,759 (305,985)
Fair value gains and losses on investments 27,913 (2,113)
Depreciation and impairment
oftangible		 fixed assets 36,196 16,428
Movements in working capital.
(Increase)/decrease
in		 stocks (331) 1,156
Decrease
in		 debtors 12,861 32,935
(Decrease) in creditors (41,304) (72,581)
Cash generated
from/(absorbed		 by) operations 55,178 (25,362)
31 Analysis
ofchanges		 in net funds
At 1 January Cash flown At 31 December
2022 2022
6
Cash at bank and
in hand		 685,923 (150,131) 535,792
Loans falling due within one year (10,000) (10,000)
Loans falling due after more than one year (35,833) 10,000 (25,833)
Obligations under finance leases (4,940) 1,742 (3,198)
635,150 (138,389) 496,761