## |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| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||ID0||N
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MS| ## ## ## |||||||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|| ## ## ## ## ## |jg
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IA|O|Ct| |Ih|||||||| |ID|||||||| |C|||||||| ## ## |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|