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2023-12-31-accounts

ANNUAL REPORT AND ACCOUNTS

YEAR ENDED 31 DECEMBER 2023

Charity Number 1188764 (England and Wales), SC050060 (Scotland)

CHARTERED INSTITUTE OF FUNDRAISING CONTENTS

Trustees’ report 1
Independent auditor’s report 9
Statement of financial activities 12
Balance sheet 13
Statement of cash flows 14
Notes to the financial statements 15
Reference and administrative details 26

CHARTERED INSTITUTE OF FUNDRAISING ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

VISION

Excellent fundraising for a better world.

PURPOSE

To support and champion professional fundraising so our members flourish.

CHARITABLE OBJECTS

The objects for which the Chartered Institute is established are:

ACHEVEMENTS AND PERFORMANCE

Membership

2023 was another challenging year for the fundraising community. Charities faced rising costs, falling income, and increasing demand, putting greater pressure on services and donors. Supporting our membership community was even more critical during such a challenging environment.

We reviewed our individual and organisational membership prices as part of our commitment to providing the fundraising community with the best possible support. We changed the pricing structure to make it more inclusive and reviewed our membership grades. We also introduced a complimentary rate for small charities with a voluntary income of £50,000 or less as part of our commitment to being more representative and inclusive. We had 4,827 members at the end of 2023 (2022 – 4,970).

Policy and public affairs

In 2023, our policy and public affairs work prioritised helping members and the sector as a whole navigate the changing giving-landscape. With fewer people making donations to charity, changes to regulation and legislation, and artificial intelligence (AI) having the potential to fundamentally change how charities fundraise, it was crucial that we championed our members.

We launched our growing giving work, which started by consulting closely with our members on what they believed charities, government, the public and any other stakeholders needed to do to encourage more people to give. From this we launched the growing giving hub, with the latest insight into publicly available fundraising data, research we had conducted, and thought leadership pieces from charities to inspire fundraisers.

Given that the government plays a significant role in championing the sector, we also started working with the Department for Culture, Media and Sport (DCMS) to establish what proposals they could adopt to grow giving and were pleased that they agreed to raise awareness of giving days. We also met with parliamentarians at the All Party Parliamentary Group (APPG) for charities and volunteering to share our members’ views and encourage them to consider what more could be done to raise the profile of giving nationally.

There were significant proposed changes to legislation and regulation - the Fundraising Regulator's consultation on changes to the Code of Fundraising, the Digital Markets, Competition, Competitors and Consumers Bill, and the Gambling Commission's proposed changes to lottery marketing. For each of these, we worked with members to identify solutions that would mitigate against any unintended consequences on fundraising, whilst ensuring best practice and the highest standards of consumer protection were still upheld.

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CHARTERED INSTITUTE OF FUNDRAISING ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

Giving Tuesday

As the voice and champion of fundraisers across England, Scotland, Wales and Northern Ireland, the Chartered Institute of Fundraising was proud to be leading the UK's Giving Tuesday campaign again. In November 2023, Giving Tuesday trended #1 on Twitter, and, despite a decline from 2022, more than $3.1 billion was raised in the US alone. Giving Tuesday 2024 takes place on Dec 3 this year.

Events

Fundraising Convention 2023 was delivered from the new location of the QEII Centre in Westminster, London, supported by our volunteer Convention Board. This enabled an improved experience for over 2,100 delegates from this dedicated conference centre. As our first hybrid offer, over 470 virtual delegates also participated across the two-day learning, networking and development event, including a number of international attendees. The theme of ‘Connections’ recognised the importance of encouragement and practical support as a fundraising community, and the power of innovation during challenging times.

One-day conferences were delivered including the Major donor fundraising conference (March 2023) and Insight conference (April 2023), each reaching and equipping key fundraising communities. Support was given for volunteer-led activity including an online Wales fundraising conference, and in person conferences in the West Midlands, South West and Northern Ireland. This was supplemented by networking and training for fundraisers through our volunteer groups across the UK.

Remember A Charity

2023 was a record year for legacies with charitable gifts in wills raising as much as £4 billion[1] for good causes across the UK, demonstrating how crucial this income stream has become. The year saw Remember A Charity break records too, with a full year of consumer digital advertising, engaging PR campaigns and a high profile Remember A Charity Week succeeding in driving more than twice as many people to our website than any other year, at over 320,000 web visits.

With our mission of growing the UK’s legacy market, the campaign’s website is a key gateway to inspire supporters with stories from our member charities and to equip them with practical information that drives them to take action and leave a gift in their will. Our latest consumer benchmark from 2023 shows that over one fifth (21%) of charity supporters aged 40+ have now left a gift in their will, a 43% increase since 2013.

When it comes to driving change, our work with legal networks and professional advisers has never been more important. During the year, we equipped more than 875 solicitor firms and will-writers (alongside our member charities) with the tools and impetus to champion legacy giving with their will-writing clients, while expanding our work with legal partners and wealth managers with the aim of growing high value legacy gifts. With an active public affairs and policy agenda, we used our combined voice to protect the legacy giving environment, lobbying government to preserve fiscal incentives on legacy giving and working collaboratively to combat delays at probate.

Professional development

2023 was another busy year for our Professional Development team. We ran 111 short courses, 4 of which were new for 2023. These were attended by 1,499 fundraisers with a further 244 individuals attending our Introduction to Fundraising virtual course. We also ran our Women in Leadership and Future Leaders programmes for 71 attendees.

In addition, we had 10 cohorts of students start qualifications at various levels. We were delighted to celebrate 204 graduates at our virtual graduation ceremony in December.

1 Legacy Foresight 2022/23

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CHARTERED INSTITUTE OF FUNDRAISING ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

RAISE Programme

Funded by Arts Council England for a period of five years (April 2018 to September 2023), RAISE: Arts, Culture & Heritage was a Chartered Institute programme of support for arts, culture and heritage fundraisers across England through networking events, mentoring and professional development opportunities. Participants reported a 45% increase in fundraising knowledge and confidence as a result of the programme. The programme evaluation reported 116 mentoring pairings, 64 arts and culture-specific fundraising publications, 45 events and the distribution of 243 bursaries. The Chartered Institute’s Creative Sector Network continues to apply learning from the programme to maintain active engagement with this fundraising community.

Scotland

Our activity continued to support fundraisers and fundraising in Scotland, by listening to and addressing sector needs and ensuring good governance and safeguarding practices. This included hosting the secretariat to the Scottish Fundraising Adjudication Panel, offering guidance and training suitable for small charities, and delivering fundraising events supporting specialist areas and audiences across Scotland, while providing Scottish representation and input into UK fundraising standards. In addition, the Chartered Institute hosted the annual volunteer-led Scottish Conference and Awards to bring the fundraising community and wider sector stakeholders together in person.

Public Fundraising Services

In 2023, in consultation with our members, we successfully completed the public fundraising levy review, which resulted in lower prices for private site and door-to-door sign-ups, which will mean lower costs and so greater value for money for members across those channels.

In addition to continuing to manage the various site management systems and the mystery shopping programmes we also started planning the return of our Public Fundraising Operational Management Panel and our Public Fundraising Operational Users Forum, to enable organisational and corporate members to come together to discuss best practice and share experiences.

Equity, Diversity and Inclusion

Equity, Diversity and Inclusion (EDI) remained a priority for the Chartered Institute and our members throughout 2023. We have committed to work with our members to champion, challenge, and improve EDI across the fundraising community and lead sector-wide initiatives which improve the culture of fundraising and promotes fundraising as a career.

With the support of our EDI Committee members, we are integrating EDI into all our activities, recognising our role in leading on this agenda as an employer, membership organisation and across the profession in order to support the need for fundraising to be safe, more diverse and bring greater creativity and breadth to both the Chartered Institute and the wider fundraising industry.

In particular, 2023 saw us begin to roll out our mentoring scheme supporting our volunteer groups with EDI. This involves members of our EDI Committee supporting the EDI champions within each volunteer group, offering advice and support.

Volunteers

Volunteering goes to the heart of the work that the Chartered Institute of Fundraising does. With over 500 talented and committed volunteers covering the length and breadth of the country, our amazing volunteers support fundraisers in every discipline, and help us to deliver our strategy. From networking events to training, mentoring, awards and conferences, our volunteers deliver for their audience, whether that be geographical or Special Interest groups.

In 2023 we engaged with our volunteers both individually and in their committees, to help plan our volunteering strategy going forward. We listened to what works well and areas where we could be doing better. We will deliver

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CHARTERED INSTITUTE OF FUNDRAISING ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

on the promises that we made to our volunteers throughout 2023 and 2024, and continue to make volunteering a central pillar of our work.

Our volunteers continue to be the standard bearers for the Chartered Institute of Fundraising, and for all of their hard work, commitment, skills and experience, we are most grateful.

Independent Review

In early 2022 we commissioned an Independent Review into the organisational response to historic concerns and complaints of sexual harassment. The reviewers started their work in April 2022. Following initial interviews and assessment of all the available evidence, the independent reviewers decided that for the review to be robust and make sure everyone could take part, a wider request for participation was made in the autumn of 2022. The final steps of the review are now underway, with an aim to publish as soon as possible.

As part of our commitment to being a safe and inclusive organisation where the safety and experience of our members is paramount, we continue to focus on ensuring that our events, both online and in-person, are inclusive, from the way we curated our content to ensuring all speakers, sponsors and delegates committed to our Code of Behaviour at Events.

People and culture

The Board formally delegates day-to-day management to the Chief Executive. The Chief Executive leads an Executive Leadership Team made up of an Executive Director Finance, People & Resources, Executive Director Change and Executive Director Operations & Membership.

We would like to thank all the staff who worked with us over the last year for their hard work and commitment.

FUTURE PLANS

The passion and commitment of our members to learn, share, and deliver for their causes raises billions of pounds a year through skilled and ethical fundraising. Our ambition is to ensure that our members can navigate the challenges and opportunities that lie ahead with success. We know that when fundraisers achieve, everyone benefits from the supporter who is inspired and fulfilled through the act of giving a donation, through to the person who is able to access the support a charity can offer because of the income a fundraiser has brought in.

Looking at our plans for 2024:

FINANCIAL REVIEW

The financial results of the charity’s activities for the year to 31 December 2023 are set out in the Statement of Financial Activities, Balance Sheet, Statement of Cash Flows and supporting notes. The income was £4,634k (2022: £4,228k), an increase of £406k. The total expenditure was £4,553k (2022: £4,471k), an increase of £82k. We ended the year with a surplus of £81k compared with a deficit of £243k in 2022. A surplus had been budgeted in the year - we delivered against our income targets whilst tightly controlling our costs to generate the year end surplus.

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CHARTERED INSTITUTE OF FUNDRAISING ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

The surplus generated in the year meant an improvement in our general unrestricted funds position. At the balance sheet date we held general unrestricted funds of £4k compared to a deficit of £154k at 31 December 2022. Other unrestricted reserves of £387k (2022: £445k) have been specifically designated to provide for future depreciation of fixed assets and for work of the Special Interest and Regional Groups. We also held restricted funds of £312k (2022: £331k).

Further information on the Chartered Institute’s funds is contained in note 14 to the accounts.

Reserves Policy

The nature of the Chartered Institute’s activities means that the much of income is received in advance, notably from membership, training and events. This not only provides the Chartered Institute with high levels of working capital but also allows the charity to adapt its future plans based on income secured to manage risks. As a result of the analysis of income received in advance, the dynamics of the current business model and acknowledging the challenging external environment, the Board of Trustees has adopted a risk-based reserves policy.

Following a review of the risks to which the charity may be exposed to in its plans, the Board of Trustees considered that the Chartered Institute should hold minimum free reserves of £650k. This would allow the Chartered Institute to operate as effectively as possible and to continue to deliver against its new strategy.

The charity has reviewed the method it uses to calculate the amount of unrestricted free reserves it holds. At 31 December 2023 we held £485k in free reserves (2022: £299k), which is calculated by taking the unrestricted fund balance and adding back the deferred income relating to membership. The Board believes this is a fairer estimation of our available funds since the deferred income could be used to minimise the financial impact of any future risks.

However, the Board recognises that the Chartered Institute’s unrestricted free reserves of £485k are below the desired minimum level of reserves at £650k. The Trustees plan to rebuild the free reserves to the required level over the next three years through setting a strategy for income generation and careful monitoring of expenditure.

Going Concern

The Trustees have assessed the charity’s financial position, its plans for the foreseeable future, the risks to which it is exposed and the future cashflow projections and budgets. Building on our strategy and taking note of the external environment in which we work, the Trustees are satisfied that it remains appropriate to prepare the financial statements on a going concern basis.

At 31 December 2023, the balance sheet shows a cash balance of £1.3m (2021: £1.25m). Cash flow forecasts have been prepared which show that this cash balance is sufficient to meet the ongoing requirements of the Chartered Institute including the loan capital repayments. The ongoing implementation of the strategy is expected to strengthen our financial position in the longer term.

Investment Powers and Policy

Under the Royal Charter and Byelaws, the charity has the power to make any investment that the Trustees see fit. The Trustees delegate the management of investments to the Finance and Resources Committee. Excess cash funds are held on short- term deposits.

Risk Assessment

The Trustees have a process of continuous risk assessment that examines key areas of risk at Trustee meetings. The Chief Executive is tasked with reporting to the Trustees about the implementation of agreed systems to manage identified areas of risk. The Trustees are satisfied that the major risks to which the Chartered Institute is exposed have been reviewed and systems have been established to manage and mitigate the impact of those risks.

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CHARTERED INSTITUTE OF FUNDRAISING ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

The Trustees have identified the following key areas of external and business critical risk to be considered by the Trustees of the Chartered Institute of Fundraising moving into 2023:

STRUCTURE, GOVERNANCE & MANAGEMENT

The Chartered Institute of Fundraising is governed by Royal Charter. It is registered as a charity with the Charity Commission and the Office of the Scottish Charity Regulator.

Appointment of trustees

Eight Trustees are elected by the membership and are announced at the Annual General Meeting. Up to four further Trustees may be co-opted at any time.

Elected Trustees serve a term of three years and may be appointed to serve for one further term. The four co-opted Trustees shall retire after one year, unless reappointed. Each co-opted trustee shall be eligible for reappointment up to a maximum term of six years in total.

The Chair and Officers are appointed by the Trustees from among their number.

A full list of the trustees who served during the period can be found in the reference and administrative details.

Trustee induction and training

All new Trustees are issued with a full set of documents covering governance, the committee and decision-making process, the business plan and recent financial performance of the charity and are given a full induction by the Chair and staff team.

Organisation

The Board convenes every quarter for a meeting that examines performance, finance, strategy and risk. The Board of Trustees continues to move towards the standards set out in the Charity Governance Code and has been taking action to address specific identified weaknesses where necessary.

The Board has also noted NCVO’s Charity Ethical Principles.

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CHARTERED INSTITUTE OF FUNDRAISING ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

Clearly laid out responsibilities are defined for the Trustee body. Delegated powers are given to the Finance and Resources Committee to provide oversight of finance, HR, IT, investments and property matters, and to the Nominations and Elections Committee to oversee the trustee election and nomination processes.

The Finance & Resources Committee is chaired by the Honorary Treasurer, and the committee is composed of a mix of Trustees and non-trustees appointed for their technical skills and experience.

The Board has set up other advisory and functional committees to support the staff in the day-to-day running of the Chartered Institute. These are:

The Board formally delegates day-to-day management to the Chief Executive. The Chief Executive leads an Executive Team which is made up of the Executive Director Finance, People & Resources, the Executive Director for Change and the Executive Director Membership & Operations.

Staff remuneration

Trustees set the salary of the Chief Executive, using benchmarking and other data to inform their decision. The Chief Executive, in consultation with the Board and Finance and Resources Committee, sets the salaries of all other staff, using benchmarking and other data to review pay levels.

Fundraising

Whilst the Chartered Institute of Fundraising promotes best practice amongst fundraisers, it does not raise funds from the general public itself and as such is not required to be registered with the Fundraising Regulator. From time to time, we will apply for funding from grant-making bodies, trusts and foundations and we may use a professional fundraising agency to support our employees with this.

Public benefit statement

The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s general guidance on public benefit.

The Trustees ensure that its purposes are carried out for the public benefit by delivering services to enable those with fundraising responsibility in the charity sector to develop and adopt best practice, thereby promoting a transparent and efficiently managed charity sector that engenders public confidence and trust. Further, by supporting those in the charity sector with fundraising responsibility, we are able to help all charities to maximise the use of their resources and make a greater impact for all their beneficiaries.

The services that we deliver cover our strategic objectives as set out. Many of these services are open to all, for example training courses and conferences can be accessed by non-members, whilst our policy and campaigning work also benefits those in the wider fundraising community. Chartered Institute of Fundraising membership is open to any organisation, people employed by a charity or business with responsibility for, or an interest in, fundraising, and who are happy to sign up to comply with the Code of Fundraising Practice and our own Code of Conduct. The Chartered Institute provides a range of bursaries to support access to our services.

All Trustees give their time voluntarily and receive no remuneration nor any other financial benefit from the charity in relation to their role as Trustees. Any expenses reclaimed from the charity are set out in note 7 to the financial statements.

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CHARTERED INSTITUTE OF FUNDRAISING ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

Trustees’ responsibilities

Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity and of its financial activities for that period. In preparing those financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with relevant legislation. They are also responsible for safeguarding the assets of the charity, and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities. The Trustees confirm that the accounting policies adopted are in accordance with the Charities Act 2011, and with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The financial statements have been prepared on the going concern basis.

Disclosure of information to auditor

Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that, so far as the Trustee is aware, there is no relevant audit information of which the Charity's auditor is unaware, and the Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the Charity's auditor is aware of that information.

Approved by the Board on 12[th] June 2024

Nadine Campbell, Chair

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CHARTERED INSTITUTE OF FUNDRAISING INDEPENDENT AUDITOR’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF THE CHARTERED INSTITUTE OF FUNDRAISING

Opinion

We have audited the accounts of the Chartered Institute of Fundraising (the ‘charity’) for the year ended 31 December 2023, which comprise the statement of financial activities, the balance sheet, the statement of cash flows, the principal accounting policies and the notes to the accounts. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor’s responsibilities for the audit of the accounts section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the accounts, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the accounts is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the accounts are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the accounts and our auditor’s report thereon. Our opinion on the accounts does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the accounts, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the accounts or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the accounts or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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CHARTERED INSTITUTE OF FUNDRAISING INDEPENDENT AUDITOR’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 and the Charities Accounts (Scotland) Regulations 2006 (as amended) requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of accounts that are free from material misstatement, whether due to fraud or error.

In preparing the accounts, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the accounts

Our objectives are to obtain reasonable assurance about whether the accounts as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these accounts.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

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CHARTERED INSTITUTE OF FUNDRAISING INDEPENDENT AUDITOR’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

We assessed the susceptibility of the charity’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the accounts is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with section 144 of the Charities Act 2011 and with regulations made under section 154 of that Act and in accordance with Section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Buzzacott LLP Statutory Auditor 130 Wood Street London EC2V 6DL

Date: 27 June 2024

Buzzacott LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

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CHARTERED INSTITUTE OF FUNDRAISING STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Notes
INCOME FROM:
Raising funds
2
Charitable activities
3
- Create a better environment for
fundraisers to raise money
- Increase understanding of
Fundraising
- Enable fundraisers to be the
best they can be
Investment Income
TOTAL INCOME
EXPENDITURE ON:
Raising funds
2
Charitable activities
4
-Create a better environment for
fundraisers to raise money
-Increase understanding of fundraising
-Enable fundraisers to be the best
they can be
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE)
TRANSFERS BETWEEN FUNDS
14
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS
Total funds brought forward at 1st
January
Total funds carried forward at 31st
December 2023
14, 15		 Year to 31 December 2023
Year to 31 December 2022
Unrestricted
funds
Restricted
funds
Total funds
£
£
£		 Unrestricted
funds
Restricted
funds
Total funds

£
£
£
165,600
-
165,600
1,069,694
951,806
2,021,500
565,539
23,404
588,943
1,746,951
103,550
1,850,501
7,716
-
7,716
147,237
-
147,237

1,062,806
911,111
1,973,917

489,373
22,640
512,013

1,411,301
183,386
1,594,687
51
-
_51 _
3,555,500
1,078,760
4,634,260
3,110,768
1,117,137
4,227,905
186,518
-
186,518
796,475
910,442
1,706,917
547,703
24,633
572,336
1,924,697
162,333
2,087,030
185,746
-
185,746

785,864
942,756
1,728,620

461,592
21,239
482,831

1,905,929
167,574
2,073,503
3,455,393
1,097,408
4,552,801
3,339,131
1,131,569
4,470,700
100,107
(18,648)
81,459
(228,363)
(14,432)
(242,795)
-
-
-
-
-
-
100,107
(18,648)
81,459
291,164
331,048
622,212
(228,363)
(14,432)
(242,795)
519,527
345,480
865,007
391,271
312,400
703,671		 291,164
331,048
622,212

The statement of financial activities includes all gains and losses recognised in the period.

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CHARTERED INSTITUTE OF FUNDRAISING BALANCE SHEET AS AT 31 DECEMBER 2023


Notes
Fixed assets
Intangible fixed assets
9
Tangible fixed assets
10
Current assets
Debtors
11
Cash in bank and in hand
Creditors: amounts falling due within
one year
12
Net current assets
Total assets less current liabilities
Creditors: amounts falling in more
than one year
13
Total net assets
The funds of the charity
Unrestricted funds
14
- General
- Designated
Total unrestricted funds
Restricted income funds
14
Total charity funds		 31 December 2023
31 December 2022
£
£
£
£
184,908
290,853
6,143
17,717
191,051
308,570
585,673
519,072
1,328,031
1,254,573
1,913,704
1,773,645
(1,293,019)
(1,232,530)
620,685
541,115
811,736
849,685
(108,065)
(227,473)
703,671
622,212
3,911
(154,023)
387,356
445,187
391,267
291,164
312,404
331,048
703,671
622,212		 31 December 2023
31 December 2022
£
£
£
£
184,908
290,853
6,143
17,717
191,051
308,570
585,673
519,072
1,328,031
1,254,573
1,913,704
1,773,645
(1,293,019)
(1,232,530)
620,685
541,115
811,736
849,685
(108,065)
(227,473)
703,671
622,212
3,911
(154,023)
387,356
445,187
391,267
291,164
312,404
331,048
703,671
622,212
622,212

The financial statements were approved by the Trustees on 12[th] June 2024 and signed on their behalf by:

Nadine Campbell

Chair

Rohan Hewavisenti Hon. Treasurer

13

CHARTERED INSTITUTE OF FUNDRAISING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023

2023 2022
Note
£
£
Cash flow from operating activities
Net cash used in operating activities A 95,630 182,188
Cash flows from investing activities
Investment Income 7,716 51
Purchase of fixed assets - -
Net cash from investing activities 7,716 51
Cash flows from financing activities
Cash inflow from new borrowing - 257,500
Cash outflow for repayments
(29,888) -
Net cash from financing activities (29,888) 257,500
Change in cash and cash equivalents in the year 73,458 439,739
Cash and cash equivalents brought forward 1,254,573 814,834
B
Cash and cash equivalents carried forward 1,328,031 1,254,573
Notes to the cash flow statement for the year to 31 December 2023
A. Reconciliation of net movements in funds to net cash flow from operating activities
£ £
Net expenditure for the reporting period (as per the statement of
financial activities) 81,459 (242,795)
Adjustments for:
Depreciation and amortisation charge 117,519 119,645
Investment Income (7,716) (51)
(Increase)/decrease in debtors (66,601) 169,681
Increase/(decrease) in creditors (29,031) 135,708
Net cash used in operating activities 95,630 182,188
B. Analysis of cash and cash equivalents

£
£
Total cash and cash equivalents:cash at bank and in hand
1,328,031 1,254,573

14

CHARTERED INSTITUTE OF FUNDRAISING NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. Accounting policies

a) Statutory information

The Chartered Institute of Fundraising is incorporated by Royal Charter (RC000910) and is a charity registered in England and Wales (1188764) and Scotland (SC050060).

The registered office address is Canopi, 7-14 Great Dover Street, London, SE1 4YR.

b) Basis of preparation These accounts have been prepared for the year to 31 December 2023.

The financial statements have been prepared 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) (Charities SORP FRS 102) and the Charities Act 2011.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note. The accounts are presented in sterling and are rounded to the nearest pound.

c) Public benefit entity

The charity meets the definition of a public benefit entity under FRS 102.

d) Critical accounting estimates and areas of judgement

Preparation of the accounts requires the trustees and management to make significant judgements and estimates.

The items in the accounts where these judgements and estimates have been made include:

e) Going concern

The Trustees have assessed whether the use of the going concern assumption is appropriate in preparing these accounts. The Trustees have made this assessment in respect of a period of 12 months from the date of approval of these accounts.

f) Income

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred.

Income from membership, corporate support, sponsorship, exhibitions and advertising is credited to the Statement of Financial Activities when earned. Income from training courses is credited to the Statement of Financial Activities when the course commences. All other items of income are credited to the Statement of Financial Activities in the year in which they are received.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

g) Donated goods and services

Donated goods and services are included at the value to the Chartered Institute i.e., the value the Chartered Institute would have paid in the open market. The majority of these gifts in kind are donated venues and meeting hosting, and free marketing and advertising.

h) Investment income

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally on notification of the interest paid or payable by the bank.

15

CHARTERED INSTITUTE OF FUNDRAISING NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

i) Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the relevant fund.

Unrestricted funds are donations and other income received or generated for the charitable purposes.

Designated funds are unrestricted funds designated by the Trustees for particular purposes.

j) Expenditure and irrecoverable VAT Expenditure, other than for training courses, is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Expenditure for training courses is recognised in full when the course commences.

Expenditure is classified under the following activity headings:

a. Costs of raising funds relate to the costs incurred by the charity in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose and their associated support cost.

b. Expenditure on charitable activities includes the costs of delivering services, training, events and other educational activities undertaken to further the purposes of the charity and their associated support costs.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

k) Allocation of support costs

Expenditure is allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the following basis, which is an estimate, based on staff time, of the amount attributable to each activity.

l) Operating leases Rental charges are charged on a straight-line basis over the term of the lease.

m) Intangible fixed assets

Intangible fixed assets comprises of computer software enhancements on the Chartered Institute’s database and website and compliance training platforms, which are capitalised where the purchase price exceeds £500. Amortisation costs are allocated to activities on the basis of the use of the assets. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use. Amortisation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life, which has been calculated as 4 years.

n) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £500. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Office Equipment 4 years
Furniture and Fittings 4 years
Land and Buildings remaining life of the lease Leasehold equipment remaining life of the lease(s)

o) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

p) Cash at bank and in hand Cash at bank and cash 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.

16

CHARTERED INSTITUTE OF FUNDRAISING NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

q) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Income received in advance for goods or services that accrue in future periods are deferred and recognised as a liability.

r) Pensions

The Chartered Institute operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Chartered Institute. The Chartered Institute makes contributions to the pension scheme in accordance with its obligations under the Pensions Reform Regulations. All amounts paid by the charity are charged to the Statement of Financial Activities as incurred.

s) Tax policy

The Chartered Institute is exempt from Corporation Tax as its income is raised charitably and spent on its charitable purposes.

2. Income and expenditure from raising funds

Income from raising funds
Corporate support
Corporate sponsorship
Costs of raising funds
Staff costs
Support costs (note 5)		 Unrestricted funds
2023
2022
£
£
105,817
73,385
59,783
73,852
165,600
147,237
Unrestricted funds
2023
2022
£
£
127,228
139,548
59,290
46,198
186,518
185,746

17

CHARTERED INSTITUTE OF FUNDRAISING NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

3. Income from charitable activities

Create a better Increase understanding
Enable		 Year to 31
2023 environment for of fundraising Fundraisers to be the December 2023
fundraisers to raise best they can be Total
money
£
£
£		 £
Unrestricted funds
Membership subscriptions 1,069,694
-
-		 1,069,694
Compliance Directorate -
565,539		 - 565,539
Training and events -
-
1,619,358		 1,619,358
Regional and special interest -
-
106,564		 106,564
groups
Other Income -
-
21,029		 21,029
1,069,694
565,539
1,746,951		 3,382,184
Restricted funds
Scotland office 17,554 23,404
76,064		 117,022
Remember A Charity 934,252
-
-		 934,252
Arts Council England -
-
27,486		 27,486
951,806 23,404
103,550		 1,078,760
Total income from charitable
activities to December 2023
2,021,500 588,943 1,850,501 4,460,944
Create a better Enable
2022 environment for
Increase understanding
Fundraisers to be the		 Year to 31
fundraisers to raise
of fundraising
best they can be		 December 2022
money Total
£
£
£		 £
Unrestricted funds
Membership subscriptions 1,062,806
-
-		 1,062,806
Compliance Directorate -
489,373
-		 489,373
Training and events -
-
1,328,666		 1,328,666
Regional and special interest -
-
72,635		 72,635
groups
Other Income 10,000 10,000
1,062,806
489,373
1,411,301		 2,963,480
Restricted funds
Wales office
Scotland office 16,980
22,640
73,580		 113,200
Remember A Charity 894,131
-
-		 894,131
Arts Council England -
-
109,806		 109,806
911,111
22,640
183,386		 1,117,137
Total income from charitable
activities to December 2022 1,973,917
512,013
1,594,687		 4,080,617

18

CHARTERED INSTITUTE OF FUNDRAISING NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

4. Expenditure on charitable activities

Create a better Increase understanding
Enable		 Year to 31
2023 environment for of fundraising Fundraisers to be the December 2023
fundraisers to raise best they can be Total
money
£
£
£		 £
Unrestricted funds
Membership administration 430,601
-
-		 430,601
Other member services 84,309 325,428
16,862		 361,349
Training and events 72,641 72,641 1,348,121 1,609,751
Regional and special interest 23,644 23,644
189,154		 204,171
groups
Support costs (note 5) 185,280 125,990
370,560		 681,830
796,475
547,703
1,924,697		 3,268,875
Restricted funds
Scotland office 15,591
20,788		 67,560 103,938
Remember A Charity 781,967 -
-		 781,967
Arts Council England -
-
75,370		 75,370
Support costs (note 5) 112,884
3,846
19,403		 136,133
910,422
24,633
162,333		 1,097,408
Total expenditure on
charitable activities to
December 2023 1,706,918
572,336		 2,087,029 4,366,283
Create a better
Increase understanding
Enable		 Year to 31 Dec
2022 environment for
of fundraising
Fundraisers to be the		 2022
fundraisers to raise best they can be
money Total
£
£
£		 £
Unrestricted funds
Membership administration 446,832
-
-		 446,832
Other member services 87,541
256,300
17,508		 361,349
Training and events 86,704
86,703
1,436,344		 1,609,751
Regional and special interest 20,417
20,417
163,337		 204,171
groups
Support costs (note 5) 144,370
98,172
288,740		 531,282
785,864
461,592
1,905,929		 3,153,385
Restricted funds
Scotland office 13,045
17,393
56,529		 86,967

19

CHARTERED INSTITUTE OF FUNDRAISING NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

Remember A Charity
Arts Council England
Support costs (note 5)
Total expenditure on
charitable activities to
December 2022		 816,827
-
-
816,827
-
-
65,529
65,529
112,884
3,846
45,516
162,246
942,756
21,239
167,574
1,131,569
1,728,620
482,831
2,073,503
4,284,954

5. Allocation of support and governance costs

Support costs are made up of depreciation, operating lease rentals, governance costs (note 6), irrecoverable VAT (note 8) and other miscellaneous costs. They are all allocated on the basis of staff time.

2023
Unrestricted Funds
Restricted Funds
Total allocated 2023
2022
Unrestricted Funds
Restricted Funds
Total allocated 2022		 Create a better
environment for
fundraisers to raise
money
Increase understanding
of fundraising
Enable
Fundraisers to be the
best they can be
Raising
Funds
Year to 31
December 2023
Total
£
£
£
£
£
185,280
125,990
370,560
59,920
741,750
112,884
3,846
19,403
-
136,133
298,164
129,836
389,963
59,290
877,883
Create a better
environment for
fundraisers to raise
money
Increase understanding
of fundraising
Enable
Fundraisers to be the
best they can be
Raising
Funds
Year to 31
December 2022
Total
£
£
£
£
£
144,370
98,172
288,740
46,198
577,480
112,884
3,846
45,516
-
162,246
257,254
102,018
334,256
46,198
739,726

6. Governance Costs

Auditor’s fees - statutory audit
Trustees’ meeting costs
Office and other costs		 2023
2022
£
£
20,053
19,685
8,815
2,730
-
6,833
28,868
29,248

20

CHARTERED INSTITUTE OF FUNDRAISING NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

7. Staff costs

Staff costs
Wages and salaries
Social security costs
Pension contributions		 2023
2022
£
£
1,712,329
1,659,074
169,009
168,041
102,396
101,053
1,983,734
1,928,168

Staff costs during the year include £31,066 relating to redundancy payments in connection with 4 staff who left as part of a restructure in 2023 (2022 Nil).

During the year, employees earning in excess of £60,000 per annum fell into the following:

2023 2022
Number Number
£100,000 - £109,999 1 1
£70,000 - £79,999 3 2
£60,000 - £69,999 2 -

The key management personnel of the charity in charge of directing, controlling, running and operating the charity on a dayto-day basis comprise the Chief Executive and an Executive Team, made up of the Executive Director Finance People and Resources, Executive Director for Change, Executive Director Membership and Operations. Salary, employer's NI and employer's pension contributions of the key management personnel for the period totalled £393,215 (2022: £338,380). Trustees' remuneration for the period was £nil (2021: £nil).

A total of £2,918 (2022: £736) was reimbursed to 6 (2022: 4) trustees in relation to out-of-pocket travel and subsistence costs incurred in connection with their duties as trustees of the charity.

The average number of employees analysed by function was:

Costs of raising funds
Create a better environment for fundraisers to raise money
Increase understanding of fundraising
Enable fundraisers to be the best they can		 2023
2022
Number
Number
4
3
13
14
8
9
16
16
41
42

8. Value Added Tax

The charity is partially exempt for VAT and cannot recover all the VAT it pays. Irrecoverable VAT in the year amounted to £221,509 (2021: £134,472) and is included within its associated expenditure category. Irrecoverable VAT which cannot be allocated is included within support costs (note 5) which is -£7,038 (2022: -£3,055).

21

CHARTERED INSTITUTE OF FUNDRAISING NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

9. Intangible fixed assets

Computer
software and
All used for direct charitable purposes website Total
£ £
Cost
At 1 January 2023 and 31 December 2023 813,479 813,479
Amortisation
At 1 January 2023 522,626 522,626
Charge for year 105,945 105,945
At 31 December 2023 628,571 628,571
Net book value
At 31 December 2023 184,908 184,908
At 31 December 2022 290,853 290,853

Included within intangible fixed assets are assets which relate to restricted funds. The net book value of assets held as restricted funds at 31 December 2023 was £13,068 (2022: £22,159).

10. Tangible fixed assets

Cost
At 1 January 2023 and 31 December 2023
Depreciation
At 1 January 2023
Charge for year
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022
1.
Debtors
Trade Debtors - Unrestricted
Trade Debtors - Restricted
Accrued Income
Other Debtors
Prepayments		 Office
equipment
£
54,122
36,405
11,574
47,979
6,143
17,717
585,674
519,072

11. Debtors

22

CHARTERED INSTITUTE OF FUNDRAISING NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

12. Creditors - Amounts falling due within one year

Trade creditors
VAT
Taxation and Social Security costs
Other Creditors
Accruals & Deferred income – Unrestricted
Accruals & Deferred income – Restricted
Bank Loan (see note 13)
Deferred income brought forward
Income released during the period
Income deferred during the period
Deferred income carried forward		 2023
2022
£
£
21,008
173,937
-2,603
6,953
56,703
57,885
88,678
72,002
630,152
598,778
379,534
292,948
119,547
30,027
1,293,019
1,232,530
2023
2022
£
£
891,726
810,039
(891,726)
(810,039)
1,009,687
891,726
1,009,687
891,726

Deferred income as at 31 December 2023 relates to membership, events and training income received in the period for the year ending 31 December 2024.

13. Creditors - Amounts falling due in more than one year

Bank loan 2023
2022
£
£
108,065
227,473

In 2022, the Chartered Institute of Fundraising took out a loan with the Social Investment Business for a total amount of £257,500. This was part of the Government’s Loan Recovery Scheme. The loan is for a term of 36 months, with interest payable at 7.9%.

23

CHARTERED INSTITUTE OF FUNDRAISING NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

14. Movement in funds

At 1 January
2023
£
Unrestricted funds
General funds
(154,023)
Designated funds

- Regional and special interest
groups-
158,775
- Fixed assets (intangible and
tangible)
286,412
Total designated funds
445,187

Total unrestricted funds
291,164
Restricted funds
Remember A Charity
157,818
Scotland office
42,799
Arts Council England
130,431
Total restricted funds
331,048
Total funds 2023
622,212		 At 1 January
2023
£
Unrestricted funds
General funds
(154,023)
Designated funds

- Regional and special interest
groups-
158,775
- Fixed assets (intangible and
tangible)
286,412
Total designated funds
445,187

Total unrestricted funds
291,164
Restricted funds
Remember A Charity
157,818
Scotland office
42,799
Arts Council England
130,431
Total restricted funds
331,048
Total funds 2023
622,212		 Income
Expenditure
£
£

3,448,936
(3,290,998)
106,564
(55,968)
-
(108,428)
At 31
December 2023

£

3,915

209,372

177,984
445,187
106,564
(164,396)
387,356

291,164

3,555,500
(3,455,393)
391,271
157,818
42,799
130,431
934,252
(891,967)

117,022
(123,166)

27,486
(82,275)
200,103

36,655

75,642
331,048
1,078,760
(1,097,408)
312,400
622,212
4,634,260
(4552,801)
703,671

Designated Funds

Regional & Special Interest Groups

The funds relate to income and expenditure arising from our network of National, Regional & Special Interest Groups. These funds have been ring-fenced for application by the Regional & Special Interest groups as needed.

Fixed assets (tangible and intangible)

This fund reflects the carrying value of the charity’s tangible and intangible fixed assets represented by unrestricted funds. The balance has been set aside on the understanding that these assets are fundamental to the day-to-day operations of the charity and therefore cannot be realised in order to meet working capital requirements.

Restricted Funds

Remember A Charity

Remember A Charity is the Chartered Institute’s long-term project to increase legacy giving to charity.

Scotland Office

The Chartered Institute receives grants from the Scottish Government for the purpose of funding our activities in Scotland. This includes hosting the secretariat for the Scottish Fundraising Adjudication Panel.

Arts Council England

In April 2018, the Chartered Institute was appointed as a National Portfolio Organisation by Arts Council England and commenced delivery of the RAISE programme to support fundraisers and fundraising organisations in the cultural sector. Working with the Chartered Institute’s Cultural Sector Network, in partnership with Young Arts Fundraisers and other stakeholders, the fouryear programme aims to support excellent fundraising practices and shared learning throughout Arts, Culture and Heritage organisations across England.

24

CHARTERED INSTITUTE OF FUNDRAISING NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

15. Analysis of net assets between funds

At year end 31 December 2023
Fixed assets
Debtors
Cash in bank and at hand
Creditors: amounts falling due within one year
Creditors: amounts falling due after one year
Total 2023
At year end 31 December 2022
Fixed assets
Debtors
Cash in bank and at hand
Creditors: amounts falling due within one year
Creditors: amounts falling due after one year
Total 2022		 General
funds
Designated
funds
Restricted
funds
Total
funds
£
£
£
£
-
177,984
13,067
191,051
469,950
-
115,723
585,673
544,430
209,372
574,229
1,328,031

(902,404)
-
(390,615)
(1,293,019)
(108,065)
-
-
(108,065)
3,911
387,356
312,404
703,671
General
funds
Designated
funds
Restricted
funds
Total
funds
£
£
£
£
-
286,411
22,159
308,570
475,084
-
43,988
519,072
436,992
158,776
658,805
1,254,573

(838,626)
-
(393,904)
(1,232,530)
(227,473)
-
-
(227,473)
(154,023)
445,187
331,048
622,212

16. Related Party Transactions

Other than the transactions disclosed within the notes to the financial statements, there are no further related party transactions to report (2022: none). Certain trustees may hold trusteeships or other senior posts within other organisations which are members of The Chartered Institute of Fundraising or may be direct members of the Chartered Institute – all such memberships subscriptions are offered at the Chartered Institute’s standard subscription rates.

25

CHARTERED INSTITUTE OF FUNDRAISING

REFERENCE AND ADMINISTRATIVE DETAILS

Charity name Chartered Institute of Fundraising
Charity numbers England and Wales 1188764
Scotland SC050060
Registered office Canopi,
7-14 Great Dover Street,
London, SE1 4YR
Auditors Buzzacott LLP
130 Wood Street,
London EC2V 6DL
Bankers National Westminster Bank PLC
358 South Lambeth Road,
London, SW8 1UR
Solicitors Bates, Wells & Braithwaite London LLP
10 Queen Street Place,
London, EC4R 1BE
Chief Executive Katie Docherty, Chief Executive

Trustees

The following have served as Trustees in the year and to the date of this report, unless otherwise stated:

Nadine Campbell Joyce Fraser Rohan Hewavisenti Kelvin Hopkins Gary Kernahan Harpreet Kaur Kondell (appointed 12[th] April 2023) Rebecca Mansell Isobel Michael (resigned 28[th] September 2023) Matt Parkes Sofia Zeenat Sheikh Kerys Sheppard Esther Ngozi Sherato (appointed 12[th] April 2023)

Details of each current trustee are available in the “what we stand for” section of the website https://ciof.org.uk/aboutus/what-we-stand-for/governance/trustees

26