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2021-12-31-accounts

Chartered Institute of Library and Information Professionals

Trustees’ Report and Financial Statements

31 December 2021

CILIP: Registered charity number in England 313014 CILIP: Registered company number in England RC000780 CILIP: the Chartered Institute of Library and Information Professionals: Inaugurated April 2002 following the unification of the Institute of Information Scientists and the Library Association. Originally incorporated by the Library Association Royal Charter 1898. Registered office address: 7 Ridgmount Street, London WC1E 7AE

Website: www.cilip.org.uk

Report of the Trustees For the year ended 31[st] December 2021

The trustees present their report along with the consolidated financial statements of the Chartered Institute of Library and Information Professionals (CILIP) for the Financial Year ended 31[st] December 2021. The accounts are those of CILIP and its 100% owned subsidiary CILIP Pathways. The financial statements have been prepared based on the accounting policies set out in note one to the financial statements and comply with the organisation’s Royal Charter. CILIP is a charity operating under Royal Charter registered with the Charity Commission (Reg. No 313014).

1. Objectives and activities

Strategic objective

As a Chartered Institute, CILIP operates under Royal Charter which sets the following objective:

“The objects of the Institute shall be to work for the benefit of the public to promote education and knowledge through the establishment and development of libraries and information services and to advance information science (being the science and practice of the collection, collation, evaluation and organised dissemination of information).”

We deliver this objective through the mission and activities set out in our 5-year Strategic Plan. The previous plan, Securing the Future, was completed in 2020 and by Agreement with the Board of Trustees a new strategy is currently under development to cover the period 2022-26.

CILIP's purpose is to support, unite and advocate for everyone working in information, knowledge and libraries. Our vision is of a professional community that is dedicated to changing lives through access to quality information, knowledge and data.

As a charitable organisation, our work is strongly guided by our values, which include a commitment to:

Activities

Our mission is to be the leading professional association for people working in information, knowledge and libraries. We will achieve this mission by focusing on 5 key priorities:

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In setting our strategic priorities and developing our annual programme, we have due regard both to the Charity Commission’s general guidance on public benefit and the improvement of education and knowledge for public benefit. The trustees review CILIP’s annual delivery plans and budgets to ensure that all activities are in line with the charity’s objects and goals.

Four nations, regional devolution and international

CILIP is a UK-based organisation with a global reach. Through our international programmes, we support intercultural dialogue, cultural diplomacy and knowledge exchange with librarians, information and knowledge professionals worldwide.

We recognise the unique and distinct context of each of the four Nations that comprise the United Kingdom. Where possible, we develop programmes with a UK-wide remit, and work with our representative partners and members in all four Nations to tailor our activities and priorities to their national context.

To this end, in addition to the leadership of CILIP as the main UK-wide body, we also work in Scotland in partnership with CILIP in Scotland, an independent charity registered in Scotland. In Wales, our work is led by CILIP Cymru Wales, a National Committee of CILIP. In Ireland, our work is led by CILIP Ireland, a National Committee of CILIP.

We have considered the current context of increased devolution in national policy and are satisfied that these governance arrangements provided an approach that is responsive to changing circumstances while supporting the overall delivery of our charitable purpose.

Wider context

This report is provided in the context of a global pandemic that transformed the lives of millions of people worldwide. Throughout the pandemic, CILIP has remained open and has continued to focus on supporting our members as they support the users and communities that depend on them.

In the early days of the pandemic, CILIP set out a ‘COVID 19 Response Plan’ which enabled us to continue to meet our obligations throughout this period of disruption while continuing to deliver the benefits our members expect. This plan included:

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We are particularly grateful to our community of Member Networks and our colleagues in CILIP in Scotland, CILIP Wales and CILIP Ireland, without whose support it is unlikely that we could have maintained our operations on behalf of our members.

The challenges of the pandemic will be with us for many years to come. Entire societies have seen ‘digital’ access taking equal place alongside physical experiences. The impact on learners of all ages, and particularly schoolchildren and students, has been profound.

We have set out an ambitious programme for the future, helping to ensure that our profession is able to play its part at the centre of our national recovery.

How we deliver public benefit

CILIP is a charity operating under Royal Charter. Our purpose is to support, unite and advocate for everyone working in information, knowledge and libraries. Our vision is of a professional community that is dedicated to changing lives through access to quality information, knowledge and data.

We maintain a ‘theory of change’ which articulates how our work generates public benefit, both directly and indirectly. Our aim is to generate social, cultural, educational, economic, scientific and personal benefit for everyone by actively promoting an equal and inclusive information society and a competitive knowledge economy.

We have seen first-hand during the pandemic the vital role that reading, literacy, digital skills and access to information play in the lives of every citizen. Our role is to support the library and information professional workforce who deliver this benefit for everyone, regardless of their means.

2. What we did: activities, achievements and impact

The table below summaries how we delivered against our priorities and objectives in 2021.

Member support

CILIP has worked hard to provide support for our members throughout 2020-21, despite the complex challenges of COVID-19. A summary of our activities and impact is provided below.

Outcome Activity Impact
Member services CILIP’s membership team We were able to minimise
continued to provide timely attrition in membership in
and effective customer 2021 and received positive
services and support to our testimonials relating to our
members throughout 2021.

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customer services and support.

Outcome Activity Impact
As the UK emerged from CILIP continued to see
COVID-19 restrictions in 2021, increased engagement with
CILIP maintained an active our member-facing services,
programme of digital training training and editorial content
and engagement, providing online throughout the
our members with access to recovery period.
high-quality support for their
CPD and skills development. Members reported positively
on the improved accessibility
of CILIP’s training and CPD
support following the move
online.
Member Networks Our busy and proactive The specialist support of the
network of Special Interest Special Interest Groups has
Groups worked hard been consistently cited as
throughout the pandemic to among the most valuable
provide specialist expertise elements of our work, helping
and support for members. members to develop their
skills, improve their practice
Collectively, the SIGs and SIG and progress their careers.
Committees have delivered
dozens of training and As an umbrella body, it is
knowledge-exchange events, essential that CILIP is able to
hundreds of networking support members both in their
opportunities and a vital overall development as
programme of engagement information professionals and
and support for CILIP within their chosen
members across the UK. specialisms. The SIGs provide
a highly effective mechanism
to deliver this support.

Outcome Activity Impact The CILIP Regional Member The Regional Member Networks have acted as Networks ensure that CILIP is CILIP’s ‘face’ in the English able to be effective both regions, helping to ensure nationally and regionally. They that our support is timely, are frequently the ‘frontline’ relevant and tailored to the for engagement with and distinct needs of each region. support for members, helping to drive recruitment and retention in our membership.

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During the past year, the Regional Member Networks have provided CPD and professional development support through online events, training and content.

As a result of the work of the Regional Member Networks, we have been able to deliver better value for members across the UK. CILIPS has been able to provide clear leadership, representation and support for CILIP members in Scotland. As a result, recruitment and retention rates for membership have improved significantly over the course of the year and members can now benefit from a broader programme of support.

Devolved Nations CILIP in Scotland is CILIP’s affiliated partner organisation in Scotland, delivering a proactive programme of member support, representation, networking and advocacy.

During the past year, CILIPS’ the year and members can work has gone from strength now benefit from a broader to strength, helping to ensure programme of support. that members in Scotland have access to authoritative The voice of the profession is support and representation clearly represented in key tailored to the distinct nature political processes in Scotland of the Scottish context. and there is evidence of strong and informed CILIPS has represented the engagement with the whole sector both in national policy sector across all types of development and local library and information service political decision-making while by political leadership.

CILIPS has represented the sector both in national policy development and local political decision-making while also supporting a busy community of Scottish Branches and Networks.

The active CILIP Cymru Wales Thanks to the efforts of the Committee and national Committee and national Development Manager for Development Manager, there Wales have been able to is a strong identity and deliver a strong programme of purpose for the professional tailored support for members community in Wales. in Wales.

Significant progress has been made in advocating for the profession in Wales and securing recognition in public policy and decision-making.

At the same time, CILIP Cymru Wales has been able to act as a focal point for community, networking,

As a result, membership recruitment and retention have shown positive signs during the past year and we have received very positive feedback relating to member engagement and CPD and training support for members in Wales.

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solidarity and support for members in Wales throughout the pandemic.

Outcome Activity Impact
The CILIP Ireland Committee The work of the CILIP Ireland
and national Development Committee and national
Manager for Northern Ireland Development Manager have
have delivered a resulted in significant
comprehensive programme of improvements in the visibility,
representation, support, profile and influence of CILIP
advocacy and professional Ireland as a sector-wide
development throughout the convening body and
past year. professional support.
As a result, CILIP Ireland has Ongoing engagement with
been able to provide sector employers in Northern
leadership and a focal point Ireland is delivering real value
for sector development and and impact in terms of the
dialogue throughout the recognition of professional
pandemic. skills, which in turn is having a
positive effect on membership
engagement.
Diversity Networks The newly-established CILIP The BAME Network has
BAME Network has provided a already delivered positive
platform for career impact in terms of
development, support and representation and inclusivity
knowledge-sharing for within CILIP membership. The
librarians and information network has been able to
professionals from BAME advise on key areas of sector
backgrounds. and professional policy
development and has
provided a critical ‘sounding
board’ for CILIP’s wider
activities.
Outcome Activity Impact
The new LGBTQ+ Network The LGBTQ+ Network has
was established in 2019 to had a positive impact on the
provide a focus for representativeness of CILIP’s
professional representation work on behalf of the library,
and support for LGBTQ+ information and knowledge
people in the library, profession, while providing
information and knowledge LGBTQ+ professionals with a
profession. safe and supportive
environment for collaboration,
The LGBTQ+ Network solidarity and professional
delivered a busy programme development.

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of online events, engagement activities and member support throughout 2021

Recruitment and retention The new membership model The new membership model introduced at the end of 2020 has delivered significant was designed to provide CILIP improvements in our ability to with a more responsive set of tailor our membership tools to meet the changing proposition and pricing to needs of our professional meet the needs of different communities. The model was parts of the community. It has rolled out successfully in time not yet delivered in terms of for 2021 renewals. above-the-line growth, but we are seeing positive benefits in terms of retention.

Training and development
Outcome Activity Impact
Professional Registration CILIP continued to deliver a Professional registration
comprehensive programme of services have been
professional registration maintained and improved
support throughout 2021, throughout this year,
including maintaining the supporting membership
workflow of submissions, retention and helping
assessments and awards members to invest in their
throughout the pandemic. own development and
evidence their career
Candidates have been progression to employers.
supported with new
applications for Chartership,
Certification, Fellowship as
well as professional
revalidation.
Outcome Activity Impact
CILIP worked with Health The new PKSB has delivered
Education England to deliver a significant improvements,
comprehensive review and including new sections
refresh of the Professional relating to algorithmic literacy
Knowledge and Skills Base and new technologies as well
(PKSB) as a ‘Sector Skills as an extended range of ‘soft
Standard’ for our profession. skills’. As a result, our
professional standard is now
considerably more future-
proof and valuable as a tool
for professional development.

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Also in partnership with NHS The new research has had a Health Education England, very significant impact, CILIP published the ‘Tech prompting discussions across Review’ into the impact of AI, the sector and with Machine Learning and Process employers about future skills. Automation for our profession, It has been widely wellled by Dr Andrew Cox of received and has helped to Sheffield University. inform the revision of the PKSB.

Finally, working alongside The partnership is delivering HEE, CILIP has supported the positive impact and value, launch of the new ‘Health and including significant benefits Digital Literacy Partnership’ – arising from cross-domain a 4-year initiative to promote support, collaboration and the role of libraries in knowledge-sharing. supporting health and digital literacy.

Outcome

Activity

Impact

CILIP has continued to As a result of the introduction promote and support the ‘KM of KM Chartership, CILIP has Chartership’ route for seen significant knowledge managers improvements in engagement from the professional Knowledge Management community.

Outcome

Activity

Impact

During this reporting period, Information Professional Jobs the new Information is a key element of ensuring Professional Jobs platform that members can benefit continued to develop as the from quality employment sector-leading source of opportunities. In addition to information about jobs and advertising vacancies, the vacancies. platform provides an

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opportunity for dialogue with employers and terms and conditions for our members, as well as key sector professional insight to help guide our CPD and training.

Training and CPD CILIP has continued to publish Information Professional is Information Professional consistently cited as among magazine and the the most valuable and valued accompanying Suppliers Guide benefits of membership, throughout 2021, providing an providing quality editorial essential platform for current coverage and in-depth information, insight, analysis analysis into current and professional development developments across the for our community. breadth of our profession.

As a result, CILIP is able to demonstrate thoughtleadership for our profession while ensuring that our priorities and activities are driven by current awareness of and insight into the challenges and opportunities confronting our members.

Facet Publishing has continued Facet makes a central to act as a sector-leading contribution to the thoughtspecialist publisher throughout leadership, positioning and the pandemic, despite the expertise of CILIP as a impact of the coronavirus on professional association. We global supply-chains. Facet have been able to do more has maintained a strong backthis year to strengthen the list of professional publications collaboration between CILIP while also developing a ‘frontand Facet, helping to improve list’ of new specialist titles. the value we can offer to both authors and members.

Facet also provides a vital net return into CILIP’s charitable activities, helping to ensure that our operations are sustainable and that we can deliver value-for-money for our members.

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Outcome

Activity

As part of our ‘digital pivot’ the CILIP team moved our busy programme of events, training and conferences online, including a highly successful 2[nd] annual CILIP Conference, delivered through the Pheedloop platform.

We have been able to deliver a very popular programme of webinars covering a wide range of subjects as well as specialist online training support in partnership with our Member Networks.

CILIP has continued to provide support for international standards throughout 2021, including specifically our role in the international leadership and development of the RDA standard.

CILIP has provided ongoing support for LIS teaching and learning in the UK and internationally through our Accreditation programme, while also beginning to diversify our role as an accrediting body in related sectors including Archival and Museum Studies, Records, Information and Data Management.

Impact

Professional development, training and CPD support is a key part of the value proposition for members and the wider community. As a result of our move online, we have seen significant increases in participation and engagement with our training events and activities.

The shift online has also helped us to begin to address the environmental impact of physical events and training. As we look ahead to postpandemic recovery, it will be important to consolidate these gains in terms of participation and ease-ofaccess to our support programme.

There has been significantly increased engagement with and take-up of the RDA standard during this reporting period. We are actively engaged with the RDA community to implement a longer-term programme of development support.

Accreditation provides a vital mechanism to deliver on our vision for the future development of the professional workforce. By expanding into ‘Short Course Accreditation’ we are able to engage new and existing learning providers with a more flexible model that reflects the changing ways in which people undertake professional development.

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International development

CILIP has led the ACE-funded Working Internationally programme, providing grant funding support to 4 public library authorities to develop collaborative programmes with their counterparts overseas.

Working Internationally has highlighted a significant appetite among UK libraries in all sectors for international working. The programme has provided an opportunity to showcase the positive benefits of international collaboration for innovation and knowledge exchange.

CILIP and the Working Internationally Project Board were able to secure investment from the Arts Council England to fund a Feasibility Study for Phase 2 of this work.

Advocacy

Outcome

Championing Equality, Diversity and Inclusion

Activity

Through our Changing Lives programme, CILIP has made a lasting commitment to equality, diversity and inclusion across every aspect of our work, leadership and governance.

Impact

Changing Lives has already delivered significant impact in terms of equality, diversity and inclusion in our work, helping us both to present a more representative voice for our professional community and to begin to tackle systems which prevent people from marginalised communities entering and progressing in our profession.

It is clear that this is the beginning of a long-term process for CILIP and for our profession, but Changing Lives represents an unequivocal statement of intent allied to practical action.

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Outcome

Building political influence

Outcome

Activity

As the only independent association representing librarians, information and knowledge management professionals in all sectors, CILIP maintains an active programme of political relations in Westminster and the Devolved administrations.

During 2021, we supported the re-registration of the Libraries APPG as the ‘AllParty Parliamentary Group for Libraries, Information and Knowledge’, with an extended remit covering the wider range of information and knowledge sectors.

We have also been able to reflect the priorities and capabilities of our professional community in key Government consultations..

We have continued to build the evidence base in support of our advocacy of librarians, information and knowledge management professionals in all sectors.

Activity

CILIP has maintained a proactive approach to public and media relations, providing commentary and quotes for national, local and trade press and media outlets throughout 2021.

Impact

Our political engagement is helping both to ensure that key decisions impacting on our professional community are based on insight, evidence and understanding and that our potential contribution is reflected in wider policy documents.

The new APPG LInK has provided an invaluable platform for political engagement, developing relationships and positioning CILIP as a source of trusted and authoritative evidence and advice relating to libraries and information management.

We have seen real progress in expanding the scope of our political dialogue to encompass a broader understanding of the scale, composition and impact of our profession beyond public libraries.

We have continued to seek ways to develop a robust evidence-base for advocacy and sector development, and will continue to do so in the coming year.

Impact

As a result of our active engagement with media outlets, we were able to help ‘tell the story’ of the tremendous support provided by librarians and information professionals to their users, organisations or communities during the pandemic.

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In the process, we have been able to present a more positive and proactive voice for libraries in all sectors, and to start to be more effective in securing recognition of the scope and size of the sector beyond public libraries.

CILIP has provided national representation for our professional community through participation in Working Groups, advisory councils and other strategic platforms, including the English Public Libraries Strategic Working Group, chaired by the Arts Council England.

These activities have delivered positive impact in promoting CILIP’s vision of the central role of professional skills – the skills and know-how of our members – to the wider strategic leadership of the library and information sectors.

Outcome

Activity

Impact

Promoting public engagement Despite the disruptions of COVID-19, CILIP delivered a highly successful Libraries Week 2021 campaign in the first week of October (coinciding with key moments in the political calendar, including budget-setting within Local Authorities).

Libraries Week has continued to grow and develop as a key opportunity for public engagement during the year. The theme of ‘BActive and Engaged Communities’ was timely in light of the new sense of civic participation emerging from the pandemic.

The campaign focused on the theme of ‘Active and Engaged Communities’ and attracted widespread participation across most parts of the library and information sector, delivering significant public engagement and visibility.

Outcome Activity Impact

CILIP was able to deliver the Thanks to the hard work of Carnegie Greenaway Awards the CILIP staff team, the 2021 successfully as an Youth Libraries Group, online-only programme, Working Party and awards

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supported by the UK-wide ‘Shadowing Scheme’.

Despite the impact of COVID19, the Awards process was delivered successfully, albeit with some changes to timings.

judges, the 2021 Awards process went ahead and delivered an outstanding longlist and shortlist as well as worthy winners of both the Carnegie and Kate Greenaway Medals.

CILIP has continued to work with specialist agency Agile Ideas throughout the year to promote the Carnegie Greenaway Awards as an attractive prospect for new sponsorship and investment.

The new review into the longer-term financial and delivery model for the awards will help to ensure their longer-term sustainability.

CILIP continued to publish Pen & Inc., the diversity magazine and listings guide throughout 2021.

Pen and Inc. has continued to grow as a trusted and respected source of listings and information relating to diversity in childrens’ books and publishing.

Outcome Activity Impact Targeted campaigns CILIP has continued to work with Health Education England and the Health Libraries Group to support ‘A Million Decisions’ – the campaign to highlight the life-changing impact of librarians and sector. knowledge specialists in health.

The campaign has continued to deliver positive results throughout 2021, providing an opportunity to engage with clinicians and senior decisionmakers in the healthcare sector.

As part of this work, we have been pleased to support Health Education England with the development of their study Value Proposition: The gift of time, which provides further evidence in support of the campaign

CILIP has supported the School Libraries Group and School Library Association (SLA) in the ongoing implementation of the Great School Libraries campaign.

Great School Libraries has provided an important platform from which to advocate for quality school library provision. The Research Report has provided the first comprehensive evidence of the ‘state of the

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nation’ in provision and sets out clear priorities for future advocacy.

During 2021, we were pleased nation’ in provision and sets to support the launch of the out clear priorities for future findings of a research study advocacy. funded by the Foyle Foundation, which highlighted concerns about the inequality of school library provision between the state and independent sectors. Employer engagement CILIP has continued to The impact of the Employer maintain and grow the Partners Scheme continues to Employer Partners Scheme, be very significant for providing a much-needed CILIP,providing a vital platform for dialogue and platform for sector knowledge-sharing between development, prioritisation the professional body and and advocacy across all sector employers. sectors. As a result, participating employers have made a number of strong commitments to supporting CPD, development and professional registration for their staff, while also sharing key current insight back into the organisation.

Operations and governance

We have successfully maintained efficient, accountable and effective operations throughout 2021 in support of our charitable objects. Highlights of this work and its impact are set out below:

Outcome Activity Impact
Governance Effective leadership CILIP continues to benefit from clear
and effective governance and
leadership across the CILIP Trustee
Board, our national committees in
CILIP Cymru Wales and CILIP Ireland
and our affiliated partner CILIP in
Scotland.
Accountability We have reviewed and updated the
governance sections of the CILIP
website to ensure that key governing
documents and papers are publicly
available for scrutiny by the
membership.

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Finance and Audit Statutory compliance CILIP completed a successful audit
for 2020 with no material issues
raised and the audited accounts were
approved by the membership,
providing visibility on the
organisation’s financial performance.
Risk management Our risk register has provided an
effective mechanism for the CILIP
Board and Senior Leadership Team
to track and manage risks and
ensure that controls are adequate.
Facilities Office premises CILIP and CILIP in Scotland have
continued to maintain office premises
in London and Glasgow. CILIP has
also provided managed office
services, meeting room and event
hire through our wholly-owned
property at 7 Ridgmount Street in
London.

Future plans

As noted in the previous Annual Report, 2020 represented the final year of the previous 5-year plan Securing the Future. With the agreement of the Board and in light of the ongoing disruption of COVID-19, the Board agreed to ‘roll forward’ for one year, with the new strategic plan, We Are CILIP, coming into place in January 2022.

We Are CILIP sets out an ambitious vision for a new, more inclusive and impactful role for our professional body. It will focus on four key strategic contexts that are shaping the work of librarians, information and knowledge professionals: Digital Transformation, Equity and Social Justice, Environmental Sustainability and Leadership.

At the same time, one of the primary legacies of the pandemic is that the Board has decided to relocate away from CILIP’s existing premises at 7 Ridgmount Street, and in the process to address the long-standing issues with our former Defined Benefit Pension Scheme (closed in 2011).

The Senior Leadership Team has begun the process of preparing the premises for sale, and of developing a plan with the Pension Trustees that will leave CILIP debt-free and with a significant long-term endowment to secure our future sustainability.

Activities in the devolved nations

We aspire to combine a UK-wide perspective and common goals with effective and equal representation across Wales, Scotland, Northern Ireland and England.

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CILIP Cymru Wales

During 2021 CILIP Cymru Wales comprised a National Committee for Wales supported by a CILIP Development Manager. CILIP Cymru Wales is active in ensuring that the needs of CILIP members in Wales are addressed and that their priorities are fed into our overall programmes. Key achievements included:

CILIP Ireland

CILIP Ireland comprises a National Committee based in Northern Ireland supported by a CILIP Development Manager. CILIP Ireland is responsible for ensuring that the needs of CILIP members in Ireland are addressed and that their priorities are fed into our overall programmes. Key achievements for 2021 included:

During 2021, the CILIP Ireland Committee has developed a strategic plan which identifies key priorities, connected to the five strategic goals and priorities set out in the CILIP Action Plan.

CILIP in Scotland (CILIPS)

CILIP in Scotland (CILIPS) is an independent organisation registered as a charity with OSCR, the Scottish Charity Regulator. Each year, CILIPS sets out its own business plan which is aligned to the priorities and goals set out in the CILIP action plan.

CILIPS is supported through an annual grant, agreed with CILIP, which includes the cost of staffing and delivery of activities to the benefit of CILIP members in Scotland.

The joint CILIP/CILIPS Service Level Agreement (SLA) agreed in 2018 has provided a strong foundation for mutual dialogue and collaboration throughout 2021. As a result, we have agreed to translate the SLA from a ‘rolling annual’ agreement to a permanent standing one, representing the trust and respect between our organisations and our mutual interest in meeting the needs of our members. At the same time, the ‘SLA’ was replaced by a more equitable ‘Partnership Agreement’, which will now form the basis of our ongoing collaboration.

Monitoring and evaluation

At the request of the CILIP Board, the Senior Management Team has developed a performance management framework based on an agreed set of Key Performance Indicators which supports

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ongoing decision-making, evaluation and future planning. The performance management report focuses on:

We will review the effectiveness of these KPI during the course of the year.

External factors affecting our work

We undertake a periodic ‘foresight’ exercise in order to identify the main trends and external factors, which will affect our work. The key trends we have identified in 2021, which will inform our future work, include:

Fundraising

The majority of CILIP’s income comes from its members and it undertakes very little direct fundraising activity involving individual donors. CILIP did not receive any complaints in relation to

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fundraising in 2021 and 2020. Due to the nature of CILIP, CILIP is not registered with the fundraising regulator.

3. Future plans

2020 marked the final year of Securing the Future, our 5-year strategy (2016-20). In many ways, we were able to celebrate the successful delivery of a vision of CILIP as a more impactful, more visible and more relevant membership association for people working in libraries, information and knowledge.

At the same time, this has been a challenging period – with Government cuts resulting in widespread job losses and service reductions and ongoing pressure on libraries and information services to evidence their value and impact.

By agreement with the Board, we rolled forward an interim strategy in 2021, in anticipation of the publication of our new 5-year strategy and action plan, We Are CILIP in 2022.

In terms of our operations and sustainability, the key impact of the pandemic was to accelerate the process of resolving the long-standing pressure of our Defined Benefit Pension Scheme. In 2021, CILIP was able to negotiate a Framework Agreement with the new Pension Trustees which will see us selling the premises at 7 Ridgmount Street, and using the sale proceeds partly to close the significant deficit on the scheme and partly to secure CILIP’s ongoing viability.

4. Financial review

The financial statements were in the format required under the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP FRS 102) and the Statement of Financial Activities (SOFA) reflects the strategic priorities of CILIP.

Overview of 2021 financial position and performance for CILIP and CILIP Pathways Ltd

During the pandemic lock down years 2020 to 2021 CILIP carried out a number of actions to ensure its short and medium term financial sustainability. These actions included:

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Taking the above proactive actions enables CILIP’s overall income to increase from £3,946,319 in 2020 to £4,091,535 in 2021. This 1% increase in overall income was mainly due to the part recovery of training, events, conferences, publications, professional services (although not up to the pre-pandemic level) CILIP Pathways Ltd and Government recovery fund grants. Pandemic did have significant impact on the following CILIP’s activities;

CILIP implemented restrictions on non-committed expenditure to manage outgoings thereby increasing our costs by 1% from £3,898,947 in 2020 to £3,907,107 in 2021.

CILIP Pathways limited commenced trading in March 2020, incurring mainly start-up costs of £27,754. In 2021 Pathways made a profit of £22,002 thereby carrying forward a loss of £5,752 after offsetting 2020 losses against 2021 profit. There is also a time lag between opening apprentices and receiving income from successful apprentices. Income from successful apprentices is expected to gradually increase from now onwards.

Future financial outlook for CILIP and CILP Pathways Ltd

2020 represents the final year of CILIP’s current 5-year strategy ‘Securing the Future’, we developed our longer term action based on an assumption of continued disruption in 2021 and 2022 due to the impact of COVID-19. In addition, we are developing longer-term plans particularly through the Strategy Finance review that completed in July 2021. The recommendations from the strategic review informed our new 5-year plan (2022-26) undertaken in consultation with our membership and the wider profession.

In 2021, we have begun work on creating a ‘We are CILIP’ programme to ensure our future sustainability. This programme of work includes:

CILIP Pathways Ltd: During the period ended 31 December 2021, CILIP Pathways Limited made a profit. CILIP Pathways limited forecast to make a modest profit in 2022 with an increase in profits year on year projected. The directors are confident that CILIP Pathways is establishing itself well and forecasts that growth in 2022 and beyond will be achieved.

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CILIP’s financial activities

Reserves

Total group’s reserves in 2021 were £23,934,728 (2020: £16,781,414) which consists of unrestricted funds £21,336,855 (2020: £14,019,442), designated funds £1,811,415 (2020: £1,812,273) and restricted funds £786,458 (2020: £949,699). Further details about the funds are as stated below:

Unrestricted funds

Unrestricted funds consist of CILIP’s (i) central operations activities, (ii) Member Networks activities, (iii) designated funds activities, (iv) pension reserve and (v) revaluation reserve.

(i) CILIP’s central operations activities

CILIP’s Central operational activities during the year had a net income of £464,591 (net expenditure of £213,649 in 2020). In 2021, central operations had a surplus of £416,340 due to the recovery of our operational activities coupled with the gain of £48,251 on our investment assets due to the recovery of the UK stock market from the impact of the pandemic.

The total reserve carried forward in 2021 for central office activities was £958,817 in 2020 it was £168,786 as per note 19.

(ii) Member Networks activities

Our Member Networks continue to provide a range of high quality events, conferences and training opportunities at a fee that our members can afford to ensure their professional development thereby having a positive movement of £14,379 in 2021 but this was negative movement of £22,469 in 2020 due to cancellation of events because of the pandemic.

The total reserve carried forward to 2021 for Member Network activities was £693,294 (2020:£678,915) as per note 19.

(iii) Designated funds activities

Designated funds consist of the fixed asset reserve and development fund reserve.

The movement on the designated fund fixed asset reserve as per note 17 was due to the acquisition in 2021 of £2,556 (2020: £18,200) worth of computer assets and the depreciation charge for the year of £56,046 (2020: £70,465). The total fixed asset reserve carried forward to 2021 was £1,659,045 (2020: £1,712,535) and this did not include the revaluation reserve on buildings.

22 | CILIP Annual Report & Accounts 2021

An agreement was made by CILIP with the Defined Benefit Pension Scheme Trustees to sell the building by the 31 December 2022.

The total designated funds development reserves as per note 17 analysed below:

Member Network development fund
My library by right campaign fund
Central office master plan building repairs fund
Member Network CPD Forum development fund
Infrastructure development fund		 2021 Amount
2020 Amount
£26,529
£8,901
£1,942
£1,942
£95,576
£60,572
£4,103
£4,103
£24,220
£24,220
£152,370
£99,738

(iv) Pension reserves

The trustees believe that the defined benefit pension scheme funding calculation, which can vary considerably according to the assumptions made at each year-end, has no material effect on the charity’s cash flows in the short term, and that in the longer term its effects are sustainable out of future income. For this reason, in the trustees’ view, it is disregarded for reserves policy purposes. The movement on the pension reserve of £2,117,000 in 2021 (2020: £1,281,000) as per note 22 was mainly due to an increment in the present value of the defined benefit obligations. In 2021 the pension scheme deficit was £4,934,000 in 2020 this was £7,051,000.

(v) Revaluation reserve

CILIP fully owns the central office building as a primary asset of the charity which generates revenues (rental of office and meeting space) which are driven back to support our charitable objects. The freehold property revaluation takes place every two years. The market value as at 31December 2021 was £26,250,000 (as per note 9) in 2020 it was valued at £21,876,000.

Restricted funds activities

Restricted funds are those used in accordance with specific restrictions imposed by the donors or raised by the charity for particular purposes. The costs of raising and administering such funds, where applicable, charged against the specific fund. The movement on the restricted fund is analysed in note 16.

Subsidiaries

In 2021, the two dormant subsidiaries were dissolved. CILIP now has only one subsidiary. In 2020 it was three subsidiaries of which two are dormant.

CILIP Pathways Limited incorporated on 4[th] March 2020 as a trading subsidiary of the parent charity, CILIP. CILIP Pathways Ltd was set up to conduct assessment of apprenticeships. CILIP’s customers are the employers of apprentices, the apprentices and apprenticeship-training providers. CILIP Pathway Ltd incurred a start- up cost of £27,754. In 2021, CILIP Pathways Ltd made a profit of £22,002.

Further information on investment in subsidiary companies is set out in note 11.

23 | CILIP Annual Report & Accounts 2021

5. Investment powers and selection of investments

The Royal Charter gives powers to the trustees to invest the monies of the Institute not immediately required for the furtherance of its objects in or upon such investments, securities or property as may thought fit. The Byelaws allow the Board to delegate power to an investment manager to buy and sell investments on behalf of the Institute, within a prescribed investment policy.

Funds which are expected to be available for more than two years may be put into long-term investments to provide both income and capital growth. Funds available for investment on either short or long-term periods are invested with appropriate external fund managers, who will comply with our investment objectives. The Finance, Audit and Risk Committee makes decisions on which managers are used.

CILIP’s investment policy and investment:

The trustees will not invest directly in investments which conflict with CILIP’s aims and objectives as set out in the Royal Charter.

Restricted investments classified as long-term investments and unrestricted investments classified as short-term investments to fund CILIP’s strategic plan capital projects.

CILIP holds units in M&G Charifund. The Fund had a net yield of 4% in 2021 (2020: 6.0%). In addition to offering an attractive yield, Charifund has a strong long-term performance record.

The value of the total investments increased in 2021 by 13% to £979,169 with unrealised net gain of £114,887 due to the stock market. Further information on CILIP’s investments is set out in note 10.

6. Reserves policy

CILIP’s reserves policy designed to determine the level of reserves required to:

Under the policy in place in 2021, the reserves required to fund central operations are a minimum of three months’ (£872,564) and a maximum of six months’ operating costs (£1,745,127). Central office reserves stood at £958,817 at 31 December 2021, which equates to approximately three months’ costs.

24 | CILIP Annual Report & Accounts 2021

In addition, the policy allows sums to be set aside in designated reserves for important expenditure outside the normal operating budget. If overspend occurs, this needs to be recouped within a few years.

This policy also applied to Member Networks, which retain separate reserves sufficient to fund their own activities. Member Networks’ reserve stood at £693,294 in 2021 (2020: £678,915).

Going concern assessment

In June 2022, although the most severe implications of the COVID-19 pandemic appear to have passed in the UK, there are still some uncertainties about the long term effect on income. Trustees are satisfied that an effective plan and risk controls are in place to enable the organisation to transition from its existing premises at 7Ridgmount Street to a stable future operating model. Having reviewed the funding facilities available to CILIP together with the expected future cash flows, the Trustees have a reasonable expectation that CILIP has adequate resources to continue its activities for the foreseeable future and consider that there were no material uncertainties over CILIP’s financial viability. Accordingly, the trustees are of the view that CILIP is a going concern.

7. Principal risks and uncertainties

The Board recognises its responsibility for ensuring a sound system of risk management and internal control is in place. The Finance, Audit and Risk Committee provides assurance to the Board that this system is adequate and appropriate. The Senior Management Team is responsible for implementing the system of risk management and internal control and for identifying and evaluation of risks, putting in place appropriate mitigating action and monitoring and reporting progress.

Key risks identified during the year were:

Financial risk including possible declining income from membership income and tenant income; potential increasing costs in relation to pensions; fall in value of investments. Mitigating actions include regular review of risk by Finance, Audit and Risk Committee and Senior Leadership Team (SLT); introduction of new subscription levels and diversification of membership; introduction of marketing and sales strategy; and regular meetings with Pension Trustees and investment advisers.

Operational risk including possible failure to deliver business plan, failure to meet objectives throughout the year, failure to retain and motivate staff through extended periods of working at home. Mitigating actions include reviewing annual delivery plan at every SLT meeting, strong leadership from Board and SLT, regular communications with staff.

Reputational risk including failure to identify potential sources of reputational risk; failure to have in place adequate protocols for responding to events which carry reputational risk; failure to fully embrace obligations to equalities, diversity and inclusion. Mitigating actions include ensuring that reputational risk is factored into risk assessments, identifying key staff with responsibility for reputational risk, ensuring that we have a comprehensive equalities, diversity and inclusion change programme and that diversity is reflected in our leadership.

25 | CILIP Annual Report & Accounts 2021

Compliance risk including possible breaches of CILIP’s legal and regulatory duties; breaches of CILIP’s duties under the Data Protection Act and the General Data Protection Regulation; breaches of CILIP’s cyber security. Mitigating actions include Finance, Audit and Risk Committee regularly reviewing internal controls and implementation, CILIP website and virtual learning environment is secured with SSL encryption, new systems configured to comply with GDPR.

The risk register is regularly reviewed by the Board, Senior Leadership Team and by the Finance, Audit and Risk Committee. The trustees continue to assess the risks and uncertainties brought about by the COVID-19 pandemic.

8. Structure, governance and management

CILIP Board

Members of the Board are trustees of CILIP for the purpose of charity legislation.

The Board has twelve members elected directly by the membership, with a provision for up to three co-opted members to achieve a balance in the event of missing skills or jurisdictions. Should vacancies remain after an election, these also may be filled through the appointment process. During 2021, all the twelve Board members were in place. All of these Board members were individual members of CILIP. In 2021 three co-opted members served on the Board of which one was co-opted as a new professional. The Chair of the Board, John Trevor-Allen stood down on 27 January 2022 and was replaced by Sue Lacey Bryant.

Reporting to the Board are the Finance, Audit and Risk Committee, which oversees CILIP’s financial management and control, statutory accounts, investments and pension liabilities; and provides reassurance that proportionate mechanisms exist to manage risk, strategy, compliance and finance.

Chief Executive

Day-to-day management of the Charity delegated by the trustees to the Chief Executive, who is responsible for managing staff and resources to implement the decisions made by the Board. The Chief Executive is also included as key management personnel and his salary reviewed and agreed by the Remuneration Committee.

Key management personnel

Other key management personnel in 2021, in addition to the Chief Executive were the Chief Operating Officer; Director of Transformation, Chief Development Officer; Editor, Information Professional; Head of CILIP in Scotland; Head of Digital and IT; Head of Facilities; Head of Finance; Head of Sales and Marketing; Head of Publishing; Head of Sector Development and Head of Programmes. Their salaries are included in CILIP’s general pay scales.

Trustees’ induction and training

In January 2021 an induction day was held for all existing and new trustees. The focus was on the role of the Board and of individual trustees as well as on their financial, risk management responsibilities and collective decision-making.

Each new trustee received a welcome pack, which included:

26 | CILIP Annual Report & Accounts 2021

Changes to legislation or other rules affecting CILIP reported to CILIP Board to keep trustees upto-date.

Office of the President

The Office of the President comprises the President, the Vice-President and the Immediate Past President. They are directly elected by the membership, and are independent of the trustees of CILIP. Members of the Presidential Team represent CILIP at functions and events as well as being ex-officio on all committees.

The Annual General Meeting

The Annual General Meeting, normally held in September/October each year, approves the member subscription rate for the following year and agrees the appointment of CILIP’s auditors. It also approves by resolution any proposed changes to the Royal Charter and Byelaws (subject to approval by the Privy Council). In all other respects, its role is mainly advisory but the CILIP Board will give serious consideration to its recommendations.

The Finance, Audit and Risk Committee

The purpose of the Finance, Audit and Risk Committee is to assess CILIP’s overall governance framework for fitness-for-purpose, to identify and escalate issues and to confirm to the Board that proportionate mechanisms exist to manage risk, strategy, compliance and finance. The Committee contributes to audit planning, identifying areas of concern, receiving and reviewing the audit report and monitoring the management response.

Following consideration of the Audit Findings Report, risk management, internal controls and other items discussed by the Finance, Audit and Risk Committee during the course of its work in 2020, it did not identify any particular issues to report as a matter of concern to the Board.

27 | CILIP Annual Report & Accounts 2021

9. Membership information

Membership and subscription income by category

At the AGM in 2020 members voted to increase the fees and change the categories of membership from January 2021. Members may pay in one annual amount or monthly instalments by direct debit to make it affordable for most members. Consideration given for those working part-time hence the parttime category. Consideration given for those on low income, carers, disabilities and retired to make CILIP more inclusive.

The result of the change analysed below:

----- Start of picture text -----
2021 2021 2020 2020
Membership working full % of % of fees % of % of fees
time members income Membership type members income
FCLIP 1% 1.5% Leaders network 4% 8%
MCLIP 25% 34.2% Member 38% 35%
Registered
Standard member 29% 30.3% Professional (Full) 21% 32%
ACLIP 1% 1.3% Student 10% 3%
Student 1% 0.4%
Members paying full rate 57% 67.7% 73% 78%
Membership working part-
time
FCLIP 0.1% 0.1%
MCLIP 4.4% 4.9%
Standard member 5.1% 4.3%
ACLIP 0.1% 0.1%
Members paying part-time
rate 9.7% 9.4%
Members with concession
Leaders network
FCLIP 1.1% 1% (concession) 1% 2%
Member
MCLIP 15.4% 12.6% (Concession) 12% 6%
Registered
Professional
Standard member 12.4% 7.8% (Concession) 14% 14%
ACLIP 0.6% 0.5% Student Concession
Student 3.5% 0.9%
Members paying Members paying
discounted rates 33% 22.8% discounted rates 27% 22%
Non-practitioners 0.3% 0.1%
Total 100% 100% Total 100% 100%
----- End of picture text -----

28 | CILIP Annual Report & Accounts 2021

Membership by Geographical location

2021 2020
East Midlands 487 545
East of England 738 817
London 1,522 1719
North East 257 283
North West 631 721
South East 1,273 1,441
South West 813 906
West Midlands 457 515
Yorkshire & Humberside 478 531
England Total 6,656 7,478
CILIP in Scotland 1,112 1,210
CILIP in Wales 376 405
CILIP in Ireland 101 105
Total UK & Ireland 8,245 9,198
Overseas members 513 551
8,758 9,749

Membership per geographical location numbers given above were as at 31 December 2021 and 2020.

29 | CILIP Annual Report & Accounts 2021

In addition to joining member networks in member’s geographical area, members may join any group that they have interest in, namely:

  1. Academic and Research Libraries group (ARLG)

  2. Metadata and Discovery group (MDG)

  3. Commercial, Legal and Scientific Information group (CLSIG)

  4. Community, Diversity and Equality group (CDEG)

  5. Government Libraries and Information group (GIG)

  6. Health Libraries group (HLG)

  7. Knowledge and Information Management group (KIM)

  8. Information Literacy group (ILG)

  9. International Library and Information group (ILIG)

  10. Library and Information History group (LIHG)

  11. Library and Information Research group (LIRG)

  12. Local Studies group (LSG)

  13. Multimedia, Information and Technology group (MMIT)

  14. Prison Libraries group (PLG)

  15. Public and Mobile Libraries group (PMLG)

  16. Marketing and Communication group (MCG)

  17. Rare Books and Special Collections group (RBSCG)

  18. School Libraries group (SLG)

  19. UKeiG: the UK e-information Group

  20. Youth Libraries group (YLG)

  21. Retired Professional Group (RPG)

  22. Lesbian, Gay, Bisexual, Transgender, Transsexual and Questioning group (LGBTQ+)

  23. Blacks, Asian Minority Ethnic group (BAME)

30 | CILIP Annual Report & Accounts 2021

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 Policies).

Charity law 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 net income for that year, and adequately distinguish any material special trust or other restricted fund of the charity. In preparing those financial statements the trustees are required to:

a) Select suitable accounting policies and then apply them consistently.

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 the Charities Act 2011, the Charity (Accounts & Reports) Regulations and the provisions of the Royal Charter.

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.

This Annual Report and Accounts complies with current statutory requirements, the requirements of CILIP’s Royal Charter and the current Statement of Recommended Practice on Accounting and Reporting by Charities.

Signed on behalf of the Board of trustees

Sue Lacey Bryant Susan Lacey Bryant Sue Lacey-Bryant (Oct 12, 2022, 2:37pm) Honorary Chair

Date: 12 Oct 2022

31 | CILIP Annual Report & Accounts 2021

INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEES OF THE CHARTERED INSTITUTE OF LIBRARY AND INFORMATION PROFESSIONALS

Opinion

We have audited the financial statements of Chartered Institute of Library and Information Professionals (the ‘parent charity’) and its subsidiaries (the ‘group’) for the year ended 31 December 2021 which comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet, the Consolidated Statement of Cash Flows, and notes to the financial statements, including significant accounting policies. 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).

In our opinion the financial statements:

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 responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements 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 financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the consolidated financial statements 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 group or charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements 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 other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the group financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the group financial statements or our knowledge obtained in the course of 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 this gives rise to a material misstatement in the group financial statements themselves. 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.

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 (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

32 | CILIP Annual Report & Accounts 2021

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees are responsible for the preparation of the group financial statements 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 group financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the group financial statements, the trustees are responsible for assessing the group’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 group or the parent charity or to cease operations, or have no realistic alternative but to do so.

Auditor responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made or having effect there under.

Our objectives are to obtain reasonable assurance about whether the group financial statements 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 financial statements.

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:

We gained an understanding of the legal and regulatory framework applicable to the group and the sector in which it operates and considered the risk of the group not complying with the relevant laws and regulations including fraud in particular those that could have a material impact on the financial statements. This included those regulations directly related to the financial statements, including financial reporting, and tax legislation. In relation to the operations of the group this included compliance with the Charities Act 2011.

The risks were discussed with the audit team and we remained alert to any indications of non-compliance throughout the audit. We carried out specific procedures to address the risks identified.

These included the following:

Reviewing minutes of Board meetings, reviewing any correspondence with the Charity Commission, agreeing the financial statement disclosures to underlying supporting documentation, and made enquiries of management and officers of the group and a review of legal fees.

To address the risk of management override of controls, we carried out testing of journal entries and other adjustments for appropriateness. We also assessed management bias in relation to the accounting policies adopted and in determining significant accounting estimates.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

33 | CILIP Annual Report & Accounts 2021

Use of our report

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. 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.

Price Bailey LLP Chartered Accountants Statutory Auditors 24 Old Bond Street London W1S 4AP Date 14 October 2022

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

34 | CILIP Annual Report & Accounts 2021

CONSOLIDATED CHARITY AND GROUP STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2021

Notes
INCOME
Income from charitable
activities
Member’s subscription
Training, Events & Conferences
Publications
Professional services
Income from trading activities
Rent and service charges
CILIP Pathways income
Income from donations and
legacies
Grants- Government CJRS
Grants-Govt CBIL loan interest paid
Grants-Government recovery fund
Grants-Others
Legacy
Donations from individuals
Income from Investment
Income from quoted investment
and bank interest
3
TOTAL INCOME
EXPENDITURE
Expenditure on charitable
activities
Training, Events & Conferences
Publications
Professional services
Total charitable expenditure
Expenditure on raising funds
Services to tenants
CILIP Pathway costs
Total expenditure on raising
funds
TOTAL EXPENDITURE
4
Net income & expenditure
before investment gains and
(losses)
Net gains/(losses) on investment
assets
10
NET INCOME/(EXPENDITURE)
Other recognised
gains/(losses)
Revaluation of tangible fixed assets
9
Actuarial gains/(losses) on defined
benefit pension scheme
22
NET MOVEMENT IN FUNDS
Reconciliation of Funds
Total funds brought forward at 1
January
Prior year adjustments
27
Updated total funds brought
forward
TOTAL FUNDS CARRIED
FORWARD 31 December
20		 Unrestricted
Fund
31 Dec 2021
Restricted
Fund
31 Dec 2021
£
£
1,186,537
-
328,543
-
642,063
-
194,901
43,209
2,352,044
43,209
815,605
-
59,000
-
23,096
-
4,535
-
-
620,000
-
131,000
-
-
2,028
-
22,278
18,740
3,278,586
812,949
154,389
-
318,798
-
2,115,829
1,042,826
2,589,016
1,042,826
238,267
-
36,998
-
275,265
-
2,864,281
1,042,826
414,305
(229,877)
48,250
66,636
462,555
(163,241)
4,374,000
-
2,480,000
-
7,316,555
(163,241)		 CILIP GROUP
31 Dec 2021
CILIP GROUP
31 Dec 2020
Restated
£
£
1,186,537
1,009,480
328,543
273,417
642,063
555,142
238,110
262,404
2,395,253
2,100,443
815,605
878,081
59,000
-
23,096
159,807
4,535
-
620,000
623,000
131,000
70,500
-
41,665
2,028
23,238
41,018
49,585
4,091,535
3,946,319
154,389
243,858
318,798
443,752
3,158,655
2,944,283
3,631,842
3,631,893
238,267
239,300
36,998
27,754
275,265
267,054
3,907,107
3,898,947
184,428
47,372
114,886
(181,041)
299,314
(133,669)
4,374,000
676,000
2,480,000
(1,032,000)
7,153,314
(489,669)
15,831,715
949,699
-
-		 16,781,414
17,325,117
-
(54,034)
15,831,715
949,699		 16,781,414
17,271,083
23,148,270
786,458		 23,934,728
16,781,414

35 | CILIP Annual Report & Accounts 2021

CONSOLIDATED CHARITY AND GROUP BALANCE SHEET As at 31 December 2021

Notes
FIXED ASSETS
Tangible assets
9
Long-term investments
10
Investment in subsidiary
companies
11
Investment in CILIP Pathways
11
Other investments
11
Total Fixed Assets
CURRENT ASSETS
Short-term investments
10
Stock & work in progress
12
Debtors
13
Cash at bank and in hand
LIABILITIES
Creditors: Amount falling due
within one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS
CURRENT LIABILITIES
Creditors: Amounts falling
due after more than one
year
Life members provision in
advance
CBIL loan
NET ASSETS EXCLUDING
PENSION LIABILITIES
Defined Benefit pension scheme
funding deficit
22
TOTAL NET ASSETS
REPRESENTED BY:
Restricted Funds
16
Unrestricted Funds
Revaluation reserve
19
Pension reserve
19
CILIP Pathways reserve
19
Central Operations reserve
19
Total Central Operations
funds
Member Networks – other funds
19
Total other unrestricted
funds
19
Designated funds-Fixed Asset
reserve
17
Designated funds-Development
reserve
17
Total Designated Funds
Total Unrestricted Funds
TOTAL CILIP’s RESERVE		 CILIP CHARITY
CILIP
CHARITY
31 Dec 2021
31 Dec 2020
£
£
26,283,542
21,963,032
564,714
498,078
-
4
-
-
1
1
26,848,257
22,461,115
414,455
366,205
95,061
91,108
570,787
613,117
2,246,882
1,877,700
3,327,185
2,948,130
(1,167,379)
(1,345,829)
2,159,806
1,602,301
29,008,063
24,063,416
(19,297)
(23,247)
(114,286)
(180,000)
28,874,480
23,860,169
(4,934,000)
(7,051,000)
23,940,480
16,809,169
786,458
949,699
24,624,496
20,250,496
(4,934,000)
(7,051,000)
-
-
958,817
168,786
20,649,313
13,368,282
693,294
678,915
21,342,607
14,047,197
1,659,045
1,712,535
152,370
99,738
1,811,415
1,812,273
23,154,022
15,859,470
23,940,480
16,809,169		 CILIP GROUP
CILIP GROUP
Restated
31 Dec 2021
31 Dec 2020
£
£
26,283,542
21,963,032
564,714
498,078
-
4
-
-
1
1
26,848,257
22,461,115
414,455
366,205
95,061
91,108
578,455
585,362
2,249,062
1,877,700
3,337,033
2,920,375
(1,182,979)
(1,345,829)
2,154,054
1,574,546
29,002,311
24,035,661
(19,297)
(23,247)
(114,286)
(180,000)
28,868,728
23,832,414
(4,934,000)
(7,051,000)
23,934,728
16,781,414
786,458
949,699
24,624,496
20,250,496
(4,934,000)
(7,051,000)
(5,752)
(27,754)
958,817
168,785
20,643,561
13,340,527
693,294
678,915
21.336,855
14,019,442
1,659,045
1,712,535
152,370
99,738
1,811,415
1,812,273
23,148,270
15,831,715
23,934,728
16,781,414

The notes on pages 38 to 62 form part of these financial statements approved by the Board on 12 Oct 2022 Signed on behalf of the Board by:

Sue Lacey Bryant ~~Susan Lacey Bryant~~ Sue Lacey-Bryant (Oct 12, 2022, 2:37pm) Honorary Chair

36 | CILIP Annual Report & Accounts 2021

CONSOLIDATED CHARITY AND GROUP STATEMENT OF CASHFLOWS For the period ended 31 December 2021

Cash-flow from operating activities:
Net cash provided by operating activities
Cash flows from investing activities
Investment income and bank interest
Purchase of tangible fixed assets
CILIP Pathways Ltd
Cash (outflow) from debt financing
CBIL Loan
Increase in cash
Reconciliation of net (expenditure)/income to net cash
operating activities
Net income/(expenditure) for the reporting period
Depreciation charges
Expenses and net interest costs
Pension contributions paid
(Gains)/losses on investments
CILIP Pathway investment loss
Life members provision in advance
Investment income and bank interest received
(Increase)/Decrease in stocks
Decrease/ (Increase) in debtors
(Decrease)/Increase in creditors
Net cash inflow from operating activities
Change in cash and cash equivalents in the reporting
period
Bank balances and cash in hand
Reconciliation of Net Debts
Cash
Loans due within one year
Loans due after one year
Totals		 2021
£
364,870
41,018
(2,556)
(25,574)
(6,396)
371,362
flow from
299,314
56,046
554,000
(191,000)
(114,886)
5,752
(3,950)
(41,019)
(3,953)
42,355
(237,769)
364,870
At
1 January
2021
Change
In cash
£
£
1,877,700
371,362		 2020
£
951,765
49,586
(18,200)
27,754
-
1,010,905
(133,669)
70,465
331,000
(82,000)
181,041
27,754
(4,365)
(49,585)
52,900
(60,070)
618,294
951,765


At
31 December
2021
£
2,249,063
At
1 January
2021
Cash
flow
1,877,700
371,362
(60,000)
2,857
(180,000)
65,714

At
31 December
2021
2,249,062
(57,143)
(114,286)
1,637,700
439,933		 2,077,633

The notes on pages 38 to 62 form part of these financial statements.

37 | CILIP Annual Report & Accounts 2021

Notes to the Accounts

1. ACCOUNTING POLICIES

1.1 Basis of accounting

The consolidated 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) (effective 1 January 2019) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

CILIP’s functional currency is pounds sterling and the address is 7 Ridgmount street, London WC1E 7AE.

CILIP is a charity under Royal Charter and 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 note(s).

The consolidated financial statements presented show the consolidated statement of financial activities, balance sheet and cash flows of the CILIP Group for the year ended 31 December 2021. The CILIP Group financial statements consolidate the accounts of CILIP as a charity and CILIP Pathways Ltd wholly owned trading subsidiary on a line-byline basis.

Going concern

These financial statements are prepared on the going concern basis. The trustees has considered the impact of the COVID-19 crisis on the going concern assumptions. The Finance and Audit Risk committee has reviewed and approved a detailed impact assessment presented by the Chief Executive Officer, Director of Transformation and Head of Finance on 30[th] June 2022.

Although the most severe implications of the COVID-19 pandemic appear to have passed in the UK, there are still some uncertainties about the long term effect on income. Trustees are satisfied that an effective plan and risk controls are in place to enable the organisation to transition from its existing premises at 7 Ridgmount Street to a stable future operating model.

Having reviewed the funding facilities available to CILIP together with the expected future cash flows in financial years 2022 and 2023, the Trustees have a reasonable expectation that CILIP has adequate resources to continue its activities for the foreseeable future and consider that there were no material uncertainties over CILIP’s financial viability. Accordingly, the trustees are of the view that CILIP is a going concern.

The particular accounting policies adopted by the Trustees described below and have been applied consistently throughout the current and preceding year.

1.2 Income

All income is included in the Statement of Financial Activities (SOFA) when CILIP is legally entitled to them as income or capital respectively, ultimate receipt is reasonably certain and the amount to be recognised quantified with reasonable accuracy.

38 | CILIP Annual Report & Accounts 2021

1.3 Expenditure and irrecoverable VAT

Building costs Square footage occupied ICT and Personnel costs Per Capita basis Finance costs Estimated time spent Governance costs Proportion of total charitable expenditure and cost of raising fund

Governance costs relate to the organisational administration in compliance with constitutional and statutory requirements.

Costs of raising funds are primarily those incurred in raising funds for CILIP’s charitable activities.

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

1.4 Operating leases

Rental incomes under operating leases where substantially all of the benefits and risks of ownership remain with the lessors are recognised in the statement of financial activities as income.

1.5 Employee benefits

Short term benefits

Short term benefits including holiday pay are recognised as an expense in the period in which the service is received.

39 | CILIP Annual Report & Accounts 2021

Employee termination benefits

Termination benefits are accounted for on an accruals basis and in line with FRS 102.

1.6 Tangible fixed assets and depreciation

Freehold property: revaluation to market value every year has been adopted. In any accounting period where a revaluation is not undertaken an impairment review will be conducted and provision would be made for any impairment.

Depreciation: is charged at the following rates, which are expected to reduce the assets to their net realisable values over their expected lives:

Furniture, fixtures and equipment 20% per annum on cost Computers and programs 25% per annum on cost Plant and machinery Various rate

All tangible fixed assets are capitalised, subject to a cost threshold of £1,000.

1.7 Investments

Investments are listed on a recognised stock exchange and stated at fair value at the balance sheet date. The Statement of Financial Activities includes the net gains and losses arising on revaluations and disposals throughout the year.

1.8 Stocks

Stocks are valued at the lower of cost and net realisable value after making allowance for any obsolete or slow moving items. In the case of work in progress and finished goods, costs consists of direct materials, direct labour and attributable overheads. Net realisable value means estimated selling price less all further costs to completion and all costs to be incurred in marketing, selling and distribution.

1.9 Financial instruments

CILIP has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Fixed assets are recorded at depreciated historical cost and investments are recorded at fair value, being the closing market value, with unrecognised gains or losses being posted to the SOFA. All other assets and liabilities are recorded at cost which is their fair value.

1.10 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

1.11 Cash at bank and in hand

Cash at bank and in hand includes cash and short term deposits with a short maturity of three months or less from the date of opening of the deposit or similar account.

1.12 Creditors and Provisions

Creditors and provisions are recognised when CILIP 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.

40 | CILIP Annual Report & Accounts 2021

1.14 Accounting judgements and estimates

1.15 CILIP operates two pension schemes:

1.15.1 CILIP operates a defined benefit pension scheme on behalf of employees.

The assets of the scheme are held separately from those of CILIP in an independently administered fund. The scheme is funded by contributions from the employer in accordance with the recommendations of independent qualified actuaries on the basis of triennial valuations. The Pensions Act 2004 sets out a statutory funding objective: that every pension scheme must have sufficient and appropriate assets to cover its funding target (referred to in legislation as Technical Provisions) and if there is a shortfall the trustees and the employer are required to agree a Recovery Plan to make this good. The Pension Scheme trustees have accepted a charge of the full value of the building secured on the freehold property against the shortfall. The pension scheme was closed to new members on 1 April 2009 and was closed to existing members for further accruals from 31 March 2011.

For CILIP’s defined benefit pension scheme the amounts charged in arriving at net income/ (expenditure) in the Statement of Financial Activities are the expenses and net interest costs & income, employer’s contributions and benefits paid. Actuarial gains and losses are also recognised in the SOFA together with other recognised gains and losses. Further details of the defined benefit pension scheme are set out in note 22.

1.15.2 CILIP also operates a defined contribution pension scheme

41 | CILIP Annual Report & Accounts 2021

2A CHARITY – 2021 STATEMENT OF FINANCIAL ACTIVITIES

Notes
INCOME
Income from charitable activities
Members’ subscriptions
Training, Events, Conferences
Publications
Professional Services
Income from trading activities
Rent & Service charge
Income from grants, donations and legacies
Grant-Coronavirus Job Retention scheme
Grant-Govt.CBIL loan interest paid
Grant-Government Recovery fund scheme
Grant-Others
Donations from individuals
Legacies
Income from investment
Income from quoted investments and bank
interest
3
TOTAL INCOME
EXPENDITURE
Expenditure on charitable activities
Training, Events & Conferences
Publications
Professional services
Expenditure on raising funds
Services to tenants
TOTAL EXPENDITURE
4
Net income/(expenditure) before
investment gains and losses
Net gain/(losses) on investment assets
10
NET INCOME / (EXPENDITURE)
Transfers between funds
18
Other recognised gains/(losses)
Revaluation of tangible fixed assets
9
Actuarial gains/(losses) on defined benefit
scheme
22
NET MOVEMENT IN FUNDS
Total funds brought forward
Prior year adjustments
27
Updated brought forward balance
Total Fund carried forward		 Unrestricted funds
Restricted
Total
Total
Central
operations
Member
Networks
Designated
fund
funds
2021
2020
Restated
£
£
£
£
£
£
1,186,537
-
-
-
1,186,537
1,009,480
258,479
70,064
-
-
328,543
273,417
622,367
19,696
-
-
642,063
555,142
126,226
51,046
17,628
43,209
238,109
262,404
2,193,609
140,806
17,628
43,209
2,395,252
2,100,443
815,605
-
-
-
815,605
878,081
23,096
-
-
-
23,096
159,807
4,535
4,535
-
-
-
-
620,000
620,000
623,000
-
-
-
131,000
131,000
70,500
2,028
-
-
-
2,028
23,238
-
-
-
-
-
41,665
19,957
2,321
-
18,740
41,018
49,585
3,058,830
143,127
17,628
812,949
4,032,534
3,946,319
152,553
1,836
-
-
154,389
(243,858)
314,461
4,337
-
-
318,798
(443,752)
1,937,208
122,575
56,046
1,042,826
3,158,655
(2,944,283)
2,404,222
128,748
56,046
1,042,826
3,631,842
(3,631,893)
238,267
-
-
-
238,267
(239,300)
2,642,489
128,748
56,046
1,042,826
3,870,109
(3,871,193)
416,341
14,379
(38,418)
(229,877)
162,425
75,126
48,250
-
-
66,636
114,886
(181,041)
464,591
14,379
(38,418)
(163,241)
277,311
(105,915)
(37,560)
-
37,560
-
-
-
4,374,000
-
-
-
4,374,000
676,000
2,480,000
-
-
-
2,480,000
(1,032,000)
7,281,031
14,379
(858)
(163,241)
7,131,311
(461,915)
13,368,282
678,915
1,812,273
949,699
16,809,169
17,325,118
-
-
-
-
-
(54,034)
13,368,282
678,915
1,812,273
949,699
16,809,169
17,271,084
20,649,313
693,294
1,811,415
786,458
23,940,480
16,809,169

42 | CILIP Annual Report & Accounts 2021

2B CHARITY COMPARATIVE – 2020 STATEMENT OF FINANCIAL ACTIVITIES - restated

Notes
INCOME
Income from charitable activities
Members’ subscriptions
Training, Events, Conferences
Publications
Professional Services
Income from trading activities
Rent & Service charge
Income from grants, donations and legacies
Grant-Coronavirus Job Retention scheme
Grant-Government Recovery fund scheme
Grant-Others
Donations from individuals
Legacies
Income from investment
Income from quoted investments and bank
interest
3
TOTAL INCOME
EXPENDITURE
Expenditure on charitable activities
Training, Events & Conferences
Publications
Professional services
Expenditure on raising funds
Services to tenants
TOTAL EXPENDITURE
4
Net income/expenditure before
investment gains and losses
Net (losses)/gains on investment assets
10
NET (EXPENDITURE) /INCOME
Transfers between funds
18
Other recognised gains/(losses)
Revaluation of tangible fixed assets
9
Actuarial (losses)/gains on defined benefit
scheme
22
NET MOVEMENT IN FUNDS
Total funds brought forward
Prior year adjustment
27
Updated total funds brought forward
Total Fund carried forward		 Unrestricted funds
Restricted
Total
Total
Central
operations
Member
Networks
Designated
fund
funds
2020
2019
£
£
£
£
£
£
1,009,480
-
-
-
1,009,480
1,040,172
250,812
22,605
-
-
273,417
699,466
532,342
22,800
-
-
555,142
805,019
162,781
99,623
-
-
262,404
166,409
1,955,415
145,028
-
-
2,100,443
2,711,066
878,081
-
-
-
878,081
973,372
159,807
-
-
-
159,807
-
-
-
-
623,000
623,000
-
-
-
-
70,500
70,500
167,500
23,098
-
140
-
23,238
280
41,665
-
-
-
41,665
-
19,050
13,554
-
16,981
49,585
66,956
3,077,116
158,582
140
710,481
3,946,319
3,919,174
(143,006)
(100,852)
-
-
(243,858)
(470,904)
(438,761)
(4,991)
-
-
(443,752)
(403,953)
(2,393,211)
(75,208)
(70,465)
(405,399)
(2,944,283)
(2,954,513)
(2,974,978)
(181,051)
(70,465)
(405,399)
(3,631,893)
(3,829,370)
(239,300)
-
-
-
(239,300)
(264,575)
(3,214,278)
(181,051)
(70,465)
(405,399)
(3,871,193)
(4,093,945)
(137,162)
(22,469)
(70,325)
305,082
75,126
(174,771)
(76,488)
-
-
(104,553)
(181,041)
192,118
(213,650)
(22,469)
(70,325)
200,529
(105,915)
17,347
(53,204)
-
53,204
-
-
-
676,000
-
-
-
676,000
(9,060,000)
(1,032,000)
-
-
-
(1,032,000)
(630,000)
(622,854)
(22,469)
(17,121)
200,529
(461,915)
(9,672,653)
14,045,169
701,384
1,829,394
749,170
17,325,117
26,997,771
(54,034)
-
-
-
(54,034)
-
13,991,136
701,384
1,829,394
749,170
17,271,084
26,997,771
13,368,282
678,915
1,812,273
949,699
16,809,169
17,325,117

43 | CILIP Annual Report & Accounts 2021

3 INVESTMENT INCOME AND BANK INTEREST – GROUP

Investment
income
Bank
interest
Totals		 2021
Unrestricted fund
Central
operatio
n
Member
Network
Designated
fund
Restricted
fund
Total
£
£
£
£
£
19,660
2,321
-
18,735
40,716
297
-
-
5
302
19,957
2,321
-
18,740
41,018		 2020
Unrestricted fund
Central
operatio
n
Member
Networks
Designated
fund
Restricted
fund
Total
£
£
£
£
£
18,082
7,350
-
16,960
42,392
968
6,204
-
21
7,193
19,050
13,554
-
16,981
49,585

4 TOTAL EXPENDITURE – GROUP

Charitable activities
Training, Events & Conferences
Publications
Professional services
Total Charitable expenditure
Cost of raising funds
CILIP Pathways ltd
Services to tenants
Total Expenditure		 Direct costs
Support costs
Totals 2021
£
£
£
128,939
25,450
154,389
256,460
62,338
318,798
2,657,030
501,625
3,158,655
3,042,429
589,413
3,631,842
36,998
-
36,998
-
238,267
238,267
3,079,427
827,680
3,907,107		 Totals 2020
Restated
£
243,858
443,752
2,944,283
3,631,893
27,754
239,300
3,898,947

In 2021 Professional services includes net defined benefit pension costs of £363,000 in 2020 it was £249,000.

4B COMPARATIVE 2020 TOTAL EXPENDITURE – GROUP (RESTATED)

Charitable activities
Training, Events & Conferences
Publications
Professional services
Total Charitable expenditure
Cost of raising funds
CILIP Pathways ltd
Services to tenants
Total Expenditure		 Direct costs
Support
costs
Totals
2020
£
£
£

217,546
26,312
243,858
377,421
66,331
443,752
2,426,061
518,222
2,944,283
3,021,028
610,865
3,631,893
27,754
-
27,754
-
239,300
239,300
3,048,782
850,165
3,898,947		 Totals 2019
£
470,904
403,953
2,954,513
3,829,370
264,575
4,093,945

In 2020 Professional services includes net defined benefit pension costs of £249,000 in 2019 it was £7,000.

44 | CILIP Annual Report & Accounts 2021

5 SUPPORT COSTS - GROUP

Training, Events &
Conferences
Publications
Professional services
Services to tenants
Total Support Costs
2020 Support costs		 Finance
Personnel
Building
ICT
Governance
Total 2021
£
£
£
£
£
£
5,502
6,086
1,243
9,521
3,098
25,450
14,671
12,173
3,718
25,390
6,386
62,338
132,042
69,992
16,840
244,382
38,369
501,625
5,502
-
218,502
9,521
4,742
238,267
157,717
88,251
240,303
288,814
52,595
827,680
153,883
113,261
242,500
287,338
53,183
850,165		 Total
2020
£
26,312
66,331
518,222
239,300
850,165

5B COMPARATIVE 2020 SUPPORT COSTS - GROUP

Training, Events &
Conferences
Publications
Professional services
Services to tenants
Total Support Costs
2019 Support costs		 Finance
Personnel
Building
ICT
Governance
£
£
£
£
£
5,368
7,811
1,254
9,473
2,406
14,315
15,622
3,752
25,260
7,382
128,832
89,828
16,994
243,132
39,436
5,368
-
220,500
9,473
3,959
153,883
113,261
242,500
287,338
53,183
179,020
134,670
263,399
342,965
101,241		 Total 2020
£
26,312
66,331
518,222
239,300
850,165
1,021,295		 Total
2019
£
36,278
80,906
639,536
264,575
1,021,295

Basis for the support cost allocation

Support costs allocated to activities as follows:

Square footage occupied (includes insurance, lighting, heating, maintenance, cleaning and reception costs)

Building costs Square footage occupied (includes insurance, lighting, heating, maintenance, cleaning and reception costs) ICT and Human resources costs Per Capita basis Finance costs Estimated time spent Governance cost Proportion of total charitable and cost of raising funds

6 STAFF COSTS – GROUP

Wages and salaries
Social Security costs
Pension costs
Redundancy costs		 2021
2020
£
£
1,619,592
1,565,502
153,456
148,258
693,160
463,924
-
6,563
2,466,208
2,184,247

45 | CILIP Annual Report & Accounts 2021

In addition, to the staff costs above, CILIP in 2021 used the services of agency staff whilst awaiting the recruitment to vacant posts making a total cost of £6,059 (2020: £34,126).

The number of employees whose emoluments exceeded £60,000 in the year was:

£60,001 to £70,000
£80,001 to £90,000
Total		 2021
2020
Number
Number
-
-
1
1
1
1

Employer’s pension contribution for higher earners totalled £9,864 (2020: £6,439).

The key management personnel of CILIP, comprises the trustees, member network committee members, the Chief Executive Officer, Chief Operating Officer, Director of Transformation, Chief Development officer and the rest of the senior leadership team. The total employee benefits for the key management personnel were £663,136 (2020: £586,806). No trustee and member network committee members received any remuneration from CILIP.

The average monthly employee head count was 47 (2020: 46) and the average number of full time equivalent analysed by function, was:

Business services
Professional services
Support services		 2021
2020
Number
Number
7
7
33
32
2
2
42
41

7 TRUSTEES’ REMUNERATION AND EXPENSES – GROUP

No trustee has received any remuneration from CILIP during the year (2020: nil). Expenses totalling £nil (2020: £30) were reimbursed to trustees for travel, subsistence, amounts directly paid to third parties and other out-of-pocket costs incurred in attending meetings. During the year the charity paid £2,070 (2020: £1,232) in respect of trustees’ indemnity insurance on behalf of the trustees. See Related Parties note 24 for arm’s length payments to trustees.

8 NET EXPENDITURE FOR THE YEAR – GROUP

Net outgoing expenditure from operations for the year are stated after charging:
Auditors' remuneration:
Fees payable to CILIP’s auditors for the audit of the annual accounts
Fees payable to CILIP’s auditors for the audit of CILIP Pathways accounts
Fees payable to CILIP’s auditors for the audit of CILIP Benevolent Fund annual accounts
Depreciation of tangible fixed assets:		 2021
£
15,000
2,150
1,000
18,150
56,046		 2020
£
22,900
780
23,680
70,465

46 | CILIP Annual Report & Accounts 2021

9 TANGIBLE FIXED ASSETS – CHARITY AND GROUP

Cost or valuation
At 1 January 2021
Additions in the year
Revaluation
At 31 December 2021
Depreciation
At 1 January 2021
Charge for the year
At 31 December 2021
Net book value
At 1 January 2021
At 31 December 2021		 Freehold land
and buildings
Furniture,
fixtures and
equipment
Computers
and programs
Web
enhancement
Total
£
£
£
£
£
21,876,000
202,822
352,771
302,218
22,733,811
-
-
2,556
-
2,556
4,374,000
-
-
-
4,374,000
26,250,000
202,822
355,327
302,218
27,110,367
-
180,485
334,251
256,043
770,779
-
2,234
7,637
46,175
56,046
-
182,719
341,888
302,218
826,825
21,876,000
22,337
18,520
46,175
21,963,032
26,250,000
20,103
13,439
-
26,283,542

The historic cost of freehold land and buildings was £1,625,504. In March 2012, the charge over the freehold and buildings in favour of the CILIP Pension and Assurance Scheme increased to the full value. The freehold land and buildings value stated above based on Gerald Eve LLP valuation as at 31[st] December 2021.

9B COMPARATIVE 2020 TANGIBLE FIXED ASSETS – CHARITY AND GROUP

Cost or valuation
At 1 January 2020
Additions in the year
Revaluation
At 31 December 2020
Depreciation
At 1 January 2020
Charge for the year
At 31 December 2020
Net book value
At 1 January 2020
At 31 December 2020		 Freehold land
and buildings
Furniture,
fixtures and
equipment
Computers
and programs
Web
enhancement
Total
£
£
£
£
£
21,200,000
202,822
334,571
302,218
22,039,611
-
-
18,200
-
18,200
676,000
-
-
-
676,000
21,876,000
202,822
352,771
302,218
22,733,811
-
178,184
321,499
200,631
700,314
-
2,301
12,752
55,412
70,465
-
180,485
334,251
256,043
770,779
21,200,000
24,638
13,072
101,587
21,339,297
21,876,000
22,337
18,520
46,175
21,963,032

47 | CILIP Annual Report & Accounts 2021

10 INVESTMENTS – CHARITY AND GROUP

Quoted Investments
Fixed Asset Long term Investments
Market value at 1 January
Unrealised (losses)/gains on revaluation of investment portfolio
Market value at 31 December
Historical Cost at 31 December
Fixed Asset Short term Investments
Market value at 1 January
Unrealised (losses)/gains on revaluation of investment portfolio
Market value at 31 December
Historical Cost at 31 December
Long and Short term investment holdings over 5%
2021
2021
M&G Charifund
61,016 units
£979,169
Unlisted subsidiary –
Library Association Publishing Limited
Nil-dissolved
Nil-dissolve		 2021
£
498,078
66,636
564,714
233,715
366,205
48,250
414,455
189,315
d		 2020
£
599,935
(101,857)
498,078
233,715
445,389
(79,184)
366,205
189,315
2020
2020
61,016 units
£864,283
3 units
£99

11 INVESTMENT IN SUBSIDIARY COMPANIES

At 31 December 2021 and 31 December 2020 the institute held the following investments:

Name of Company Country of Holding Proportion Nature of
registration And operation business
CILIP Pathways Limited England Company limited by 100% Apprenticeship
Guarantee and not having assessment
a share capital
Library Association Publishing Limited England Ordinary shares 100% Dissolved 2021
Clive Bingley Limited England Ordinary shares 100% Dissolved 2021

The shares in Clive Bingley Limited are held by Library Association Publishing Limited.

The aggregate of the share capital and reserves are stated below:

Dissolved 2020
2021
£ £
Library Association Publishing Limited - (137,045)
Clive Bingley Limited - 702

As full provision has been made in these accounts for the deficiency in Library Association Publishing limited, the latter’s accounts have not been consolidated into CILIP’s figures.

48 | CILIP Annual Report & Accounts 2021

Other investments:

Library Services Limited

At 31 December 2021 and at 31 December 2020, CILIP held one share, out of 1,000 shares issued, in Library Services Limited.

CILIP Pathways Limited (registered company no: 12497166)

CILIP Pathways Limited incorporated on 4[th] March 2020 as a trading subsidiary of the parent charity, CILIP. CILIP Pathways Ltd was set up to conduct assessment of apprenticeships. The customers are the employers of apprentices, the apprentices and apprenticeship-training providers.

Details of the trading activities are set out below:

Turnover
Cost of sales
Gross Profit
Administration expenses
Other operating income
Operating Profit/(loss)
Loss carried forward against future profit
Taxation
(Loss) after tax
Summarised statement of financial position:
Debtors
Cash
Current assets
Creditors: falling due within one year
Creditors and accrued charges
Provision for liabilities and charges
Total net assets
Capital and reserves
12
STOCK – CHARITY AND GROUP
Finished books
Work in progress books
Total stocks		 Pathways Ltd
2021
£
54,000
(9,322)
44,678
(27,676)
5,000
22,002
(27,754)
(5,752)
-
(5,752)
2021
£
7,668
2,180
9,848
(15,600)
-
(5,752)
(5,752)
2021
£
83,666
11,395
95,061		 Pathways Ltd
2020
£
-
-
-
(27,754)
-
(27,754)
-
(27,754)
-
(27,754)
2020
£
-
-
-
(27,754)
-
(27,754)
(27,754)
2020
£
88,486
2,622
91,108

49 | CILIP Annual Report & Accounts 2021

13 DEBTORS

Amounts due within one year:
Trade debtors
Prepayment
Other debtors
Total debtors
14
CREDITORS		 Group
2021
Charity
2021
Group
2020
Charity
2020
£
£
£
£
310,692
310,692
340,248
340,248
34,599
34,599
43,798
43,798
233,164
225,496
201,316
229,071
578,455
570,787
585,362
613,117
Amounts falling due within one year:
Trade creditors
Other taxes and social security
Other creditors
CBIL Loan
Deferred income (see below)
Accruals
Total creditors		 Group
2021
Charity
2021
Group
2020
Restated
Charity
2020
Restated
£
£
£
£
538,271
538,271
340,743
340,743
44,224
44,224
52,216
52,216
40,318
24,718
369,254
369,254
57,143
57,143
60,000
60,000
361,296
361,296
351,743
351,743
141,727
141,727
171,873
171,873
1,182,979
1,167,379
1,345,829
1,345,829

Other creditors in 2020 includes £337,000 owed to the Defined benefit pension scheme. In 2021, £300,000 grant received from the Government continuity fund was used to part settled the debt and CILIP paid the remaining £37,000.

CBIL loan was used to supplement CILIP’s operations between June and September 2020 due to the impact of the pandemic on CILIP’s income. The loan is repayable over forty two months and the interest rate is 1.85% above the bank of England base rate.

Amount due within one year
Amount due one to two years
Amount due within two to five years		 2021
2020
£
£
57,143
60,000
114,286
60,000
-
120,000
171,429
240,000

Deferred income reconciliation – charity and group - restated

Rental income
Conference income
Training income
Membership subscription
Lift replacement income (note 27)		 At 1 January 2021
Amount
released
Amount deferred
At 31 December 2021
£
£
£
£
125,807
(125,807)
126,973
126,973
225
(225)
6,005
6,005
12,395
-
376
12,771
159,282
54,034
(159,282)
-
161,513
-
161,513
54,034
351,743
(285,314)
294,867
361,296

Deferred income comprises advance rental, conference, training vouchers and membership income. Deferred income released and deferred in 2021 analysed above.

50 | CILIP Annual Report & Accounts 2021

15 FINANCIAL INSTRUMENTS

Financial assets measured at fair value (a)
Financial assets measured at amortised cost (b)
Financial liabilities measured at amortised cost (c)
Net financial assets measured at amortised cost		 Group
2021
Charity
2021
Group
2020
Restated
Charity
2020
Restated
£
£
£
£
979,169
979,169
864,283
864,283
2,792,918
2,783,071
2,419,265
2,447,019
(1,081,612)
(1,123,155)
(1,267,,333)
(1,239,579)
2,690,475
2,639,084
2,016,215
2,071,723

(a) Financial assets measured at fair value include investments.

(b) Financial assets measured at amortised cost include: short term deposits, cash in hand, trade debtors and other debtors.

(c) Financial liabilities measured at amortised cost include trade creditors, other creditors and accruals.

16 RESTRICTED FUNDS – CHARITY AND GROUP

Mitchell Memorial Fund
Anthony Thompson Scholarship Fund
Arundell Esdaile Memorial Fund
Catherine Hamilton Memorial Prize
K Pierce - legacy
F Robinson - legacy
Colin Mears – legacy
D Chilcot – legacy
Bob McKee-CILIP/IFLA Award
Foyle Foundation
ACE-Working internationally project
ACE-Independent review of Public Library
Financing
Govt-COVID19 Recovery Fund
Govt-COVID19 2ndRound Recovery Fund
Govt-COVID19 Continuity Fund
ACE-Future skills in Public Libraries
ACE-Working internationally Phase2
Workforce mapping project
Designing Libraries
GA Cooks legacy – CILIP Cymru
Total Restricted Funds		 At 1 January
2021
Income
Expenditure
net
gains
Transfer
At 31
December
2021
£
£
£
£
£
£
8,953
-
(179)
-
-
8,774
8608
406
(200)
1,009
-
9,823
2,474
106
(57)
262
-
2,785
1,743
-
(623)
-
-
1,120
10,143
434
(233)
1,076
-
11,420
12,495
534
(276)
1,326
-
14,079
344,864
17,260
(16,146)
42,819
-
388,797
13,941
-
(279)
-
-
13,662
101
-
(2)
-
-
99
6,034
-
(6,034)
-
-
62,336
15,000
(77,336)
-
-
-
18,000
-
(12,025)
-
-
5,975
309,436
-
(309,436)
-
-
-
-
320,000
(320,000)
-
-
-
-
300,000
(300,000)
-
-
-
-
80,000
-
-
-
80,000
36,000
-
-
-
36,000
-
39,000
-
-
-
39,000
-
4,209
-
-
-
4,209
799,128
812,949
(1,042,826)
46,492
-
615,743
150,571
-
-
20,144
-
170,715
949,699
812,949
(1,042,826)
66,636
-
786,458

51 | CILIP Annual Report & Accounts 2021

16B COMPARATIVE 2020 RESTRICTED FUNDS – CHARITY AND GROUP

Mitchell Memorial Fund
Anthony Thompson Scholarship Fund
Arundell Esdaile Memorial Fund
Catherine Hamilton Memorial Prize
K Pierce - legacy
F Robinson - legacy
Colin Mears – legacy
D Chilcot – legacy
Bob McKee-CILIP/IFLA Award
Foyle Foundation
ACE-Every Library data driven project
ACE-Working internationally project
ACE-Independent review of Public
Library Financing
ACE-Recovery Fund
GA Cooks legacy – CILIP Cymru
Total Restricted Funds		 At 1 January
2020
Income
Expenditure
net
gains
Transfer
At 31
December
2020
£
£
£
£
£
£
9,734
2
(783)
-
-
8,953
10,001
365
(176)
(1,582)
-
8608
2,842
95
(51)
(412)
-
2,474
1,779
-
(36)
-
-
1,743
11,646
393
(207)
(1,689)
-
10,143
14,346
484
(255)
(2,080)
-
12,495
413,267
15,637
(16,857)
(67,183)
-
344,864
14,221
5
(285)
-
-
13,941
103
-
(2)
-
-
101
6,157
-
(123)
-
6,034
16,283
8,500
(24,783)
-
66,613
44,000
(48,277)
-
-
62,336
-
18,000
-
-
-
18,000
-
623,000
(313,564)
-
-
309,436
566,992
710,481
(405,399)
(72,946)
-
799,128
182,178
-
-
(31,607)
-
150,571
749,170
710,481
(405,399)
(104,553)
-
949,699

The Mitchell Memorial Fund provides loans to members to fund full or part-time study to further their careers. CILIP’s Board of Trustees merged Henrik Jones Memorial Prize with the Mitchell Memorial fund in 2017 because postgraduate course no longer offered at the University of Brighton.

Anthony Thompson Scholarship Fund enables a qualified library and information professional from outside the UK to visit and study some aspects of UK library and information work for two to three weeks. The International Library and Information Group (CILIP special interest group) manage the award for CILIP.

Arundell Esdaile Memorial Fund was set up to endow a lecture given periodically on librarianship and bibliography. Only the interest from the fund may be used.

Catherine Hamilton Memorial Prize awarded for the most outstanding Master’s dissertation in the broad area of information retrieval or electronic text management.

K Pierce – legacy assists librarians to carry out engagements which would further the interests of librarianship in attending conferences overseas (not IFLA).

F Robinson – legacy was set up to reward innovation in library administration and particularly aimed at para professionals. Only the interest from the fund may be used.

The Colin Mears legacy provides funds for the Colin Mears Awards for the illustration of children’s books.

The D Chilcot legacy provides funds to be utilised for information facilities at CILIP and education purposes.

Bob McKee-CILIP/IFLA Aspire award helps new professionals develop through networking at UK and international events. IFLA provides an international bursary to support new professionals.

Foyle Foundation; provided the grant to commission a research to look into the level of school library provision in the UK.

ACE, working internationally project; this is a two-year programme to promote international working for public libraries in England.

52 | CILIP Annual Report & Accounts 2021

Arts Council England (ACE) grant given for the independent review of Public Libraries financing.

Govt-1[st] &2[nd] COVID19 Recovery Fund; was given by the government towards CILIP sustainability due to the impact of COVID19 lock down on CILIP’s operations.

Govt-COVID19 Continuity fund grant given to part-settled the Defined Benefit Pension debt incurred due to the impact of the pandemic lockdown.

ACE-Future skills in Public libraries grant given for the Induction pack and digital skills training for public libraries workforce.

ACE-Working internationally Phase 2 grant given to continue to develop international working for public libraries in England.

Workforce mapping project is a consortium of organisations embarking on mapping libraries and information manager’s workforce within the United Kingdom.

Designing Libraries is a Community Interest Company that CILIP currently supports until they are able to operate independently.

The GA Cooks legacy; was donated for use by the Welsh Member Network of CILIP.

17 DESIGNATED FUNDS – CHARITY AND GROUP

The following designated funds have been set aside out of unrestricted funds for specific purposes:

Fixed asset Reserve
Development fund		 At
1 January
2021
Income
Expenditure
Transfer
At
31 December
2021
£
£
£
£
1,712,535
-
(56,046)
2,556
1,659,045
99,738
17,628
-
35,004
152,370
1,812,273
17,628
(56,046)
37,560
1,811,415

17B COMPARATIVE 2020 DESIGNATED FUNDS – CHARITY AND GROUP

Fixed asset Reserve
Development fund		 At
1 January
2020
Income
Expenditure
Transfer
At
31 December
2020
£
£
£
£
1,764,800
-
(70,465)
18,200
1,712,535
64,594
140
-
35,004
99,738
1,829,394
140
(70,465)
53,204
1,812,273

The fixed asset reserve is established to represent the net book value of fixed assets, which is not attributable to other reserves, it excludes the revaluation reserve on the building.

The development reserve has been set aside for a number of one-off projects to enhance the effectiveness of CILIP services for its members.

53 | CILIP Annual Report & Accounts 2021

18 TRANSFER BETWEEN FUNDS

Fixed Asset
transfer
Development
fund transfer
Totals		 2021
Unrestricted fund
Central
operations
Member
Networks
Designated
fund
Restricted
fund
£
£
£
(2,556)
-
2,556
-
(35,004)
-
35,004
-
(37,560)
-
37,560
-		 2020
Unrestricted fund
Central
operations
Member
Networks
Designated
fund
Restricted
fund
£
£
£
(18,200)
-
18,200
-
(35,004)
-
35,004
-
(53,204)
-
53,204
-

In 2021 and 2020, fixed asset acquisitions transferred from central operations to designated funds. In 2021 and 2020, funds transferred from central operations to designated fund to cover the costs of major works on the central office building.

19 UNRESTRICTED FUNDS

Group Unrestricted funds
Revaluation Reserve
Pension Reserve (note 20)
Central operations fund
CILIP Pathways ltd funds
Member Networks
Charity Unrestricted funds
Revaluation Reserve
Pension Reserve (note 20)
Central operations fund
Member Networks		 At
1 January
2021
Restated
Income
Expenditure
Gains
Transfers
At
31 December
2021
£
£
£
£
£
£
20,250,496
-
-
4,374,000
-
24,624,496
(7,051,000)
-
(363,000)
2,480,000
-
(4,934,000)
168,786
3,058,829
(2,279,489)
48,251
(37,560)
958,817
(27,754)
59,000
(36,998)
-
-
(5,752)
678,915
143,127
(128,748)
-
-
693,294
14,019,443
3,260,956
(2,808,235)
6,902,251
(37,560)
21,336,855
At
1 January
2021
Restated
Income
Expenditure
Gains
Transfers
At
31 December
2021
£
£
£
£
£
£
20,250,496
-
-
4,374,000
-
24,624,496
(7,051,000)
-
(363,000)
2,480,000
-
(4,934,000)
168,786
3,058,829
(2,279,489)
48,251
(37,560)
958,817
678,915
143,127
(128,748)
-
-
693,294
14,047,197
3,201,956
(2,771,237)
6,902,251
(37,560)
21,342,607

54 | CILIP Annual Report & Accounts 2021

19B COMPARATIVE 2020 UNRESTRICTED FUNDS

Group Unrestricted funds - restated
Revaluation Reserve
Pension Reserve (note 20)
Central operations fund
CILIP Pathways ltd funds
Member Networks
Charity Unrestricted funds - restated
Revaluation Reserve
Pension Reserve (note 20)
Central operations fund
Member Networks		 At
1 January
2020
Income
Expenditure
Gains and
(Losses)
Transfers
At
31 December
2020
£
£
£
£
£
£
19,574,496
-
-
676,000
-
20,250,496
(5,770,000)
-
(249,000)
(1,032,000)
-
(7,051,000)
186,640
3,077,118
(2,965,281)
(76,488)
(53,204)
168,785
-
-
(27,754)
-
-
(27,754)
701,384
158,582
(181,051)
-
-
678,915
14,692,520
3,235,700
(3,423,086)
(432,488)
(53,204)
14,019,442
At
1 January
2020
Income
Expenditure
Gains and
(Losses)
Transfers
At
31 December
2020
£
£
£
£
£
£
19,574,496
-
-
676,000
-
20,250,,496
(5,770,000)
-
(249,000)
(1,032,000)
-
(7,051,000)
186,640
3,077,116
(2,965,278)
(76,488)
(53,204)
168,786
701,384
158,582
(181,051)
-
-
678,915
14,692,520
3,235,698
(3,395,329)
(432,488)
(53,204)
14,047,197

20 STATEMENT OF FUNDS

Group statement of funds
Restricted fund
Designated fund
Unrestricted fund
Charity statement of funds
Restricted fund
Designated fund
Unrestricted fund		 At
1 January
2021
Restated
Income
Expenditure
Gains
Transfers
At
31 December
2021
£
£
£
£
£
£
949,699
812,949
(1,042,826)
66,636
-
786,458
1,812,273
17,628
(56,046)
-
37,560
1,811,415
14,019,442
3,260,957
(2,808,235)
6,902,251
(37,560)
21,336,855
16,781,414
4,091,534
(3,907,107)
6,968,887
-
23,934,728
At
1 January
2021
Restated
Income
Expenditure
Gains and
(Losses)
Transfers
At
31 December
2021
£
£
£
£
£
£
949,699
812,949
(1,042,826)
66,636
-
786,458
1,812,273
17,628
(56,046)
-
37,560
1,811,415
14,047,197
3,201,956
(2,771,237)
6,902,251
(37,560)
21,342,607
16,809,169
4,032,533
(3,870,109)
6,968,887
-
23,940,480

55 | CILIP Annual Report & Accounts 2021

20B COMPARATIVE 2020 STATEMENT OF FUNDS

Group statement of funds - restated
.Restricted fund
Designated fund
Unrestricted fund
Charity statement of funds - restated
Restricted fund
Designated fund
Unrestricted fund		 At
1 January
2020
Income
Expenditure
Gains and
(Losses)
Transfers
At
31 December
2020
£
£
£
£
£
£
749,170
710,481
(405,399)
(104,553)
-
949,699
1,829,394
140
(70,465)
-
53,204
1,812,273
14,692,520
3,235,698
(3,423,084)
(432,488)
(53,204)
14,019,442
17,271,084
3,946,319
(3,898,948)
(537,041)
-
16,781,414
At
1 January
2020
Income
Expenditure
Gains and
(Losses)
Transfers
At
31 December
2020
£
£
£
£
£
£
749,170
710,481
(405,399)
(104,553)
-
949,699
1,829,394
140
(70,465)
-
53,204
1,812,273
14,692,520
3,235,698
(3,395,329)
(432,488)
(53,204)
14,047,197
17,271,084
3,946,319
(3,871,193)
(537,041)
-
16,809,169

21 ALLOCATION OF NET ASSETS TO FUNDS

Group allocation of net assets to Funds
Tangible assets
Long term investments
Fixed assets
Current assets
Current liabilities
Long-term liabilities
Net Assets		 Unrestricted
Restricted
Total
Central
operations
Member
Networks
Designated
Funds
Pathways
Limited
Funds
2021
£
£
£
£
£
£
24,624,497
-
1,659,045
-
-
26,283,542
1
-
-
-
564,714
564,715
24,624,498
-
1,659,045
-
564,714
26,848,257
2,072,511
819,763
213,167
9,848
221,744
3,337,033
(1,040,910)
(126,469)
-
(15,600)
-
(1,182,979)
(5,067,583)
-
-
-
-
(5,067,583)
20,588,516
693,294
1,872,212
(5,752)
786,458
23,934,728
Charity allocation of net assets to Funds
Tangible assets
Long term investments
Fixed assets
Current assets
Current liabilities
Long-term liabilities
Net Assets		 £
£
£
£
£
£
24,624,497
-
1,659,045
-
-
26,283,542
1
-
-
-
564,714
564,715
24,624,498
-
1,659,045
-
564,714
26,848,257
2,072,511
819,763
213,167
-
221,744
3,327,185
(1,040,910)
(126,469)
-
-
-
(1,167,379)
(5,067,583)
-
-
-
-
(5,067,583)
20,588,516
693,294
1,872,212
-
786,458
23,940,480

56 | CILIP Annual Report & Accounts 2021

21B COMPARATIVE 2020 ALLOCATION OF NET ASSETS TO FUNDS

Group allocation of net assets to Funds -
restated
Tangible assets
Long term investments
Fixed assets
Current assets
Current liabilities
Long-term liabilities
Net Assets		 Unrestricted
Restricted
Total
Central
operations
Member
Networks
Designated
Funds
Pathways
Limited
Funds
2020
£
£
£
£
£
£
20,250,497
-
1,712,535
-
-
21,963,032
5
-
-
-
498,078
498,083
20,250,502
-
1,712,535
-
498,078
22,461,115
1,536,430
832,586
99,738
-
451,621
2,920,375
(1,164,404)
(153,671)
-
(27,754)
-
(1,345,829)
(7,254,247)
-
-
-
-
(7,254,247)
13,368,281
678,915
1,812,273
(27,754)
949,699
16,781,414
Charity allocation of net assets to Funds -
restated
Tangible assets
Long term investments
Fixed assets
Current assets
Current liabilities
Long-term liabilities
Net Assets		 £
£
£
£
£
£
20,250,497
-
1,712,535
-
-
21,963,032
5
-
-
-
498,078
498,083
20,250,502
-
1,712,535
-
498,078
22,461,115
1,564,185
832,586
99,738
-
451,621
2,948,130
(1,192,158)
(153,671)
-
-
-
(1,345,829)
(7,254,247)
-
-
-
-
(7,254,247)
13,368,282
678,915
1,812,273
-
949,699
16,809,169

22 PENSION COMMITMENTS

CILIP operates two pension schemes;

CILIP’s existing employees were entitled to join the Scottish Widows group stakeholder salary sacrifice pension scheme, which is funded, by 5% of salary contribution from employee and 10% of salary contribution by the employer. New and existing employees who are not in the scheme may join at any time. Staff may opt-out of the scheme at any time.

The amount paid into the scheme by CILIP in 2021 was £141,240 (2020: £130,717). The amount within trade creditors in note 14 above was £18,294 (2020: £16,656).

22.2 A Defined Benefit Pension Scheme in the UK.

This is a separate trustee administered fund, holding the pension scheme assets to meet long term pension liabilities. The results of the most recent triennial actuarial valuation as at 31 December 2019 revealed a funding shortfall of £9,538,000.

To eliminate this funding shortfall, the Pension Trustee and CILIP (the Employer) have agreed that contributions toatalling £9,500,000 will be paid to the Scheme by the Employer on or before 31 December 2022. The funding shortfall is expected to be eliminated within 3 years from 31 December 2019 that is by 31 December 2022.

Contributions of £191,000 paid in 2021 were in accordance with the Recovery Plan agreed after the triennial actuarial valuation as at 31 December 2019. The amount paid in advance for January 2022 within other creditors in note 14 above was £15,000.

The amount within other creditors in note 14 above for 2020 was £337,000 of which £300,000 was paid using the government grant and the remaining £37,000 was paid by CILIP.

57 | CILIP Annual Report & Accounts 2021

Trustees are aware that the volatile investment market is expected to have an impact on the pension scheme in terms of asset values and the measure of liabilities. No information has been received to date as to the quantum of the impact of COVID-19 on the pension scheme, and no requests for any change to deficit funding have been received.

A full actuarial valuation was carried out at 31 December 2019 and updated to 31 December 2021 by a qualified actuary, independent of the scheme’s sponsoring employer. The major assumptions used by the actuary shown below:

2021 2020 2019
Discount rate 1.85% 1.35% 2.15%
Inflation (RPI) 3.40% 2.90% 2.95%
Inflation (CPI) 2.8% 2.3% 2.05%
Allowance for pension in payment increases of RPI 3.40% 2.90% 2.95%
Allowance for pension in payment increases of RPI or 2.5% p.a. if less 2.250% 2.10% 2.15%
Allowance for pension in payment increases of RPI or 3% p.a. if less 2.4% 2.05% 1.90%
Allowance for commutation of pension for cash at retirement 20% 20% 20%

Present values of defined benefit obligation, fair value of assets and defined benefit asset (liability):

2021 2020 2019
£’000 £’000 £’000
Fair value of plan assets 21,989 21,702 20,801
Present value of defined benefit obligations (26,923) (28,753) (26,571)
Surplus (deficit) in plan (4,934) (7,051) (5,770)
Defined benefit asset (liability) to be recognised (4,934) (7,051) (5,770)

Reconciliation of opening and closing balances of the defined benefit obligation:

Defined benefit obligation at start of period
Scheme Administration Expenses
Interest expense
Actuarial losses/(gains)
Benefits paid and expenses
Defined benefit obligation at end of period		 2021
2020
£’000
£’000
28,753
26,571
-
205
383
357
(1,382)
2,500
(831)
(880)
26,923
28,753

Reconciliation of opening and closing balances of the fair value of plan assets:

Fair value of plan assets at start of period
Interest income
Actuarial (losses) gains
Contributions by CILIP
Scheme administration expenses
Benefits paid
Fair value of plan assets at end of period		 2021
2020
£’000
£’000
21,702
20,801
286
436
1,098
1,468
191
82
(457)
(205)
(831)
(880)
21,989
21,702

The actual return on the plan assets over the period ended 31 December 2021 was £1,384,000 in (2020: £1,904,000).

58 | CILIP Annual Report & Accounts 2021

Defined benefit costs recognised in statement of financial activities:

Scheme administration expenses
Net interest on the defined benefit liability
Fair value of plan assets at end of period		 2021
2020
£’000
£’000
(457)
205
(97)
126
(554)
331

Defined benefit costs recognised in other comprehensive income:

efined benefit costs recognised in other comprehensive income:
Gain Return on plan assets (excluding amounts included in net interest cost)
Gain/(loss) Effects of changes in the demographic and financial assumptions underlying the
present value of the plan liabilities
Total gain/(loss) recognised in other comprehensive income		 2021
2020
£’000
£’000
1,098
1,468
1,382
(2,500)
2,480
(1,032)

Assets:

ssets:
Cash
Immediate annuity policies
Managed growth
Liability driven investments
Total assets		 2021
2020
2019
£’000
£’000
£’000
723
77
229
76
141
146
7,707
12,676
12,460
13,483
8,808
7,967
21,989
21,702
20,801

None of the fair values of the assets shown above includes any direct investments in CILIP’s own financial instruments or any property occupied by, or other assets used by CILIP.

The best estimate of contributions to be paid by CILIP to the scheme for the period commencing 1 January 2022 £552,000 (1 January 2021: £303,000).

23 CORPORATION TAXATION

CILIP is a registered charity and as such is exempt from taxation of its income and gains to the extent that they fall within the exemptions available to charities under the Taxes Act and are applied to its charitable objectives.

24 RELATED PARTIES

CILIP Benevolent Fund Registered Charity No. 237352

This trust exists for the relief of poverty of CILIP members, former members and their dependants (including former Library Association and Institute of Information Scientists members). CILIP Board appoints all trustees. CILIP provided £1,000 towards their running costs on a yearly basis. As at 31[st] of December 2021 the amount of donation received on-behalf of CILIP Benevolent Fund and not yet transferred was £294 (2020: £1,575). Also, as at 31[st] of December 2021 the amount of payment made to suppliers on behalf of CILIP Benevolent Fund and not yet paid was £1,140 (2020: Nil).

59 | CILIP Annual Report & Accounts 2021

The John Campbell Trust Registered Charity No. 802262

This trust exists to advance the education of the public in Information Science in particular by the awarding of grants, scholarships, research fellowships and prizes. CILIP Board appoints all trustees. There were no outstanding balances for 2021 and 2020.

Library Services Trust Registered Charity No. 287404

This trust exists to promote education in librarianship, bibliography and related subjects. CILIP Board appoints two of the six trustees. There were no outstanding balances for 2021 and 2020.

CILIP Board, Presidential Team and Committee Members with arm’s length business relationship with CILIP

Jo Webb received in 2021 £41 (2020: £41) as Royalty as an author for a book published for CILIP Facet publishing.

CB Resourcing recruitment agency in which Simon Burton is director of, received in 2021 £9,000 (2020: £Nil) as consultancy fees paid via CB Resourcing on behalf of CILIP.

CB Resourcing recruitment agency in which Simon Burton is director of, paid in 2021 £3,864 (2020: £Nil) in respect of sponsorship for Employers Forum.

There were no other related parties in the year or in the prior year.

25 OPERATING LEASE

At the end of the year, CILIP was committed to receiving the following rental incomes in respect of tenant leases:

Leases which expire:
- within one year
- within two to five years
- over five years		 2021
2021
Land
& buildings
Plant
& Machinery
£
£
754,441
-
1,554,790
-
-
-
2,309,231
-		 2020
2020
Land
& buildings
Plant
& Machinery
£
£
740,799
-
1,828,533
-
-
-
2,569,332
-

Operating lease rentals totaled £754,441 for the year ended 31 December 2021 (2020: £740,799).

26 POST BALANCE SHEET EVENT

CILIP Trustees made a decision to dispose of the building at 7 Ridgmount street and placed on the market with the expectation to complete the sale by 31 December 2022. The disposal proceeds would be used to pay off the Defined Benefit Pension deficit, purchase another freehold building and to secure the ongoing operations of the Charity.

27 PRIOR YEAR ADJUSTMENT

A prior year adjustment was made to defer income incorrectly recognised in the charity’s financial statements in relation to before the 31 December 2020 financial year-end. This had the effect of reducing 2020 unrestricted funds brought forward balances by £54,034.

A further prior year adjustment was made to remove 2020 group expenses which were previously included twice within the financial
statements in error. This had the effect of reducing the 2020 consolidated unrestricted expenditure by £27,753, reducing creditors
and increasing unrestricted funds by £27,753. The prior year adjustment is analysed below:
Unrestricted funds as at 31 December 2020
£16,807,695
Income incorrectly recognised
(£54,034)
Subsidiary expenses double counted
£27,753
Updated unrestricted funds as at 31 December 2020
£16,781,414

60 | CILIP Annual Report & Accounts 2021

CILIP’S Operational management directory

The information shown below is that pertaining between 1 January 2021 and 11 October 2022, the date of signing the accounts.

CILIP Board members are trustees for the purpose of charity legislation

Chair

Sue Lacey Bryant BA(Hons) DipLib MSc MCLIP MIHM (from 1 February 2022) John Trevor-Allen BA(Hons) MSc Econ MCLIP (to January 2022)

Honorary Treasurer

Alison Wheeler MBE PG Cert Mgnet MCLIP

CILIP Board members

Sue Lacey Bryant BA(Hons) DipLib MSc FCLIP MIHM (from 1 February 2019) Jo Webb MA MLib MBA FCLIP FHEA FRSA (from 1 January 2018) Alison Wheeler MBE MCLIP (from 1 January 2017, re-elected 1 January 2021) Steve Williams BA MSc FBCS (from 1 January 2019) Shirley Yearwood-Jackman BA(Hons) MSc (from 1 January 2019) Nicola Davies BA(Hons) MSc Econ (from 1 June 2019 to 31 May 2022) Helen Workman (from 1 January 2020) Binni Brynolf (from 1 January 2020) Simon Burton (from 1 January 2021) Stephen Phillips (from 1 January 2021) Alison Brettle (from 1 January 2021) Sue Ball (from 1 January 2021) Liz Jolly (from 30 April 2021)

Presidential Team

President

Kate Robinson JP, BA, MA, FCLIP, FRSA (from 1 January 2021)

Vice-President

John Trevor-Allen BA(Hons) MSc Econ MCLIP (from 1 January 2018)

CILIP Senior Leadership Team

Chief Executive Officer Nick Poole BA MA Director of Transformation Paul Jessop (from October 2021) Chief Operating Officer Adam Pokun BA (Hons) MSc (from December 2019 to October 2021) Chief Sector Development officer Jo Cornish FCLIP (from June 2021) Editor, Information Professional Rob Green (from April 2019) Head of CILIP in Scotland Sean McNamara (from April 2019) Head of Digital and IT Lisa Goldsmith MBA Bsc (from April 2019) Head of Facilities Fredy Castrillon (from April 2019) Head of Finance Abosede Dada FCCA (from April 2019)

61 | CILIP Annual Report & Accounts 2021

CILIP Senior Leadership Team continued

Head of Sector Development Jo Cornish FCLIP (from July 2019 to June 2021) & Claire Robe (from January 2022) Head of Programmes Natalie Jones (from December 2019) Head of Publishing Pete Baker (from July 2019) Head of Sales and Marketing Gemma Wood MA (from August 2019)

Professional Advisers

Bankers: Bank of Scotland Teviot House, 41 South Gyle Crescent Edinburgh EH12 9XD Unity Trust Bank PLC Nine Brindley place Birmingham B1 2HB CCLA Senator House 85 Queen Victoria Street London EC4V 4ET Auditors: Price Bailey Chartered Accountants 24 Old Bond Street London W1S 4AP Solicitors: Bates, Wells 10 Queen Street Place London EC4R 1BE Pension providers: Defined Benefit Scheme Isio (trading as Iseran Bidco Ltd) 1 St Peter’s Square Manchester M2 3AE Group Stakeholder Pension Scottish Widows Scheme 69 Morrison Street Edinburgh EH3 8YF

62 | CILIP Annual Report & Accounts 2021

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Parties involved with this document

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