Question 1

What is the mission of CHARTERED INSTITUTE OF CREDIT MANAGEMENT?

Accepted Answer

(1) TO ADVANCE THE EDUCATION OF THE PUBLIC CONCERNING CREDIT MANAGEMENT AND TO ENCOURAGE THE STUDY THEREOF. (2) TO ESTABLISH A HARDSHIP FUND FOR THE BENEFIT OF MEMBERS OR FORMER MEMBERS OF THE INSTITUTE ALLOWING THE INSTITUTE TO MAKE PAYMENTS AND/OR ASSIST SUCH MEMBERS OR FORMER MEMBERS OR THEIR DEPENDANTS WHO ARE IN CONDITIONS OF NEED HARDSHIP OR DISTRESS

Question 2

What is the financial size of CHARTERED INSTITUTE OF CREDIT MANAGEMENT?

Accepted Answer

CHARTERED INSTITUTE OF CREDIT MANAGEMENT is classified as a large charity. In the latest financial year, they reported a total income of £1,785,156 and total expenditure of £1,936,174.

Question 3

How does CHARTERED INSTITUTE OF CREDIT MANAGEMENT allocate its spending?

Accepted Answer

For every pound spent, approximately 100.0% goes directly to charitable activities. The remaining 0.0% is spent on raising funds and administration. This is higher than the median for similar-sized charities (97.7%).

Question 4

What is the workforce structure of CHARTERED INSTITUTE OF CREDIT MANAGEMENT?

Accepted Answer

CHARTERED INSTITUTE OF CREDIT MANAGEMENT employs 24 staff members and is supported by 20 volunteers.

Question 5

Does CHARTERED INSTITUTE OF CREDIT MANAGEMENT receive government funding?

Accepted Answer

To a small extent. Approximately 0.0% of their income comes from government grants or contracts.

Question 6

Does CHARTERED INSTITUTE OF CREDIT MANAGEMENT pay its trustees?

Accepted Answer

No, the latest data indicates that trustees do not receive payments or personal benefits from the charity.

CHARTERED INSTITUTE OF CREDIT MANAGEMENT

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