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Strong trading performance sets CIPFA up for another surplus

07-12-21

The Chartered Institute of Public Finance and Accountancy (CIPFA) is set for another strong trading year and is forecasting a surplus in excess of budget for the second year running.

At its December meeting, CIPFA's governing council approved the institute's business plan and budget for the 2022-25 period. It is targeting investment in improvements to products and services, internal operations and systems, and the launch of CIPFA's refreshed professional qualification.

CIPFA CEO Rob Whiteman said: "Last year we delivered a £3m trading surplus, and I'm pleased to see that CIPFA is on course for another excellent trading year, similar in scale to last year's record trading surplus.

"The surplus will be used to further our charitable objectives of promoting best practice in public finance, regulating and supporting members, and educating and training student members. It will also enable continued investment in digital transformation, developing our team's capability, capacity, skills and expertise as well as strengthening our balance sheet position to help increase our financial resilience."

Notes to editors

For further information, please contact the CIPFA press office at mark.davey@cipfa.org or ursula.dale@cipfa.org.

About CIPFA

CIPFA, the Chartered Institute of Public Finance and Accountancy, is the professional body for people in public finance. CIPFA shows the way in public finance globally, standing up for sound public financial management and good governance around the world as the leading commentator on managing and accounting for public money.