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The Chartered Institute of Public Finance and Accountancy (CIPFA) 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.
The plan aims to target investment in improvements to products and services, internal operations and systems and the launch of CIPFA’s refreshed professional qualification.
Rob Whiteman, CEO, CIPFA, 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.”
He added: “The surplus 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.”
