Annual review 2011/12 - CILIP

FINANCES
The major organisational restructure in 2011 not only refocused CILIP on
what members told us they wanted, it also streamlined activities and cut our
cost base dramatically. In a tough economic climate, income was down on
2010 by £780,000 but we made savings of £865,000 by closing loss-making
enterprises, reducing staff costs and generally becoming a more efficient
operation. This was demonstrated by our end of year operational results
which showed a surplus of nearly £110,000 against a deficit of almost
£500,000 in 2010.
Total income for central operations
in 2011 was £4,162,000, made up of:
Total expenditure on central
operations in 2011 was
£4,693,000. The pie chart
shows our continuing
emphasis on strengthening
advocacy for the professions
and focusing on the provision
of services to members:
Commercial
Income
35%
Rental Income
9%
Investment Income
2% Other Income
5%
Governance
3%
Services
to Tenants
2%
Net return on
Pension Fund*
Advocacy,
International Work,
Member Services
55%
*notional negative net return on CILIP’s
defined benefit pension scheme which was closed in 2011
Members can download detailed financial information for 2011 from
http://tinyurl.com/csj3t5h
8%
Members’
Subscriptions
55%
Training, Events,
Conferences
14%
Publications
11%
Qualifications,
Accreditation, CPD,
Workforce Development
7%
One of CILIP’s
key business plan
objectives is to
become a more
sustainable
organisation and
we continue
towards this in
2012 which will
be the first full year
to show the full
financial benefits
of last year’s
reorganisation
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