SECURITIES & INVESTMENT INSTITUTE

Charity Number: 1036566
Removed charity

Charity overview

Activities - how the charity spends its money

The Institute is the largest and most widely respected professional body for those who work in the securities and investment industry in the UK. It is the leading and progressive examining , training and membership body for the industry. In addition it produces publications and workbooks and runs a number of widely respected and well-attended conferences and seminars.

Income and expenditure

Data for financial year ending 31 March 2009

Total income:
£10,385,612

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Donations and legacies £0
Charitable activities £0
Other trading activities £9.79m
Investments £359.80k
Other £239.18k

Total expenditure:
£9,436,688

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Raising funds £0
Charitable activities £9.10m
Other £10.00k

£0 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £335.49k
Charitable expenditure £9.10m
Retained for future use £948.92k

Fundraising

No information available

Trading

No information available

Trustee payments

No information available

What, who, how, where

What the charity does:
  • Education/training
Who the charity helps:
  • The General Public/mankind
How the charity helps:
  • Acts As An Umbrella Or Resource Body
Where the charity operates:
  • Throughout England And Wales
  • China
  • India
  • Ireland
  • Singapore
  • United Arab Emirates

Governance

Registration history:
  • 18 April 1994: Standard registration
  • 05 August 2010: Removed
  • 05 August 2010: Funds transferred to 1132642-1 SECURITIES AND INVESTMENT INSTITUTE
Organisation type:
Other names:
  • SECURITIES INSTITUTE (Previous name)
Gift aid:
No information available
Other regulators:
No information available
Policies:
No policies declared
Land and property:
No information available

Financial history

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Financial period end date

Income / Expenditure 31/03/2005 31/03/2006 31/03/2007 31/03/2008 31/03/2009
Total gross income £6.29m £7.32m £9.28m £11.17m £10.39m
Total expenditure £6.44m £7.09m £8.36m £10.23m £9.44m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies N/A N/A £0 £0 £0
Income - Other trading activities N/A N/A £8.96m £0 £9.79m
Income - Charitable activities N/A N/A £0 £10.64m £0
Income - Endowments N/A N/A £0 £0 £0
Income - Investment N/A N/A £152.37k £308.60k £359.80k
Income - Other N/A N/A £166.54k £218.99k £239.18k
Income - Legacies N/A N/A £0 £0 £0
Expenditure - Charitable activities N/A N/A £8.00m £9.82m £9.10m
Expenditure - Raising funds N/A N/A N/A N/A N/A
Expenditure - Governance N/A N/A £351.12k £403.31k £325.49k
Expenditure - Grants institution N/A N/A £0 £0 £0
Expenditure - Investment management N/A N/A £0 £0 £0
Expenditure - Other N/A N/A £9.50k £0 £10.00k

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2005 31/03/2006 31/03/2007 31/03/2008 31/03/2009
Own use assets N/A N/A £0 £301.44k £161.20k
Long-term investments N/A N/A £70.43k £0 £0
Other assets N/A N/A £5.28m £7.08m £8.18m
Defined benefit pension scheme asset or liability N/A N/A £0 £0 £0
Total liabilities N/A N/A £2.23m £3.32m £3.33m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2010 Not submitted
Accounts and TAR 31 March 2010 Not submitted
Annual return 31 March 2009 29 January 2010 On Time
Accounts and TAR 31 March 2009 26 January 2010 On Time
Annual return 31 March 2008 15 January 2009 On Time
Accounts and TAR 31 March 2008 15 January 2009 On Time
Annual return 31 March 2007 31 January 2008 On Time
Accounts and TAR 31 March 2007 23 January 2008 On Time
Annual return 31 March 2006 28 November 2006 On Time
Accounts and TAR 31 March 2006 28 November 2006 On Time

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 10 FEBRUARY 1992 AS AMENDED BY SPECIAL RESOLUTIONS DATED 5 APRIL 1994, 4 JULY 1996, 1 JULY 1999, 13TH DECEMBER 2001 AND 25TH JULY 2002

Charitable objects

1) TO PROMOTE FOR THE PUBLIC BENEFIT THE ADVANCEMENT AND DISSEMINATION OF KNOWLEDGE IN THE FIELD OF SECURITIES AND INVESTMENTS. 2) TO DEVELOP HIGH ETHICAL STANDARDS FOR PRACTITIONERS IN SECURITIES AND INVESTMENTS AND TO PROMOTE SUCH STANDARDS IN THE UNITED KINGDOM AND OVERSEAS. 3) TO ACT AS AN AUTHORITATIVE BODY FOR THE PURPOSE OF CONSULTATION AND RESEARCH IN MATTERS OF EDUCATIONAL OR PUBLIC INTEREST CONCERNING INVESTMENT IN SECURITIES.

Area of benefit

The area the charity can operate in, as set out in its governing document.

IN PRACTICE THE UK AND OVERSEAS