INSTITUTE OF EXPORT AND INTERNATIONAL TRADE (THE)

• ⚠

  Material uncertainty over going concern

  We refer you to note 2.2 of the financial statements which explains that the Charity was awarded a Royal Chartership, resulting in all assets and liabilities being transferred to a new entity, The Chartered Institute of Export and International Trade. Therefore, the Trustees do not consider it appropriate to adopt the going concern basis of accounting in preparing these financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern as described in note 2.2. Our opinion is not modified in respect of this matter.

• ◆

  6 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. INSTITUTE OF EXPORT AND INTERNATIONAL TRADE (THE) 2017-01-26 → present
2. INSTITUTE OF EXPORT(THE) 1935-11-18 → 2017-01-26

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

MHA

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We refer you to note 2.2 of the financial statements which explains that the Charity was awarded a Royal Chartership, resulting in all assets and liabilities being transferred to a new entity, The Chartered Institute of Export and International Trade. Therefore, the Trustees do not consider it appropriate to adopt the going concern basis of accounting in preparing these financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern as described in note 2.2. Our opinion is not modified in respect of this matter.”

Significant events

• “On 21 December 2023 The Institute of Export and International Trade (IOE&IT) was awarded a Royal Charter by HM King Charles. On this date, the Chartered Institute of Export and International Trade was created. For the purposes of continuing the work of the charity and on 1 July 2024 all the assets and liabilities of the IOE&IT were transferred to the Chartered Institute of Export and International Trade at book value, as a result of this the IOE&IT ceased trading and will no longer be a going concern.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

11

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

6

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -49.9%

  £14,174,895 → £7,103,482

• Cash

  -73.2%

  £4,799,944 → £1,286,873

• Net assets

  -94.8%

  £24,526,229 → £1,286,873

• Employees

  -1.2%

  168 → 166

• Operating profit

  -140.5%

  £438,466 → -£177,775

• Wages

  -47.6%

  £8,738,110 → £4,579,220

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers