THE INSTITUTE OF FINANCIAL ACCOUNTANTS

1. THE INSTITUTE OF FINANCIAL ACCOUNTANTS 2015-01-20 → present
2. NEWIFA2014 2014-12-11 → 2015-01-20

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

James Cowper Kreston Audit

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Our evaluation of the directors assessment of the Company's ability to continue to adopt the going concern basis of accounting included: Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. THE INSTITUTE OF FINANCIAL ACCOUNTANTS · parent
   1. Institute of Financial Accountants in China Limited
   2. Federation of Tax Advisers Limited
   3. IFA Institute of Public Accountants Limited
   4. IFA (2014) Limited

Significant events

• “Our deficit financial position can be attributed to maintaining business as usual while making the necessary adjustments to cashflow forecasts and ongoing and targeted investment in: The continued education transformation programme to meet the everchanging education demands of aspiring professionals and employers. Our ongoing digital transformation to assist and support members, member firms and students including a new website and a client relationship management platform. The continued development of our systems to support the management of regulatory and disciplinary cases to enhance our administrative processes, data protection and efficiencies. The ongoing enhancement of our network security and ICT to ensure the continuous protection of sensitive membership, firm and student data. The transition to a new office, providing greater operational efficiencies and the continued delivery of excellent customer service to members, firms and students.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +0.4%

  £2,538,990 → £2,549,983

• Cash

  +34.6%

  £733,178 → £986,750

• Net assets

  -31.7%

  £575,191 → £393,131

• Employees

  0%

  26 → 26

• Operating profit

  -197.9%

  -£69,529 → -£207,132

• Profit before tax

  -163.8%

  -£74,305 → -£196,040

• Wages

  +2.4%

  £1,180,344 → £1,208,097

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