ICAEW Annual Report for 2021

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A FORCE FOR GOOD

This decade is critical and truly one of transformation

CHIEF EXECUTIVE'S FOREWORD

"At our core we are a people business, driven by our intellectual and relationship capital."

MICHAEL IZZA

CHIEF EXECUTIVE

THE CEO'S STATEMENT

MESSAGE FROM THE PRESIDENT

“Despite adverse conditions, ICAEW has made significant progress on many fronts and this progress is continuing.”

WILL BROOKS

PRESIDENT

THE PRESIDENT'S MESSAGE

OUR HIGHLIGHTS

£141.4M

Total income

£33.7M

Net surplus after tax

£53.6M

Subscriptions fees and income

£120.2M

Operational income

£17.4M

Education and training income

£151.9M

Net assets

Financial statements

OUR VISION

ICAEW Chartered Accountants enable a world of sustainable economies

Our global community can and should be a force for good, achieving prosperity in ways which are responsible and resilient. Our members measure, advise and assure with expertise and integrity, enabling the conduct of business on a fair, transparent and accountable basis.

Our vision

OUR STRATEGY

Our strategic foundations

Our approach to strategy is condensed into three core pillars of activity, the strategic foundations, which seek to fulfil the obligations of our Royal Charter:

Strategic report Our strategy

Belonging and supporting

We support our more than 161,000 members across the world, personally and professionally. We do this through through our faculties, communities and district societies, as well as the Chartered Accountants Worldwide (CAW) network.

Education and training

We are committed to educating the chartered accountants of tomorrow, with a focus on building future business and professional leaders. We work with universities, schools and other educational establishments to support recruitment activity for employers and our commitment to social mobility.

Reputation and Influence

We apply our expertise across a wide variety of topics relating to business, the profession and national policymaking. Our work in upholding standards is also crucial to protecting the public and holding our members accountable.

Strategic report Our strategy