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INSTITUTE OF PHYSICS AND ENGINEERING IN MEDICINE

Registered charity 1047999 · accounts filings on the Charity Commission register · also known as I P E M

Latest income
£1.8m
Latest spending
£2.8m
Registered
1995
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net deficit of £914,896 for the year ended 31 December 2024, driven by significant strategic investments in infrastructure and staffing that have taken longer to yield benefits than planned. Despite the deficit, the charity holds free reserves of £1,645,124, which exceeds its stated target operating reserve of £1,100,000, and the trustees remain confident in its ability to continue as a going concern.

What the accounts disclose

Highest-paid employee band: £100,001 - £110,000 — in the top quarter for charities its size (median £76k)
“In the band £100,001 - £110,000” — page 46
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: £1,100,000 (held: £1.6m)
“Following a review in 2023, the Trustees confirmed a Target Operating Reserve of £1,100,000” — page 21
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Related party transaction with IPEM Enterprises Limited (IEL)
“IPEM Enterprise Limited (IEL) is a wholly owned subsidiary of IPEM. In 2024 the Charity received income of £31,052 from IEL (2023: £27,930) and had an outstanding debtor balance at the end of 2024 of £3,085 (2023: £2,876).” — page 58
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: IPEM Enterprises Limited
“IPEM consists of two main entities: the charity itself and its trading subsidiary, IPEM Enterprises Ltd (IEL).” — page 13
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by BHP LLP.

Corporate structure

Public fundraising profile: JustGiving — Institute of Physics and Engineering in Medicine UK (matched by registered charity number).

Structured financials (annual return, FY ending 31/12/2024)

Total income
£1.8m
Total spending
£2.8m
Cost of raising funds
£20k
Reserves (reported)
£1.6m
Employees
29

Reported reserves equal ~7.0 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Northern Ireland · Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£1.8m£2.8m
31/12/2023£1.8m£1.9m
31/12/2022£1.6m£1.6m
31/12/2021£1.7m£1.3m
31/12/2020£1.6m£1.3m

Common questions

Is INSTITUTE OF PHYSICS AND ENGINEERING IN MEDICINE financially healthy?

The accounts state that the charity reported a net deficit of £914,896 for the year ended 31 December 2024, driven by significant strategic investments in infrastructure and staffing that have taken longer to yield benefits than planned. Despite the deficit, the charity holds free reserves of £1,645,124, which exceeds its stated target operating reserve of £1,100,000, and the trustees remain confident in its ability to continue as a going concern. Its FY2024 accounts were audited by BHP LLP.

What does the highest-paid employee of INSTITUTE OF PHYSICS AND ENGINEERING IN MEDICINE earn?

Per its FY2024 accounts, the highest-paid employee was in the £100,001 - £110,000 band.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
REES JEFFREYS ROAD FUND1£40k

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