UNITED KINGDOM MATHEMATICS TRUST
The charity runs individual and team competitions in Mathematics, summer schools and a mentoring scheme for school pupils. It organises meetings for teachers and publishes books for school pupils. It selects and trains the UK team for the International Mathematical Olympiad, held annually.
Financial health, per its FY2025 accounts
The accounts state that free/unrestricted reserves reached £2,243,426, meeting the policy target of covering one year of expenditure. The charity reported a net surplus of £870,226 for the year, driven by increased sponsorship and competition entry fees, resulting in a significant rebuild of reserves from the previous year.
What the accounts disclose
“Two employees received total remuneration of between £60,000 and £70,000 during the year” — page 22
“Two employees received total remuneration of between £60,000 and £70,000 during the year” — page 22
“The Trustees have agreed that the Trust should aim to maintain its General Reserve to the level of its ongoing annual expenditure.”
“One Trustee (2024: one) received royalty payments in the period from the Trust. See note 26 for further details. During the year, eight Trustees (2024: seven) were reimbursed from charity funds for expenses incurred by them for work performed on behalf of the Trust. The total amount reimbursed to the Trustees was £6,843” — page 22
“Dr G.C. Smith, a current Trustee, received royalties of £2,679 (2024: £2,399) in relation to publications. No other Trustees received any remuneration from the Trust. There were no other related party transactions which occurred during either year.” — page 27
Year-over-year changes
- Top pay band moved from £90,001 - £100,000 (FY2024) to £60,001 - £70,000 (FY2025).
- Employees paid over £60,000: 1 (FY2024) → 2 (FY2025).
Structured financials (annual return, FY ending 31/07/2025)
Trustees
- Dr Andrew Cates
- Dr David Bobker
- Dr Geoffrey Smith
- Dr James Donald Cranch
- Dr Maria Ava Lobo-Yeo
- Dr Vesna Kadelburg
- Karen Fogden
- Mary Wimbury
- Patricia Lunel
- Stephen Darby
- Stephen Mulligan
- Thomas Bowler
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £2.5m | £1.6m |
| 31/07/2024 | £1.9m | £1.8m |
| 31/07/2023 | £1.3m | £1.8m |
| 31/07/2022 | £1.4m | £1.5m |
| 31/07/2021 | £1.1m | £905k |
Common questions
Is UNITED KINGDOM MATHEMATICS TRUST financially healthy?
Per its FY2025 accounts: The accounts state that free/unrestricted reserves reached £2,243,426, meeting the policy target of covering one year of expenditure. The charity reported a net surplus of £870,226 for the year, driven by increased sponsorship and competition entry fees, resulting in a significant rebuild of reserves from the previous year. Its FY2025 accounts were audited by Sumer Auditco Limited.
What does the highest-paid employee of UNITED KINGDOM MATHEMATICS TRUST earn?
Per its FY2025 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 2 employees earned over £60,000.
Charities like this
- THE UNIVERSITY MATHS SCHOOLS NETWORK
- UNITED KINGDOM BIOLOGY COMPETITIONS
- BRITISH MOTOR SPORTS TRAINING TRUST
- INTERNATIONAL SCHOOLS OF BUSINESS MANAGEMENT LIMITED
- THE YOUTH SPORT UK CHARITABLE TRUST
- THE INSTITUTE OF MATHEMATICS AND ITS APPLICATIONS
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| UNITED KINGDOM MATHEMATICS TRUST | £2.5m | £60,001 - £70,000 | 2 | unclear | — | no doubt |
| THE UNIVERSITY MATHS SCHOOLS NETWORK | £2.6m | £80,001 - £90,000 | — | unclear | — | no doubt |
| UNITED KINGDOM BIOLOGY COMPETITIONS | £106k | — | 0 | unclear | — | no doubt |
| BRITISH MOTOR SPORTS TRAINING TRUST | £122k | — | 0 | unclear | — | no doubt |
| INTERNATIONAL SCHOOLS OF BUSINESS MANAGEMENT LIMITED | £479k | — | 0 | above | — | no doubt |
| THE YOUTH SPORT UK CHARITABLE TRUST | £428k | — | — | unclear | — | no doubt |