EMIH LIMITED

Registered charity 1073254 · accounts filings on the Charity Commission register · also known as RUNNING DEEP, RUNNING DEEP LIMITED, THE DEEP, THE DEEP MILLENIUM PROJECT, THE DEEP MILLENNIUM PROJECT

The objectives of the charity are: 1) to advance the educational and cultural welfare of the inhabitants of Kingston upon Hull and the community at large; and 2) to promote the conservation of marine organisms by establishing The Deep aquarium in Kingston upon Hull, incorporating an international centre of excellence for education, learning and research of the marine environment.

Causes: Education/training · Arts/culture/heritage/science · Animals · Environment/conservation/heritage · Economic/community Development/employment · Recreation · website · Get email alerts

Latest income
£9.6m
Latest spending
£11.0m
Registered
1999
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the group reported an underlying net operational surplus of £1,702,384 for the year ended 31 January 2025, with total unrestricted reserves increasing to £43,987,497. The trustees maintain that reserves are sufficient to cover asset amortisation and provide working capital for at least six months of forecast expenditure. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: cover amortisation of assets plus six months' forecast expenditure (held: £44.0m)
The trustees aim to ensure that reserves should be maintained at a level to cover the amortisation of these assets, plus an additional amount to provide working capital for the organisation, with this being an amount that would cover at least the next six months’ worth of forecast expenditure.
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Smailes Goldie. Discloses 4 of 6 completeness components.

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 31/01/2025)

Total income
£9.6m
Total spending
£11.0m
Cost of raising funds
£1.8m
Reserves (reported)
£44.0m
Employees
139

Reported reserves equal ~48.0 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees · trustee networks

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

Operates in: Kingston Upon Hull City

Income and spending

Financial year endIncomeSpending
31/01/2025£9.6m£11.0m
31/01/2024£9.1m£10.7m
31/01/2023£9.0m£10.5m
31/01/2022£7.2m£8.5m
31/01/2021£4.9m£8.1m

Common questions

Is EMIH LIMITED financially healthy?

Per its FY2025 accounts: The accounts state that the group reported an underlying net operational surplus of £1,702,384 for the year ended 31 January 2025, with total unrestricted reserves increasing to £43,987,497. The trustees maintain that reserves are sufficient to cover asset amortisation and provide working capital for at least six months of forecast expenditure. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2025 accounts were audited by Smailes Goldie.

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Heritage Fund19/09/2005£38k"UK Corals - A National Treasure"

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.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with Ocean Conservation Trust Limited.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
EMIH LIMITED£9.6maboveno doubt
Ocean Conservation Trust Limited FY2025£7.5mabove27.0%no doubt
ROYAL INSTITUTION OF NAVAL ARCHITECTS FY2025£1.9m£100,001 - £110,0005unclearno doubt
SWIMATHON FOUNDATION FY2025£771k0belowno doubt
THE MASTER PILOTS AND SEAMEN OF THE CORPORATION OF THE TRINITY HOUSE, NEWCASTLE UPON TYNE FY2024£189k0aboveno doubt
THE AIM FOUNDATION FY2025£449k0unclearno doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.