INSTITUTE OF MONEY ADVISERS

Registered charity 1112758 · accounts filings on the Charity Commission register · also known as IMA DEVELOPMENTS

The IMA uses its resources to train, inform and educate money advisers so that their work in giving free advice to the public is improved.

Objects

THE RELIEF AND PREVENTION OF FINANCIAL HARDSHIP IN PARTICULAR BUT NOT EXCLUSIVELY BY: (I) THE PROMOTION OF HIGH STANDARD IN THE PROVISION OF FREE-TO-CLIENT MONEY ADVICE; (II) THE PROVISION OF EDUCATION AND TRAINING FOR MONEY ADVISERS;(III) THE ADVANCEMENT OF THE EDUCATION OF THE PUBLIC IN THE SUBJECT OF MONEY MATTERS, DEBT AND THE MANAGEMENT OF PERSONAL FINANCES

Area of benefit: NATIONAL

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Education/training · The Prevention Or Relief Of Poverty · Economic/community Development/employment · website · Get email alerts

Registered contact address: Leeds, Yorkshire and The Humber, England (from the postcode on the register)

Financial health, per its FY2025 accounts

The charity reported a surplus of £70,210 for the year ended 31 December 2025, with unrestricted reserves standing at £1,113,274. The trustees consider the financial performance satisfactory and maintain a reserves policy targeting free reserves equivalent to at least nine months' operating costs, currently valued at £470,630. The auditors 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

Accounts audited by Fortus Audit LLP. Discloses 4 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

• Bullying and harassment policy and procedures
• Complaints handling
• Complaints policy and procedures
• Conflicting interests
• Financial reserves policy and procedures
• Internal charity financial controls policy and procedures
• Internal risk management policy and procedures
• Investing charity funds policy and procedures
• Investment
• Paying staff
• Risk management
• Social media policy and procedures
• Trustee conflicts of interest policy and procedures
• Trustee expenses policy and procedures

From the charity’s annual return (Part A, self-declared)

Answers and figures the charity gave in Part A of its annual return to the Charity Commission. They are self-declared: not verified by the Commission or by this site. Only positive answers and figures are listed; items not listed are simply not shown.

Source: this charity’s annual returns on the Charity Commission register.

Corporate structure

• Registered company of the charity Companies House 05386480 · Financial health read from its filings

Funders the charity credits

Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).

• AdvicePro — “Our thanks go to the following organisations who have been especially generous in supporting the work we do in the last year: AdvicePro” (source page)

Company officers (Companies House)

Current officers of the charity’s own company per the Companies House register, cross-checked against the Charity Commission trustee list by name. A director not on the trustee list is usually a timing or naming difference between the two registers — check both records before drawing conclusions.

• AHMED, Mukhtar Abdillahi — director, appointed 11/08/2026on trustee list
• MONK, Philip Edward — director, appointed 15/05/2026on trustee list
• MARKS, Charlene — director, appointed 24/09/2024on trustee list
• GOODMAN, Stuart Michael — director, appointed 23/05/2023on trustee list
• BURDIS, David John — director, appointed 15/05/2023on trustee list
• SHAFIQ, Aadal — director, appointed 27/09/2021on trustee list
• WALTERS, Anna Ruth — director, appointed 22/02/2021on trustee list
• GOLDBERG, Laurence James — director, appointed 22/02/2021on trustee list
• MARKS, Charlene — secretary, appointed 29/07/2025

Official officers record.

Structured financials (annual return, FY ending 31/12/2025)

Reported reserves equal ~21.5 months of spending — in the top quarter for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Charitable activities (91% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (4.9%) (benchmarks).

Trustees · trustee networks

• Aadal Shafiq
• Anna Ruth Walters
• CHARLENE MARKS
• David John Burdis
• Laurence James Goldberg
• Mukhtar Abdillahi Ahmed
• Philip Edward Monk
• Stuart Goodman

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

Operates in: Throughout England And Wales

Income and spending

Common questions

Known funders

Grants to this charity found in funders’ own accounts filings.

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 AIM Qualifications and Assessment Group.

• AIM Qualifications and Assessment Group income £4.2m
• INSTITUTE FOR EMPLOYMENT STUDIES income £4.1m
• THE INSTITUTE OF INTERNATIONAL MONETARY RESEARCH income £200k
• IMA TRUST income £307k
• INSTITUTE OF MEDICAL ETHICS income £334k
• THE INVESTMENT MANAGERS' CHARITABLE TRUST income £28k

Side by side with its peers

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