INSTITUTE OF MONEY ADVISERS
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.
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.
What the accounts disclose
“Charitable activities 632,342” — page 18
“Trustees therefore consider it appropriate to hold free reserves equivalent to at least nine months’ operating costs which currently equates to £470,630.”
Funders the charity credits
- AdvicePro
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- Aadal Shafiq
- Anna Ruth Walters
- CHARLENE MARKS
- David John Burdis
- Laurence James Goldberg
- Mukhtar Abdillahi Ahmed
- Philip Edward Monk
- Stuart Goodman
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £693k | £622k |
| 31/12/2024 | £638k | £622k |
| 31/12/2023 | £705k | £774k |
| 31/12/2022 | £937k | £843k |
| 31/12/2021 | £992k | £676k |
Common questions
Is INSTITUTE OF MONEY ADVISERS financially healthy?
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. Its FY2025 accounts were audited by Fortus Audit LLP.
Who funds INSTITUTE OF MONEY ADVISERS?
Funders whose own accounts filings name INSTITUTE OF MONEY ADVISERS as a grant recipient include MONEY ADVICE TRUST, UNITED UTILITIES TRUST FUND.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| MONEY ADVICE TRUST | FY2021 | £198k | Training |
| MONEY ADVICE TRUST | FY2023 | £75k | Training |
| MONEY ADVICE TRUST | FY2022 | £11k | |
| UNITED UTILITIES TRUST FUND | FY2022 | £6k | Organisational grants |
| MONEY ADVICE TRUST | FY2024 | £5k | Training |