LONDON INSTITUTE FOR MATHEMATICAL SCIENCES

Registered charity 1139814 · accounts filings on the Charity Commission register · also known as LONDON CENTRE FOR MATHEMATICAL SCIENCES LIMITED, LONDON INSTITUTE, LONDON INSTITUTE FOR MATHEMATICAL SCIENCES; ALSO, LIMS

LIMS invites its scientists to participate in high-risk, high-payoff research in fundamental, difficult or emerging branches of science. In addition to its full-time members, LIMS at present also offers part-time employment to scientists. Through the provision of funds and a suitable working environment, LIMS scientists regularly publish papers in the world's leading research journals.

Causes: Education/training · website · Get email alerts

Latest income
£907k
Latest spending
£2.3m
Registered
2011
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the Institute reported a net deficit of £1,353,160 for the year ended 30 December 2024, resulting in total funds being in deficit by £781,339. The Trustees consider the Institute to be a going concern, citing a network of high-net-worth donors and a proven fundraising team as support for future financial stability.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: at least 20% of our annual expenditure, which roughly equates to £400,000 (held: £-1.2m)
“Our reserves policy is to maintain reserves of at least 20% of our annual expenditure, which roughly equates to £400,000.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Mr Florian Schuster (a Trustee) made a short-term interest-free loan of £50,000 to the Institute in July 2024; this was repaid in August 2024.
“Mr Florian Schuster (a Trustee) made a short-term interest-free loan of £50,000 to the Institute in July 2024; this was repaid in August 2024.” — page 45
“Mr Martin Reeves (a Trustee) is Chair of Boston Consulting Group Henderson Institute and a Senior Partner and Managing Director of Boston Consulting Group (BCG). During the year, the Institute received £39,306 from BCG for writing joint research projects, lecturing on 'The Imagination Machine' and hosting a dinner at the Royal Institution in London (2023: £4,064).” — page 45
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Mr Martin Reeves (a Trustee) is Chair of Boston Consulting Group Henderson Institute and a Senior Partner and Managing Director of Boston Consulting Group (BCG). During the year, the Institute received £39,306 from BCG for writing joint research projects, lecturing on 'The Imagination Machine' and hosting a dinner at the Royal Institution in London (2023: £4,064).
“Mr Florian Schuster (a Trustee) made a short-term interest-free loan of £50,000 to the Institute in July 2024; this was repaid in August 2024.” — page 45
“Mr Martin Reeves (a Trustee) is Chair of Boston Consulting Group Henderson Institute and a Senior Partner and Managing Director of Boston Consulting Group (BCG). During the year, the Institute received £39,306 from BCG for writing joint research projects, lecturing on 'The Imagination Machine' and hosting a dinner at the Royal Institution in London (2023: £4,064).” — page 45
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Included in other creditors is a balance of £236,252 due to Dr Thomas Fink, Trustee and Managing Director (2023: £97,637).
“Mr Florian Schuster (a Trustee) made a short-term interest-free loan of £50,000 to the Institute in July 2024; this was repaid in August 2024.” — page 45
“Mr Martin Reeves (a Trustee) is Chair of Boston Consulting Group Henderson Institute and a Senior Partner and Managing Director of Boston Consulting Group (BCG). During the year, the Institute received £39,306 from BCG for writing joint research projects, lecturing on 'The Imagination Machine' and hosting a dinner at the Royal Institution in London (2023: £4,064).” — page 45
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: At the balance sheet date, no amount was due from the Institute's wholly owned subsidiary, LIMS Ventures Limited (2023: £1,340,359).
“Mr Florian Schuster (a Trustee) made a short-term interest-free loan of £50,000 to the Institute in July 2024; this was repaid in August 2024.” — page 45
“Mr Martin Reeves (a Trustee) is Chair of Boston Consulting Group Henderson Institute and a Senior Partner and Managing Director of Boston Consulting Group (BCG). During the year, the Institute received £39,306 from BCG for writing joint research projects, lecturing on 'The Imagination Machine' and hosting a dinner at the Royal Institution in London (2023: £4,064).” — page 45
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Included in other debtors is a balance due from Mr Benjamin Lynch (Director of LIMS Ventures Limited) of £98,632 (2023: £113,752).
“Mr Florian Schuster (a Trustee) made a short-term interest-free loan of £50,000 to the Institute in July 2024; this was repaid in August 2024.” — page 45
“Mr Martin Reeves (a Trustee) is Chair of Boston Consulting Group Henderson Institute and a Senior Partner and Managing Director of Boston Consulting Group (BCG). During the year, the Institute received £39,306 from BCG for writing joint research projects, lecturing on 'The Imagination Machine' and hosting a dinner at the Royal Institution in London (2023: £4,064).” — page 45
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Public fundraising profile: JustGiving — London Institute for Mathematical Sciences (matched by registered charity number).

Funders the charity credits

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

Structured financials (annual return, FY ending 30/12/2024)

Total income
£907k
Total spending
£2.3m
Reserves (reported)
£0
Employees
14

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (100% 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

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

Operates in: City Of Westminster

Income and spending

Financial year endIncomeSpending
30/12/2024£907k£2.3m
30/12/2023£3.1m£1.9m
31/12/2022£910k£941k
31/12/2021£671k£831k
31/12/2020£535k£423k

Common questions

Is LONDON INSTITUTE FOR MATHEMATICAL SCIENCES financially healthy?

Per its FY2024 accounts: The accounts state that the Institute reported a net deficit of £1,353,160 for the year ended 30 December 2024, resulting in total funds being in deficit by £781,339. The Trustees consider the Institute to be a going concern, citing a network of high-net-worth donors and a proven fundraising team as support for future financial stability. Its FY2024 accounts were independently examined.

Who funds LONDON INSTITUTE FOR MATHEMATICAL SCIENCES?

Funders whose own accounts filings name LONDON INSTITUTE FOR MATHEMATICAL SCIENCES as a grant recipient include EDWARD HARVIST (ALSO KNOWN AS THE HARVIST ESTATE), THE ROSE FOUNDATION.

Known funders

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

FunderYearAmountPurpose (as stated by the funder)
EDWARD HARVIST (ALSO KNOWN AS THE HARVIST ESTATE)FY2022£5kStaff Sala nj cost 2021
THE ROSE FOUNDATIONFY2024£5k