THE MEMBERS BENEVOLENT TRUST OF THE INSTITUTE OF MATERIALS, MINERALS AND MINING
To provide assistance to Members and member's dependants where and when determined to be needed.
Objects
THE OBJECTS OF THE CIO (THE “OBJECTS”) ARE TO RAISE AND MAINTAIN, BY DONATIONS AND VOLUNTARY SUBSCRIPTIONS, A FUND WHICH SHALL BE DEVOTED TO THE RELIEF OF:(A) PERSONS WHO ARE MEMBERS OR FORMER MEMBERS, OR CURRENT OR FORMER PERMANENT EMPLOYEES OF MORE THAN TWO YEARS’ STANDING, OF THE INSTITUTE OF MATERIALS, MINERALS AND MINING OR OF BODIES WHICH HAVE MERGED WITH, OR BEEN ABSORBED BY, THE INSTITUTE, WHETHER BEFORE THE DATE OF THIS DEED OR OTHERWISE (“ABSORBED BODIES”), OR OF BODIES WHICH WERE ABSORBED BY SUCH ABSORBEDBODIES; AND(B) THE SPOUSES, WIDOWS, WIDOWERS, PARENTS, CHILDREN, GRANDCHILDREN, OR DEPENDANTS, OF THOSE NAMED IN (A) ABOVE, WHETHER SUCH PERSONS ARE ALIVE OR DECEASED, WHO ARE NECESSITOUS BY REASON OF DEATH, ILLNESS, REDUCED CIRCUMSTANCES OR SOCIAL DISTRESS, AND TO PROVIDE ASSISTANCE TO THE SAID PERSONS IN THE FORM OF PERSONAL CONTACTS, ADVICE AND SUCH FINANCIAL DISBURSEMENTS AS THE BOARD DEEMS APPROPRIATE.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £2,555,147, which exceeds the stated policy target of one year’s charitable expenditure. The charity reported a net increase in funds for the period, supported by investment growth and donations, while maintaining a positive cash position.
What the accounts disclose
“This would normally be one year’s charitable expenditure.”
Policies the charity declares
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
Register events
- Received assets from another charity (07/02/2026)
Trustees
- Peter Matthew Waughchair
- Charles Rhodes
- Dr CHRISTOPHER CORTI
- Dr Carlos Lledo Fernandez
- Dr Cheryll Pitt
- Dr Ross John Freeman
- Dr Stephen Jeremy Paterson
- JOHN KAILOFER
- JULIAN BENNETT
- Michael James Beeson
- Paul Howard Marsden
- Peter James Hoddinott
- STEPHEN DAWE
- Sarah Boad
- Trevor Fletcher
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £87k | £38k |
| 31/12/2024 | £86k | £60k |
| 10/11/2023 | £76k | £44k |
Common questions
Is THE MEMBERS BENEVOLENT TRUST OF THE INSTITUTE OF MATERIALS, MINERALS AND MINING financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £2,555,147, which exceeds the stated policy target of one year’s charitable expenditure. The charity reported a net increase in funds for the period, supported by investment growth and donations, while maintaining a positive cash position. Its FY2024 accounts were independently examined.