Charity Accounts Intelreading the accounts so you don’t have to

THE INSTITUTE OF MARINE ENGINEERING, SCIENCE AND TECHNOLOGY

Registered charity 212992 · accounts filings on the Charity Commission register · also known as IMAREST

Get email alerts for this charity

Latest income
£3.1m
Latest spending
£3.8m
Registered
1963
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that total net assets decreased to £11,948K from £12,185K in the prior year, driven by a net deficit on charitable activities and a reduction in unrestricted investment assets. The charity maintains free reserves of £6.7M, which exceeds its stated minimum policy target of £5.0M, and the trustees consider there to be no material uncertainties regarding the group's ability to continue as a going concern.

What the accounts disclose

Reserves policy: A minimum target of £5.0M (held: £6.7m)
“A minimum target of £5.0M was set in 2024 for the Unrestricted Free Reserves.” — page 16
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The Institute provides certain services to the Guild of Benevolence of the IMarEST, which is a separate and independent charity. The Institute provides certain services to the Guild for which charges are made based on the costs incurred by the Institute.
“The Institute has a close working relationship with the Guild of Benevolence of the IMarEST, which is a separate and independent charity. The Institute provides certain services to the Guild for which charges are made based on the costs incurred by the Institute.” — page 18
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: Marine Management (Holdings) Limited, MAREST (S) PTE Limited, Marine Exhibitions Limited
“The Group accounts consolidate those of the Charity and its wholly owned non-charitable trading subsidiaries: Marine Management (Holdings) Limited, MAREST (S) Pte Limited and Marine Exhibitions Ltd.” — page 28
Per its FY2025 accounts as filed with the Charity Commission.

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

Leadership, per the charity’s website

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

Structured financials (annual return, FY ending 30/09/2025)

Total income
£3.1m
Total spending
£3.8m
Reserves (reported)
£7.2m
Employees
28

Reported reserves equal ~22.8 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Australia · Bangladesh · Belgium · Bermuda · Burma · Cyprus · Egypt · Greece · Hong Kong · Indonesia · Ireland · Isle Of Man

Income and spending

Financial year endIncomeSpending
30/09/2025£3.1m£3.8m
30/09/2024£3.1m£3.4m
30/09/2023£3.0m£3.1m
30/09/2022£2.9m£2.8m
30/09/2021£2.9m£2.9m

Common questions

Is THE INSTITUTE OF MARINE ENGINEERING, SCIENCE AND TECHNOLOGY financially healthy?

The accounts state that total net assets decreased to £11,948K from £12,185K in the prior year, driven by a net deficit on charitable activities and a reduction in unrestricted investment assets. The charity maintains free reserves of £6.7M, which exceeds its stated minimum policy target of £5.0M, and the trustees consider there to be no material uncertainties regarding the group's ability to continue as a going concern. Its FY2025 accounts were audited by Buzzacott Audit LLP.