THE INSTITUTE OF QUARRYING BENEVOLENT FUND
To provide assistance to members and former members of the Institute or their families who have come upon hard times.
Financial health, per its FY2024 accounts
The accounts state that the charity holds unrestricted reserves of £4,221,903, which the trustees note are required to provide revenue for grants to necessitous members. The charity reported a net surplus of £31,267 for the year, driven by significant gains on investments, while charitable expenditure on grants totaled £25,144. The trustees confirmed the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
Trustees
- Ben Charles Williamschair
- Brian Wiltshire
- James Edward Thorne
- John McGough
- KENNETH JOHN BRADLEY
- Lisa Joy Saunders
- Louise Sandra White
- Nigel Morton
- Russell David Mason
- Tyrone John Partridge
- Vivian Geoffrey Russell
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £32k | £53k |
| 31/12/2023 | £26k | £57k |
| 31/12/2022 | £21k | £59k |
| 31/12/2021 | £20k | £45k |
| 31/12/2020 | £56k | £31k |
Common questions
Is THE INSTITUTE OF QUARRYING BENEVOLENT FUND financially healthy?
Per its FY2024 accounts: The accounts state that the charity holds unrestricted reserves of £4,221,903, which the trustees note are required to provide revenue for grants to necessitous members. The charity reported a net surplus of £31,267 for the year, driven by significant gains on investments, while charitable expenditure on grants totaled £25,144. The trustees confirmed the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were audited by Dains Audit Limited.