THE INSTITUTE OF QUARRYING
Financial health, per its FY2022 accounts
The accounts state that the charity reported a net deficit of £236,887 for the year ended 31 December 2022, primarily due to investment in the National Stone Centre project and a downturn in investment income. Despite this deficit, the trustees consider the unrestricted reserves of £3,509,764 to be adequate to maintain the charity's ability to carry out its stated objectives and meet its liabilities.
What the accounts disclose
“On 19 January 2022 the Charitable Company acquired the National Stone Centre and its subsidiary NSC Go Ltd for no consideration.” — page 50
Leadership, per the charity’s website
- Ben Williams — President
- Ben Uphill — Chair
- James Thorne — Joint CEO
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Benjamin Charles Williams
- Benjamin Mark Uphill
- David Anthony Bagshaw
- Dr Helen Katherine Bailey-Watkins
- James Stuart Whitelaw
- Kenneth Andrew Meadows
- Paul Francis William Cottrell
- Robert Maurice-Jones
- Steven Richard Godfrey
- Vivian Geoffrey Russell
- Wayne Thomas David Darwin
- William James Hardcastle
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.2m | £1.3m |
| 31/12/2023 | £1.0m | £1.3m |
| 31/12/2022 | £1.2m | £1.4m |
| 31/12/2021 | £611k | £1.0m |
| 31/12/2020 | £726k | £826k |
Common questions
Is THE INSTITUTE OF QUARRYING financially healthy?
The accounts state that the charity reported a net deficit of £236,887 for the year ended 31 December 2022, primarily due to investment in the National Stone Centre project and a downturn in investment income. Despite this deficit, the trustees consider the unrestricted reserves of £3,509,764 to be adequate to maintain the charity's ability to carry out its stated objectives and meet its liabilities. Its FY2022 accounts were audited by Dains Audit Limited.