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THE INSTITUTE OF ADVANCED MOTORISTS LIMITED

Registered charity 249002 · accounts filings on the Charity Commission register · also known as I A M, IAM, IAM ROADSMART · also registered in Scotland as SC041201 (OSCR)

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Latest income
£6.5m
Latest spending
£7.5m
Registered
1966
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net deficit of £666k for the year, driven by investment losses and sustained operating deficits, resulting in a decrease in net assets to £6.593m. Per the trustees' report, free reserves of £6.59m are considered adequate, representing approximately nine months of operating expenses plus funds for the three-year transformation plan. The trustees confirmed that the going concern basis remains appropriate following stress tests involving significant income reductions and investment portfolio declines.

What the accounts disclose

Reserves policy: 6 to 9 months of operating expenses (held: £6.6m)
“The outcome of that review provided that the appropriate minimum level of reserves at £4.7m for the organisation to hold is between 6 and 9 months of operating expenses” — page 12
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Crowe U.K. LLP. Discloses 4 of 6 completeness components.

Public fundraising profile: JustGiving — IAM RoadSmart (matched by registered charity number).

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 31/03/2025)

Total income
£6.5m
Total spending
£7.5m
Cost of raising funds
£2.9m
Reserves (reported)
£5.5m
Employees
68

Reported reserves equal ~8.8 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

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Trustees

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

Operates in: Northern Ireland · Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/03/2025£6.5m£7.5m
31/03/2024£6.5m£7.0m
31/03/2023£6.2m£7.2m
31/03/2022£6.3m£6.4m
31/03/2021£5.7m£5.7m

Common questions

Is THE INSTITUTE OF ADVANCED MOTORISTS LIMITED financially healthy?

The accounts state that the charity reported a net deficit of £666k for the year, driven by investment losses and sustained operating deficits, resulting in a decrease in net assets to £6.593m. Per the trustees' report, free reserves of £6.59m are considered adequate, representing approximately nine months of operating expenses plus funds for the three-year transformation plan. The trustees confirmed that the going concern basis remains appropriate following stress tests involving significant income reductions and investment portfolio declines. Its FY2024 accounts were audited by Crowe U.K. LLP.