INSTITUTE OF CAST METALS ENGINEERS
Technical support and information; use of library; registration with Engineering Council for Internationally recognised professional grades.
Latest income
£296k
Latest spending
£339k
Registered
1967
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £469,462, which the trustees consider sufficient to support the charity moving forward. The charity reported a net expenditure for the year, with total income of £295,667 against total expenditure of £339,042. The trustees maintain a reserves policy target of six months of expenditure, estimated at around £150,000.
What the accounts disclose
Largest income source: Training services (72% of income)
“The Institute's principal source of during is membership subscriptions amounting to £57k and training income amounting to £212k for the year to 31st of December 2024.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: six months of expenditure (held: £469k)
“The Trustees estimate that a sufficient level of reserves to hold would be equivalent to 6 months of expenditure, (around £150k).” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Foundry Training Services Ltd
“A company in which D Pritchard, a trustee of the charity, is a director. During the year the related party invoiced the charity £Nil (2023: £38,567) for course training material and resources. Recharges of ENil (£208) were made by the charity for the use of the photocopier by the related party.” — page 26
“Acompany in which M J Dudley, a trustee of the charity, is a director. During 2022 the charity invoiced Thomas Dudley Limited, course fees totaling £10,000 of which £4,286 was deferred to the financial year ended 31st December 2023. During 2024 the charity invoiced Thomas Dudley Limited, course fees totaling £5,250 of which £3,000 was deferred to the financial year ended 31st December 2025. Tickets and sponsorship totaling £886 (2023 : £Nil) was also received during 2024.” — page 26
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Thomas Dudley Ltd
“A company in which D Pritchard, a trustee of the charity, is a director. During the year the related party invoiced the charity £Nil (2023: £38,567) for course training material and resources. Recharges of ENil (£208) were made by the charity for the use of the photocopier by the related party.” — page 26
“Acompany in which M J Dudley, a trustee of the charity, is a director. During 2022 the charity invoiced Thomas Dudley Limited, course fees totaling £10,000 of which £4,286 was deferred to the financial year ended 31st December 2023. During 2024 the charity invoiced Thomas Dudley Limited, course fees totaling £5,250 of which £3,000 was deferred to the financial year ended 31st December 2025. Tickets and sponsorship totaling £886 (2023 : £Nil) was also received during 2024.” — page 26
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: William Lee Ltd
“A company in which D Pritchard, a trustee of the charity, is a director. During the year the related party invoiced the charity £Nil (2023: £38,567) for course training material and resources. Recharges of ENil (£208) were made by the charity for the use of the photocopier by the related party.” — page 26
“Acompany in which M J Dudley, a trustee of the charity, is a director. During 2022 the charity invoiced Thomas Dudley Limited, course fees totaling £10,000 of which £4,286 was deferred to the financial year ended 31st December 2023. During 2024 the charity invoiced Thomas Dudley Limited, course fees totaling £5,250 of which £3,000 was deferred to the financial year ended 31st December 2025. Tickets and sponsorship totaling £886 (2023 : £Nil) was also received during 2024.” — page 26
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Foundry Equipment and Supplies Association Ltd
“A company in which D Pritchard, a trustee of the charity, is a director. During the year the related party invoiced the charity £Nil (2023: £38,567) for course training material and resources. Recharges of ENil (£208) were made by the charity for the use of the photocopier by the related party.” — page 26
“Acompany in which M J Dudley, a trustee of the charity, is a director. During 2022 the charity invoiced Thomas Dudley Limited, course fees totaling £10,000 of which £4,286 was deferred to the financial year ended 31st December 2023. During 2024 the charity invoiced Thomas Dudley Limited, course fees totaling £5,250 of which £3,000 was deferred to the financial year ended 31st December 2025. Tickets and sponsorship totaling £886 (2023 : £Nil) was also received during 2024.” — page 26
Per its FY2024 accounts as filed with the Charity Commission.
Trustees
- Simon Alexander FICMEchair
- Andrew Laing
- Anthony Evans FICME
- Dr Arron Rimmer
- Dr Pamela Murrell
- EurIng Andrew Turner
- Lynn Postle
- Richard Cairns Prof MICME
- Toni Carannante
- Trevor Ayre FICME
- Trevor Stevenson FICME
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £296k | £339k |
| 31/12/2023 | £312k | £298k |
| 31/12/2022 | £177k | £275k |
| 31/12/2021 | £83k | £205k |
| 31/12/2020 | £85k | £223k |
Common questions
Is INSTITUTE OF CAST METALS ENGINEERS financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £469,462, which the trustees consider sufficient to support the charity moving forward. The charity reported a net expenditure for the year, with total income of £295,667 against total expenditure of £339,042. The trustees maintain a reserves policy target of six months of expenditure, estimated at around £150,000. Its FY2024 accounts were audited by Price Pearson Limited.
Who funds INSTITUTE OF CAST METALS ENGINEERS?
Funders whose own accounts filings name INSTITUTE OF CAST METALS ENGINEERS as a grant recipient include SIR ROBERT GEFFERY'S ALMSHOUSE TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| SIR ROBERT GEFFERY'S ALMSHOUSE TRUST | FY2023 | £8k | Grant funding of activities |
| SIR ROBERT GEFFERY'S ALMSHOUSE TRUST | FY2025 | £4k | |
| SIR ROBERT GEFFERY'S ALMSHOUSE TRUST | FY2024 | £2k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MASTER CHARITABLE TRUST | 1 | £323k |
| PRISM THE GIFT FUND | 1 | £219k |
| THE INSTITUTION OF CIVIL ENGINEERS | 1 | £143k |
| ST ALDHELM'S CHAPEL TRUST | 1 | £60k |
| THE BORROWS CHARITABLE TRUST | 1 | £10k |
Charities like this
- ROYAL ENGINEERS CENTRAL CHARITABLE TRUST
- THE ZOCHONIS CHARITABLE TRUST
- BNJC
- SALTERS' CHARITABLE FOUNDATION
- ICHTHUS CHRISTIAN FELLOWSHIP
- THE CSJ FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| INSTITUTE OF CAST METALS ENGINEERS | £296k | — | 0 | unclear | — | no doubt |
| ROYAL ENGINEERS CENTRAL CHARITABLE TRUST | £1.5m | — | 0 | unclear | — | no doubt |
| THE ZOCHONIS CHARITABLE TRUST | £2.3m | — | 0 | above | — | no doubt |
| BNJC | £4.1m | — | — | unclear | — | no doubt |
| SALTERS' CHARITABLE FOUNDATION | £267k | — | 0 | unclear | — | no doubt |
| ICHTHUS CHRISTIAN FELLOWSHIP | £1.5m | — | 0 | above | — | no doubt |