THE INSTITUTE OF MATERIALS, MINERALS & MINING

Registered charity 269275 · accounts filings on the Charity Commission register · also known as IOM3

To promote the science, design, engineering and technology of materials, minerals and mining and their practical applications.To facilitate qualifications, professional recognition and development, and to deliver knowledge, information and networking services to a global membership and wider community.

Causes: Education/training · website · Get email alerts

Latest income

£5.2m

Latest spending

£5.0m

Registered

1975

Accounts read

FY2024

Financial health, per its FY2024 accounts

The accounts state that the Institute generated an operating surplus of £113k for the year ended 31 December 2024, reversing a deficit from the previous year. Per the trustees' report, unrestricted investments were valued at £5,024k, representing 114% of the budgeted operating expenditure for 2025, which the trustees consider sufficient to achieve long-term objectives.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Membership subscriptions (32% of income)

“Membership subscriptions £1,666 / 32%”

Per its FY2024 accounts as filed with the Charity Commission.

Reserves policy: one year (held: £5.0m)

“Retain sufficient liquid reserves to cover the future expenditure of charitable, management and administrative costs of up to one year.” — page 57

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: Judith Allan provided training services to the Institute.

“Judith Allan provided training services during 2023 to the Institute. The value of these services during the year was £nil (2023 - £635). At 31 December the balance due to Allan was £nil (2023 - £nil).”

Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by HaysMac LLP. Discloses 4 of 6 completeness components.

Funders the charity credits

Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).

UKRI-NERC — “A UKRI-NERC sponsored Centre for Doctoral Training TARGET will support the training and development of researchers engaged in the challenge …” (source page)
EPSRC — “CENTS is an EPSRC-funded Research Network for the Sustainable Transport Community, with a focus on applying circular economy principles to o…” (source page)
Engineering and Physical Science Research Council — “In recognition of the global and national importance of these industries, the Engineering and Physical Science Research Council has awarded …” (source page)

Public profiles (found on the charity’s own website): facebook · instagram · linkedin

Structured financials (annual return, FY ending 31/12/2024)

Total income

£5.2m

Total spending

£5.0m

Cost of raising funds

£421k

Reserves (reported)

£12.0m

Employees

Reported reserves equal ~28.6 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Charitable activities (85% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 8.2% of total income — above the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

Christine Anne Blackmore
Dr Alexander Norori-McCormac · trustee of 1 other charity
Dr Andrew Chistopher Spowage
Dr Colleen Mann · trustee of 1 other charity
Dr David Andrew Stewart · trustee of 1 other charity
Dr Duncan Andrew Broughton
Dr Graham Alan Ormondroyd
Dr Kate Thornton
Dr Michael Kenyon
Dr Michael Raymond Clinch
Dr Richard Michael Oblath
Ian Richard Marchant
Jason Matthew Webb
Martyn Anthony Jones
Thomas Rowland Hill

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

Operates in: Throughout England And Wales

Income and spending

Financial year end	Income	Spending
31/12/2024	£5.2m	£5.0m
31/12/2023	£4.8m	£8.0m
31/12/2022	£4.0m	£4.0m
31/12/2021	£3.9m	£3.9m
31/12/2020	£3.5m	£3.8m

Common questions

Is THE INSTITUTE OF MATERIALS, MINERALS & MINING financially healthy?

Per its FY2024 accounts: The accounts state that the Institute generated an operating surplus of £113k for the year ended 31 December 2024, reversing a deficit from the previous year. Per the trustees' report, unrestricted investments were valued at £5,024k, representing 114% of the budgeted operating expenditure for 2025, which the trustees consider sufficient to achieve long-term objectives. Its FY2024 accounts were audited by HaysMac LLP.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE INSTITUTE OF QUARRYING.

THE INSTITUTE OF QUARRYING income £1.4m
THE INSTITUTE OF MATHEMATICS AND ITS APPLICATIONS income £1.3m
THE INSTITUTION OF MECHANICAL ENGINEERS income £28.3m
INSTITUTE OF CORROSION income £857k
THE INSTITUTE OF MEASUREMENT AND CONTROL income £524k
THE INSTITUTION OF STRUCTURAL ENGINEERS income £9.3m

Side by side with its peers

Charity	Income	Top pay band	Staff >£60k	Reserves vs policy	Fundraising cost	Going concern
THE INSTITUTE OF MATERIALS, MINERALS & MINING	£5.2m	—	—	above	—	no doubt
THE INSTITUTE OF QUARRYING FY2024	£1.4m	—	—	unclear	—	no doubt
THE INSTITUTE OF MATHEMATICS AND ITS APPLICATIONS FY2024	£1.3m	—	—	above	—	no doubt
THE INSTITUTION OF MECHANICAL ENGINEERS FY2025	£28.3m	—	—	unclear	—	no doubt
INSTITUTE OF CORROSION FY2025	£857k	—	0	unclear	—	no doubt
THE INSTITUTE OF MEASUREMENT AND CONTROL FY2024	£524k	—	—	above	—	no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.