THE INSTITUTE OF MATERIALS, MINERALS & MINING
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.
What the accounts disclose
“Retain sufficient liquid reserves to cover the future expenditure of charitable, management and administrative costs of up to one year.” — page 57
“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).”
Funders the charity credits
- UKRI-NERC
- EPSRC
- Engineering and Physical Science Research Council
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Christine Anne Blackmore
- Dr Alexander Norori-McCormac
- Dr Andrew Chistopher Spowage
- Dr Colleen Mann
- Dr David Andrew Stewart
- 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
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?
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.