THE INSTITUTE OF AUTOMOTIVE ENGINEER ASSESSORS
To promote and develop for the public benefit the science of the design, manufacture and related technology of motor vehicles and the science of their repair; and to further public education therein.
Objects
(A) TO PROMOTE AND DEVELOP FOR THE PUBLIC BENEFIT THE SCIENCE OF THE DESIGN, MANUFACTURE AND RELATED TECHNOLOGY OF MOTOR VEHICLES AND THE SCIENCE OF THE REPAIR OF THE RISKS ARISING FROM THE USE OF ROAD VEHICLES AND TO FURTHER PUBLIC EDUCATION THEREIN. (B) TO ADVANCE THE STUDY OF THE SAID SCIENCES, TO PROMOTE RESEARCH WORK THEREIN AND IN RELATED SUBJECTS AND TO PUBLISH THE RESULTS OF SUCH RESEARCH.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a surplus of £130,943 for the year ended 31 December 2024, reversing a previous deficit. Free reserves stood at £702,018, which is above the trustees' target range of £475,000 to £525,000, providing a buffer against membership decline. The trustees confirmed that the going concern basis is appropriate due to these reserve balances and anticipated revenue streams.
What the accounts disclose
“During the year the following trustees received payment in respect of professional services provided to the charity for vehicle benchmarking and related travel expenses: Mr M Taylor £888 Mr G Hunt £1,636” — page 20
“During the year the following trustees received payment in respect of professional services provided to the charity for vehicle benchmarking and related travel expenses: Mr M Taylor £888 Mr G Hunt £1,636” — page 20
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Risk management
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
- ANTHONY SIMPSON
- CHRISTOPHER JONES
- Christopher Darren Aplin
- Christopher Kenneth Robins
- Darren Power
- David Punter
- Gary John Hunt
- Karen Ashton
- LESLIE TERENCE MINTON
- Mark David Wells
- Matthew Taylor
- Philip J Roath
- Philip Jon Briggs
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £313k | £182k |
| 31/12/2023 | £204k | £258k |
| 31/12/2022 | £196k | £220k |
| 31/12/2021 | £196k | £191k |
| 31/12/2020 | £206k | £223k |
Common questions
Is THE INSTITUTE OF AUTOMOTIVE ENGINEER ASSESSORS financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a surplus of £130,943 for the year ended 31 December 2024, reversing a previous deficit. Free reserves stood at £702,018, which is above the trustees' target range of £475,000 to £525,000, providing a buffer against membership decline. The trustees confirmed that the going concern basis is appropriate due to these reserve balances and anticipated revenue streams. Its FY2024 accounts were independently examined.