Charity Accounts Intelreading the accounts so you don’t have to

THE INSTITUTE OF AUTOMOTIVE ENGINEER ASSESSORS

Registered charity 273452 · accounts filings on the Charity Commission register · also known as IAEA

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.

Causes: Education/training · website · Get email alerts

Latest income
£313k
Latest spending
£182k
Registered
1977
Accounts read
FY2024

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.

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

What the accounts disclose

Payments to trustees: Mr M Taylor received £888 and Mr G Hunt received £1,636 for professional services.
“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
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Payment for professional services
“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
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Trustees · trustee networks

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

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

Income and spending

Financial year endIncomeSpending
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.