INSTITUTE OF MANAGEMENT SERVICES
The Institute had as its main objective the promotion of the science, technology, practice and profession of Management Services, which results in the advancement of the efficiency, productivity and satisfaction of human work.
Financial health, per its FY2024 accounts
The accounts state that the charity's unrestricted reserves stood at £470,333 at the end of the financial year, which the trustees consider appropriate to ensure long-term viability. The trustees report that on current predictions, these reserves will sustain the Institute for more than ten years. The audit opinion confirms the financial statements give a true and fair view and there are no material uncertainties regarding going concern.
What the accounts disclose
“The Institute has a policy to maintain its reserves at a level that ensures the future financial viability of the Institute taking into consideration that the vast majority of members have life membership and only pay one initial membership subscription on joining. The current high level of reserves is considered appropriate to ensure the long-term viability of the Institute.” — page 5
“During the year 5 (2023 - 2) trustees were reimbursed travelling and out of pocket expenses amounting to £2,951 (2023 - £681). 2 trustees were also paid annual officer allowances amounting to £898.” — page 16
“During the year, an unrestricted donation was made by R M Currie Memorial Fund of £10,000. This donation was to help fund a new project of the institute.” — page 18
“Richard Taylor, a trustee of the Institute of Management Services is also a director and person with significant control of Scott-Grant Limited, the Institute's principle approved training provider. Scott-Grant Limited collect membership subscriptions, registration and exam fees on behalf of the charitable company. No commission is paid or retained.” — page 18
“During the year, an unrestricted donation was made by R M Currie Memorial Fund of £10,000. This donation was to help fund a new project of the institute.” — page 18
“Richard Taylor, a trustee of the Institute of Management Services is also a director and person with significant control of Scott-Grant Limited, the Institute's principle approved training provider. Scott-Grant Limited collect membership subscriptions, registration and exam fees on behalf of the charitable company. No commission is paid or retained.” — page 18
Trustees
- Mark Cooperchair
- RICHARD TAYLOR
- Stephen Percival
- Tracy Cuthbertson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £65k | £68k |
| 31/12/2023 | £67k | £63k |
| 31/12/2022 | £81k | £63k |
| 31/12/2021 | £45k | £43k |
| 31/12/2020 | £50k | £46k |
Common questions
Is INSTITUTE OF MANAGEMENT SERVICES financially healthy?
Per its FY2024 accounts: The accounts state that the charity's unrestricted reserves stood at £470,333 at the end of the financial year, which the trustees consider appropriate to ensure long-term viability. The trustees report that on current predictions, these reserves will sustain the Institute for more than ten years. The audit opinion confirms the financial statements give a true and fair view and there are no material uncertainties regarding going concern. Its FY2024 accounts were audited by Philip Barnes & Co Limited.