Finance Score: -4

Governance Score: 0

Support Score: 3

Poor Liquidity: -1
Good Reserves: +1Pension deficit: -5
Multiple Deficits: -2
Fundraising costs low: +3

No volunteer policy: -2
12+ Trustees: -1
Dynamic board: +3

Gov Income
Grant maker support: +3

Overall GiG Score: -1

THE INSTITUTE OF MATERIALS, MINERALS & MINING

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.

Analysis by Giving is Great

Positives:

The charity has received Government grants
Fundraising costs are low relative to funds raised
The Board appears to be dynamic in terms of composition

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return
Although this charity works with volunteers it does not have a Volunteer Management policy
There are 15 trustees whereas the Charities Commission recommends a maximum of 12
Over half the Board have joined recently

Financial issues to consider:

Liquidity appears to have been slender at the latest year end but very substantial unrestricted reserves are available
There is a pension deficit of £2,989,000
On several occasions in recent years income has been less than spending

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/12/22		£3,997	£3,983	£14	£236	£16,316	£13,997	42.2	41	750
31/12/21		£3,859	£3,922	£-63	£202	£17,273	£14,734	45.1	44	150
31/12/20		£3,459	£3,801	£-342	£172	£15,203	£12,806	40.4	51	150
31/12/19		£4,308	£4,902	£-594	£251	£16,330	£13,897	34	52	100
31/12/18		£4,007	£6,875	£-2,868	£227	£16,804	£14,615	25.5	50	100
31/12/17		£4,164	£4,735	£-571	£289	£20,071	£17,748	45	52	0
31/12/16		£3,542	£4,533	£-991	£155	£20,078	£17,895	47.4	57	0
31/12/15		£3,666	£5,313	£-1,647	£388	£20,612	£18,569	41.9	55	0
31/12/14		£19,702	£6,688	£13,014	£624	£22,166	£20,155	36.2	56	0
31/12/13		£5,689	£6,162	£-473	£135	£10,049	£4,454	8.7	61	0
31/12/12		£6,114	£6,308	£-194	£539	£9,714	£7,878	15	55	0
31/12/11		£6,062	£5,908	£154	£589	£9,404	£7,639	15.5	52	0
31/12/10		£6,649	£6,485	£164	£610	£10,510	£8,718	16.1	54	0
31/12/09		£6,474	£6,753	£-279	£606	£9,228	£7,530	13.4	55	0
31/12/08		£6,611	£6,434	£177	£652	£8,992	£7,413	13.8	55	0
31/12/07	*	£2,891	£2,534	£356	£619	£10,095	£8,838	41.8	55	0
31/12/06		£3,101	£2,387	£715	£0	£0	£0	n/a	0	0
31/12/05		£2,712	£2,515	£196	£0	£0	£0	n/a	0	0
31/12/04		£2,244	£2,292	£-48	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 7%
Fundraising Costs/Total Spending: 5.9%
Senior Staff Costs/Total Spending: 12%
Highest pay band: £110,000-£120,000
Liabilities/Assets: 13%
Liabilities/Income: 73%
Unrestricted Funds/Total Funds: 86%
Reserves/Spending: 42.2 months
Net Current Assets/Spending: -4 months
Quick Ratio: 0

Asset Split ?

Established: 49 years

www.iom3.org

directorate@iom3.org

02074517300

Charity Commission for England and Wales

Listed activities

Education/Training

GiG Classification

Professional associations

How it operates

Provides advocacy/advice/information

Where it operates

Throughout England And Wales,

Who it helps

The General Public/Mankind

Who works here?

41 employees
750 volunteers

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (15)

Current Trustees appointed

Gender Split

Based on 14/15 persons

CHRISTINE ANNE BLACKMORE Appointed: 2020

DR ALEXANDER NORORI-MCCORMAC Appointed: 2024

DR DANIEL PARVAZ Appointed: 2023

DR GRAHAM ALAN ORMONDROYD Appointed: 2022

DR ILIJA RASOVIC Appointed: 2024, Other trusteeship: BREAK OFF LABS,

DR KATE THORNTON Appointed: 2015

DR MICHAEL RAYMOND CLINCH Appointed: 2013

JASON MATTHEW WEBB Appointed: 2023

JUDITH ALLAN Appointed: 2022

MARTIN CHRISTIAN COX Appointed: 2022

MARTYN ANTHONY JONES Appointed: 2020

THOMAS ROWLAND HILL Appointed: 2023

DR DAVID ANDREW STEWART Appointed: 2022, Other trusteeship: IOM3 EDUCATION AND OUTREACH TRUST,

NEIL EDWARD GLOVER (Chair) Appointed: 2018, Other trusteeship: THE SOUTH STAFFORDSHIRE AND SOUTH MIDLANDS INSTITUTE OF MINING ENGINEERS,

IAN RICHARD MARCHANT Appointed: 2023, Occupation: Consultant, Other trusteeship: THE NATIONAL EXAMINATION BOARD IN OCCUPATIONAL SAFETY AND HEALTH,

Legal constitution

Charity registered in England & Wales on 12/02/1975, number: 269275

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Conflicting interests
Investment
Paying staff
Risk management
Safeguarding vulnerable beneficiaries

Filing Record

19 returns made; AR07: 1 days late,

Main office

Institute of Materials Minerals & M
& MINING
297 Euston Road
LONDON
NW1 3AD

Objectives

TO ADVANCE AND DEVELOP ALL ASPECTS OF SCIENCE, ENGINEERING AND TECHNOLOGY AS APPLIED TO THE DISCOVERY, EXPLORATION, DEVELOPMENT, CHARACTERISATION, EXPLOITATION, PROCESSING, APPLICATION AND RECYCLING OF MATERIALS, MINERALS AND FUELS, TO FURTHER AND CO-ORDINATE EDUCATION, TRAINING AND PRACTISE IN THESE DISCIPLINES AND TO FACILITATE THE ACQUISITION, PRESERVATION AND DISSEMINATION OF KNOWLEDGE PERTAINING TO THESE DISCIPLINES, PROVIDED THAT IN PURSUING THESE OBJECTS, IN SO FAR AS THEY MAY BE SIMILAR TO THOSE OF EXISTING ORGANISATIONS, THE INSTITUTE SHALL USE ITS BEST ENDEAVOURS TO CO-OPERATE WITH THEM AND TO ENSURE THAT ITS ACTIVITIES ARE COMPLEMENTARY TO THOSE OF SUCH ORGANISATIONS

Defined Area of Benefit:

NOT DEFINED

Data Sources