THE INSTITUTE OF MATHEMATICS AND ITS APPLICATIONS

Charity number: 1017777
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

The Institute promotes and supports understanding, teaching, research and applications of mathematics.

Income and expenditure

Data for financial year ending 31 December 2023

Total income:
£1,267,610

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Donations and legacies £38
Charitable activities £1.26m
Other trading activities £0
Investments £10.46k
Other £0

Total expenditure:
£1,197,017

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Raising funds £0
Charitable activities £1.20m
Other £0

£0 investments gains (losses)

Total income includes £145,098 from 1 government contract(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £0
Charitable expenditure £1.20m
Retained for future use £70.59k

People

19 Employee(s)

24 Trustee(s)

200 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£70k to £80k 1

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
Who the charity helps:
  • Children/young People
  • Other Charities Or Voluntary Bodies
  • Other Defined Groups
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Individuals
  • Makes Grants To Organisations
  • Provides Human Resources
  • Provides Services
  • Provides Advocacy/advice/information
  • Sponsors Or Undertakes Research
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 01 March 1993: Standard registration
Organisation type:
Other
Other names:

No other names

Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Engaging external speakers at charity events policy and procedures
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Risk management
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

24 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Professor Hannah Fry Chair 01 January 2024
None on record
Professor Stephen Lynch Trustee 01 January 2025
None on record
Dr Andrew Stephen Harrison Trustee 01 January 2025
None on record
Dr Richard Gilmour Eric Pinch Trustee 01 July 2024
None on record
Professor Alexander Charles Richard Belton Trustee 01 July 2024
None on record
Dr Keith Briggs Trustee 30 June 2024
None on record
Dr Howard Phillip Haughton Trustee 30 June 2024
None on record
Dr Sophie Carr Trustee 30 June 2024
ROYAL STATISTICAL SOCIETY
Received: On time
Dr Rosalyn Beverley Porter Trustee 01 January 2024
None on record
Dr Anastasia Sofroniou Trustee 01 January 2024
None on record
Nathan Turner Trustee 01 January 2024
None on record
Claire Baldwin Trustee 01 July 2023
ASSOCIATION FOR MATHEMATICS IN EDUCATION
Recently registered
Professor Anthony Charles Croft Trustee 01 July 2023
None on record
Emma Louise Bowley Trustee 01 January 2023
None on record
PROFESSOR CATHERINE ANN HOBBS Trustee 01 January 2023
THE LONDON MATHEMATICAL SOCIETY
Received: On time
Declan Stephen Bays Trustee 01 July 2022
None on record
Dr Eduard Campillo Funollet Trustee 29 June 2022
None on record
PROFESSOR CHRISTOPHER BUDD OBE Trustee 01 June 2022
None on record
Professor Timothy Nigel Phillips Trustee 01 June 2022
None on record
Professor Paul Alexander Glendinning FRSE Trustee 01 January 2022
None on record
Professor Paul Glaister Trustee 01 January 2021
THE MATHEMATICAL ASSOCIATION
Received: On time
PROFESSOR ALISTAIR DAVID FITT Trustee 02 January 2020
THE OXFORD TRUST
Received: On time
Dr Nira Cyril Chamberlain OBE Trustee 01 January 2020
None on record
Professor Andrew Harold Osbaldestin Trustee 27 June 2018
None on record

Financial history

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Financial period end date

Income / Expenditure 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Total gross income £1.29m £1.17m £1.07m £1.10m £1.27m
Total expenditure £1.20m £935.41k £999.16k £1.12m £1.20m
Income from government contracts N/A N/A N/A £103.58k £145.10k
Income from government grants £137.79k £128.05k £119.92k N/A N/A
Income - Donations and legacies £410 £250 £15.06k £16.88k £38
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £1.28m £1.16m £1.05m £1.08m £1.26m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £8.58k £8.52k £4.77k £4.42k £10.46k
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £15.06k £16.88k £0
Expenditure - Charitable activities £1.20m £935.41k £999.16k £1.12m £1.20m
Expenditure - Raising funds £0 £0 £0 £0 £0
Expenditure - Governance £160.44k £107.23k £121.55k £55.21k £97.17k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Own use assets £114.75k £111.98k £103.19k £93.54k £95.55k
Long-term investments £0 £0 £0 £0 £0
Other assets £1.53m £1.73m £1.85m £1.78m £1.88m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £459.87k £428.61k £473.13k £415.86k £449.95k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 December 2023 28 October 2024 On Time
Accounts and TAR 31 December 2023 28 October 2024 On Time Download Open in new window
Annual return 31 December 2022 19 October 2023 On Time
Accounts and TAR 31 December 2022 19 October 2023 On Time Download Open in new window
Annual return 31 December 2021 01 September 2022 On Time
Accounts and TAR 31 December 2021 01 September 2022 On Time Download Open in new window
Annual return 31 December 2020 05 July 2021 On Time
Accounts and TAR 31 December 2020 05 July 2021 On Time Download Open in new window
Annual return 31 December 2019 04 August 2020 On Time
Accounts and TAR 31 December 2019 04 August 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

ROYAL CHARTER 07 JUN 1990 AS AMENDED BY ORDER DATED 30 OCT 1997 AS AMENDED BY ORDER DATED 10 MAR 1999 AS AMENDED BY ORDER DATED 03 JUL 2002 AS AMENDED BY ORDER DATED 05 NOV 2008 AS AMENDED BY ORDER DATED 01 JUL 2015

Charitable objects

THE OBJECTS OF THE INSTITUTE SHALL BE:- (I) TO ADVANCE MATHEMATICS AND ITS APPLICATIONS IN ALL AREAS INCLUDING COMMERCE,ENGINEERING, FINANCE, HEALTH, INDUSTRY, SCIENTIFIC AND OTHER ACADEMIC DISCIPLINES AND THE PUBLIC SECTOR AND TO PROMOTE AND FOSTER RESEARCH AND OTHER ENQUIRIES DIRECTED TO THE ADVANCEMENT, TEACHING AND APPLICATION OF MATHEMATICS FOR THE PUBLIC BENEFIT; (II) TO SEEK TO ESTABLISH AND MAINTAIN HIGH STANDARDS OF PROFESSIONAL CONDUCT FOR CORPORATE MEMBERS; (III) TO SEEK TO PROMOTE, ENCOURAGE AND GUIDE IN THE DEVELOPMENT OF EDUCATION AND TRAINING IN ALL MATTERS RELEVANT TO THE ADVANCEMENT OF MATHEMATICS AND ITS APPLICATIONS FOR MEMBERS AND ALL OTHER PERSONS WHO ARE ENGAGED IN OR LIKELY TO BE ENGAGED IN MATHEMATICS OR ITS APPLICATIONS.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED.

Contact information

Address:
THE INSTITUTE OF MATHEMATICS & ITS
CATHERINE RICHARDS HOUSE
16 NELSON STREET
SOUTHEND-ON-SEA
SS1 1EF
Phone:
01702354020
Email:
post@ima.org.uk
Website:

www.ima.org.uk Open in new window