INSTITUTE OF ECONOMIC AFFAIRS (THE)

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Streets Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The charity has net current liabilities and unrestricted general funds in deficit at the year end, which necessitates the Trustees' to consider whether the going concern basis of preparation remains appropriate. The Trustees confirm that at the time of approving the financial statements, there is a reasonable expectation that the Institute has adequate resources to continue in operational existence for the foreseeable future. In arriving at this conclusion, the Trustees have reviewed budgets and cash flow forecasts covering a period to 31 March 2027, taken account of current and anticipated financial performance in the current economic conditions, and the Institute's healthy reserves position. For this reason, the going concern basis continues to be adopted in the preparation of the Institute's financial statements.”

Significant events

• “Whetstone Freedom Fund was established in 2024 as the rebadged name of the legacy funds from the Network for a Free Society transferred to the stewardship of the IEA from 2022.”
• “Future of the Right Event was a one-off event in July 2024 debating the future of the right in the UK.”
• “The Ralph Harris Lecutre was a once-off event held in December 2024 with economist Tyler Goodspeed.”
• “The Rising Tide Coalition of Alternative Solutions is an ongoing project to consider the effects of state-led welfare and its limitations, through panel discussions, writing and events.”
• “Building maintenance funds were expended on improving the thermal comfort of 2 Lord North Street, renovation of interior events spaces, and the completion of major works from the prior year.”
• “Donations were received for staff to attend the 2024/25 Mont Perelin Society Conference in India.”
• “Donations were received to display portraits of Nobel Prize winning economists within 2 Lord North Street.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +45.4%

  £62,160 → £90,363

• Cash

  +140.2%

  £67,049 → £161,063

• Net assets

  -17%

  £6,319,096 → £5,243,885

• Employees

  -9.1%

  22 → 20

• Profit before tax

  -134.2%

  £3,147,096 → -£1,075,211

• Wages

  -10.6%

  £1,129,351 → £1,009,542

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers