REGISTERED COMPANY NUMBER: 00933565 (England and Wales)
REGISTERED CHARITY NUMBER: 313433
REPORT OF THE TRUSTEES AND
FINANCIAL STATEl￿ENTs
FOR THE Y
R EIYDED 3
EMBER 202
FO
THE IN￿lTuTE OF MEDICAL ILLUSTRATORS
LIMITED
Lemans
Statutory AuditOT
29 Arboretum Str¢¢t
Nottingbam
Nottinghamsliire
NGI 4JA

THE INSTITUTE OF MEDICAL ILLUSTRATORS
tJMUED
COIYTENTS OF THE FINANCIAL STATEMEwrs
ELR THE YEAR ENDED 31 DECEMBER 2023
Page
Report of the TYu&t
Report of the Independent Auditors
8 to 11
ststement of Financial Actlvities
12
Balance Sheet
13
Notes to the Financial Ststements
14 to 20

THE IFisrrTvfE OF MEDICAL ILLUSTRATORS
LIMITED REGISTERED NUMBER: 00_933565J
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees who are also directors of the charity for the purposes of the Coll1p￿leS Act 2006, present their report with the
financial stat¢m¢nts of the Ch￿lty for the year ended 31 December 2023. The trustees have adoptsd the provisions of ih¢
Statement of Recommended Pracli¢e (SORP) "AcGounting and Reporting by Charlties" in preparing the annua] report and
financial statements of the charity.
The fuw]cial statements have been wepared tn accordance with the accounting wlicies set out in notes to the accounts and
omply with the chaiity's governing document, the Charities Act 2011 and A¢¢ounting and Reporting by Ch￿lties..
Ststement of Recommended Practice appliGable to charities Preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
OWEcfivES AND ACTIVIT]ES
Objectiv¢$ 4nd aims
The aims and objectives for which the Institute of Medical lllustrators (IMI) is estsblished are set out in Clause 3 of the
Institute's Memornldum and Article5 Of Association dated 20 September 1989, amended 20 September 2009, 17 September
2016 and 8th Oclober 2022.
The prinry objective is to promote and advance education in all matters connected with medical illusti*ion and any
subjects ancillary to or of use or benefit to the profession.
Page I

THE tNSTITUTE OF MEDICAL ILLUSTRATORS
LIMITED LREGISTERED NUMBER: 00933565
IIEPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
OWEcfivES AND ACTivfTIES
Review of getfvities
CouDcil
The daY-t￿daY management of the Institute has continued during the last year with Council meeting VIr￿allY via
video-conference and also face-to-face.
The AGM took place as a face-to-fa¢¢ meeting attended by members on November 9th 2023 &$ part of the annua]
conference.
An elethion in the summer of 2023 resulted in the appointhient of Council representative5 foT England, Scotlanl Ireland, and
Wales and individuals took up these positions in November 2023.
Awants
The Institute organises annual awards for the rewgnition of excellence in medica] illustration. The awards are Jnade up of
any number of Bronze and Silver (¢aGh given a certificate) OT Gold winners (each getting a certificat¢ and a cash prize paid
by bank transfer), and also individual pri7£s for best studenL best graphic desig￿ and best video enty, each receiving a
ertific*e and a trophy. A Platinum ('bes¢ in sho￿) award is also given consisting of a certificate and a cash prize paid by
bank transfer.
A selection of the awards from tbe Professional Exhibition at Imt's annual conf¢ren¢e are published in the Journal of Visual
CommuniGation in Medicine and on the Imi website. An el￿troniC exhibition was 51aged at th¢ annual conference at the
Radisson Blu Hotel. Cardiff. 9th-10th N0ve￿be[ 2023 and an award5 catalogue for distribution to each member is in
preparation.
Conferenees
The Institute ￿ntinueS to organise an 2nnual conference offering delegates the opportunity to meet and hear of th¢ latest
t¢Ghniques and d¢v¢lopments within our profession. A reco￿ number of delegates attended the 2023 conference in Cardiff
and had a very successful rneeting. Additionally, a virtual graphics study day was developed and offered free to all tml
members. It Includ￿ a number of presentstions and w&s well attended.
Plans are underway for the next conference to take place in October 2024 in Castle DoniDgton and I￿atIonS wr being
identified and contracts developed for a conference in northem England in 2025.
Continuing Professional Development
The Institute supports the CPD audit for A¢ademy of Healthcare Science (AHCS) registrants and wntinues to provide
opportunities to its memb¢rs fr>r undertaking knining required for CPD.
Graphit8
A designated Grnphics Lead reports to Council. Jn the coming year efforts will be focussed on developing IMI'S offering for
Graphics memlw and attracting new members.
Academy of Healthcare Science (AHCS)
Imt has continued io play an active part of Academy business and is represented on the AHCS Professional Bodies Council
by the Imt Chair or theiT T¢presentative. IMI sits within the professional group for Clinical Engineering.
Additionally* an representative a seat on the ACHS Regulation Board.
Education and Training
The Team liaiseg regularty with Higher Educthion Institutions and other educational authorities to accredit courses that lead
to qualifications that are a￿eptable for prof¢55ional mernbership of Imt and registration with the AHCS. tMI W0￿ed witb
the AHCS to develop a Certificate of Cornpetence as an equivalent roufr to regi51ration and this has been available via IN
since April 2017.
The University of Staffordshire runs a one-year graduate Certificate alongside a Postgraduate Ccrtificate. on a distane
learning basis for graduate-level photographers and graphic designers.
The Univetsity of Dunde¢ offers postgraduate ¢ourses in Medical Art and Medical and Forensic Art & Facial Identification,
and the University of Glasgow l Gl&sgow sCh￿J1 of Art on Medi¢al Visualisation and Human Anatomy.
Page 2

THE INSTITUTE OF MEDICAL ILLUSTRATORS
Ll_MfTED {REGIS'IERED NUMBER: 00933565J
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
owE￿IVEs AND ACTIVITIES
The University of Wales Postgraduate Certificate (Pgcert) in CliT)ical Photography closed in early 2023. Imt has worked
losely with Health Education & Improvement Wales (HEIW) to develop a new post-graduats coutse in cliniGal
photography that commenced in September 2023.
Imt has W0￿ed with the Gloucesler University to develop an undergraduate progran￿e in Medical Illustration which was
expected to be open for applications in 2023 with the first cohort expected to start in 2024. However, a Ghange in university
peT50nnel and finan￿$ halted the development of this co￿se and a new start dafr 15 awaited.
The Ir￿ Summer School, was reintroduced into the training progratnme in 2023, following a 10-year gap. Fourteen students
parti¢ipat¢d in the 3-day residential cou]se that *aches foundation skills through clinical and non-clinical workshops. The
course will run again in 2024.
IMI News
]Mt News continues to b¢ delivered as an online publication. and is w¢ll received by the membership. Imt News is a benefit
to memb¢r5 and for some, parti¢vlarly those w0￿1ng in remote a￿a$, it is invaluable in keeplng in touGh with the profession.
The Journal of Vlsual Communleation in Medicine
The Journal continues kn be a benefjt to mernbers and saw a new editor in chief appointed in late 2021 and review and
T￿rganisatIon of the edRtorial team in 2022.
Marketing
Efforts in the past y¢ar have concentrated on the improvement of the IMI website and is continuing.
Social media sites continue to see an increase in activity and popularity and are often used to Sha￿ relevalrt interesting links
and news lo a wider audi¢n¢e.
Membership
Membership Numbers March 2024
Memben
Mcmb¢n
Professional Members
- Member Photographic
- Member Grnphi¢
- M¢mber Vid
- Member Other
- Maternity & Career breaks
Totsl Professional Mcmb¢rs:
Sthdents
Student Photographi
- Student Graphic
- Student Video
Total Students:
248
49
41
47
307
Retired
- Retired Photo
- Retired Grnphics
Retired Video
Total Retired:
Fdlojys
- Practicing
- Retired
Total Fellows:
12
Affiliate
Affiliate Photo
Affiliate Graphics
- Afflliate Video
- Affiliate Other
Tolal Affiligte:
Hollorary Fellows:
- Pra¢ticing
- RetlT¢d
Total Honorary Fellows:
37
Jo
15
49
- Corpornte Members
- Auditor
AL MEMBERS:
NAtioDal Guidelines
The Institufr publishe5 a range of Na130nal Guidelines on medical illusttztion disciplines. Submlssion guidance for team5
Working on the guidelin¢s is published on the IM] website. A number of previousty published guidelines hav¢ been reviewed
and several new Guidelines are in preparation.
Page 3

THE INSTITUTE OF MEDICAL ILLUSTIL4TORS
LIMITED IREGISTERED NtJMBER: 00933565J
EPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
ORIECTIVES AND ACTIvrriES
Quality ASSU￿nCe StandArds
Medical Illustration Departments continue to WO￿ towards QAS assessment at lev¢ls l and 2 a¢tivity h&8 returned
post-pandemic utilising a new method of on-line assessment An on-lin¢ review process is in developnlent.
ReEiOll3
Regiona] activty bas Tesumed post-pandemic continues to develop. There have been many changes in the regional
representstive personnel bringing new activity aT)d r¢generntion.
Regulation
The Institute continues to pursue the statutory regulation of clinical photogrdphers, and has representation on the AHCS
Regulation Board.
Schools liaison and eareer5 advice
A large number of caTeet5 ¢nquiries are answered through the Ye￿ by the Carters Advisor. M05t of th05e enquiring can b¢
referred to the Imt website, or the Institute's &qreets brochures and posters, as well as inforniation fn)m each of tbe
universities. In 2024, IMI will be hosting a stsnd at the nattonal Photography gnd Video Show at the NEC. Birniingham.
Webshe
The In5titut¢ web site offtrs a public interface for our profession. This includes a "Find a Professional" sewch facility, legal
and ethical issues. national photogrnphy guidelines, caree￿, education, n¢ws, meetings, confrrences. job vacancies and an
imag¢ gallery. In additio￿ there is a private area for IMI Members containing a searchable contact database. on-line CPD
Tecording, full online access to our journal, Imt News and minutes from Council meetinEg.
The web site reflects the branding and values of the Institute and provides a modem interface for our profession and our
members. It inwrporntes benefits ftjr our existing members and is designed to attrnct new members by showcasing our
]nstitLrte as modern. supportive. accountable, r¢swnsiv4 real aT]d innovative. A series of videos promoting the profession
has been developed.
The Imt Conference has a laTge PT¢s¢nce on the website with links via the home page. The promotion of the upcoming
conference direcily replaces the Previous yearfs post conf￿Ence inforniation / debrief.
The website I￿S been sueeessfully maintained by Design Monkey since 2021 and the association with IMI is working well
and several improvements have been achieved including the management of the Awards. However, problems with the
member's database continu¢ and the Officers t￿k tbe decision to request a re-build of the membevs database in 2024. It is
hoped that this will resolve ihe ongoing difficulties.
IMI Nations
Council currently includes representalives from SGotland, Irelanl Wal¢s and England and they report to Council.
Governance
IMI continues to review its governance atrdngements and the new sub-committee of Council set up in 2021 is working well.
]n 2023 R¢gulation was incowated into the leam.
Innovation
The Innovation and Twhnical SUb-￿mMIttee of Council was set up in 2021 to ¢onsider te¢hnologi¢al issues and pr¢ssur¢s
upon the profe8sion and is working well.
Page 4

THE INSTITUTE OF MEDICAL ILLUST114TORS
LI_MITED LKL¢ilSTERED NUMBER: 00933565)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
oR￿cT[YEs AND ACTIVJTIES
Grnntmaking
The Pat Turnbull fund assists rnembers of the Institute in their travel funding to conferences thmughout the world. Any
paid-up member apply and there is a defined Procedure to ensure equity aT]d fairness. All applic*tons are dealt with
anonymously* Wlth Council basing their decision on who benefits solely on the details of the appli¢ation. No member will be
awarded funding in consecutive years. unless the￿ is a lack of applications. Funding will only be presented on the implicit
understanding that a short report of the meeting attended is written for either Imt News or the Journal of Visual
Communication in Medicine. There were no Pat Tumbull awards nMde in 2023.
Volunteers
All departments of tbe charity are run by volunteers.
FINANCIAL REVIEW
Investment policy objèctlves
Investments held by the Insti￿tr have been acquired in a¢¢4)rdance with the ￿Wer available to the Council of Members.
The TNsle¢s intend that th¢ r¢al value of the reserves be protected and enh￿Ced by inv¢sting at lower risk. seeking
professional help ￿ and when requi￿d.
Reserves policy
Unrestricted fvnds are needed to cover operating and support costs without which the charity could not function and to
support the amnual conference. Council consider it prudent that unrestricted rese￿eS should be sufficient to cover one year's
op¢rJting and support costs. The level of reserves is monitored revi¢woJ by Council annually. At 31 Deceftnber 2023
unrestricted reserves were £115,628 and restricted reserve5 were £29,358.
The resuhs for the year are as shown in the attached Financial Statements. The Institute's work is reliant on membership fee
these fimds have been used fUrthe￿nCe of the InstitLrte's objectives.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing a0￿meAl a deed of twst, and constitutes a limited company, limit￿ by 8uarnnt￿,
Ls defined by the Companies Act 2006.
In the event of the charity winding up membets, liabilities will not exceed £1,
Organisatlon21 strueture
The day to day running of the charity is delegated to the Honordry Secretary and Honordry T￿SU￿r subje¢t to ratification
of those decisions made by m¢mbers of council.
Risk manggement
The Council's exposure to risk has been ￿VieWed and systwns are being put in place to mitigate exposure to tnajor risks.
REFERENCE AND ADMINISTRATIVE DETAILS
Regi5t¢r¢d Company number
00933565 {Engiand and Wales)
Registered Charity number
313433
Registered office
12 Coldbath Square
London
ECIR5HL
Page 5

THE INSTITufE OF MEDICAL ILLu¥fiL4TORS
LIMJIED
GIST
NUMBER: OQ933565J
REPORT OF THE TRUSTE￿&
FOR THE YEAR ENDED
I DECEMBER 2023
Trustees
N White
C Lamoon
C Lamoon
C M Fleming
G B Gilbert
S Sutherland
A Roddick
C Lleweltyn
G Meredith
LCA White
Chair
Chair
Chair Ele
Honorary S¢￿etary
Honorary Treasurer
Member of Council I Scottish representstive
Member of Council I Scottish repres¢ntstive
Member of Council I W¢lsh representative
Member of Council I Welsh representative
Student representative
resigned
appointed
resiEn¢d
10.11.2023
10.11.2023
10.11.2023
resigned
appointed
reSI￿¢d
appointed
appointed
10.11.2023
10.11.2023
10.11.2023
10.11.2023
03.02.2023
C(HIpt￿ for one year
K J McFall
J Tovey
P Comiskey
P Quinlan
I Culley
A Jones
Education Lead
M￿CtIng I*ad
Member of Council I Irish R¢presetttative
Member of Council I Irish Representative
memb￿ of Council l English Representative
Member of Council l English Representative
appointed
appointed
Tesign
appointed
Tesigned
appointsd
10.11.2023
10.11.2023
10.11.2023
10.11.2023
10.11.2023
10.11.2023
Company Secretary
C Fleming
Auditors
Lern￿$
Ststutory Auditor
29 Arboretum Street
Nottingham
Nottinghan]shire
NGI 4JA
Bankers
National We5tininster Bank Pl¢
52 Rectory Road
West BridEford
Nottingham
NG2 6FF
So]i¢itors
William Sturge8 & Co
Burwood House
14-16 Caxton Street
London
SWIH OQY
PUBLIC BENEFTT
The Trustees have had due regard to the guidance published by the Charity Commission on public benefit when reviewing
the Charitys aims and objective5, The object of the charity and details of WIK) and how the charity has helpgd Gan be found
onpage l.
Page 6

THE INsrrrtrrE OF MED
AL ILLUSTRATORS
LJMITED (REGIS
ED NUMBEIL. QQ
EP
RT
F THE_TRU&TEES
FOR THE YEAR ENDED 31 DECEMBER 2023
srATEMENT OF TRUSTEES. RESPONSIBILITIES
The trustees (Mtho are aJ80 directots of The Institut¢ of Medical Illustrators Limited for the purposes of cxJmpaT)y law) are
responsible for Preparing the Tn￿ceS, Annual Report and the financial statements in accordance with applicable law and
United Kingdom Accounting Standards (United Kingdom Generally Acceptsd Accounting PractiG¢).
Cornpany law requiffs the trusteeg to prepare financial statements for each finan¢ial year, which give a true and fair view of
the stste of affaiT5 of the charitable company and of the incoming resources and application of regource4 including th
incomc and expenditure, of the charitable company for that perio(L In preparing these financtal statements, the trustees are
required to:
- select suitable accounting polkcies and then apply them consistently.
- observe the methods and principles in the Charities SORP 2019.
- make judgements and estimatss that are reasonable and pn￿en¢
state whether applicable UK Accounting Standard5 bave been followe4 subject to any material departure5 dis¢losed and
¢xplained in the financial statements.
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable
company will continu¢ in operation.
The trustees are T¢Swnsible for keeping adequate accounting re¢ords that disclos¢ with reasonable accurdcy at any tim¢ th¢
financial position of the charitable company and enable them to ensure that the financial stalements comply with the
Companies Act 2006. They are also restKJnsi7)le for safeguarding tbe agsets of the charitable company and hence for taking
reagonable steps for the prevgntion and detection of fraud alld other irregularities.
In 50 far as the tnJst¢¢s are aware..
- there is no Televant audit inforniation of which the clwitable company's auditor ig unaware. and
- the lrnstees have taken all stws that they ought to have taken to make themselves aware of any relevant audit infonnation
and to establish that the auditor 15 aware of that infornialion.
AUDITORS
The auditor4 Ltmans, will be pn)pos¢d for r¢-appointment at the forthcoming Annual General Meeting.
This rqx)rt has been prcpaffd ill accordance with the special provisions of Part 15 of the Companies Act 2006 relaing to
small wmpallies.
Approved by order of the board of ffiistees on 5 April 2024 and si8tted Oll its behalf by..
C Lamoon - Trnstee
Page 7

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
THE INSTITirrE OF MEDICAL ILLU
TRATORS
LIMITED
OpinioD
We have audited the finan¢ial statetnents of The Institute of Medical Illustrators Limited (th¢ 'charitable company,) for the
year end¢d 31 December 2023 which compris¢ the Statement of Finanrial Activitie5, the Balance Sheet and notes to the
financial statements, including a summary of 5ignifi¢ant accounting PK)licies. The fmancial reporting framework th* has been
applied in their p￿paratIon 15 applicable law and United Kingdom Accounting Standards Iunitrd Kingdom Generally
A¢c¢pted Accounting Practice).
In our opinion the financial statements:
give a tsue faiT view of the state of the Gharitable Company's affairs as at 31 Decemkr 2023 and of its inwrning
resour¢¢5 and application of r¢gour¢es. including its in¢ome 2nd expenditure, for the year then ended.
have been properly prepared in accordartce with United Kingdom Generally AcGeptgJ A¢counting Prdrtic¢" and
hav¢ been prepared in a¢cordance with the requirement5 of the Companies Act 2006.
Basis for opinion
We conduct¢d our audit in a¢coTdance with Internation￿ St2ndards on Auditing (UK) (ISAS (UK)) and applicable law. Our
swnsibilities under those stalldards ate fi]rther described in the Auditors, respoT)sibilities for the audit of the financial
stat¢m¢nts se£tion of our report. We are independenl of the tharitable Company in aLxordance with the ethical requi￿nents
tI￿t are relevant to our avdit of the fllwlcial stat¢ments in the UK, including the FRC'S Ethical Standard, and we have
fulfilled our other ethical ￿5￿)nSibIlItieS in accordance with these requirements. We believe that the audit evidence we have
obtained i5 sufficient and appropriate to provide a basis for our opinio
Conclusions relgting to going eoneern
In auditing ihe financial 5tafrTn¢nts, we have conGlud¢d that the trustees, use of the going concern basis of accounting in ihe
prepaTation of the fmancial statements is appropriate.
Based on the woth we have perfornied we have not identified any mat¢rial uncertaintie5 rclaling to events or conditions thaL
individually or collectively, may wt significant doubt on the charilable company'5 abilty to continue Is a going concern foT
a period of at least twelv¢ montbs from when the financial statements are authorised for i&sue.
Our reS￿nsibIlitieS and the responsibilities of the trustees with respect to going concern are d¢S￿1bed in the relevant
sections of this reN)rt.
Other inforn]ation
The trust¢es are resw]5ibl¢ for the other inforniation. The other infonnation comprises the infomation included in Éh¢
Annual Report, other than the financial statements and our Report of the Indq)endtnt Auditors thereon.
Our opinion on the financial ststements does not cover the oiher infomiation and, except to the extent otherwise explicitly
stated in ourreport, we do not express any forni of agsurdnce conclusion the￿n.
In connection with our audit of ihe fmancial slatsTnents, our responsibility is to read the other infOrn￿tIOll and. in doing so,
consider whether the other inforination is n￿teriallY inci)nsistent with the finan¢ial statements or our knowledge obtained in
the audit or otherwise appe￿ to be materially misstated. If we identify such n]aterial inconsistenci¢5 or apparent material
misstatements, we are required to detern)ine whether this gives rise to a material misstatement in the fiT]an¢ial statements
themselves. If, based on the work we have perfonned, we wJ)Glude tbat there is a material misstatement of this other
infomation, we are required to report that fa¢t. We have notbing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our Opinio￿ based on the work undertaken in the course of the audit:
the inforniation given in the Report of the Trustees for the financial year for which the finan¢ial statements are prepared is
consistent with the financial stalement5" and
the Rew)rt of the T￿5¢¢¢$ has been prepared in accordance with applicable legal requirements.
Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
THE INSTITUTE OF IIIEDICAL ILLUSTRATORS
LIMITED
Matters on which we are requir￿ to report by exception
tn the light of the knowledge and understanding of the charitable comptny and ils environment obtsined in the course of the
audit, we have not identified material misstatements in the Rep)rt of the T￿￿te¢s.
We have nothing to report in respect of the following matters wh¢re the Companies Act 2006 Tcquires us to report to you i£
in our opinion:
adequate accounting records have not been kept or returns adequate for our audit have not been received from brdnches
not Vi51ted by u& or
the financial statements are not in agreement with the accounting and rettuns; or
ertain disclosures of trustees, remuneration SP￿lfied by law are not made. or
we have not received all the infomiation and explanations we require for our audit. or
the tNstees were not entitled to take advantage of the small companies ex¢mption from th¢ r¢quitEment to p￿pare a
Strategic Report or in preparing the Report of the Trustees.
Responsibilities of trustrts
As explained more fully in the Statement of Trustees, Responsibilities. the trustees (WIMI are also the directors of the
charitable company for the purposes of company law) are responsible for the preparntion of the fitwirial sfatem¢nts and for
being satisfied that th¢y give a true and fair view, and for such internal control a5 the trnstees detemine is necessary to
enable the preparation of financial ststements that are free from material mi55tat¢ment, whether due to fraud OT error.
In preparing the financial statements, the trustees responsible for assessing the Ch￿itable company's ability to Continue as
a going concern, disclosing, as applI￿ble. matters related to going concern and using the going concern basis of accounting
unless th¢ tNstees either int¢nd to liquidate the charitsble company or to cease operations, or have no realistic alternative but
to do so.
Page 9

REPORT OF THE INDEPENDENT AUDTTORS TO THE MEMBERS OF
THE INSTITUTE OF MEDICA_L ILL￿STRATORs
LIMITED
Our responsibilities for the alldlt of the financial statements
Our objectives lo obtain reasonable assurance about whether the finan¢ial statements &8 a whole are fite from material
misstatemenl whether due to fraud or error, and to issue a Report of the Independent Auditors Ihat includes our opinion.
Reasonable &ssurance is a high l¢v¢l of &ssurdnce, but is not a guarantee that ¥n audit conducted in aGGordance with ISAS
(UK) will always detect a nllterial misstatement when il exists. Misstatements can arise from fraud or error and are
considered material if, individually or in the aggregate, they could reasonably be expected to influence the econorni
decisions of users tsken on the basis ofthese financial statements.
The axtent to wbich our pmcedures are capable of detecting Irregul￿1tics, including is detailed below..
IrreEularitie& including frdud, are in51aD¢w of non-compliance with laws and regulations. We design pmcedures in line with
our respon5ibiliti¢s, outlined abov4 to delect material misstatements in respect of irregularitie4 including fraud. The
sp¢cific procedures for this engagement and the extent to which these capable of detscting irregularitie4 including fraud
is detailed below".
- Exerclse pmfessionaljudgment and maintsin professional scepticism throughout the planning and perfonn2nce of the audiL
- Identify and as￿$ the risks of material rnisstatement of the financial ststements, wh¢th¢r du¢ to fiaud or eTror, design and
perfonn audit procethres responsive to those risk4 and obtsin audit evidence that is sulYici¢nt and appropriate to provide a
basis for our opinion.
- Obtain an understanding of the internal control relevant to the audit in order to desigrt audit procedures that are appropriate
in th¢ ¢ircumstances, but not for the purp)se of ¢xpressing an opinion on the effecliveness of the charity's internal control;
Evaluate the appropriateness of accounting policies used and the reasonablen￿$ of a¢countAng estijnates and related
disclosures made by managemenL
- Make enquiries of management and thos¢ cIwged with governance of any instances of nonkn¢A)mpliance with laws and
regulations and of any actual and potential litigation and claims.
R¢view financial 5tatemwrt disclosures to supwrting documentation to assess compliance with appli¢able laws and
regulations
Because of the inherent limitations of an audiL there is a risk that we will not detect all irregularities. including those leading
to a material misststement in the financial statsments or non-compliance with regulatton. This risk increases the n]or¢ that
¢ompliance witb a law or regulation is removed from the events and transactions reflected in th¢ fmancial statements, as w¢
will be less likely to become aware of inslan¢¢s of non-cornpliance. Th¢ risk is also greater regarding irregularities
occurring due to ￿ud rather than eLTOT, as fraud involves intentional concealment. forgery. collusion, ornission or
misrepresentatio
A further description of our responsibilities for the a[￿lt of the financia] statements Is located on the Financial Reporting
Council's website at www.frc.org.uUauditor5￿spoDSibil1IieS. This description fornis part of our Report of the Independent
Auditors.
Page 10

REPORT OF THE INDEPENDENT A
DITORS TO THE MEMBERS
E IIYSTITUTE OF MEDIc￿LILLu￿TRATOBS
LIMITED
Us¢ ofollr report
This report is made solely to the ch￿l￿ble coMpan￿S members, as a body, in accordance with Chapter 3 of Part 16 of the
Cornpanies Act 2006. Our audit work has been undertaken so that we might state to Ihe charitable company's members those
mattets we aTe requiTed to state to them in an auditors, Ttport and for no other purpose. To the fullest extent perniitted by
law, we do not awept or ￿Ume responsibility to Anyone other than the charitabl¢ company and the chaTitable company's
members as a body, for our audit work, for this rqxirt, or for the opinions we have fomed.
FI￿.1c.
K Mealand (Senior Statutory Auditor)
for and on behalf of L•nans
Statutory Auditor
29 Arboretum Street
NottIn￿laM
Nottingharnshire
NGI 4JA
Page 11

THE IN￿lTurE OF MEDICAL ILLUSTRATORS
LIMITED
STATEMENT OF FINANCIAL A￿lTIE
INCORPORATING AN INCOME AND EXPENDITURE ACCOI:
FOR THE YEAR ENDED 31 DECEMBER 2023
31.12.23
Total
funds
31.12.22
Unrestricted
fi￿d8
Restrlctsd
funds
funds
Notes
JNCOME AND ENDOWME]Y15 FROM
I)onati¢)ns and legacies
50
50
30
ChAritable activities
Membership
Annual Conference
Education and Training
Mark&ing Communication
Journal of Visual Communications in Medicine
51,676
92,144
8,140
2.000
2,480
51,676
92,144
8,140
46,456
55,984
450
2,000
2.485
2,480
Investment income
Other income
3,082
1.266
4.348
1,835
413
Total
159,572
1,266
160,838
109,653
EXPENDITURE ON
Charitable activities
Membership
Annual Conference
Education and Training
Marketing and Communication
26,106
75,566
10.022
17.835
26,106
75,566
10,022
17,835
20,317
45,286
948
16,941
Totsl
129529
129.529
83,492
Net gainsl(loss¢$) on investments
(623)
(694)
(1,317)
{3,354)
NET INCOIVIE
29.420
572
29,992
22,807
RECONCILIATION OF FUNDS
Total funds brought forward
86208
26,786
114,994
92,187
TOTAL FUNDS CARRIED FORWARD
115,628
29,358
144,986
114,994
The notes forni part of these financial stthements
Page 12

THE INSTITUTE OF MEDICAL ILLUSTRATORS
LIMITED LREGISTERED NUMBEIL: 00933565
BALANCE SHEET
31 DECEMBER 2023
31.12,23
31.12.22
Notes
FIXED ASSETS
Invgstments
53,532
32,849
CURREiYf ASSETS
Debtors
Cash at bank
io
17.827
114,816
14,834
91594
132,643
107,428
CREDITOILS
Amounts falling due within on¢ year
11
(41,189)
(25283)
NET CURRENT ASSETS
91,454
82.145
TOTAL ASSETS LESS CURRENT
LIABILITIES
144,986
114,994
NET ASSETS
144.986
114.994
FUNDS
Unrestricted fvnds
Restricted ￿n￿$
13
115,628
29,358
86208
28,786
TOTAL FUNDS
144.986
114,994
These financial 5tat¢ments have been prepared in ac¢ot%lance with the provisions applid>lc to charitable ¢ompanies subject
to the small companies regime.
The financial gtatements We￿ approved by the Board of Trustees and authorised for issue on 5 April 2024 and were signed
on itg behalf by..
C Lamoon - Trnstee
C Fl¢ming- TNstee
The notes forni part of th¢s¢ financial ststements
Page 13

THE INSTITUTE OF MEDICAL ILLUSTRATORS
NOTES TO THE FINANCIAL STATEMENrs
FOR THE YEAR ENDED 31 DECEMBER 2023
STATUTORY INFORMATION
The Institute of Medical Illustrators Limited is a private charitable company limited by guarantee incowrated in
England within the United Kingdotn. The address of the registered office 8J]d registration nutnben are given in the
report ofthe tn￿leeS administrative infonnation on pages 5 and 6 of these fmancial statemwits.
ACCOUNTING POLICIES
Basis of PT¢p8ring the fmAncial statements
The fmancial statem¢nts of the charitable company. which is a public benefit entity under FRS 102, have been
prepared in accordance with Accounting and Reporting by Charitie5: Statement of Recommended Prnctice
applicable to charlties preparing their aGwunts in accordance with the Financial Reporting Standard applicable in the
UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard Applicable in the UK and
Republi¢ of ]r¢land (FRS 102), th¢ Charities Act 2011, the Companies Act 2006 and UK GeneTally Accepted
Accountiv)g Practice.
The financial statements are prepared on a going concern basis under the historical cost convention modified to
include certain items at fair value.
The financial statements are prepared in sterling which is the functiona] cu￿encY of the tharity and rounded to the
ne￿est pound.
Th¢ trustees COD5ider that th¢r¢ are no material uncertainties about the Charity's ability to continue as a going
concem.
Income
All income is recognised in the Statement of Financial Activities when the charity is legally entitled to the income
after any perfomlance conditions have been met, the amount can be measured reliably and il is probable that the
income will be received.
Subscription income is accounted for in the period to which it r¢lat¢s.
Conference inwme is accounted for in the p&iod in which the conference is held.
Expenditure
Liabilitie5 are re¢ognised as expenditu￿ as soon &$ there is a legal or constructive obligation committing the charity
to that expenditur4 it is probable that a transfer of economic benefits will be required in settlem¢nt and the amount
of the obligation can be measured reliably. Expenditure is accounted for on an aGfflials basis and ha5 beell Classif￿1
under headings ITr￿t aggregate all cost Telated to th¢ eategory. Where costs cannot b¢ directly attributed to particular
headings they have been allocated to activities on a basis C4)nsistent with the use of resouT¢es.
Alloeation and apportionment of costs
Where costs camiot be directly attributed to particular heading5 they have beea allocated to activities on a basis
consigtsnt with the use of ￿sources.
Intangibk fixed assets
The website development costs are being depreciated over 4 years.
T8ngJl>le fixed assets
DepreciatiQD 15 provided at the following annual rates in order to write off each &8set over its estimated useful life.
Exhibition Stsnd - 200/0 on cost
Pag¢ 14
contittued...

THE INsfiTtrrE OF MEDICAL ILLUSTIL4TORS
LIMITED
NOTF8 T() THF. WINANCIAL STATEMENIS- continue
FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOU1￿[￿G POLICIES- continued
Tangible fixcd assets
Computer equipment is written off in the year of acquisition.
Fund gccounting
Th¢ generdl fimd consists of the accumulation of surpluses less deficits of income over revenue expenditur¢ and call
be used in acwrdance with the objects of the charity at the discretion of the ffiistees.
Designat¢d fiLnds comprise ut]restricted funds that have been set &side by the trustees for particular pur￿se$. The
aim and use of the designated fund is set out in the notes to the fman¢ial ststements.
Restricled funds can only be used for particular restricted purw)ses within the objects of the Gharity.
Inv¢slments
Investments are stated in the ba12nce sheet at fair value, with changes recognised in knet goinsl{losses) on
investments, in the SOFA. Investment income is included as income when receivable.
Deferred Income
MembeT5hip income received during the cumt fmancial yw that ￿lateS to the next financial year is included as
d¢f¢rr¢d income.
Grants Payable
Grants are payable fiDm the Tumbull fund and are included in the year in which the offer is Conveyed to the
reGipienL
Cash at Bank
The charity holds sufficient funds in order to meet its short tenn casb commitments as they fall due.
D¢b¢ors and creditors
Debtors and C￿lItorS are recorded at trn]sathAon price,
INVESTMENT INCOME
31.12.23
31.12.22
Investment income
Dq￿sIt accowit interest
2,740
1,608
1,597
238
4,348
1,835
Page 15
conliDued...

THE INSTITUTE OF MEDICAL ILLUSTRATORS
LIMIT
LYQTES TO THE
IAL
TATEMENTS. ￿n￿lled
FOR THE YEAR ENDED 31 DECEMBER 2023
PIET INCOMEI(EXPENDITURE)
Net incomel{expenditure) is stated after charging1(¢￿a1ting).
31.12.23
31.1222
Auditors, remuneration
Website development costs amortisation
Non-audil fees
2,140
1,980
3,150
5,348
5,692
TRUSTEES, REMUNERATJON AND BENEFJTS
There were no trustees, remuneration or other benefits for the year ended 31 December 2023 nor for the year ended
31 December 2022.
Trustees, expenses
During the year £6.173 was paid to 9 ¢ouneil members in respect of travel and reimbursed expenses (2022 - £6,252
paid to I I council membets).
MEMBERS, LJABILITY
The liability of the Members is limited to a maximum of £1 each.
INTANGIBLE FIXED ASSETS
Website
development
costs
COST
At l January 2023 and 31 December 2023
44,250
AMORTISATION
At l January 2023 and 31 December 2023
44.250
NET BOOK VALUE
At 31 December 2023
At 31 December 2022
Page 16
continued..,

THE INSTJTUTE OF MEDICAL ILLUSTRATORS
LIMJTED
NOTES TO THE FINANCLIL STATEMENTS- eontinued
R THE YEAR ENDED 31 DECEMBER 2023
TANGIBLE FIXED ASSETS
Exhibition
Stand and
Office
Equipment
COST
At l January 2023
Disposals
17.065
{12,988}
At 31 DecembeT 2023
4,077
DEPRECIATION
At l January 2023
Eliminated on disposal
17,065
(12,988)
At 31 December 2023
4,077
NET BOOK VALUE
At 31 De£ember 2023
At 31 De¢¢mber 2022
FIXED ASSET INVESTMENIS
Listed
investtnents
MARKET VALUE
At l January 2023
Additions
Revaluations
32,849
22.000
(1,317)
At 31 December 2023
53,532
NET BOOK VALUE
At 31 December 2023
53.532
At 31 December 2022
32,849
There were no invcstlnent &ssets outside the UK. All investments are held primarily for an investment retLrn.
Cost or valuation at 31 December 2023 is repTesented by.,
Listed
inv¢stmenls
Valuation in 2023
53,532
Page 17
continued...

THE INsfiTUTE OF MEDICAL ILLUSTRATORS
LIMITED
NOTES TO THE FINLI.N.QIAL STAT
FOR THE YEAR ENDED 31 DECEMBER 2023
ntinued
io.
DEBTORS: AMOUNTS FALLING DUE WITHIIY O]YE YEAR
31.12.23
31.12.22
Trade debtors
Prepayments and accrued incorne
11,640
6,187
9,745
5,089
17,827
14,834
ii.
CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR
31.12.23
31.12.22
Trade crgjitors
Accruals and d¢f¢￿ed income
17,248
23,941
2213
23,070
41,189
25.283
12.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
31.12.23
Total
funds
31.12.22
Totsl
fimds
Unrestricted
funds
Restricted
funds
Investments
CuTrenl assels
Current liabilities
31226
124,591
(41.189)
21,306
8.052
53,532
132,643
(41,189)
32.849
107,428
(25,283)
115,628
29,358
144,986
114.994
13.
MOVEMENT IN FUNDS
Net
movement
in funds
At
31.12.23
At 1.1.23
Unre$tri¢ted funds
General fund
86,208
29,420
115,628
Restrieted funds
TuTnbull Fund
28,786
572
29,358
TOTAL FUNDS
114,994
29,992
144.986
Page 18
continued...

THE INSTI
E OF MEDICAL ILLUSTIL4T
N(yfF,S TQ THF FINANCIAL STATEMENIS ￿lUll￿
-ton
FOR THE YEAR ENDED 31 DECEMBER 2023
13.
MOVEMENT IN FUNDS- continued
Net movernent in funds, included in the aiK)ve are &$ follows..
Incomillg
resourres
Resources
expended
Gains and
losses
Movernent
in ￿ndS
Unrestricted fun(ts
Genernl fund
159.572
(129.529)
{623)
29.420
Restricted funds
TuTnbull Fund
1,266
(694)
572
TOTAL FUNDS
160.838
(129,529)
(1,317)
29,992
Comparntives for movement in funds
Net
movement
in funds
At
31.12.22
At 1.1.22
Unrestricted funds
General fund
63,486
22,722
86,208
Re5tiicted funds
Turnbull Fund
28,701
85
28.786
TOTAL FUNDS
92,187
21807
114,994
Comparative net movement in fimd% included in the above are as follows,.
Incoming
resources
Resources
expended
Gains and
1035¢S
Movern¢v)t
in fimds
unrestrict￿ funds
G¢nernl fund
109,568
(83.492)
(3.354)
22,722
Restricted funds
Turnbull Fund
85
85
TOTAL FUNDS
109,653
(83,492)
(3J54}
22,807
Page 19
contlnued...

THE IN
TITtrrE OF MEDJCAL ILLUSTRATORS
LIMITED
THE FINAFIC
AL SIAYEMENTS- continue
FOR THE YEAR ENDED 31 DECEMBER 2023
13.
MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined ￿sItiOn is as follows:
Net
movement
in fjjnds
At
31,12,23
At 1.1.22
Unrestricted fun(ts
Gencrnl fimd
63.486
51142
115,628
Re5trieted
Turnbull Fund
28,701
657
29,358
TOTAL FUNDS
92,187
52,799
144.986
A Gu￿ent year 12 months and Prior year 12 months cornbined net movement in fijnds. in¢luded in tbe above are as
follows:
Incoming
resources
ResoU￿e8
expended
Gains and
losses
Movement
in fvnds
Unrestricted fulld$
General fund
269.140
(213,021)
(3,977}
52,142
Restrleted funds
Turnbull Fund
1351
(694)
657
TOTAL FUNDS
270,491
(213,021)
(4.671)
52,799
Turnbull Fund
This fund assists members of the Institute in their travel fijnding to conferences throughout the world. Applications
are made to Council on an anonyrnous basis.
14.
RELATED PARTY DISCLOSURES
Dr W Manley, Kathy McFail's husband, w&8 paid £1,140 during the year for professional editing and education
services.
Page 20