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SOCIETY OF PETROLEUM ENGINEERS EUROPE LIMITED

Registered charity 1017482 · accounts filings on the Charity Commission register · also known as S P E EUROPE LIMITED, SOCIETY OF PETROLEUM ENGINEEERS EUROPE LIMITED · listed website unreachable when last crawled

Latest income
£4.1m
Latest spending
£5.8m
Registered
1993
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the Group incurred a net loss of £1.7m for the year ended 31 March 2025, resulting in unrestricted reserves of £4.5m, which remains above the stated policy target of £4.2m. Per the trustees' report, the Group has sufficient resources to continue trading as a going concern for the foreseeable future, supported by listed investments and cash totaling £5.0m. The charity relies on income from conferences and workshops, which dropped significantly from £3.4m to £1.9m compared to the prior year.

What the accounts disclose

Highest-paid employee band: £110,000 - £119,999 — in the top quarter for charities its size (median £76k)
“Income band £110,000 - £ 119,999 1”
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: six months of annual total resources expended (held: £4.5m)
“Funds in the amount of one-half (6 months) the annual total resources expended should be accumulated for use in future capital expenditures and new ventures.” — page 13
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by RSM UK Audit LLP.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£4.1m
Total spending
£5.8m
Cost of raising funds
£451k
Reserves (reported)
£4.5m
Employees
7

Reported reserves equal ~9.4 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Austria · Azerbaijan · City Of London · France · Ghana · Hungary · Kazakhstan · Kenya · Netherlands · Nigeria · Norway · Russia

Income and spending

Financial year endIncomeSpending
31/03/2025£4.1m£5.8m
31/03/2024£3.6m£2.2m
31/03/2023£2.1m£3.0m
31/03/2022£1.0m£3.2m
31/03/2021£1.8m£2.1m

Common questions

Is SOCIETY OF PETROLEUM ENGINEERS EUROPE LIMITED financially healthy?

The accounts state that the Group incurred a net loss of £1.7m for the year ended 31 March 2025, resulting in unrestricted reserves of £4.5m, which remains above the stated policy target of £4.2m. Per the trustees' report, the Group has sufficient resources to continue trading as a going concern for the foreseeable future, supported by listed investments and cash totaling £5.0m. The charity relies on income from conferences and workshops, which dropped significantly from £3.4m to £1.9m compared to the prior year. Its FY2025 accounts were audited by RSM UK Audit LLP.

What does the highest-paid employee of SOCIETY OF PETROLEUM ENGINEERS EUROPE LIMITED earn?

Per its FY2025 accounts, the highest-paid employee was in the £110,000 - £119,999 band.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE HEALTH FOUNDATION1£150k
THE NUFFIELD FOUNDATION1£66k
REES JEFFREYS ROAD FUND1£40k

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