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

Promotes the science & technology of oil, gas exploration & recovery, efficiency and environmental issues globally. Delivers information about the oil and gas industry to society & conducts conference/training services. Provides resources to help students & others learn about energy industry and careers, funds scholarships in UK and globally in universities that offer technical degree programs.

Causes: General Charitable Purposes · Education/training · Environment/conservation/heritage · Economic/community Development/employment · Grant history (this charity is a funder) · website · Get email alerts

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.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: £110,000 - £119,999 — in the top quarter for charities its size (median £70k)

“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. Discloses 5 of 6 completeness components.

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

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

Per its annual return, largest income source: Donations and legacies (51% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 11.0% of total income — above the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

Laura Ioana Precupanu
Michelle Boyd

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 end	Income	Spending
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?

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. 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.

Funder	Similar charities funded	Amount to them
THE INSTITUTION OF CIVIL ENGINEERS	1	£143k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with PETANS LIMITED.

PETANS LIMITED income £2.3m
GESGB income £463k
ENERGY INSTITUTE income £11.0m
HUMBERSIDE OFFSHORE TRAINING ASSOCIATION income £2.3m
ENGINEERS AGAINST POVERTY income £1.3m
THE OLDHAM ENGINEERING GROUP TRAINING ASSOCIATION LIMITED income £374k

Side by side with its peers

Charity	Income	Top pay band	Staff >£60k	Reserves vs policy	Fundraising cost	Going concern
SOCIETY OF PETROLEUM ENGINEERS EUROPE LIMITED	£4.1m	£110,000 - £119,999	—	above	—	no doubt
PETANS LIMITED FY2025	£2.3m	—	—	unclear	—	no doubt
GESGB FY2025	£463k	—	—	unclear	—	no doubt
ENERGY INSTITUTE FY2025	£11.0m	—	—	unclear	—	no doubt
HUMBERSIDE OFFSHORE TRAINING ASSOCIATION FY2024	£2.3m	£60,001 - £70,000	—	below	—	no doubt
ENGINEERS AGAINST POVERTY FY2024	£1.3m	—	—	above	—	no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.