Charity Accounts Intelreading the accounts so you don’t have to

THE SOCIETY OF OPERATIONS ENGINEERS

Registered charity 1081753 · accounts filings on the Charity Commission register · also known as SOCIETY OF OPERATIONS ENGINEERS, SOE

SOE is a membership organisation with individual members,company and academic members. It offers a wide range of technical information, advice and feedback via its website, journals and technical events. It encourages suitably qualified members to register with Engineering Council and operates a licensing scheme - irtec - for vehicle mechanics and technicians.

Causes: Education/training · website · Get email alerts

Latest income
£2.2m
Latest spending
£2.7m
Registered
2000
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that free reserves totalled £3.58m, which is below the charity's stated target of 18 months of unrestricted expenditure. The Trustees acknowledge that the Group did not meet this target and that reserves may be utilised in the short term to meet income shortfalls due to rising inflation and cost of living increases.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy (held: £3.6m; policy: 18 months target level)
“At the year end the free reserves which consist unrestricted funds less tangible and intangible fixed assets, totalled £3.58m (2023: £3.77m). The Group did not meet this target for free reserves at the end of 2024.” — page 13
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Crowe U.K. LLP. Discloses 5 of 6 completeness components.

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (1 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): instagram · linkedin

Structured financials (annual return, FY ending 31/12/2024)

Total income
£2.2m
Total spending
£2.7m
Cost of raising funds
£19k
Reserves (reported)
£4.0m
Employees
23

Reported reserves equal ~17.9 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Charitable activities (80% 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: 0.9% of total income — below the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

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

Operates in: Hong Kong · Ireland · Northern Ireland · Scotland · Throughout England

Income and spending

Financial year endIncomeSpending
31/12/2024£2.2m£2.7m
31/12/2023£2.4m£2.6m
31/12/2022£2.6m£2.5m
31/12/2021£2.3m£2.6m
31/12/2020£2.5m£2.5m

Common questions

Is THE SOCIETY OF OPERATIONS ENGINEERS financially healthy?

Per its FY2024 accounts: The accounts state that free reserves totalled £3.58m, which is below the charity's stated target of 18 months of unrestricted expenditure. The Trustees acknowledge that the Group did not meet this target and that reserves may be utilised in the short term to meet income shortfalls due to rising inflation and cost of living increases. Its FY2024 accounts were audited by Crowe U.K. LLP.

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 GENERATIONAL FOUNDATION1£502k
THE HAPPOLD FOUNDATION1£20k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with SOCIETY OF RESEARCH SOFTWARE ENGINEERING.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE SOCIETY OF OPERATIONS ENGINEERS£2.2m—0below—no doubt
SOCIETY OF RESEARCH SOFTWARE ENGINEERING FY2025£226k—0above—no doubt
SPONSORS FOR EDUCATIONAL OPPORTUNITY LIMITED FY2025£4.3m£130,001 - £140,000—above—no doubt
ENGINEERING INTEGRITY SOCIETY FY2026£116k—0unclear—no doubt
THE SOCIETY OF OCCUPATIONAL MEDICINE FY2025£1.4m£100,001 - £110,0001above—no doubt
OPERATIONAL RESEARCH SOCIETY LIMITED FY2024£1.4m——within—no doubt

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