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THE SOCIETY OF OPERATIONS ENGINEERS

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

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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.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“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.

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).

Trustees

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?

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.