THE QUEEN ELIZABETH PRIZE FOR ENGINEERING FOUNDATION

Registered charity 1147743 · accounts filings on the Charity Commission register

The Queen Elizabeth Prize for Engineering (QEPrize) is a biennial ?1million global engineering prize that rewards and celebrates engineers responsible for a ground-breaking innovation in engineering of global benefit to humanity. Through the prize, the QEPrize Foundation works to raise the public profile of engineering and to inspire and engage young people in engineering.

Causes: Education/training · Arts/culture/heritage/science · Other Charitable Purposes · website · Get email alerts

Financial health, per its FY2025 accounts

The accounts state that the charity holds unrestricted free reserves of £24.8 million, which falls within the trustees' stated policy target of maintaining between £20 million and £40 million. The trustees confirm that the managed investment funds are at a sufficient level to support the awarding of the prize for many more cycles, and no material uncertainties regarding going concern were identified.

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

What the accounts disclose

Accounts audited by BDO LLP. Discloses 4 of 6 completeness components.

Funders the charity credits

Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).

• BAE Systems — “Donors BAE Systems BAE Systems is a global defence, aerospace and security company employing around 88,200 people worldwide.” (source page)
• bp — “bp bp is one of the world’s leading international oil and gas companies. They provide customers with fuel for transportation, energy for he…” (source page)
• GSK — “GSK GSK is a science-led global healthcare company that researches and develops a broad range of innovative medicines and brands. They have…” (source page)
• Hitachi, Ltd. — “Hitachi, Ltd. Hitachi, Ltd., headquartered in Tokyo, Japan, delivers innovations that answer society’s challenges. The Hitachi Group is a g…” (source page)
• Jaguar Land Rover — “Jaguar Land Rover Jaguar Land Rover is the UK’s largest automotive manufacturing business, built around two iconic British car brands: Land…” (source page)
• National Grid — “National Grid National Grid apply great design to deliver smart, sustainable energy for everyone. They use innovation, technology, engineer…” (source page)
• Nissan Motor Corporation — “Nissan Motor Corporation Nissan is a global automotive manufacturer with manufacturing operations in 20 countries around the world, employi…” (source page)
• Shell — “Shell As one of the world’s leading energy companies Shell plays a key role in helping to meet the world’s growing energy demand in economi…” (source page)
• Siemens UK — “Siemens UK Siemens provides innovative solutions to help tackle the UK’s major challenges, across the key sectors of energy, industry, infr…” (source page)
• Sony — “Sony The Sony Group is primarily focused on the Electronics (such as AV/IT products & components), Game (such as PlayStation), Entertainmen…” (source page)
• Tata Steel Europe — “Tata Steel Europe Tata Steel is a customer focused, innovative solutions-driven company. It is one of the world’s most geographically diver…” (source page)
• Tata Consultancy Services (TCS) — “Tata Consultancy Services (TCS) TCS is the fastest growing global IT services company from 2010-15. Operating in the UK since 1975 with ove…” (source page)
• Toshiba — “Toshiba Toshiba Corporation is a Japanese multinational engineering and electronics conglomerate corporation headquartered in Tokyo, Japan.” (source page)

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

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

Reported reserves equal ~141.9 months of spending — in the top quarter for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Investments (100% 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: 24.3% of total income — in the top quarter for charities its size (median 4.9%) (benchmarks).

Register events

• Received assets from another charity (20/11/2012) — per the register’s event history; asset transfers typically record mergers or reorganisations.

Trustees · trustee networks

• Lord Patrick John Thompson Vallancechair
• Angela Margaret Jane Hunter
• Dame Anne Richards DBE
• Dr Robert Langer
• Professor John Hennessy
• Professor Sir James Rufus McDonald
• Sir John Wilfred Lazar CBE · trustee of 1 other charity
• Yewande Akinola MBE

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

Operates in: Throughout England And Wales

Income and spending

Common questions