THE INSTITUTION OF CIVIL ENGINEERS
Latest income
£43.0m
Latest spending
£46.6m
Registered
1963
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the Group reported a net expenditure of £2,660k for the year, resulting in a decrease in total net assets. However, the trustees confirm that free reserves of £20,087k exceeded the stated policy target range of £12.0m to £15.0m, and the institution maintains adequate liquidity with freely available cash and investments standing at £30,387k.
What the accounts disclose
Employees paid over £60,000: 11
“For the Group, 11 employees (2023: 14) and for Charity seven employees (2023: nine) were deferred members of the defined benefit scheme, for those in the bandings above £60k.” — page 73
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: £12.0m to £15.0m (held: £20.1m)
“Based on this analysis, the Trustees confirmed the target range for free unallocated reserves should remain at £12.0m to £15.0m in November 2024” — page 46
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Lewis Barlow, a trustee, provided tutoring and course development services to ICE Training (a division of TTL). TTL was charged £10,660 for these services.
“Lewis Barlow is a trustee of the institution who has provided tutoring and course development services to ICE Training, a division of TTL, a wholly owned subsidiary of the institution. In 2024, TTL was charged £10,660 (2023: £15,701) by Mr Barlow for these services.” — page 75
“Liz Waugh is a trustee of the institution and a director of Coast Communications & Marketing Limited. During the year the institution made a payment of £nil (2023: £65) to Coast Communications & Marketing Limited for costs incurred on the institution’s behalf related to the renewal of internet domain names.” — page 75
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Liz Waugh, a trustee, is a director of Coast Communications & Marketing Limited. The institution made a payment of £nil (2023: £65) to the company for domain name costs.
“Lewis Barlow is a trustee of the institution who has provided tutoring and course development services to ICE Training, a division of TTL, a wholly owned subsidiary of the institution. In 2024, TTL was charged £10,660 (2023: £15,701) by Mr Barlow for these services.” — page 75
“Liz Waugh is a trustee of the institution and a director of Coast Communications & Marketing Limited. During the year the institution made a payment of £nil (2023: £65) to Coast Communications & Marketing Limited for costs incurred on the institution’s behalf related to the renewal of internet domain names.” — page 75
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustees donated £102 to the Charity during the year.
“Lewis Barlow is a trustee of the institution who has provided tutoring and course development services to ICE Training, a division of TTL, a wholly owned subsidiary of the institution. In 2024, TTL was charged £10,660 (2023: £15,701) by Mr Barlow for these services.” — page 75
“Liz Waugh is a trustee of the institution and a director of Coast Communications & Marketing Limited. During the year the institution made a payment of £nil (2023: £65) to Coast Communications & Marketing Limited for costs incurred on the institution’s behalf related to the renewal of internet domain names.” — page 75
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/12/2024)
Total income
£43.0m
Total spending
£46.6m
Cost of raising funds
£15.5m
Reserves (reported)
£20.1m
Employees
355
Register events
- Received assets from another charity (02/06/2015)
Trustees
- Andrew Enston
- Andrew James Mcnaughton
- David Norman Porter
- Jonathan Alan Spruce
- Julie Louise Wood
- Lewis Barlow
- Lucy Rew
- Ohis Ilalokhoin
- Paula McMahon
- Priti Parikh
- Richard William Bayfield
- Yvonne Murphy
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £43.0m | £46.6m |
| 31/12/2023 | £42.7m | £41.1m |
| 31/12/2022 | £40.4m | £37.4m |
| 31/12/2021 | £35.0m | £29.8m |
| 31/12/2020 | £33.1m | £30.7m |
Common questions
Is THE INSTITUTION OF CIVIL ENGINEERS financially healthy?
The accounts state that the Group reported a net expenditure of £2,660k for the year, resulting in a decrease in total net assets. However, the trustees confirm that free reserves of £20,087k exceeded the stated policy target range of £12.0m to £15.0m, and the institution maintains adequate liquidity with freely available cash and investments standing at £30,387k. Its FY2024 accounts were audited by HaysMac LLP.
Who funds THE INSTITUTION OF CIVIL ENGINEERS?
Funders whose own accounts filings name THE INSTITUTION OF CIVIL ENGINEERS as a grant recipient include Friends of the Nations' Libraries.
Known funders
| Funder | Year | Amount |
|---|---|---|
| Friends of the Nations' Libraries | FY2025 | £6k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 18/02/1999 | £20k | "Engineering - Both String and Pearls" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MISSION44 | 1 | £810k |
| ROYAL ENGINEERS CENTRAL CHARITABLE TRUST | 1 | £415k |
| ROSETREES | 1 | £94k |
| REES JEFFREYS ROAD FUND | 1 | £40k |
| DEVELOPMENTS IN LITERACY UK (UK) | 1 | £10k |
| THE DAVID FAMILY FOUNDATION | 1 | £0 |