THE WORSHIPFUL COMPANY OF ENGINEERS CHARITABLE TRUST FUND
Financial health, per its FY2024 accounts
The accounts state that total funds increased modestly from £1.71M to £1.81M, driven by investment returns and donations that broadly matched the budget. The trustees consider free reserves to be adequate but not excessive, noting that unrestricted funds may have been slightly over-committed to awards in the prior year. The charity remains compliant with regulations and maintains control over its risks.
What the accounts disclose
“The Trustees are of the opinion that the current level of unrestricted reserves provides sufficient flexibility to cover temporary shortfalls in incoming resources due to timing differences in income flows.” — page 5
“The Company continues to support the charity and the charity was recharged £6,000 during the year for salary costs (2023 - £7,500). The Company has recharged to the Charitable Trust Fund, the cost of award-related items including the purchase of winners’ medals, certificate frames and dinners for award winners and specific award sponsors at the Awards Ceremony.”
Trustees
- Professor Gordon Grier Thomas Masterton OBE DLchair
- David John Lane
- Dr Cecilia Dolores Byrne
- Helen Vanessa Middleton Ramsay
- John Ifor Rewbridge Owen OBE
- Major General Keith Harington CIMA CB
- Martin Christopher Knights FREng
- Penelope Bedford Taylor JP
- Peter Darrell Egan
- Professor Andrew George McNaughton FREng
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £219k | £124k |
| 31/12/2024 | £120k | £126k |
| 31/12/2023 | £157k | £140k |
| 31/12/2022 | £92k | £120k |
| 31/12/2021 | £125k | £124k |
Common questions
Is THE WORSHIPFUL COMPANY OF ENGINEERS CHARITABLE TRUST FUND financially healthy?
The accounts state that total funds increased modestly from £1.71M to £1.81M, driven by investment returns and donations that broadly matched the budget. The trustees consider free reserves to be adequate but not excessive, noting that unrestricted funds may have been slightly over-committed to awards in the prior year. The charity remains compliant with regulations and maintains control over its risks. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SIR ROBERT GEFFERY'S ALMSHOUSE TRUST | 1 | £4k |