THE WORSHIPFUL COMPANY OF ENGINEERS CHARITABLE TRUST FUND
The main objectives of the trust are: the acknowledgement of excellence in engineering, supporting engineering education and research, giving grants and - in exceptional circumstances - assisting in the support of hardship experienced by members of the Worshipful Company of Engineers and their dependants.
Financial health, per its FY2025 accounts
The accounts state that total funds increased modestly from £1.81M to £2.04M, driven by investment returns and regular donations. The trustees consider free reserves to be adequate but not excessive, noting they provide sufficient flexibility to cover temporary shortfalls in incoming resources. The charity is operated as a grant-giving entity with a policy to distribute income arising each financial year.
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 £5,000 during the year for salary costs (2024 - £6,000). The Company has recharged to the Charitable Trust Fund, the cost of award-related items including the purchase of certificate tubes and dinners for award winners and specific award sponsors at the Awards Ceremony.”
Trustees
- Professor Gordon Grier Thomas Masterton OBE DLchair
- David John Lane
- Eur Ing Brian Morrie Back
- Helen Vanessa Middleton Ramsay
- John Ifor Rewbridge Owen OBE
- Major General Keith Harington CIMA CB
- Martin Christopher Knights FREng
- Penelope Bedford Taylor JP
- 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?
Per its FY2025 accounts: The accounts state that total funds increased modestly from £1.81M to £2.04M, driven by investment returns and regular donations. The trustees consider free reserves to be adequate but not excessive, noting they provide sufficient flexibility to cover temporary shortfalls in incoming resources. The charity is operated as a grant-giving entity with a policy to distribute income arising each financial year. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE INSTITUTION OF CIVIL ENGINEERS | 1 | £143k |
Charities like this
- ENGINEERS AGAINST POVERTY
- SOUTHAMPTON ENGINEERING TRAINING ASSOCIATION LTD
- The Worshipful Company of Turners Charitable Trust
- ROYAL ENGINEERS VOCATIONAL EDUCATION AND TRAINING TRUST
- THE PANASONIC TRUST FOR THE FURTHER EDUCATION AND TRAINING OF ENGINEERS
- WORSHIPFUL COMPANY OF INSURERS CHARITABLE TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE WORSHIPFUL COMPANY OF ENGINEERS CHARITABLE TRUST FUND | £219k | — | 0 | within | — | no doubt |
| ENGINEERS AGAINST POVERTY | £1.3m | — | — | above | — | no doubt |
| SOUTHAMPTON ENGINEERING TRAINING ASSOCIATION LTD | £3.1m | — | — | below | — | no doubt |
| The Worshipful Company of Turners Charitable Trust | £185k | — | 0 | unclear | — | no doubt |
| ROYAL ENGINEERS VOCATIONAL EDUCATION AND TRAINING TRUST | £730k | — | 0 | above | — | no doubt |
| THE PANASONIC TRUST FOR THE FURTHER EDUCATION AND TRAINING OF ENGINEERS | £106k | — | 0 | unclear | — | no doubt |