THE ROYAL ACADEMY OF ENGINEERING
Financial health, per its FY2025 accounts
The accounts state that the group's net assets increased to £224.4 million, with free reserves of £5.4 million falling within the trustees' recommended range of £3.7 million to £6.0 million. The charity reports no material uncertainties regarding its ability to continue as a going concern, supported by a strong investment portfolio and adequate reserves.
What the accounts disclose
“The reserves policy states that the recommended range for Free Reserves is £3.7 million to £6.0 million.”
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Dame Dawn Elizabeth Childs
- Dame Judith Hackitt DBE FREng
- David Eyton CBE FREng
- David Richard John Wright FREng
- Dr Carolyn Jane Griffiths FREng
- Dr John W Lazar CBE FREng
- Dr Luisa Freitas dos Santos FREng
- Dr Steve Denton FREng
- PROFESSOR SARAH HAINSWORTH OBE FRENG
- Paul Taylor CBE FREng
- Professor Arthur Kay DBE
- Professor Dame Muffy Calder DBE
- Professor Nicholas Jennings
- Professor Richard Andrew Williams CBE FREng
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £71.8m | £67.8m |
| 31/03/2024 | £208.2m | £60.3m |
| 31/03/2023 | £57.1m | £57.6m |
| 31/03/2022 | £48.3m | £48.8m |
| 31/03/2021 | £51.2m | £54.5m |
Common questions
Is THE ROYAL ACADEMY OF ENGINEERING financially healthy?
The accounts state that the group's net assets increased to £224.4 million, with free reserves of £5.4 million falling within the trustees' recommended range of £3.7 million to £6.0 million. The charity reports no material uncertainties regarding its ability to continue as a going concern, supported by a strong investment portfolio and adequate reserves. Its FY2025 accounts were audited by BDO LLP.
Who funds THE ROYAL ACADEMY OF ENGINEERING?
Funders whose own accounts filings name THE ROYAL ACADEMY OF ENGINEERING as a grant recipient include MISSION44, ROSETREES, DEVELOPMENTS IN LITERACY UK (UK), THE DAVID FAMILY FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| MISSION44 | FY2023 | £434k |
| MISSION44 | FY2025 | £188k |
| MISSION44 | FY2024 | £188k |
| ROSETREES | FY2024 | £94k |
| DEVELOPMENTS IN LITERACY UK (UK) | FY2023 | £10k |
| THE DAVID FAMILY FOUNDATION | FY2021 | £0 |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE HEALTH FOUNDATION | 1 | £150k |
| THE NUFFIELD FOUNDATION | 1 | £66k |
| REES JEFFREYS ROAD FUND | 1 | £40k |
| THE SINO-BRITISH FELLOWSHIP TRUST | 1 | £19k |
| THE JOHN S COHEN FOUNDATION | 1 | £8k |
| Friends of the Nations' Libraries | 1 | £3k |
| THE NATIONAL MANUSCRIPTS CONSERVATION TRUST | 1 | £3k |