WHITWORTH SCHOLARSHIP'S FUND

Registered charity 313756 · accounts filings on the Charity Commission register

Make awards to suitably qualified applicants to enable them to study engineering

Causes: Education/training · website · Get email alerts

Latest income

£234k

Latest spending

£379k

Registered

1963

Accounts read

FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted reserves stood at £2,801,373, which is significantly above the stated policy minimum of £516,000. The charity reported a net income of £254,711 for the year, driven by investment gains, while total charitable expenditure amounted to £379,471.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Investments (100% of income)

“All the Fund’s income is generated from investments and bank deposits.” — page 7

Per its FY2024 accounts as filed with the Charity Commission.

Reserves policy: at least six months of charitable spend, in addition to long term multi-year scholarship commitment due within one year (held: £2.8m)

“The Trust has a policy which requires that the level of free reserves should reflect at least six months of charitable spend, in addition to long term multi-year scholarship commitment due within one year. The minimum unrestricted reserves required at the end of year was £516k.” — page 8

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: The Institution of Mechanical Engineers administers the Prizes for Whitworth Scholarships Trust Fund. It incurs costs relating to venue hire, speakers and catering which are recharged to the Trust Fund. The amount recharged during the year ended 31 December 2024 was £5,534 (2023: £3,943 and the amount due to the Institution at the year-end was nil (2023: nil)).

“The Institution of Mechanical Engineers administers the Prizes for Whitworth Scholarships Trust Fund. It incurs costs relating to venue hire, speakers and catering which are recharged to the Trust Fund. The amount recharged during the year ended 31 December 2024 was £5,534 (2023: £3,943 and the amount due to the Institution at the year-end was nil (2023: nil)).” — page 22

Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by MHA. Discloses 5 of 6 completeness components.

Trustees · trustee networks

INSTITUTION OF MECHANICAL ENGINEERS

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

Operates in: Throughout England And Wales

Income and spending

Financial year end	Income	Spending
31/12/2024	£234k	£379k
31/12/2023	£240k	£308k
31/12/2022	£237k	£271k
31/12/2021	£208k	£278k
31/12/2020	£193k	£208k

Common questions

Is WHITWORTH SCHOLARSHIP'S FUND financially healthy?

Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £2,801,373, which is significantly above the stated policy minimum of £516,000. The charity reported a net income of £254,711 for the year, driven by investment gains, while total charitable expenditure amounted to £379,471. Its FY2024 accounts were audited by MHA.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Funder	Similar charities funded	Amount to them
LOCAL TRUST	1	£122k
THE MICHAEL MARSH CHARITABLE TRUST	1	£69k
THE SHELDON TRUST	1	£12k
THE JOHN HORSEMAN TRUST	1	£10k
THE ALAN EDWARD HIGGS CHARITY	1	£10k
THE EDWARD CADBURY CHARITABLE TRUST	1	£6k
BESSELS GREEN BAPTIST CHURCH	1	£5k
THE GROCERS' CHARITY	1	£5k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with BRITISH FRIENDS OF DARCHE NOAM.

BRITISH FRIENDS OF DARCHE NOAM income £139k
THE WORTH FOUNDATION LIMITED income £653k
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY'S KINGS WORTHY income £191k
ASSOCIATION FOR INFORMATION TECHNOLOGY TRUST income £190k
CHARITIES ADMINISTERED ICW THE HONOURABLE SOCIETY OF THE MIDDLE TEMPLE income £720k
Cotswolds Arts Through Schools income £581k

Side by side with its peers

Charity	Income	Top pay band	Reserves vs policy	Fundraising cost	Going concern
WHITWORTH SCHOLARSHIP'S FUND	£234k	—	above	—	no doubt
BRITISH FRIENDS OF DARCHE NOAM FY2025	£139k	—	unclear	—	no doubt
THE WORTH FOUNDATION LIMITED FY2025	£653k	—	above	—	no doubt
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY'S KINGS WORTHY FY2025	£191k	—	above	—	no doubt
ASSOCIATION FOR INFORMATION TECHNOLOGY TRUST FY2024	£190k	—	unclear	—	no doubt
CHARITIES ADMINISTERED ICW THE HONOURABLE SOCIETY OF THE MIDDLE TEMPLE FY2024	£720k	—	unclear	—	no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.