WHITWORTH SCHOLARSHIP'S FUND
Make awards to suitably qualified applicants to enable them to study engineering
Objects
THE PROMOTION OF THE ENGINEERING AND MECHANICAL INDUSTRY OF THE COUNTY BY THE AWARD OF SCHOLAR-SHIPS FOR THE FURTHER EDUCATION OF YOUNG PERSONS, NATIVES OF THE UNITED KINGDOM, SELECTED BY OPEN COMPETION FOR THEIR INTELLIGENCE AND PROFICIENCY IN THE THEORY AND PRATICE OF MECHANICS AND ITS COGNATE SCIENCES.
Financial health, per its FY2025 accounts
The accounts state that the charity holds unrestricted reserves of £3,121,824, which significantly exceeds its stated policy minimum of £304,000. The filing confirms that the charity has adequate resources to continue in operational existence for the foreseeable future with no material uncertainties regarding its going concern status.
What the accounts disclose
“Income from the investment portfolios and bank deposits amounted to £279,778” — page 6
“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 £304k.” — page 7
“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 2025 was nil (2024: £5,534) and the amount due to the Institution at the year end was nil (2024: nil))” — page 21
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints policy and procedures
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
- INSTITUTION OF MECHANICAL ENGINEERS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £280k | £342k |
| 31/12/2024 | £234k | £379k |
| 31/12/2023 | £240k | £308k |
| 31/12/2022 | £237k | £271k |
| 31/12/2021 | £208k | £278k |
Common questions
Is WHITWORTH SCHOLARSHIP'S FUND financially healthy?
Per its FY2025 accounts: The accounts state that the charity holds unrestricted reserves of £3,121,824, which significantly exceeds its stated policy minimum of £304,000. The filing confirms that the charity has adequate resources to continue in operational existence for the foreseeable future with no material uncertainties regarding its going concern status. Its FY2025 accounts were audited by MHA Audit Services LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ARCHBISHOPS' COUNCIL | 1 | £999k |
| LOCAL TRUST | 1 | £122k |
| THE MICHAEL MARSH CHARITABLE TRUST | 1 | £69k |
| THE ALAN EDWARD HIGGS CHARITY | 1 | £15k |
| THE SHELDON TRUST | 1 | £12k |
| THE JOHN HORSEMAN TRUST | 1 | £10k |
| BLACKHORSE ROAD BAPTIST CHURCH | 1 | £7k |
| THE EDWARD CADBURY CHARITABLE TRUST | 1 | £6k |
Charities like this
- BRITISH FRIENDS OF DARCHE NOAM
- THE WORTH FOUNDATION LIMITED
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY'S KINGS WORTHY
- ASSOCIATION FOR INFORMATION TECHNOLOGY TRUST
- WAY UK
- CHARITIES ADMINISTERED ICW THE HONOURABLE SOCIETY OF THE MIDDLE TEMPLE
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| WHITWORTH SCHOLARSHIP'S FUND | £280k | — | 0 | above | — | no doubt |
| BRITISH FRIENDS OF DARCHE NOAM | £139k | — | 0 | unclear | — | no doubt |
| THE WORTH FOUNDATION LIMITED | £653k | — | 0 | above | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY'S KINGS WORTHY | £191k | — | 0 | above | — | no doubt |
| ASSOCIATION FOR INFORMATION TECHNOLOGY TRUST | £190k | — | 0 | unclear | — | no doubt |
| WAY UK | £210k | — | 0 | within | — | no doubt |