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home >> charity search >> the royal academy of engineering
Finance Score: 2
Governance Score: 0
Support Score: 7
  • Poor Liquidity: -1
  • Good Reserves: +1Reasonable growth: +1
  • Multiple Deficits: -2
  • Fundraising costs low: +3
  • No volunteer policy: -2
  • 12+ Trustees: -1
  • Dynamic board: +3
  • Grant maker support: +7
Overall GiG Score: 9 ?

THE ROYAL ACADEMY OF ENGINEERING 

The Academy's work programmes are driven by three charitable activities each of which harnesses the power of engineering to build a sustainable society and an inclusive economy that works for everyone. 1. Talent and diversity2. Innovation3. Policy and engagement
Analysis by Giving is Great

Positives:

  • There has been reasonable growth in spending over the last 3 years relative to the previous period
  • Fundraising costs are unusually low relative to funds raised
  • A significant proportion of recent income was derived from major grant makers including the Government
  • The Board appears to be dynamic in terms of composition

Regulatory & Governance issues to consider:

  • Although this charity works with volunteers it does not have a Volunteer Management policy
  • There are 15 trustees whereas the Charities Commission recommends a maximum of 12
  • Over half the Board have joined recently

Financial issues to consider:

  • Liquidity appears to have been slender at the latest year end but unrestricted reserves are available
  • On several occasions in recent years income has been less than spending


miles
Established: 38 years

www.raeng.org.uk

info@raeng.org.uk

02077660648

Charity Commission for England and WalesFacebookX

Financial Data ?

Income & Spending ?
Sources of Income ?
Y/E Income
£k		 Spending
£k		 Surplus/
Deficit		 Fundraising
Cost £k		 Total
Funds £k		 Unrestricted
Funds £k		 Mths
Rsrvs		 Staff Volun-
teers
31/03/23£57,124£57,622£-498£1,550£66,819£31,8116.6169700
31/03/22£48,274£48,846£-572£1,289£70,664£32,4968154580
31/03/21£51,212£54,506£-3,295£879£68,411£32,0857.11300
31/03/20£52,882£50,402£2,480£1,478£62,553£28,6056.81180
31/03/19£36,749£37,717£-969£1,593£65,177£31,0929.91000
31/03/18£31,525£31,803£-278£1,269£63,975£30,87311.6920
31/03/17£27,410£27,371£39£941£64,421£31,76613.9830
31/03/16£29,248£23,550£5,698£1,297£58,465£23,57312680
31/03/15£32,144£24,446£7,698£1,333£53,068£22,78011.2680
31/03/14£25,882£21,149£4,733£1,140£46,203£25,85414.7660
31/03/13£25,008£15,816£9,192£1,080£40,232£24,10318.3620
31/03/12£20,892£17,493£3,399£263£27,050£20,17113.8580
31/03/11£20,785£18,268£2,517£290£23,572£19,64212.9640
31/03/10£19,084£17,534£1,550£343£19,650£17,97712.3640
31/03/09£17,262£17,005£257£294£14,666£14,57310.3570
31/03/08£15,908£17,192£-1,284£281£18,661£18,56913560
31/03/07£14,128£13,414£715£236£22,069£21,95219.6510
31/03/06£10,092£9,771£321£0£0£0n/a00
31/03/05£17,630£9,277£8,352£0£0£0n/a00
31/03/04£8,053£8,035£18£0£0£0n/a00
Show more rows -->

Download accounts
Financial Ratios
Fundraising Costs/Relevant Income: 2.9%
Fundraising Costs/Total Spending: 2.8%
Senior Staff Costs/Total Spending: 4%
Highest pay band: £150,000-£200,000
Liabilities/Assets: 25%
Liabilities/Income: 38%
Unrestricted Funds/Total Funds: 48%
Reserves/Spending: 6.6 months
Net Current Assets/Spending: 1 months
Quick Ratio: 0.4
Asset Split ?
Listed activities
  • Economic/Community Development/Employment
  • Education/Training
How it operates
  • Makes Grants to Individuals
  • Makes Grants to Organisations
  • Provides advocacy/advice/information
  • Sponsors or undertakes research
Where it operates
  • Northern Ireland, Scotland,
Who it helps
  • Children/Young People
  • Other Defined Groups
  • The General Public/Mankind
Who works here?
  • 169 employees
  • 700 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations
Amount When
Months		 To be used for
Mission 44 - Grant to Royal Academy of Engineering
£457,200 14/06/2022
Towards the Motorsport MSc Scholarship Programme to support at least 10 Black students in motorsport related subjects plus professional capital building, exposure to motorsport industry, mentors and ....more
Department for Business, Energy and Industrial Strategy - Newton Fund grant for Royal Academy for Engineering
£1,913,056 03/02/2022
Builds research and innovation partnerships with countries in Africa, Asia and Latin America to support economic development and social welfare, tackle global challenges and develop talent and ....more
Department for Business, Energy and Industrial Strategy - Global Challenges Research Fund (GCRF) grant for Royal Academy for Engineering
£5,397,193 03/02/2022
Supports UK and international researchers and innovators to take on key issues affecting developing countries
Department for Business, Energy and Industrial Strategy - Royal Academy of Engineering Support grant 19-20
£19,366,000 01/04/2019
To support the aims of the Royal Saociety
Wolfson Foundation - Grant to The Royal Academy of Engineering
£200,000 16/06/2016
Multi-use room in the Enterprise Hub

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (15)
Current Trustees appointed

Legal constitution
  • Charity registered in England & Wales on 22/11/1985, number: 293074
Gift Aid
  • Registered with HMRC for Gift Aid
Policies in force
  • Bullying and harassment policy and procedures
  • Campaigns and political activity policy and procedures
  • Complaints policy and procedures
  • Conflicting interests
  • 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
  • Paying staff
  • Risk management
  • 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
Filing Record
20 returns made; all on time
Main office

THE ROYAL ACADEMY OF ENGINEERING
3-4 CARLTON HOUSE TERRACE
LONDON
SW1Y 5DG

Objectives

THE PURSUIT ENCOURAGEMENT AND MAINTENANCE OF EXCELLENCE IN THE WHOLE FIELD OF ENGINEERING TO USEFUL PURPOSE IN ORDER TO PROMOTE THE ADVANCEMENT OF THE SCIENCE, ART AND PRACTICE OF ENGINEERING FOR THE BENEFIT OF THE PUBLIC.

Defined Area of Benefit:

NOT DEFINED

Data Sources

Charity Commission for England and Wales
360 Giving
CharityBase
Authorised officials of this charity can add information to this page (including a Donate Now button) for no cost

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