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home >> charity search >> the institution of mechanical engineers
Finance Score: -5
Governance Score: 2
Support Score: 3
  • Fundraising costs high: -5
  • 12+ Trustees: -1
  • Dynamic board: +3
  • Gov Income
  • Grant maker support: +3
Overall GiG Score: 0 ?

THE INSTITUTION OF MECHANICAL ENGINEERS 

Improving the world through engineering,specifically as per the Royal Charter: The objects and purposes for which the institution is hereby constituted are to promote the development of Mechanical Engineering and to facilitate the exchange of information and ideas thereon?
Analysis by Giving is Great

Positives:

  • The charity has received Government grants
  • There have been no material income shortfalls in recent years
  • The Board appears to be dynamic in terms of composition

Regulatory & Governance issues to consider:

  • This charity is not recognised by HMRC for Gift Aid according to its latest published return
  • There are 13 trustees whereas the Charities Commission recommends a maximum of 12
  • Over half the Board have joined recently

Financial issues to consider:

  • Fundraising costs are extremely high relative to funds raised
miles

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
31/12/22£28,710£28,523£187£11,344£33,454£19,3988.22245,276
31/12/21£22,602£21,863£739£7,015£35,150£19,71610.82004,000
31/12/20£21,929£20,981£948£7,665£23,368£9,0045.11994,000
31/12/19*£27,933£25,334£2,599£10,886£28,611£14,6366.91916,600
31/12/18*£23,987£26,809£-2,822£10,291£24,735£12,7005.71836,500
31/12/17£22,049£23,661£-1,612£8,526£30,885£16,2338.21780
31/12/16£21,941£23,030£-1,089£8,628£29,459£15,6598.21990
31/12/15£26,172£25,663£509£0£31,912£19,1038.92280
31/12/14£24,525£23,493£1,032£11,433£27,948£14,9997.71800
31/12/13£21,127£19,706£1,421£6,313£31,346£18,48811.31740
31/12/12£17,078£16,364£714£3,953£24,387£13,2899.71350
31/12/11£14,867£14,019£848£2,673£24,069£13,966121280
31/12/10£17,236£16,037£1,199£5,256£29,701£18,85314.11320
31/12/09£18,708£18,016£692£6,352£14,431£4,8423.21370
31/12/08£19,274£19,075£199£6,459£13,117£5,2113.31670
31/12/07£18,923£17,519£1,404£6,747£19,965£9,4196.51410
31/12/06£17,494£16,260£1,234£0£0£0n/a00
31/12/05£16,232£12,373£3,859£0£0£0n/a00
31/12/04£9,492£10,275£-783£0£0£0n/a00
Show more rows -->

Download accounts
Financial Ratios
Fundraising Costs/Relevant Income: 67.6%
Fundraising Costs/Total Spending: 39.8%
Senior Staff Costs/Total Spending: 14%
Highest pay band: £150,000-£200,000
Liabilities/Assets: 20%
Liabilities/Income: 29%
Unrestricted Funds/Total Funds: 58%
Reserves/Spending: 8.2 months
Net Current Assets/Spending: 1 months
Quick Ratio: 0.9
Asset Split ?
Established: 61 years

www.imeche.org

enquiries@imeche.org

02073046862

Charity Commission for England and WalesFacebookInstagramX
UN SDGs
?
Listed activities
  • Economic/Community Development/Employment
  • Education/Training
GiG Classification
  • Professional associations
How it operates
  • Acts as an umbrella or resource body
  • Makes Grants to Individuals
  • Makes Grants to Organisations
  • Provides buildings/facilities/open space
  • Provides human resources
  • Provides services
  • Sponsors or undertakes research
Where it operates
  • Hong Kong, Malaysia, Scotland, Throughout England And Wales,
Who it helps
  • The General Public/Mankind
Who works here?
  • 224 employees
  • 5,276 volunteers

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (13)
Current Trustees appointed

Legal constitution
  • Charity registered in England & Wales on 29/07/1963, number: 206882
Gift Aid
  • NOT registered with HMRC for Gift Aid
Policies in force
  • Complaints handling
  • Conflicting interests
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding vulnerable beneficiaries
  • Volunteer management
Filing Record
19 returns made; AR19: 16 days late, AR18: 1 days late,
Recent reorganisation events:
  • Asset transfer in from THE HICKMAN EDUCATIONAL FOUNDATION on 09/11/2023
Main office

INSTITUTION OF MECHANICAL ENGINEERS
1 BIRDCAGE WALK
LONDON
SW1H 9JJ

Objectives

TO PROMOTE THE DEVELOPMENT OF MECHANICAL ENGINEERING. (FOR DETAILS PLEASE SEE PARAGRAPH 7 OF THE ROYAL CHARTER).

Defined Area of Benefit:

NOT DEFINED

Data Sources

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

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