Society of Petroleum Engineers Europe Limited

Analysis

Society of Petroleum Engineers Europe Limited is a registered charity in England and Wales, based in London. It was registered in February 1993, 33 years ago. Its declared purposes cover general charitable purposes, education/training, environment/conservation/heritage and economic/community development/employment, which this site groups under environment and conservation. Legally it is a charitable company (Companies House number 02778741). It says it makes grants to individuals, makes grants to organisations and provides human resources.

In the financial year ending March 2025, Society of Petroleum Engineers Europe Limited reported income of £4.1m and spending of £5.8m, spending 141% of what it took in. Across the 5 years on record, from March 2021 to March 2025, income grew from £1.8m to £4.1m (+123%), an average of +22% a year. The sharpest change came in the year to March 2023, when income rose by 101%. Over the whole period it spent 129% of the income it received.

Among 4,574 England and Wales charities whose main cause is environment and conservation and that reported income, Society of Petroleum Engineers Europe Limited sits at the 98th percentile: it is larger than about 98% of them. Against every charity in England and Wales with reported income it ranks in the 98th percentile. Charities of a similar size with the same main cause include Conservation Education & Research Trust (£4.1m), Groundwork West Midlands (£4.1m) and Students Organising for Sustainability (£4.0m).

In its latest detailed accounts, income came from donations and legacies 51%, charitable activities 46% and investments 2.6%. Charitable activities took 40% of spending and raising funds 7.8%. Reserves of £4.5m would cover about 9 months of spending at that rate. It employed 7 people.