INSTITUTION OF ENGINEERING DESIGNERS
The IED is a professional body for those who study, research, practice or manage engineering and product design. The IED works with education to develop courses in teaching and training relevant to design, promotes the excellence of good design to the wider community and assesses and regulates members in their work, for the public good.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a deficit of £115,671 for the year ended 31 December 2025, resulting in free unrestricted reserves being in a deficit of £333,898. The trustees have implemented a three-tiered plan to address this gap, including managing expenditure and realizing assets at Courtleigh, while noting that the financial statements are prepared on a going concern basis supported by access to overdraft and loan facilities.
What the accounts disclose
“free reserves (unrestricted reserves not tied up in fixed assets) are currently in deficit. The Trustees have a three-tiered plan to address this situation” — page 13
“The financial statements have been prepared on a going concern basis. The timing of receipts of subscription income means that working capital requirements can fluctuate significantly during the year. The Institution has access to both short term (overdraft) and medium-term funding (loans) to address this.” — page 13
“Members loaned a further £135,000 (2024: £30,000) to the charity during the year as short-term working capital. Loan interest at 9.00% (2024: 5.00%) per month was payable on the loans. The loans outstanding at the year end were £165,000 (2024: £60,000). No other related party transactions took place during the year.” — page 24
Property (HM Land Registry)
Register events
- Received assets from another charity (12/11/2013)
Trustees
- Raymond Yuen CEng FIEDchair
- Daniel Farrell CEng FIED
- David Thomas Hardy Castle IEng FIED
- Dr Benjamin Watson CTPD FIED
- Dr Eujin Pei CTPD FIED
- Dr GARY ANDREW TIZZARD CEng MIED
- Dr Jennifer Michelle Roberts CEng MIED
- Dr Mazher Mohammed MIED
- Eamon Michael Tarrant RCP MIED
- Mark Lynch CEng MIED
- Paul Jeffries CEng MIED
- Professor Kay Bond CEng FIED
- Professor Philip Jamie Sewell FIED
- Richard Timbrell MIED
- SIMON BENFIELD CENG FIED
- SIMON VAITKEVICIUS CEng FIED
- Thomas Nathan Channell CEng MIED
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £309k | £425k |
| 31/12/2024 | £297k | £337k |
| 31/12/2023 | £298k | £335k |
| 31/12/2022 | £284k | £271k |
| 31/12/2021 | £321k | £276k |
Common questions
Is INSTITUTION OF ENGINEERING DESIGNERS financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a deficit of £115,671 for the year ended 31 December 2025, resulting in free unrestricted reserves being in a deficit of £333,898. The trustees have implemented a three-tiered plan to address this gap, including managing expenditure and realizing assets at Courtleigh, while noting that the financial statements are prepared on a going concern basis supported by access to overdraft and loan facilities. Its FY2025 accounts were independently examined.