THE INSTITUTION OF ENGINEERING AND TECHNOLOGY BENEVOLENT FUND
Welfare work that falls into 5 main areas in the form of advice, personal contact, financial assistance, unemployment support and care support. It is primarily provided for members and former members of the Institution of Engineering & Technology & their dependants. Each person approaching the Charity receives support individually tailored to meet their specific needs.
Financial health, per its FY2025 accounts
The accounts state that Foothold achieved a small budget surplus for the year ended 30 June 2025, with total income exceeding total expenditure. Per the trustees' report, free reserves represent 11 months of annual expenditure, providing a significant buffer against income volatility. The charity confirms it remains financially viable with no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
“In 2025 one member of staff (2024: 1, £70,000-£80,000) received a salary excluding national insurance and pension between £80,000 and £90,000.” — page 40
“In 2025 one member of staff (2024: 1, £70,000-£80,000) received a salary excluding national insurance and pension between £80,000 and £90,000.” — page 40
“This level of free reserves represents 11 months (2023-24 2 months) of annual expenditure.”
“Donations were made by Trustees in the year totalling £350 ( 2024: £405) by 2 trustees (2024: 4).” — page 40
Year-over-year changes
- Top pay band moved from £70,001 - £80,000 (FY2024) to £80,001 - £90,000 (FY2025).
Property (HM Land Registry)
Structured financials (annual return, FY ending 30/06/2025)
Trustees
- ALAN WATTS
- Dale Melvyn Briscoe
- Dr Ines Tunga
- Dr Kenny Chukwunwike Otiaba
- John Gleeson
- Lynn Isabell Henderson
- Wolf Byttner
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £1.6m | £1.2m |
| 30/06/2024 | £1.2m | £2.1m |
| 30/06/2023 | £2.2m | £2.4m |
| 30/06/2022 | £1.5m | £2.5m |
| 30/06/2021 | £1.3m | £2.9m |
Common questions
Is THE INSTITUTION OF ENGINEERING AND TECHNOLOGY BENEVOLENT FUND financially healthy?
Per its FY2025 accounts: The accounts state that Foothold achieved a small budget surplus for the year ended 30 June 2025, with total income exceeding total expenditure. Per the trustees' report, free reserves represent 11 months of annual expenditure, providing a significant buffer against income volatility. The charity confirms it remains financially viable with no material uncertainties regarding its ability to continue as a going concern. Its FY2025 accounts were audited by Sayer Vincent LLP.
What does the highest-paid employee of THE INSTITUTION OF ENGINEERING AND TECHNOLOGY BENEVOLENT FUND earn?
Per its FY2025 accounts, the highest-paid employee was in the £80,001 - £90,000 band, and 1 employees earned over £60,000.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ROYAL ENGINEERS CENTRAL CHARITABLE TRUST | 1 | £1.2m |
| CSIS CHARITY FUND | 1 | £85k |
| REES JEFFREYS ROAD FUND | 1 | £40k |
| SIR ROBERT GEFFERY'S ALMSHOUSE TRUST | 1 | £14k |
| A G MANLY CHARITABLE TRUST | 1 | £3k |
Charities like this
- ICE BENEVOLENT FUND
- THE INSTITUTION OF STRUCTURAL ENGINEERS BENEVOLENT FUND
- ROYAL ENGINEERS ASSOCIATION
- THE INSTITUTION OF ENGINEERING AND TECHNOLOGY
- THE BENEVOLENT FUND OF THE INSTITUTION OF MECHANICAL ENGINEERS
- INSTITUTE OF CAST METALS ENGINEERS
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE INSTITUTION OF ENGINEERING AND TECHNOLOGY BENEVOLENT FUND | £1.6m | £80,001 - £90,000 | 1 | above | — | no doubt |
| ICE BENEVOLENT FUND | £1.7m | — | 1 | unclear | — | no doubt |
| THE INSTITUTION OF STRUCTURAL ENGINEERS BENEVOLENT FUND | £107k | — | 0 | above | — | no doubt |
| ROYAL ENGINEERS ASSOCIATION | £1.7m | £70,001 - £80,000 | — | unclear | — | no doubt |
| THE INSTITUTION OF ENGINEERING AND TECHNOLOGY | £64.1m | — | — | unclear | — | no doubt |
| THE BENEVOLENT FUND OF THE INSTITUTION OF MECHANICAL ENGINEERS | £1.7m | — | 0 | unclear | — | no doubt |