THE INSTITUTION OF ENGINEERING AND TECHNOLOGY
Registered charity 211014 · accounts filings on the Charity Commission register · also known as IET, THE IET, THE INSTITUTION OF ELECTRICAL ENGINEERS · also registered in Scotland as SC038698 (OSCR)
Education, policy & awareness activities engage the public in the role of science, engineering & technology in enhancing peoples' lives. IET gathers & distributes knowledge content via a variety of channels to a global audience, drawing on the unique strengths of its membership. Membership & professional development focuses on career long professional development & registration of individuals.
Causes: Education/training · Grant history (this charity is a funder) · website · Get email alerts
Financial health, per its FY2024 accounts
The accounts state that the charity's free reserves were £98.4m, significantly exceeding the stated reserves policy target range of £41.2m to £49.4m. Per the trustees' report, the organization maintains a robust financial position with unrestricted funds covering 239% of the lower end of the target range, supported by substantial investment assets.
Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Largest income source: Membership and professional development (34% of income)
“Membership and professional development £21.9m” — page 48
Per its FY2024 accounts as filed with the Charity Commission.
Accounts audited by BDO LLP. Discloses 3 of 6 completeness components.
Leadership, per the charity’s website
- Sam Hubbard — President (source)
Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.
Property (HM Land Registry)
5 registered titles in England and Wales held by the charity’s company or corporate body (1 freehold); recorded price paid £85k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.
Public profiles (found on the charity’s own website): instagram (13K followers)
Structured financials (annual return, FY ending 31/12/2024)
Cost of raising funds
£7.2m
Reserves (reported)
£68.9m
Reported reserves equal ~11.8 months of spending — in the top quarter for charities its size (median 4.6 months; benchmarks).
Per its annual return, largest income source: Charitable activities (65% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.
Per its annual return, cost of raising funds: 11.2% of total income — above the median for charities its size (3.8%) (benchmarks).
- Dawn Elizabeth Ohlson CEng FIETchair
- Brigadier Andrew James Rogers CEng FIET
- David Warren Arthur East CBE FIET
- Dr Graham Herries
- Dr Paul Michael Needham · trustee of 1 other charity
- Dr Simon David Hart CEng FIET
- Ian MacGillivray CEng MIET
- Justina Ho
- Kathryn Trudy Norris-Grey
- Katy Deacon CEng MIET
- Mamta Rani Singhal MBE FIET
- Mark Goudie CEng FIET
- Sam Presley
- Samantha Elizabeth Hubbard IEng FIET
- Simon Harrison · trustee of 1 other charity
- Yewande Modupe Akinola CEng FIET · trustee of 1 other charity
Trustee list from the Charity Commission register (current, not historical).
Operates in: Australia · Bahrain · Belgium · Brunei · Canada · China · Cyprus · Czech Republic · Egypt · France · Germany · Gibraltar
Income and spending
Common questions
Is THE INSTITUTION OF ENGINEERING AND TECHNOLOGY financially healthy?
Per its FY2024 accounts: The accounts state that the charity's free reserves were £98.4m, significantly exceeding the stated reserves policy target range of £41.2m to £49.4m. Per the trustees' report, the organization maintains a robust financial position with unrestricted funds covering 239% of the lower end of the target range, supported by substantial investment assets. Its FY2024 accounts were audited by BDO LLP.
Who funds THE INSTITUTION OF ENGINEERING AND TECHNOLOGY?
Funders whose own accounts filings name THE INSTITUTION OF ENGINEERING AND TECHNOLOGY as a grant recipient include REES JEFFREYS ROAD FUND, A G MANLY CHARITABLE TRUST.
Known funders
Grants to this charity found in funders’ own accounts filings.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
Funders of similar charities
Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.
Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with THE INSTITUTION OF CHEMICAL ENGINEERS.
Side by side with its peers
Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.