THE INSTITUTION OF ENGINEERING AND TECHNOLOGY
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.
Objects
TO PROMOTE THE GENERAL ADVANCEMENT OF SCIENCE, ENGINEERING & TECHNOLOGY & TO FACILITATE THE EXCHANGE OF INFORMATION AND IDEAS ON THESE SUBJECTS AMONGST THE MEMBERS OF THE IET AND OTHERWISE
Financial health, per its FY2025 accounts
The accounts state that the charity holds free reserves of £100.1m, which is significantly above the stated target range of £44.9m to £52.5m. The group reported a net income of £6.95m for the year, supported by investment gains, despite operational losses. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“Throughout 2025, the IET had two active wholly owned non-charitable trading subsidiary undertakings registered in England and Wales, IET Services Limited (IETSL), company registration number 909719, and IET Conventions Limited (IETCL), company registration number 3566585.”
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/12/2025
- Volunteers: 3,800
- Government income: £1,750,332 — contracts £1,750,332 (32); 3% of the £65,144,000 total gross income on the same return
- Employees paid over £60,000: 92 (£60,001–£70,000: 35; £70,001–£80,000: 20; £80,001–£90,000: 11; £90,001–£100,000: 5; £100,001–£110,000: 4; £110,001–£120,000: 2; £120,001–£130,000: 1; £130,001–£140,000: 2; £140,001–£150,000: 5; £150,001–£200,000: 5; £200,001–£250,000: 1; £250,001–£300,000: 1)
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/12/2024
- Volunteers: 3,700
- Government income: £49,200 — contracts £49,200 (3); under 1% of the £64,082,000 total gross income on the same return
- Employees paid over £60,000: 91 (£60,001–£70,000: 31; £70,001–£80,000: 18; £80,001–£90,000: 12; £90,001–£100,000: 5; £100,001–£110,000: 7; £110,001–£120,000: 3; £120,001–£130,000: 4; £130,001–£140,000: 3; £140,001–£150,000: 1; £150,001–£200,000: 5; £200,001–£250,000: 2)
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/12/2023
- Volunteers: 4,913
- Government income: £60,945 — contracts £60,945 (3); under 1% of the £66,414,000 total gross income on the same return
- Employees paid over £60,000: 80 (£60,001–£70,000: 25; £70,001–£80,000: 20; £80,001–£90,000: 9; £90,001–£100,000: 9; £100,001–£110,000: 2; £110,001–£120,000: 3; £120,001–£130,000: 2; £130,001–£140,000: 2; £140,001–£150,000: 3; £150,001–£200,000: 4; £250,001–£300,000: 1)
- Has a trading subsidiary
Leadership, per the charity’s website
- Sam Hubbard — President
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- Samantha Elizabeth Hubbard IEng FIETchair
- Alkis Spyrou
- Andrew C Downton
- David Cleevely
- Dawn Elizabeth Ohlson CEng FIET
- Dr Graham Herries
- Dr Paul Michael Needham
- 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
- Simon Harrison
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £65.1m | £70.2m |
| 31/12/2024 | £64.1m | £70.3m |
| 31/12/2023 | £66.4m | £72.3m |
| 31/12/2022 | £67.6m | £68.8m |
| 31/12/2021 | £58.5m | £64.5m |
Common questions
Is THE INSTITUTION OF ENGINEERING AND TECHNOLOGY financially healthy?
Per its FY2025 accounts: The accounts state that the charity holds free reserves of £100.1m, which is significantly above the stated target range of £44.9m to £52.5m. The group reported a net income of £6.95m for the year, supported by investment gains, despite operational losses. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 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
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| REES JEFFREYS ROAD FUND | FY2023 | £25k | Education |
| REES JEFFREYS ROAD FUND | FY2022 | £15k | 2023 Faraday Challenge programme |
| A G MANLY CHARITABLE TRUST | FY2022 | £3k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 01/04/2021 | £79k | UK Cyber Security Council |
| UK government | 01/04/2020 | £1.8m | UK Cyber Security Council |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE JORDAN CHARITABLE FOUNDATION | 1 | £1.2m |
| ROYAL ENGINEERS CENTRAL CHARITABLE TRUST | 1 | £607k |
| GARFIELD WESTON FOUNDATION | 1 | £500k |
| THE GRAIL FOUNDATION OF GREAT BRITAIN | 1 | £114k |
| THE EDWARD CADBURY CHARITABLE TRUST | 1 | £15k |
| SIR ROBERT GEFFERY'S ALMSHOUSE TRUST | 1 | £14k |
| THE ADRIAN SWIRE CHARITABLE TRUST | 1 | £10k |
| BRITISH POULTRY SCIENCE LTD | 1 | £5k |
Charities like this
- THE INSTITUTION OF CHEMICAL ENGINEERS
- THE ENGINEERING AND TECHNOLOGY BOARD
- ENGINUITY
- ENGINEERING INTEGRITY SOCIETY
- INSTITUTE OF CAST METALS ENGINEERS
- THE INSTITUTION OF ENGINEERING AND TECHNOLOGY BENEVOLENT FUND
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 | £65.1m | — | — | unclear | — | no doubt |
| THE INSTITUTION OF CHEMICAL ENGINEERS | £10.6m | — | — | unclear | — | no doubt |
| THE ENGINEERING AND TECHNOLOGY BOARD | £10.0m | £220,001 - £230,000 | — | within | — | no doubt |
| ENGINUITY | £15.8m | £280,000 - £290,000 | — | above | — | no doubt |
| ENGINEERING INTEGRITY SOCIETY | £116k | — | 0 | unclear | — | no doubt |
| INSTITUTE OF CAST METALS ENGINEERS | £316k | — | 0 | unclear | — | no doubt |