THE INTERNATIONAL SOCIETY FOR TRENCHLESS TECHNOLOGY
The promotion and advancement of trenchless technology for the public benefit worldwide. This includes education, training, research, the compilation and archiving of technical information, publication and dissemination of trenchless news and information, organising exhibitions and conferences and co-operating with similar organisations dealing with underground utilities and underground space.
Financial health, per its FY2024 accounts
The accounts state that the charity realized a net loss from operations of £22,455 in 2024, primarily due to writing off £29,233 of bad debts, resulting in total unrestricted funds decreasing to £316,889. Per the trustees' report, the charity maintains reserves equal to two years of its operating budget, which meets its stated policy target.
What the accounts disclose
“Beginning in 2010 the ISTT achieved its goal of holding reserves equal to two-years of its operating budget and has maintained this level in 2024.”
“The ISTT has 28 affiliated societies located throughout the world. Each society shares the education and training goals and objectives of the ISTT.” — page 5
Trustees
- Christian Lerche
- Craig Vandaelle
- DEC DOWNEY
- Dr Keh Jian Shou
- Jari Kaukonen
- Jean-Marie Joussin
- Jeff Pace
- Jens Hoelterhoff
- Kenji Kaneko
- Paolo Trombetti
- Paulo Dequech
- Sam Efrat
- Stanislav Lovecky
- Wing Chan
- Wout Broere
- Yan Chunwen
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £126k | £151k |
| 31/12/2023 | £135k | £171k |
| 31/12/2022 | £109k | £168k |
| 31/12/2021 | £132k | £139k |
| 31/12/2020 | £154k | £119k |
Common questions
Is THE INTERNATIONAL SOCIETY FOR TRENCHLESS TECHNOLOGY financially healthy?
Per its FY2024 accounts: The accounts state that the charity realized a net loss from operations of £22,455 in 2024, primarily due to writing off £29,233 of bad debts, resulting in total unrestricted funds decreasing to £316,889. Per the trustees' report, the charity maintains reserves equal to two years of its operating budget, which meets its stated policy target. Its FY2024 accounts were independently examined.
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Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE INTERNATIONAL SOCIETY FOR TRENCHLESS TECHNOLOGY | £126k | — | 0 | above | — | no doubt |
| THE SOCIETY FOR UNDERWATER TECHNOLOGY LIMITED | £356k | £80,001 - £90,000 | — | above | — | no doubt |
| The Society for Cardiac Science and Technology LTD | £193k | — | 0 | above | — | no doubt |
| THE INTERNATIONAL CONTINENCE SOCIETY | £952k | £60,001 - £70,000 | 1 | unclear | — | no doubt |
| ENGINEERING INTEGRITY SOCIETY | £116k | — | 0 | unclear | — | no doubt |
| THE INTERNATIONAL SOCIETY OF ULTRASOUND IN OBSTETRICS AND GYNECOLOGY | £3.9m | — | — | above | — | no doubt |