Finance Score: 1

Governance Score: 5

Support Score: 4

Poor Liquidity: -1
Good Reserves: +1Multiple Deficits: -2
Fundraising costs low: +3

12+ Trustees: -1
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +4

Overall GiG Score: 10

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.

Analysis by Giving is Great

Positives:

The charity has received backing from several prominent grant makers recently
Fundraising costs are low relative to funds raised
The Board appears to be well diversified in terms of gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

There are 16 trustees whereas the Charities Commission recommends a maximum of 12
Over half the Board have joined recently

Financial issues to consider:

Liquidity appears to have been slender at the latest year end but unrestricted reserves are available
On several occasions in recent years income has been less than spending

Established: 60 years

www.theiet.org

governance@theiet.org

02073445415

Charity Commission for England and Wales

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/12/22		£67,565	£68,826	£-1,261	£4,006	£176,826	£161,944	28.2	634	4,700
31/12/21		£58,545	£64,532	£-5,987	£1,643	£196,155	£178,255	33.1	636	4,813
31/12/20		£52,533	£61,867	£-9,334	£1,617	£186,298	£170,044	33	670	4,508
31/12/19		£65,634	£67,264	£-1,630	£5,501	£184,982	£169,490	30.2	607	4,606
31/12/18		£68,712	£65,377	£3,335	£4,790	£168,003	£154,127	28.3	597	4,448
31/12/17		£61,780	£61,460	£320	£4,562	£173,886	£158,859	31	578	0
31/12/16		£58,453	£57,174	£1,279	£3,461	£156,008	£142,926	30	584	0
31/12/15		£54,299	£52,625	£1,674	£2,819	£153,919	£142,429	32.5	549	0
31/12/14		£51,689	£51,160	£529	£6,748	£145,931	£132,948	31.2	540	0
31/12/13		£57,596	£58,674	£-1,078	£9,654	£137,297	£125,269	25.6	513	0
31/12/12	*	£56,820	£53,107	£3,713	£11,922	£117,240	£104,733	23.7	471	0
31/12/11		£55,279	£50,913	£4,366	£10,233	£111,062	£98,884	23.3	450	0
31/12/10		£57,218	£49,702	£7,516	£9,319	£112,573	£100,168	24.2	451	0
31/12/09		£55,134	£53,466	£1,668	£10,291	£92,076	£85,428	19.2	470	0
31/12/08		£59,936	£53,320	£6,616	£13,363	£83,019	£77,586	17.5	480	0
31/12/07	*	£47,756	£51,846	£-4,090	£1,278	£113,876	£107,157	24.8	434	0
31/12/06		£44,044	£46,924	£-2,880	£0	£0	£0	n/a	0	0
31/12/05		£43,345	£40,966	£2,379	£0	£0	£0	n/a	0	0
31/12/04		£39,023	£37,753	£1,270	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 8.7%
Fundraising Costs/Total Spending: 6.7%
Senior Staff Costs/Total Spending: 11%
Highest pay band: £200,000-£250,000
Liabilities/Assets: 13%
Liabilities/Income: 37%
Unrestricted Funds/Total Funds: 92%
Reserves/Spending: 28.2 months
Net Current Assets/Spending: 1 months
Quick Ratio: 0.4

Asset Split ?

Listed activities

Education/Training

How it operates

Makes Grants to Individuals
Makes Grants to Organisations
Other charitable activities
Provides advocacy/advice/information
Provides services
Sponsors or undertakes research

Where it operates

Australia, Bahrain, Belgium, Brunei, Canada, China, Cyprus, Czech Republic, Egypt, France, Germany, Gibraltar, Greece, Guernsey, Hong Kong, India, Ireland, Israel, Italy, Japan, Jersey, Jordan, Kuwait, Luxembourg, Malaysia, Malta, Mauritius, Netherlands, New Zealand, Nigeria, Norway, Pakistan, Saudi Arabia, Scotland, Singapore, South Africa, Sri Lanka, Sweden, Switzerland, Taiwan, Trinidad And Tobago, United Arab Emirates, United States,

Who it helps

Children/Young People
The General Public/Mankind

Who works here?

634 employees
4,700 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
DCMS - UK Cyber Security Council
£78,711	01/04/2021	For the IET, in partnership with an alliance of cyber security organisations, to set up the new UK Cyber Security Council which we expect to act as the single, coherent voice for the cyber security ....more For the IET, in partnership with an alliance of cyber security organisations, to set up the new UK Cyber Security Council which we expect to act as the single, coherent voice for the cyber security profession going forward.
DCMS - UK Cyber Security Council
£1,800,000	01/04/2020	For the IET, in partnership with an alliance of cyber security organisations, to set up the new UK Cyber Security Council which we expect to act as the single, coherent voice for the cyber security ....more For the IET, in partnership with an alliance of cyber security organisations, to set up the new UK Cyber Security Council which we expect to act as the single, coherent voice for the cyber security profession going forward.
Wates Family Enterprise Trust - Institution of Engineering and Technology
£30,000	21/03/2019	To enable teams of children from areas of social disadvantage in the UK take part in IET FIRST® LEGO® League.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (16)

Current Trustees appointed

Gender Split

Based on 13/16 persons

DR RONJON NAG CENG FIET Appointed: 2022

GOPICHAND KATRAGADDA PHD FIET (Chair) Appointed: 2019

YEWANDE MODUPE AKINOLA MBE FIET Appointed: 2023

ABIGAIL SARAH HUTTY CENG MIET Appointed: 2021

ANNI FENG CENG MIET Appointed: 2022

COLONEL ANDREW JAMES ROGERS CENG FIET Appointed: 2023

DAVID WARREN ARTHUR EAST CBE FIET Appointed: 2023

DAWN ELIZABETH OHLSON CENG FIET Appointed: 2023

DR CAROL MARSH CENG FIET Appointed: 2022

DR SIMON DAVID HART CENG FIET Appointed: 2023

KATY DEACON CENG MIET Appointed: 2021

MAMTA RANI SINGHAL MBE FIET Appointed: 2023

PROFESSOR TIMOTHY RICHARD DAFFORN FIET Appointed: 2022

SAMANTHA ELIZABETH HUBBARD IENG FIET Appointed: 2022

PROFESSOR ROBERT ANTHONY CRYAN CBE FIET Appointed: 2020, Other trusteeships: YORKSHIRE UNIVERSITIES, IDEA FOUNDATION,

PROFESSOR SARAH KATHERINE SPURGEON CENG FIET Appointed: 2021, Occupation: Academic

Legal constitution

Charity registered in England & Wales on 18/12/1963, number: 211014
Registered at Companies House on 01/01/1970, number: RC000263

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Investment
Paying staff
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

19 returns made; AR12: 115 days late, AR07: 250 days late,

Main office

THE INSTITUTION OF ENGINEERING AND
TECHNOLOGY
2 SAVOY PLACE
LONDON
WC2R 0BL

Objectives

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

Defined Area of Benefit:

NATIONAL.

Data Sources