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NATIONAL ELECTROTECHNICAL TRAINING ORGANISATION

Registered charity 1068863 · accounts filings on the Charity Commission register · also known as NET

NET principally licenses and maintains a network of centres that provide the industry recognised assessment of competence, the AM2, which forms the relevant mandatory unit in the industry's recognised Level 3 NVQ (Diploma and Certificate). NET also engages in activities/collaborations intended to provide, promote and sustain training and standards across the electrotechnical industry.

Causes: Education/training · website · Get email alerts

Latest income
£1.9m
Latest spending
£1.2m
Registered
1998
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity generated a net income of £676,387 for the year ended 31 March 2025, resulting in total unrestricted reserves of £2,779,453. The trustees maintain these reserves to enable a speedy response to changing industry requirements, noting that the level of activity is anticipated to rise in the near future.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: a level of reserves to enable a speedy and robust response should ongoing industry and government requirements change (held: £2.8m)
“NET maintains a level of reserves to enable a speedy and robust response should ongoing industry and government requirements change, necessitating redevelopment of assessment content and supporting resources.” — page 5
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Included in consultancy fees is a charge from ECA of £49,500 (2024: £40,442) relating to a re-charge for time spent by an ECA employee carrying out work for the charity.
“Included in consultancy fees is a charge from ECA of £49,500 (2024: £40,442) relating to a re-charge for time spent by an ECA employee carrying out work for the charity.” — page 21
“During the year the charity made sales of £53,537 (2024: £54,173) to JTL, a company with directors in common.” — page 21
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: During the year the charity made sales of £53,537 (2024: £54,173) to JTL, a company with directors in common.
“Included in consultancy fees is a charge from ECA of £49,500 (2024: £40,442) relating to a re-charge for time spent by an ECA employee carrying out work for the charity.” — page 21
“During the year the charity made sales of £53,537 (2024: £54,173) to JTL, a company with directors in common.” — page 21
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Contributions of £22,565 (2024: £35,000) were made to the running costs of TESP, a connected party due to stakeholders and directors in common.
“Included in consultancy fees is a charge from ECA of £49,500 (2024: £40,442) relating to a re-charge for time spent by an ECA employee carrying out work for the charity.” — page 21
“During the year the charity made sales of £53,537 (2024: £54,173) to JTL, a company with directors in common.” — page 21
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Berringers LLP. Discloses 5 of 6 completeness components.

Leadership, per the charity’s website

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.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£1.9m
Total spending
£1.2m
Reserves (reported)
£2.8m
Employees
2

Reported reserves equal ~28.2 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Charitable activities (97% 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: 0.0% of total income — below the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Northern Ireland · Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/03/2025£1.9m£1.2m
31/03/2024£1.7m£1.2m
31/03/2023£1.4m£1.1m
31/03/2022£1.2m£922k
31/03/2021£804k£965k

Common questions

Is NATIONAL ELECTROTECHNICAL TRAINING ORGANISATION financially healthy?

Per its FY2025 accounts: The accounts state that the charity generated a net income of £676,387 for the year ended 31 March 2025, resulting in total unrestricted reserves of £2,779,453. The trustees maintain these reserves to enable a speedy response to changing industry requirements, noting that the level of activity is anticipated to rise in the near future. Its FY2025 accounts were audited by Berringers LLP.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
NATIONAL ELECTROTECHNICAL TRAINING ORGANISATION£1.9m—0above—no doubt
THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING FY2024£4.1m——unclear—no doubt
NORTH HUMBERSIDE MOTOR TRADES GROUP TRAINING ASSOCIATION FY2025£703k—2below—no doubt
SOUTHAMPTON ENGINEERING TRAINING ASSOCIATION LTD FY2025£3.1m——below—no doubt
NETA TRAINING TRUST FY2025£164k—0below—not going concern
HUMBERSIDE ENGINEERING TRAINING ASSOCIATION LIMITED FY2025£7.6m——unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.