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NATIONAL ELECTROTECHNICAL TRAINING ORGANISATION

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

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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.

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.

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).

Trustees

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?

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.