ASSOCIATION OF MARINE ELECTRONIC AND RADIO COLLEGES LIMITED
Financial health, per its FY2023 accounts
The accounts state that free reserves at the year end were £311,197, which is above the stated policy target of circa £300k. Per the trustees' report, the charity maintained an operating surplus with total expenditure representing 99% of incoming resources, and the independent examiner confirmed no matters gave cause for concern regarding the accounts.
What the accounts disclose
“The level of reserves required for the Association to meet its obligations under paragraph 1. above is circa E300k.” — page 5
“Transactions Travel and accommodation expenses relating to 5 directors and 1 trustee only for 2023 amounted to E2, 505 Directors and f613 Trustee (2022: E480).”
Trustees
- Anindya Banerjee
- JULIE ANN CARTWRIGHT
- Jonathan West
- PAUL MARTIN
- Robbie Robertson
- Steve Howard
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £141k | £173k |
| 31/12/2024 | £319k | £329k |
| 31/12/2023 | £304k | £302k |
| 31/12/2022 | £269k | £279k |
| 31/12/2021 | £241k | £238k |
Common questions
Is ASSOCIATION OF MARINE ELECTRONIC AND RADIO COLLEGES LIMITED financially healthy?
The accounts state that free reserves at the year end were £311,197, which is above the stated policy target of circa £300k. Per the trustees' report, the charity maintained an operating surplus with total expenditure representing 99% of incoming resources, and the independent examiner confirmed no matters gave cause for concern regarding the accounts. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE CORPORATION OF TRINITY HOUSE OF DEPTFORD STROND | 1 | £45k |