N.F.F.O TRAINING TRUST FUND
The Trust was set up to promote and provide vocational training and to advance the education of the public in all matters related to the Fishing Industry.
Financial health, per its FY2024 accounts
The accounts state that the charity ended the year with unrestricted cash reserves of £227,240, a surplus from the previous year's shortfall. The trustees aim to maintain reserves sufficient to cover grants and governance costs, with a fallback arrangement for liabilities involving connected entities.
What the accounts disclose
“The trustees aim to maintain cash reserves at a level which will provide sufficient funds to respond to applications for grants and to cover support and governance costs.” — page 4
“The Board of N.F.F.O. Services Limited decided to make a donation of £100,000 to the charity during the year. This payment was received on 14 June 2024.”
“The National Federation of Fishermen's Organisation Limited has provided the charity with financial assistance through donations in prior years.” — page 5
“The Board of N.F.F.O. Services Limited decided to make a donation of £100,000 to the charity during the year. This payment was received on 14 June 2024.”
“The National Federation of Fishermen's Organisation Limited has provided the charity with financial assistance through donations in prior years.” — page 5
Trustees
- Anthony Peter Delahunty
- Barrie Chisholm Deas
- Michael John Cohen
- Nigel Gooding CBE
- Stewart Norman Harper
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £104k | £16k |
| 31/12/2023 | £3k | £48k |
| 31/12/2022 | £100k | £111k |
| 31/12/2021 | £100k | £99k |
| 31/12/2020 | £100k | £5k |
Common questions
Is N.F.F.O TRAINING TRUST FUND financially healthy?
Per its FY2024 accounts: The accounts state that the charity ended the year with unrestricted cash reserves of £227,240, a surplus from the previous year's shortfall. The trustees aim to maintain reserves sufficient to cover grants and governance costs, with a fallback arrangement for liabilities involving connected entities. Its FY2024 accounts were independently examined.
Charities like this
- NETA TRAINING TRUST
- WALTHAM FOREST CHAMBER OF COMMERCE TRAINING TRUST LIMITED
- Foundry Training Trust
- NUFFIELD TRUST FOR THE FORCES OF THE CROWN
- THE FIRE SERVICE RESEARCH AND TRAINING TRUST
- BRITISH MOTOR SPORTS TRAINING TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| N.F.F.O TRAINING TRUST FUND | £104k | — | 0 | unclear | — | no doubt |
| NETA TRAINING TRUST | £164k | — | 0 | below | — | not going concern |
| WALTHAM FOREST CHAMBER OF COMMERCE TRAINING TRUST LIMITED | £816k | — | 0 | unclear | — | no doubt |
| Foundry Training Trust | £118k | — | — | unclear | — | no doubt |
| NUFFIELD TRUST FOR THE FORCES OF THE CROWN | £1.4m | more than £60,000 | 1 | unclear | — | no doubt |
| THE FIRE SERVICE RESEARCH AND TRAINING TRUST | £223k | — | 0 | unclear | — | no doubt |