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COGENT SKILLS LIMITED

Registered charity 1166082 · accounts filings on the Charity Commission register · also known as COGENT SKILLS

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Latest income
£20.5m
Latest spending
£19.7m
Registered
2016
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the group achieved a net surplus of £739,000 with total income of £20,468,000, resulting in unrestricted reserves of £2,735,000. The trustees confirm that cash balances and available facilities are sufficient to remove any concerns over liquidity, and they expect to reach their targeted reserves level within five years.

What the accounts disclose

Reserves policy: six months operating costs (held: £2.7m)
“The target level of the unrestricted reserves of the charity is £3,500,000 representing a minimum six months operating costs of the charity and ensuring that sufficient funds are available to sustain the group.”
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: Two trustees (J Fosh and K Gorge) received aggregate emoluments of £303,495 including pension contributions of £25,703.
“Two trustees (2023: two), J Fosh and K Gorge, received aggregate emoluments of £303,495 (2023: £269,473) including pension contributions of £25,703 (2023: £13,304) during the year for their services as employees, in accordance with the articles of the charity.” — page 37
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by RSM UK Audit LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£20.5m
Total spending
£19.7m
Reserves (reported)
£2.7m
Employees
105

Reported reserves equal ~1.7 months of spending — in the bottom quarter for charities its size (median 4.6 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
31/12/2024£20.5m£19.7m
31/12/2023£13.3m£13.0m
31/12/2022£11.2m£11.0m
31/12/2021£11.5m£11.1m
31/12/2020£10.3m£10.1m

Common questions

Is COGENT SKILLS LIMITED financially healthy?

The accounts state that the group achieved a net surplus of £739,000 with total income of £20,468,000, resulting in unrestricted reserves of £2,735,000. The trustees confirm that cash balances and available facilities are sufficient to remove any concerns over liquidity, and they expect to reach their targeted reserves level within five years. Its FY2024 accounts were audited by RSM UK Audit LLP.