Charity Accounts Intelreading the accounts so you don’t have to

New Model Institute for Technology and Engineering

Registered charity 1176550 · accounts filings on the Charity Commission register · also known as NEW MODEL IN TECHNOLOGY & ENGINEERING, NMITE

Establishing and operating an institution of Higher Education focused on teaching inter-disciplinary engineering

Causes: Education/training · website · Get email alerts

Latest income
£5.6m
Latest spending
£6.8m
Registered
2018
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported an operating deficit of £1.263m for the year ended 31 July 2025, with total net assets decreasing to £3.167m. Per the trustees' report, unrestricted free reserves are negative £8.591m, although unrestricted reserves held as a total category stand at £2.584m. The trustees maintain that the entity is a going concern supported by secured donor funding and loan restructuring.

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

What the accounts disclose

Reserves position: below the charity's own stated reserves policy (held: £2.6m)
“NMITE has unrestricted free reserves valued at negative £8.591m (2024: negative £7.641m). Other reserves held are restricted and capital funds that are not available for general use.” — page 6
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: NMITE received tuition fees from trustees registered as students totalling £10,800.
“During the year NMITE received tuition fees from trustees registered as students totalling £10,800 (2024 - £14,400).” — page 33
“The total expenses paid to or on behalf of the trustees was £1,891 to 2 trustees (2024 - £1,953 to 5 trustees). This represents travel and subsistence expenses incurred in attending meetings and costs incurred on behalf of the institution.” — page 33
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Expenses paid to trustees for travel and subsistence.
“During the year NMITE received tuition fees from trustees registered as students totalling £10,800 (2024 - £14,400).” — page 33
“The total expenses paid to or on behalf of the trustees was £1,891 to 2 trustees (2024 - £1,953 to 5 trustees). This represents travel and subsistence expenses incurred in attending meetings and costs incurred on behalf of the institution.” — page 33
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Thorne Widgery Accountancy Ltd. Discloses 3 of 6 completeness components.

Corporate structure

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.

Funders the charity credits

Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).

Company officers (Companies House)

Current officers of the charity’s own company per the Companies House register, cross-checked against the Charity Commission trustee list by name. A director not on the trustee list is usually a timing or naming difference between the two registers — check both records before drawing conclusions.

Official officers record.

Property (HM Land Registry)

4 registered titles in England and Wales held by the charity’s company or corporate body (1 freehold); recorded price paid £266k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 31/07/2025)

Total income
£5.6m
Total spending
£6.8m
Cost of raising funds
£166k
Reserves (reported)
£3.2m
Employees
50

Reported reserves equal ~5.6 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (56% 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: 3.0% of total income — below the median for charities its size (5.2%) (benchmarks).

Register events

Trustees · trustee networks

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/07/2025£5.6m£6.8m
31/07/2024£5.9m£7.4m
31/07/2023£5.0m£8.2m
31/07/2022£9.1m£8.1m
31/07/2021£3.2m£7.0m

Common questions

Is New Model Institute for Technology and Engineering financially healthy?

Per its FY2025 accounts: The accounts state that the charity reported an operating deficit of £1.263m for the year ended 31 July 2025, with total net assets decreasing to £3.167m. Per the trustees' report, unrestricted free reserves are negative £8.591m, although unrestricted reserves held as a total category stand at £2.584m. The trustees maintain that the entity is a going concern supported by secured donor funding and loan restructuring. Its FY2025 accounts were audited by Thorne Widgery Accountancy Ltd.

Who funds New Model Institute for Technology and Engineering?

Funders whose own accounts filings name New Model Institute for Technology and Engineering as a grant recipient include THE JORDAN CHARITABLE FOUNDATION, GARFIELD WESTON FOUNDATION, THE EDWARD CADBURY CHARITABLE TRUST, THE ADRIAN SWIRE CHARITABLE TRUST.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
THE JORDAN CHARITABLE FOUNDATIONFY2024£1.2m
GARFIELD WESTON FOUNDATIONFY2024£500kEducation
THE EDWARD CADBURY CHARITABLE TRUSTFY2022£12kEducation and Training
THE ADRIAN SWIRE CHARITABLE TRUSTFY2023£10k
THE EDWARD CADBURY CHARITABLE TRUSTFY2023£3kEducation and Training

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
Foundation Scotland28/02/2025£30kGrant to New Model Institute for Technology and Engineering

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with SOUTHAMPTON ENGINEERING TRAINING ASSOCIATION LTD.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
New Model Institute for Technology and Engineering£5.6m——below—no doubt
SOUTHAMPTON ENGINEERING TRAINING ASSOCIATION LTD FY2025£3.1m——below—no doubt
National Centre For Universities and Business FY2025£2.9m——unclear—no doubt
THE ENGINEERING AND TECHNOLOGY BOARD FY2025£10.0m£220,001 - £230,000—within—no doubt
ONE NEWHAM FY2025£163k—0below—no doubt
INTERNATIONAL SCHOOLS OF BUSINESS MANAGEMENT LIMITED FY2025£479k—0above—no doubt

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