ENGINEERING CONSTRUCTION INDUSTRY TRAINING BOARD
The ECITB is an industry training board accountable to the Dep't for Education. It has statutory responsibility for the development of the GB engineering construction workforce. It levies employers in the industry to fund its charitable activities in four main areas of training, development and assessment, namely Apprenticeships; Technical and Management/Professional programmes and Qualifications.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net decrease in resources of £2.3m for the year, resulting in unrestricted reserves of £9.5m. The trustees consider this level of reserves to be above their stated minimum policy target of £6.5m, which is designed to cover winding-up costs and apprenticeship commitments. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“The total remuneration of the highest paid director in the ECITB (the chief executive), in the financial year 2024, was £195,000 (2023: £169,000).” — page 31
“The minimum level of reserves the Trustees consider necessary is £6.5m to accord with its policy of holding reserves to cover the full costs of winding up the ECITB, estimated to be around £3.5m, and a further fund to support the costs of apprentices taken on under ECITB funding arrangements, set at £3m.”
“In accordance with her appointment by the Secretary of State, the Chair of the Board is entitled to remuneration. During the year, the Chair, Ms L Armstrong, had a contracted salary of £30,000 (2023 - £30,000). No other trustees received compensation for the performance of their duties in the year (2023: £0).” — page 32
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Structured financials (annual return, FY ending 31/12/2024)
Trustees
- LYNDA ARMSTRONG OBEchair
- Andrew Colquhoun
- Cameron Gilmour
- Helen Higgs
- Joe Howe
- Mark Fotheringham
- Mark Riley
- Paul De-Leeuw
- Richard Law
- Simon Hicks
- Steve Hunt
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £38.8m | £41.1m |
| 31/12/2023 | £33.1m | £33.2m |
| 31/12/2022 | £28.7m | £30.6m |
| 31/12/2021 | £30.8m | £33.7m |
| 31/12/2020 | £29.8m | £28.9m |
Common questions
Is ENGINEERING CONSTRUCTION INDUSTRY TRAINING BOARD financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net decrease in resources of £2.3m for the year, resulting in unrestricted reserves of £9.5m. The trustees consider this level of reserves to be above their stated minimum policy target of £6.5m, which is designed to cover winding-up costs and apprenticeship commitments. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2024 accounts were audited by Comptroller and Auditor General.
What does the highest-paid employee of ENGINEERING CONSTRUCTION INDUSTRY TRAINING BOARD earn?
Per its FY2024 accounts, the highest-paid employee was in the £195,000 band.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MONDAY CHARITABLE TRUST | 1 | £2.8m |
| The Merchant Taylors' Foundation | 1 | £200k |
| JOHN LYON'S CHARITY | 1 | £180k |
| THE HABERDASHERS' FOUNDATION | 1 | £101k |
| CHK Foundation | 1 | £100k |
| WALCOT EDUCATIONAL FOUNDATION | 1 | £100k |
| WATES FAMILY ENTERPRISE TRUST | 1 | £90k |
| CANARY WHARF CONTRACTORS FUND | 1 | £75k |
Charities like this
- CITB
- THE ENGINEERING AND TECHNOLOGY BOARD
- Construction Workers’ Charitable Trust
- THE ENGINEERING TRUST
- CONSTRUCTION INDUSTRY TRUST FOR YOUTH
- HUMBERSIDE ENGINEERING TRAINING ASSOCIATION LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| ENGINEERING CONSTRUCTION INDUSTRY TRAINING BOARD | £38.8m | £195,000 | — | unclear | — | no doubt |
| CITB | £280.2m | — | — | unclear | — | no doubt |
| THE ENGINEERING AND TECHNOLOGY BOARD | £10.0m | £220,001 - £230,000 | — | within | — | no doubt |
| Construction Workers’ Charitable Trust | £391k | — | 0 | above | — | no doubt |
| THE ENGINEERING TRUST | £1.7m | — | — | unclear | — | no doubt |
| CONSTRUCTION INDUSTRY TRUST FOR YOUTH | £1.9m | £80,001 - £90,000 | 1 | below | — | no doubt |