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ENGINEERING CONSTRUCTION INDUSTRY TRAINING BOARD

Registered charity 264506 · accounts filings on the Charity Commission register · also known as E C I T B, ENGINEERING INDUSTRY TRAINING BOARD

Latest income
£38.8m
Latest spending
£41.1m
Registered
1972
Accounts read
FY2024

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 total unrestricted reserves of £9.5m. The trustees note that while reserves are above the stated minimum policy target of £6.5m, there are theoretical commitments of £14m against these funds, which are expected to be covered by future levy receipts. The auditor confirmed the accounts are prepared on a going concern basis with no material uncertainties identified.

What the accounts disclose

Highest-paid employee band: £190,001 - £200,000 — in the top quarter for charities its size (median £125k)
“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
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: £6.5m (held: £9.5m)
“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.”
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: The Chair received remuneration. No other trustees received compensation for duties.
“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
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Comptroller and Auditor General.

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

Total income
£38.8m
Total spending
£41.1m
Cost of raising funds
£2.1m
Reserves (reported)
£9.5m
Employees
103

Reported reserves equal ~2.8 months of spending — below the median for charities its size (median 4.6 months; benchmarks).

Trustees

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

Operates in: Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
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?

The accounts state that the charity reported a net decrease in resources of £2.3m for the year, resulting in total unrestricted reserves of £9.5m. The trustees note that while reserves are above the stated minimum policy target of £6.5m, there are theoretical commitments of £14m against these funds, which are expected to be covered by future levy receipts. The auditor confirmed the accounts are prepared on a going concern basis 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 £190,001 - £200,000 band.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
ROYAL COMMISSION FOR THE EXHIBITION OF 18511£15k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with CITB.