THE ENGINEERING TRUST
Financial health, per its FY2023 accounts
The accounts state that the group made a loss of £4,199 for the year ended 31 August 2023, a significant improvement from the prior year's loss of £201,052. The trustees report that the group is set up to breakeven or be in profit for 2023/24, although the parent Trust has little operating capital and must manage its position carefully. The subsidiary, Engineering Trust Training Limited, is in a surplus position but has an insolvent balance sheet and will not gift aid funds to the Trust.
What the accounts disclose
“During the year the trust received charitable income from the following companies in which some of the trustees have an interest: Navtech Radar Limited - £1,016 (2022: £1,494) High Spec Composites Ltd - £254 (2022: £nil) During the year Engineering Trust Training Limited received income and/or incurred (expenditure) from/with the following companies in which some of the trustees have an interest: Navtech Radar Limited - Income £5,470 (2022: £596) Group Training and Development Limited - Income £48,055 (2022: £nil); Expenditure £(80,313) (2022: £nil). Amounts due from/(to) the above companies as at the year-end were as follows: Navtech Radar Limited - £2,700 (2022: £nil) Group Training and Development Limited - £(23,619) (2022: £nil)” — page 27
“The Group is made up of The Engineering Trust (The Trust) and its wholly owned subsidiary, Engineering Trust Training Limited (ETT).” — page 4
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- Beverley O'Farrell
- Clare Wilcox
- Daniel Peters
- Nick Locke
- RICHARD JOHN MORRIS
- Sarah dawn Jaycock
- Shane Chambers
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £1.7m | £1.7m |
| 31/08/2024 | £1.5m | £1.5m |
| 31/08/2023 | £1.2m | £1.2m |
| 31/08/2022 | £823k | £1.0m |
| 31/08/2021 | £595k | £656k |
Common questions
Is THE ENGINEERING TRUST financially healthy?
The accounts state that the group made a loss of £4,199 for the year ended 31 August 2023, a significant improvement from the prior year's loss of £201,052. The trustees report that the group is set up to breakeven or be in profit for 2023/24, although the parent Trust has little operating capital and must manage its position carefully. The subsidiary, Engineering Trust Training Limited, is in a surplus position but has an insolvent balance sheet and will not gift aid funds to the Trust. Its FY2023 accounts were audited by Shaw Gibbs (Audit) Limited.