NETA TRAINING TRUST
Providing training, advice and associated service to business, commerce and the community.
Financial health, per its FY2025 accounts
The accounts state that the charity ceased trading on 1 August 2022 and has been prepared on a break-up basis rather than a going concern basis. Per the trustees' report, unrestricted reserves stood at £0k at the balance sheet date following the transfer of trade and resolution of property issues.
What the accounts disclose
“Due to the transfer of trade to the parent company and the resolution of the outstanding property issue reserves were £0k at the balance sheet date.” — page 4
“Therefore, the Trustees do not believe that it is appropriate to prepare these financial statements on a going concern basis. The financial statements have been prepared on the break up basis which the Board considers to be appropriate since the company ceased trading.”
“The Education Training Collective is the sole member of NETA Training Trust. The charity’s trustees are drawn from the College and industries active in the Northeast area.” — page 6
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/07/2022)
Trustees
- Grant Glendinning
- Philip Hastie
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £164k | £40k |
| 31/07/2024 | £0 | £99k |
| 31/07/2023 | £0 | £98k |
| 31/07/2022 | £2.5m | £1.8m |
| 31/07/2021 | £2.4m | £1.7m |
Common questions
Is NETA TRAINING TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity ceased trading on 1 August 2022 and has been prepared on a break-up basis rather than a going concern basis. Per the trustees' report, unrestricted reserves stood at £0k at the balance sheet date following the transfer of trade and resolution of property issues. Its FY2025 accounts were audited by Menzies LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE SUSSEX COMMUNITY FOUNDATION | 1 | £10k |
Charities like this
- N.F.F.O TRAINING TRUST FUND
- WALTHAM FOREST CHAMBER OF COMMERCE TRAINING TRUST LIMITED
- INSTITUTE OF EXPORT AND INTERNATIONAL TRADE (THE)
- HUMBERSIDE ENGINEERING TRAINING ASSOCIATION LIMITED
- NORTH WEST TRAINING COUNCIL
- INSULATION ENVIRONMENTAL TRAINING TRUST LTD
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| NETA TRAINING TRUST | £164k | — | 0 | below | — | not going concern |
| N.F.F.O TRAINING TRUST FUND | £104k | — | 0 | unclear | — | no doubt |
| WALTHAM FOREST CHAMBER OF COMMERCE TRAINING TRUST LIMITED | £816k | — | 0 | unclear | — | no doubt |
| INSTITUTE OF EXPORT AND INTERNATIONAL TRADE (THE) | £7.8m | — | — | unclear | — | not going concern |
| HUMBERSIDE ENGINEERING TRAINING ASSOCIATION LIMITED | £7.6m | — | — | unclear | — | no doubt |
| NORTH WEST TRAINING COUNCIL | £2.8m | £80,001 - £90,000 | 1 | unclear | — | no doubt |