SOUTHAMPTON ENGINEERING TRAINING ASSOCIATION LTD
To advance the theoretical and practical education and training of persons engaged or intending to be engaged in the negineering industry.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net income surplus of £155,784 for the year ended 31 August 2025, with total unrestricted funds increasing to £460,549. The trustees note that while reserves are currently below the board's objective of £1,000,000, they consider the current level of £364,455 to be adequate for the furtherance of the charity's objectives. The charity relies heavily on government apprenticeship funding and commercial course delivery, with principal risks identified around funding fluctuations and regulatory compliance.
What the accounts disclose
“The principal source of funding arises from apprenticeships funded by the Department for Education (DfE) representing 54% (2024: 49%) of income.” — page 4
“The current level of unrestricted reserves (excluding the fair value reserve) is valued at £364,455 (2024: £220,119) which represents 7% (2024: 7%) of annual costs; the objective set by the board is for this to be increased to £1,000,000 representing 33% of annual costs.” — page 4
Corporate structure
- Registered company of the charity Companies House 00971293
Company officers (Companies House)
- BRETT, Kenneth not on trustee list
- MILLARD, Timothy John not on trustee list
- MASON, Glyn Edward on trustee list
- SAVAGE, Christopher John on trustee list
- HEIGHINGTON, Richard William
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- Tim Millardchair
- CHRISTOPHER JOHN SAVAGE
- GLYN EDWARD MASON
- Ken Brett
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £3.1m | £2.9m |
| 31/08/2024 | £3.1m | £3.0m |
| 31/08/2023 | £2.8m | £2.8m |
| 31/08/2022 | £2.5m | £2.5m |
| 31/08/2021 | £2.4m | £2.3m |
Common questions
Is SOUTHAMPTON ENGINEERING TRAINING ASSOCIATION LTD financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net income surplus of £155,784 for the year ended 31 August 2025, with total unrestricted funds increasing to £460,549. The trustees note that while reserves are currently below the board's objective of £1,000,000, they consider the current level of £364,455 to be adequate for the furtherance of the charity's objectives. The charity relies heavily on government apprenticeship funding and commercial course delivery, with principal risks identified around funding fluctuations and regulatory compliance. Its FY2025 accounts were audited by Hopper Williams & Bell Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE STEVE MORGAN FOUNDATION | 1 | £371k |
| SMALLWOOD TRUST | 1 | £184k |
| THE INSTITUTION OF CIVIL ENGINEERS | 1 | £143k |
Charities like this
- NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING ASSOCIATION LIMITED
- SUNDERLAND ENGINEERING TRAINING ASSOCIATION LIMITED
- THE OLDHAM ENGINEERING GROUP TRAINING ASSOCIATION LIMITED
- SOUTH MANCHESTER SPORTS CLUB LIMITED
- WOMEN'S TECHNOLOGY TRAINING LIMITED
- INTERNATIONAL SCHOOLS OF BUSINESS MANAGEMENT LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| SOUTHAMPTON ENGINEERING TRAINING ASSOCIATION LTD | £3.1m | — | — | below | — | no doubt |
| NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING ASSOCIATION LIMITED | £1.1m | — | 0 | unclear | — | no doubt |
| SUNDERLAND ENGINEERING TRAINING ASSOCIATION LIMITED | £2.7m | — | — | unclear | — | no doubt |
| THE OLDHAM ENGINEERING GROUP TRAINING ASSOCIATION LIMITED | £374k | Under £60,000 | 0 | above | 5500.0% | no doubt |
| SOUTH MANCHESTER SPORTS CLUB LIMITED | £113k | — | 0 | within | — | no doubt |
| WOMEN'S TECHNOLOGY TRAINING LIMITED | £1.4m | — | 0 | above | — | no doubt |