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SOUTHAMPTON ENGINEERING TRAINING ASSOCIATION LTD

Registered charity 307299 · accounts filings on the Charity Commission register · also known as S E T A

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Latest income
£3.1m
Latest spending
£2.9m
Registered
1970
Accounts read
FY2025

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

Reserves position: below the charity's own stated reserves policy
“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
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Hopper Williams & Bell Limited. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/08/2025)

Total income
£3.1m
Total spending
£2.9m
Cost of raising funds
£1k
Reserves (reported)
£302k
Employees
44

Reported reserves equal ~1.2 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Hampshire · Southampton City

Income and spending

Financial year endIncomeSpending
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?

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.