LINCOLN GROUP TRAINING ASSOCIATION
Promotion of the construction industry to school, colleges and training providers.
Financial health, per its FY2024 accounts
The accounts state that the charity held unrestricted reserves of £71,854 at the end of the year, which the trustees confirmed were sufficient to cover future expenditure and fund the 2025 programme. The charity reported a net income surplus of £4,711 for the year, having received grants and subscriptions to support its training activities.
What the accounts disclose
“The Charity receives most of its income in the form of grants. The use of its grants is unrestricted.” — page 2
“It is the policy of the Trustees that reserves should adequately cover the cost of activities in which the charity has engaged, but which have not yet materialised.” — page 3
Trustees
- Herman Frans Frederik Kokchair
- Clive Hall
- Paula Bailey
- Philip Hobson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £263k | £258k |
| 31/12/2023 | £278k | £279k |
| 31/12/2022 | £136k | £139k |
| 31/12/2021 | £103k | £92k |
| 31/12/2020 | £94k | £71k |
Common questions
Is LINCOLN GROUP TRAINING ASSOCIATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity held unrestricted reserves of £71,854 at the end of the year, which the trustees confirmed were sufficient to cover future expenditure and fund the 2025 programme. The charity reported a net income surplus of £4,711 for the year, having received grants and subscriptions to support its training activities. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MONDAY CHARITABLE TRUST | 1 | £2.8m |
| The Merchant Taylors' Foundation | 1 | £200k |
| JOHN LYON'S CHARITY | 1 | £180k |
| THE HABERDASHERS' FOUNDATION | 1 | £101k |
| CHK Foundation | 1 | £100k |
| WALCOT EDUCATIONAL FOUNDATION | 1 | £100k |
| WATES FAMILY ENTERPRISE TRUST | 1 | £90k |
| CANARY WHARF CONTRACTORS FUND | 1 | £75k |
Charities like this
- HEREFORDSHIRE AND WORCESTERSHIRE GROUP TRAINING ASSOCIATION LIMITED
- LINCOLNSHIRE PROFICIENCY TEST COMMITTEE
- NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING ASSOCIATION LIMITED
- LONDON BUSINESS SCHOOL STUDENT ASSOCIATION
- THE OLDHAM ENGINEERING GROUP TRAINING ASSOCIATION LIMITED
- CONSTRUCTION INDUSTRY TRUST FOR YOUTH
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| LINCOLN GROUP TRAINING ASSOCIATION | £263k | — | 0 | above | — | no doubt |
| HEREFORDSHIRE AND WORCESTERSHIRE GROUP TRAINING ASSOCIATION LIMITED | £4.6m | — | — | unclear | — | no doubt |
| LINCOLNSHIRE PROFICIENCY TEST COMMITTEE | £114k | — | 0 | unclear | — | no doubt |
| NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING ASSOCIATION LIMITED | £1.1m | — | 0 | unclear | — | no doubt |
| LONDON BUSINESS SCHOOL STUDENT ASSOCIATION | £2.5m | — | 0 | within | — | no doubt |
| THE OLDHAM ENGINEERING GROUP TRAINING ASSOCIATION LIMITED | £374k | Under £60,000 | 0 | above | 5500.0% | no doubt |