HUMBERSIDE ENGINEERING TRAINING ASSOCIATION LIMITED
Financial health, per its FY2023 accounts
The accounts state that the charity generated an operating surplus of £460,587 for the year ended 31 August 2023, an uplift of 42% year on year. Per the trustees' report, unrestricted cash reserves dropped to 39% of annual employment costs to finance a new centre, a move approved by the board despite being below the stated policy target of 50-150%. The auditors confirmed no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- Ian Christopher Palmerchair
- Brian Houston
- David John Oliver
- Dr David Ian Richards
- Elliott James Greenfield
- Gareth David Andrew Powell
- Karen Anne Johnson
- Karen Robinson
- LEE JOHN DRURY
- Mark Richard Brunton
- Nicholas Martinez-Alstrom
- Samuel Thomas Dearing
- Timothy Mottershead
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £7.6m | £6.9m |
| 31/08/2024 | £7.4m | £6.5m |
| 31/08/2023 | £6.2m | £5.8m |
| 31/08/2022 | £5.6m | £5.3m |
| 31/08/2021 | £5.1m | £4.9m |
Common questions
Is HUMBERSIDE ENGINEERING TRAINING ASSOCIATION LIMITED financially healthy?
The accounts state that the charity generated an operating surplus of £460,587 for the year ended 31 August 2023, an uplift of 42% year on year. Per the trustees' report, unrestricted cash reserves dropped to 39% of annual employment costs to finance a new centre, a move approved by the board despite being below the stated policy target of 50-150%. The auditors confirmed no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2023 accounts were audited by Sadofskys.