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HEREFORDSHIRE AND WORCESTERSHIRE GROUP TRAINING ASSOCIATION LIMITED

Registered charity 512976 · accounts filings on the Charity Commission register · also known as HEREFORD ENGINEERING GROUP TRAINING SCHEME LIMITED, HEREFORDSHIRE ENGINEERING GROUP TRAINING SCHEME LIMITED, HEREFORDSHIRE GROUP TRAINING ASSOCIATION, HEREFORDSHIRE GROUP TRAINING ASSOCIATION LIMITED

To promote and advance theoretical and practical education and training of persons engaged or intending to be engaged in industry and commerce.Subject to the above, to extend such provision or assistance to the training or education of school pupils and members of the public generally.

Causes: Education/training · website · Get email alerts

Latest income
£4.6m
Latest spending
£4.3m
Registered
1982
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity generated a net income surplus of £357,508 for the year ended 31 July 2025, with total unrestricted funds increasing to £4,223,765. The trustees and auditors confirm the charity is a going concern with no material uncertainties, supported by strong demand for training and sustained revenue growth. However, the charity carries significant long-term liabilities, including bank loans totaling £1,973,729, which are secured against its freehold and investment properties.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: minimum of £550k (held: £4.2m)
“To meet fluctuations in funding and routine capital expenditure, we are working towards operating cash reserves being maintained at a minimum of £550k. The level of Reserves may be increased up to a maximum level of 100% of turnover” — page 8
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Trustees are associated with companies that are customers; transactions at commercial rates.
“The trustees are all associated with companies that are customers of the Association. All transactions with these companies are carried out at normal commercial rates.” — page 29
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Thorne Widgery Accountancy Ltd. Discloses 4 of 6 completeness components.

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (1 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Structured financials (annual return, FY ending 31/07/2025)

Total income
£4.6m
Total spending
£4.3m
Cost of raising funds
£12k
Reserves (reported)
£532k
Employees
58

Reported reserves equal ~1.5 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Charitable activities (100% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.2% of total income — below the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

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

Operates in: Herefordshire · Worcestershire

Income and spending

Financial year endIncomeSpending
31/07/2025£4.6m£4.3m
31/07/2024£4.0m£3.9m
31/07/2023£3.5m£3.6m
31/07/2022£3.3m£3.3m
31/07/2021£3.1m£2.7m

Common questions

Is HEREFORDSHIRE AND WORCESTERSHIRE GROUP TRAINING ASSOCIATION LIMITED financially healthy?

Per its FY2025 accounts: The accounts state that the charity generated a net income surplus of £357,508 for the year ended 31 July 2025, with total unrestricted funds increasing to £4,223,765. The trustees and auditors confirm the charity is a going concern with no material uncertainties, supported by strong demand for training and sustained revenue growth. However, the charity carries significant long-term liabilities, including bank loans totaling £1,973,729, which are secured against its freehold and investment properties. Its FY2025 accounts were audited by Thorne Widgery Accountancy Ltd.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with STEPS TO WORK.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
HEREFORDSHIRE AND WORCESTERSHIRE GROUP TRAINING ASSOCIATION LIMITED£4.6m——unclear—no doubt
STEPS TO WORK FY2023£11.4m——unclear—no doubt
HELP IN NEED TODAY FY2025£558k—0unclear—no doubt
NORTH HUMBERSIDE MOTOR TRADES GROUP TRAINING ASSOCIATION FY2025£703k—2below—no doubt
WEST BERKSHIRE TRAINING CONSORTIUM FY2025£1.4m—0above—no doubt
WALTHAM FOREST CHAMBER OF COMMERCE TRAINING TRUST LIMITED FY2025£816k—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.