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EAST LINDSEY INFORMATION TECHNOLOGY CENTRE

Registered charity 515473 · accounts filings on the Charity Commission register · also known as FIRST COLLEGE

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Latest income
£1.2m
Latest spending
£1.3m
Registered
1984
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a net deficit of £93,626 for the year ended 31 July 2025, resulting in a decrease in total reserves from £872,495 to £778,869. Per the trustees' report, free reserves of £613,098 remain above the stated policy target of £456,000, and the trustees maintain that the charity has adequate resources to continue as a going concern.

What the accounts disclose

Highest-paid employee band: £60,001 - £70,000 — below the median for charities its size (£78k)
“In the band £60,001 - £70,000” — page 31
Per its FY2025 accounts as filed with the Charity Commission.
Employees paid over £60,000: 1
“The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: Group 2025 No. In the band £60,001 - £70,000 1” — page 31
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: three months running costs and a planned closure which are estimated at £456,000 (held: £613k)
“The trustees have determined that the appropriate level of free reserves should be three months running costs and a planned closure which are estimated at £456,000.” — page 7
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Trustees are mutual directors for companies that purchase training services from the charity.
“Some of the trustees are mutual directors for companies that purchase training services from the company. The services provided are not on preferential terms.” — page 40
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Streets Audit LLP. Discloses 6 of 6 completeness components.

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

Total income
£1.2m
Total spending
£1.3m
Cost of raising funds
£341k
Reserves (reported)
£784k
Employees
27

Reported reserves equal ~7.2 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Lincolnshire

Income and spending

Financial year endIncomeSpending
31/07/2025£1.2m£1.3m
31/07/2024£1.4m£1.3m
31/07/2023£1.4m£1.7m
31/07/2022£1.5m£1.4m
31/07/2021£1.1m£1.2m

Common questions

Is EAST LINDSEY INFORMATION TECHNOLOGY CENTRE financially healthy?

The accounts state that the charity reported a net deficit of £93,626 for the year ended 31 July 2025, resulting in a decrease in total reserves from £872,495 to £778,869. Per the trustees' report, free reserves of £613,098 remain above the stated policy target of £456,000, and the trustees maintain that the charity has adequate resources to continue as a going concern. Its FY2025 accounts were audited by Streets Audit LLP.

What does the highest-paid employee of EAST LINDSEY INFORMATION TECHNOLOGY CENTRE earn?

Per its FY2025 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 1 employees earned over £60,000.