ITEC NORTH EAST LIMITED

Registered charity 519259 · accounts filings on the Charity Commission register · also known as AYCLIFFE (ITEC) LIMITED

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Financial health, per its FY2023 accounts

The accounts state that the charity reported a small unrestricted surplus of £10,951 for the year ended 31 July 2023, following a surplus of £164,905 in the previous year. Free reserves stood at £1,152,408, which the trustees note is higher than their stated policy target of three months of operating expenditure. The auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern.

What the accounts disclose

Accounts audited by Clive Owen LLP. Discloses 2 of 6 completeness components.

Structured financials (annual return, FY ending 31/07/2024)

Reported reserves equal ~6.3 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Trustees

• GEOFFREY BROWN
• GRAHAM WOOD

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

Operates in: Darlington · Durham · Gateshead · Hartlepool · Middlesbrough · Newcastle Upon Tyne City · Northumberland · Redcar And Cleveland · Stockton-on-tees · Sunderland

Income and spending

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