ITEC NORTH EAST LIMITED

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

The provision of Apprenticeship training to young people and unemployed adults in the computing and business environment.The Company's vision, as approved by the directors, is to be recognised by individuals and employers as providing excellence in Vocational and Work-based learning in the North East region.

Causes: Education/training · Economic/community Development/employment · Get email alerts

Latest income

£1.4m

Latest spending

£1.7m

Registered

1987

Accounts read

FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a deficit on unrestricted funds of £337,746 for the year ended 31 July 2024, compared to a surplus in the prior year. Per the trustees' report, free reserves amounted to £831,630, which is above the stated policy target of three months of operating expenditure (approximately £427,000). The auditor confirmed that the going concern basis of accounting is appropriate with no material uncertainties identified.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: three months of operating expenditure (held: £832k)

“The directors consider that a sensible level of free reserves that the charitable company needs to hold (those reserves not invested in fixed assets or designated for particular purposes) should equate to three months of operating expenditure, as is quite normal in other concerns. This policy would therefore indicate a level of about £427,000 and at 31 July 2024 free reserves amounted to £831,630 (2023:£1,152,408).” — page 11

Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Mullen Stoker Limited. Discloses 3 of 6 completeness components.

Insolvency history (Companies House)

The charity’s company has insolvency history on the Companies House record (company status: liquidation).

creditors-voluntary-liquidation — 2026-01-14

Official Companies House insolvency record. Insolvency of a subsidiary does not mean the charity is insolvent.

Corporate structure

Registered company of the charity Companies House 02045777

Company officers (Companies House)

Current officers of the charity’s own company per the Companies House register, cross-checked against the Charity Commission trustee list by name. A director not on the trustee list is usually a timing or naming difference between the two registers — check both records before drawing conclusions.

BROWN, Geoffrey — directoron trustee list
WILSON, Tracy Ann — secretary, appointed 01/04/2015

Official officers record.

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

Total income

£1.4m

Total spending

£1.7m

Reserves (reported)

£893k

Employees

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

Per its annual return, largest income source: Charitable activities (99% 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: 0.0% of total income — below the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

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

Financial year end	Income	Spending
31/07/2025	—	—
31/07/2024	£1.4m	£1.7m
31/07/2023	£2.0m	£2.0m
31/07/2022	£1.7m	£1.6m
31/07/2021	£1.9m	£1.8m

Common questions

Is ITEC NORTH EAST LIMITED financially healthy?

Per its FY2024 accounts: The accounts state that the charity reported a deficit on unrestricted funds of £337,746 for the year ended 31 July 2024, compared to a surplus in the prior year. Per the trustees' report, free reserves amounted to £831,630, which is above the stated policy target of three months of operating expenditure (approximately £427,000). The auditor confirmed that the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2024 accounts were audited by Mullen Stoker Limited.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with TYNE NORTH TRAINING LIMITED.

TYNE NORTH TRAINING LIMITED income £1.5m
SUNDERLAND ENGINEERING TRAINING ASSOCIATION LIMITED income £2.7m
NORTH WEST TRAINING COUNCIL income £2.8m
DERWENT TRAINING ASSOCIATION income £1.1m
NORTH HUMBERSIDE MOTOR TRADES GROUP TRAINING ASSOCIATION income £703k
VISION 21 (CYFLE CYMRU) income £2.3m

Side by side with its peers

Charity	Income	Top pay band	Staff >£60k	Reserves vs policy	Fundraising cost	Going concern
ITEC NORTH EAST LIMITED	£1.4m	—	—	above	—	no doubt
TYNE NORTH TRAINING LIMITED FY2025	£1.5m	£60,001 - £70,000	2	above	—	no doubt
SUNDERLAND ENGINEERING TRAINING ASSOCIATION LIMITED FY2025	£2.7m	—	—	unclear	—	no doubt
NORTH WEST TRAINING COUNCIL FY2025	£2.8m	£80,001 - £90,000	1	unclear	—	no doubt
DERWENT TRAINING ASSOCIATION FY2025	£1.1m	—	—	unclear	—	no doubt
NORTH HUMBERSIDE MOTOR TRADES GROUP TRAINING ASSOCIATION FY2025	£703k	—	2	below	—	no doubt

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