Charity Accounts Intelreading the accounts so you don’t have to

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION

Registered charity 519889 · accounts filings on the Charity Commission register · also known as HOTA

Get email alerts for this charity

Latest income
£2.3m
Latest spending
£2.3m
Registered
1988
Accounts read
FY2022

Financial health, per its FY2022 accounts

The accounts state that the charity reported a deficit of £100,836 for the year ended 31 December 2022, primarily due to high utility costs. Despite this, unrestricted reserves stood at £378,819, which is below the trustees' stated policy target of £300,000 held in a separate deposit account, although the total net assets are £378,819. The trustees maintain a going concern basis, citing adequate resources and expected future income from new training facilities.

What the accounts disclose

Accounts audited by Streets Audit LLP. Discloses 3 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£2.3m
Total spending
£2.3m
Reserves (reported)
£241k
Employees
42

Reported reserves equal ~1.3 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Kingston Upon Hull City

Income and spending

Financial year endIncomeSpending
31/12/2024£2.3m£2.3m
31/12/2023£2.1m£2.3m
31/12/2022£2.1m£2.2m
31/12/2021£2.1m£2.1m
31/12/2020£1.8m£1.9m

Common questions

Is HUMBERSIDE OFFSHORE TRAINING ASSOCIATION financially healthy?

The accounts state that the charity reported a deficit of £100,836 for the year ended 31 December 2022, primarily due to high utility costs. Despite this, unrestricted reserves stood at £378,819, which is below the trustees' stated policy target of £300,000 held in a separate deposit account, although the total net assets are £378,819. The trustees maintain a going concern basis, citing adequate resources and expected future income from new training facilities. Its FY2022 accounts were audited by Streets Audit LLP.