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THE OLDHAM ENGINEERING GROUP TRAINING ASSOCIATION LIMITED

Registered charity 526145 · accounts filings on the Charity Commission register · also known as O T C - OLDHAM TRAINING CENTRE, OTC

The objective of the Charity is to provide training and training facilities for the apprentices and employees of both member and non member companies serving mainly the engineering, manufacturing and construction industries along with warehousing and distribution and all classes of industry and commerce.

Causes: Education/training · website · Get email alerts

Latest income
£374k
Latest spending
£737k
Registered
1970
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity recorded an operating loss of £362,208 for the year ended 31 December 2024, driven by reduced apprenticeship start volumes. Despite this loss, the charity holds unrestricted reserves of £407,493, which the trustees note equate to approximately 8 months of expenditure, exceeding their target of 3-6 months. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future.

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

What the accounts disclose

Highest-paid employee band: Under £60,000 — in the top quarter for charities its size (median £60k)
“There were no employees whose annual remuneration was more than £60,000.” — page 13
Per its FY2024 accounts as filed with the Charity Commission.
Fundraising cost ratio: 5500.0% of fundraised income — above the 90th percentile for charities its size (median 2.9%)
“The net movement in funds is stated after charging/(crediting): Fees payable for the independent examination of the charity's financial statements” — page 13
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: 3-6 months (held: £407k)
“Currently, "free reserves" total £334,990 (2023: £382,846), equating to approximately 8 months of expenditure, exceeding the target of 3-6 months.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Parent company received management charges and other income of £105,864 from subsidiary company O.T.C Consultancy Limited.
“During the year the parent company received management charges and other income of £105,864 (2023 : £149,974) from subsidiary company and was charged for services of £NIL (2023 : £NIL) by the subsidiary company O.T.C Consultancy Limited.” — page 16
“At 31 December 2024 OTC Consultancy Limited owed the parent company £87,715 (2023 : £84,787).” — page 16
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Subsidiary company O.T.C Consultancy Limited owed the parent company £87,715 at year end.
“During the year the parent company received management charges and other income of £105,864 (2023 : £149,974) from subsidiary company and was charged for services of £NIL (2023 : £NIL) by the subsidiary company O.T.C Consultancy Limited.” — page 16
“At 31 December 2024 OTC Consultancy Limited owed the parent company £87,715 (2023 : £84,787).” — page 16
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: O.T.C Consultancy Limited
“The above investment is in O.T.C Consultancy Limited a company incorporated and registered in England and Wales which provides consultancy services.” — page 16
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Property (HM Land Registry)

2 registered titlesin England and Wales held by the charity’s company or corporate body (1 freehold); recorded price paid £825k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Structured financials (annual return, FY ending 31/07/2023)

Total income
£724k
Total spending
£872k
Reserves (reported)
£850k
Employees
13

Reported reserves equal ~11.7 months of spending — above the median for charities its size (median 7.0 months; benchmarks).

Trustees · trustee networks

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

Operates in: Lancashire · Oldham · Tameside

Income and spending

Financial year endIncomeSpending
31/12/2024£374k£737k
31/07/2023£724k£872k
31/07/2022£664k£574k
31/07/2021£599k£541k
31/07/2020£693k£695k

Common questions

Is THE OLDHAM ENGINEERING GROUP TRAINING ASSOCIATION LIMITED financially healthy?

Per its FY2024 accounts: The accounts state that the charity recorded an operating loss of £362,208 for the year ended 31 December 2024, driven by reduced apprenticeship start volumes. Despite this loss, the charity holds unrestricted reserves of £407,493, which the trustees note equate to approximately 8 months of expenditure, exceeding their target of 3-6 months. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were independently examined.

What does the highest-paid employee of THE OLDHAM ENGINEERING GROUP TRAINING ASSOCIATION LIMITED earn?

Per its FY2024 accounts, the highest-paid employee was in the Under £60,000 band.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with SOUTHAMPTON ENGINEERING TRAINING ASSOCIATION LTD.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE OLDHAM ENGINEERING GROUP TRAINING ASSOCIATION LIMITED£374kUnder £60,0000above5500.0%no doubt
SOUTHAMPTON ENGINEERING TRAINING ASSOCIATION LTD FY2025£3.1m——below—no doubt
TRAINING 2000 LIMITED FY2025£6.4m——within—no doubt
DERWENT TRAINING ASSOCIATION FY2025£1.1m——unclear—no doubt
SUNDERLAND ENGINEERING TRAINING ASSOCIATION LIMITED FY2025£2.7m——unclear—no doubt
NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING ASSOCIATION LIMITED FY2025£1.1m—0unclear—no doubt

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