NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING ASSOCIATION LIMITED
Financial health, per its FY2023 accounts
The accounts state that the charity generated a surplus of £195,415 for the year ended 31 August 2023, with total unrestricted funds increasing to £1,916,205. The trustees report that cash reserves of approximately £560,000 are sufficient to fund new service opportunities and cover potential repairs on capital investments. The charity maintains a strong balance sheet with net assets of £1,720,790 and no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- ANDREW JOHN SIMSchair
- EDWIN SIMS
- IAN WILLIAM RAESIDE
- Joshua Bailey
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £1.1m | £910k |
| 31/08/2024 | £1.2m | £831k |
| 31/08/2023 | £987k | £792k |
| 31/08/2022 | £1.1m | £711k |
| 31/08/2021 | £829k | £584k |
Common questions
Is NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING ASSOCIATION LIMITED financially healthy?
The accounts state that the charity generated a surplus of £195,415 for the year ended 31 August 2023, with total unrestricted funds increasing to £1,916,205. The trustees report that cash reserves of approximately £560,000 are sufficient to fund new service opportunities and cover potential repairs on capital investments. The charity maintains a strong balance sheet with net assets of £1,720,790 and no material uncertainties regarding its ability to continue as a going concern. Its FY2023 accounts were independently examined.