What is the financial size of ITEC NORTH EAST LIMITED?

ITEC NORTH EAST LIMITED is classified as a large charity. In the latest financial year, they reported a total income of £1,373,738 and total expenditure of £1,711,484.

How does ITEC NORTH EAST LIMITED allocate its spending?

For every pound spent, approximately 100.0% goes directly to charitable activities. The remaining 0.0% is spent on raising funds and administration. This is higher than the median for similar-sized charities (97.8%).

What is the workforce structure of ITEC NORTH EAST LIMITED?

ITEC NORTH EAST LIMITED employs 25 staff members and is supported by 0 volunteers.

Does ITEC NORTH EAST LIMITED receive government funding?

Yes. Approximately 81.9% of their income comes from government grants or contracts.

Does ITEC NORTH EAST LIMITED pay its trustees?

No, the latest data indicates that trustees do not receive payments or personal benefits from the charity.

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ITEC NORTH EAST LIMITED

#519259

Charitable company•Large•Registered

www.itecne.co.uk

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.

Registered address

Itec North East Ltd, Itec House, Hilton Road, Aycliffe Business Park, NEWTON AYCLIFFE, DL5 6EN

Latest HighlightsFY 2024

Income

All sources

£1,373,738

Expenditure

All activities

£1,711,484

Net Reserves

Unrestricted funds

£892,541

Total Assets

Gross assets

£1,081,125

Working Capital

Liquidity

£412,894

Benchmark Performance

Comparing against 8,683 similar large charities

Compare vs:

Reserve Runway

6.3 months

Median: 3.8 monthsAround typical

Income Growth (1yr)

-31.2%

Median: 7.4%Below typical

Spending Efficiency

100.0%

Median: 97.8%Around typical

Income Concentration

165.6%

Median: 87.9%Below typical

Fundraising ROI

N/A

Median: 19.2xUnknown

Income Volatility

19.5%

Median: 20.6%Around typical

Self-Generated Income

100.0%

Median: 82.9%Top quartile

3-Year Income CAGR

-10.8%

Median: 7.8%Below typical

Efficiency & Health

Charitable Spending

100%

Fundraising Eff.

% income retained

N/A

Governance Cost

% of expenditure

1.1%

Grant Making

% given away

Debt Ratio

% of assets

17.4%

Survival Ratio

Months of reserves

6.3 months

Income Profile

Donations & Legacies

% of income

Government Reliance

% of income

81.9%

Largest Source

Primary income

Charitable Activities

Diversification

HHI: 16558

Highly Concentrated

Trends

Income Growth (1yr)

Year over Year

-31.2%↓

Income CAGR (3yr)

Compound growth

-10.8%

Volatility

Moderate Volatility

19.5%

Reserves Trend

Direction

Depleting

Governance

Employees

Staff count

Volunteers

Volunteer count

Volunteer Ratio

Per staff member

0:1

Revenue/Employee

Per head

£54,950

Trustee Benefits

Payments to trustees

High Earners

Earning over £60k

Source: Charity Commission annual returns. Figures may differ from published accounts. Always verify with official charity filings for due diligence.

Charts

Income vs Expenditure

Income Sources

Assets vs Liabilities

5 Year Trend

Workforce Scale

Employees & Volunteers

Frequently Asked Questions

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