Itec North East Limited
Analysis
Itec North East Limited is a registered charity in England and Wales, based in Darlington. It was registered in October 1987, 39 years ago. Its declared purposes cover education/training and economic/community development/employment, which this site groups under community and economic development. Legally it is a charitable company (Companies House number 02045777). It says it provides human resources, provides buildings/facilities/open space and provides services.
In the financial year ending July 2024, Itec North East Limited reported income of £1.4m and spending of £1.7m, spending 125% of what it took in. Across the 4 years on record, from July 2021 to July 2024, income fell from £1.9m to £1.4m (-29%), an average of -11% a year. The sharpest change came in the year to July 2024, when income dropped by 31%. Over the whole period it spent 100% of the income it received.
Among 1,869 England and Wales charities whose main cause is community and economic development and that reported income, Itec North East Limited sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in England and Wales with reported income it ranks in the 95th percentile. Charities of a similar size with the same main cause include Safer Wales (£1.3m), The Said Business School Foundation (£1.4m) and Heeley City Farm (£1.3m).
In its latest detailed accounts, income came from charitable activities 99%. Charitable activities took 99% of spending and raising funds 0.0%. Reserves of £893k would cover about 6 months of spending at that rate. It employed 25 people.
Data notes from the register: The register marks this charity as being in administration.
Income and spending
Where the income comes from
- Charitable activities 99%
- Investments 0.7%
In the charity's own words
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.
Similar-sized charities, same cause
| Charity | Location | Income |
|---|---|---|
| Safer Wales | Select | £1.3m |
| The Said Business School Foundation | London | £1.4m |
| Heeley City Farm | Sheffield | £1.3m |
| City Gateway Limited | London | £1.4m |