Register of Charities - The Charity Commission EAST LINDSEY INFORMATION TECHNOLOGY CENTRE
Activities - how the charity spends its money
Operating in Lincolnshire, First College seeks to deliver high quality learning that raises participation and attainment, that meets the individual needs of Learners through collaborative partnership working and employer engagement. Specifically we deliver Apprenticeships, Traineeships and vocational training to a wide range of local people. Other activities include supporting unemployed people.
Income and expenditure
Data for financial year ending 31 July 2023
Total income:
£1,362,121
| Donations and legacies | £0 | |
| Charitable activities | £1.04m | |
| Other trading activities | £326.66k | |
| Investments | £72 | |
| Other | £0 |
Total expenditure:
£1,721,128
| Raising funds | £333.43k | |
| Charitable activities | £1.39m | |
| Other | £0 |
£0 investments gains (losses)
Total income includes £1,014,215 from 5 government contract(s)
Charitable expenditure
Charitable expenditure with investment gains
Charitable expenditure
Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.
In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.
Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.
By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.
| Raising funds and other expenditure | £333.43k | |
| Charitable expenditure | £1.39m |
People
33 Employee(s)
3 Trustee(s)