Finance Score: 5

Governance Score: 5

Support Score: 2

Strong growth: +2
Fundraising costs low: +3

12+ Trustees: -1
Good trustee age range: +3
Dynamic board: +3

Grant maker support: +2

Overall GiG Score: 12

NEW MODEL INSTITUTE FOR TECHNOLOGY AND ENGINEERING

Establishing and operating an institution of Higher Education focused on teaching inter-disciplinary engineering

Analysis by Giving is Great

Positives:

There has been strong growth in spending since inception
There have been no material income shortfalls in recent years
Fundraising costs are unusually low relative to funds raised
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age and dynamic in terms of composition

Regulatory & Governance issues to consider:

There are 14 trustees whereas the Charities Commission recommends a maximum of 12
Over half the Board have joined recently

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/07/22		£9,135	£8,108	£1,027	£139	£9,146	£6,561	9.7	49	2
31/07/21		£3,195	£6,958	£-3,763	£0	£8,119	£5,359	9.2	46	2
31/07/20		£12,137	£5,704	£6,433	£0	£9,539	£43	0.1	37	0
31/07/19		£4,319	£3,752	£568	£0	£3,106	£8	0	21	0
31/07/18	*	£5,115	£2,589	£2,525	£0	£2,539	£5	0	14	0

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Financial Ratios

Fundraising Costs/Relevant Income: 4.9%
Fundraising Costs/Total Spending: 1.7%
Senior Staff Costs/Total Spending: 12%
Highest pay band: £150,000-£200,000
Liabilities/Assets: 40%
Liabilities/Income: 67%
Unrestricted Funds/Total Funds: 72%
Reserves/Spending: 9.7 months
Net Current Assets/Spending: 3 months
Quick Ratio: 1.6

Asset Split ?

Established: 6 years
(10 years as a company)

https://nmite.ac.uk/

chib.alexander@nmite.ac.uk

01432 371111

Charity Commission for England and Wales

Tweets

Listed activities

Education/Training

GiG Classification

Colleges and universities

How it operates

Provides advocacy/advice/information
Provides buildings/facilities/open space
Provides services
Sponsors or undertakes research

Where it operates

Throughout England And Wales,

Who it helps

Children/Young People

Who works here?

49 employees
2 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
Herefordshire Community Foundation - Grant to New Model Institute for Technology and Engineering (NMITE)
£5,000	29/04/2020	PPE
Garfield Weston Foundation - Major Grants award
£500,000	22/02/2018	Ingenuity Studios

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (14)

Current Trustees appointed

Gender Split

Age Range of Trustees: 21-67

AIMEE CLARK Appointed: 2021, Occupation: Director

CHRISTOPHER COURTNEY Appointed: 2022, Occupation: Director

DANIEL JAMES Appointed: 2024, Occupation: Student

DAVID ALUN HUGHES Appointed: 2023, Occupation: None

DR MARIA ELENA LIQUETE COTERA Appointed: 2023

ELISE CUMMINGS Appointed: 2023, Occupation: Student

GRAEME FERGUSON Appointed: 2024, Occupation: It Professional

JAMES NEWBY Appointed: 2022, Occupation: Chief Executive Officer

JONATHAN REVELL EMMET Appointed: 2023, Occupation: Director

NICHOLAS LIEVEN Appointed: 2021, Occupation: Academic Professional

YASMIN ALI Appointed: 2022, Occupation: Director

MARC ANTHONY LEPPARD Appointed: 2021, Occupation: Director, Other trusteeship: THE CATHEDRAL CHURCH OF THE BLESSED VIRGIN MARY AND SAINT ETHELBERT IN HEREFORD,

MARTIN JOHN HITCHIN Appointed: 2019, Occupation: Director

TERENCE JAGGER (Chair) Appointed: 2021, Occupation: Businessman, Other trusteeship: NATIONAL BIODIVERSITY NETWORK TRUST,

Legal constitution

Charitable company registered in England & Wales on 05/01/2018, number: 1176550
Registered at Companies House on 03/12/2013, number: 08800142

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Investment
Paying staff
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

5 returns made; AR18: 63 days late,

Recent reorganisation events:

Asset transfer in from HEREFORDSHIRE TERTIARY EDUCATION TRUST on 11/04/2022

Main office

NMITE
Blackfriars Street
Hereford
HR4 9HS

Objectives

3. OBJECTS3.1 The Institute's objects (Objects) are specifically restricted to the following:3.1.1 to advance education, with a particular focus on engineering and related business skills, and to widen participation in higher education by underrepresented groups and those who are socially excluded; and 3.1.2 to promote research for the public benefit and to publish the useful results.

Defined Area of Benefit:

HEREFORDSHIRE

Data Sources