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2025-08-31-accounts

Registered number: 02640936 Charity number: 1004087

SKILLS AND EDUCATION GROUP

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

SKILLS AND EDUCATION GROUP

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 - 10
Independent Auditors' Report on the Financial Statements 11 - 14
Consolidated Statement of Financial Activities 15
Consolidated Balance Sheet 16 - 17
Charity Balance Sheet 18 - 19
Consolidated Statement of Cash Flows 20
Notes to the Financial Statements 21 - 46

SKILLS AND EDUCATION GROUP

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025

Trustees S C Alton
G Clipson MBE (resigned 31 January 2025)
P A Eeles (resigned 8 April 2025)
V A Hancock (resigned 18 October 2024)
J Smith
Y Y Mellor (resigned 15 November 2024)
A G Stott (resigned 10 January 2025)
E A Barrett OBE
Y Koursis OBE
K J Merry (resigned 13 April 2026)
R J Nicholls
D Poole
Dr R J Gater (resigned 30 October 2024)
Dr G Scott (appointed 7 February 2025)
J F Scorer (appointed 7 February 2025, resigned 16 October 2025)
J W Kerry, Chair (appointed 16 October 2025)
Company registered
number
02640936
Charity registered
number
1004087
Registered office
Robins Wood House
Robins Wood Road
Aspley
Nottingham
NG8 3NH
Company Secretary
S Nouman (appointed 26 March 2025)
T De'Ath (resigned 17 July 2025)
Chief Executive Officer
Y Y Mellor (Resigned 28 February 2026 – Interim Chief Executive Officer)
E Beal (Appointed 12 January 2026)
Independent auditors
Streets Audit LLP
Tower House
Lucy Tower Street
Lincoln
LN1 1XW
Bankers
Natwest
536 Valley Road
Nottingham
NG5 1FL
Solicitors
Bates Wells
10 Queen Street
London
EC4R 1BE

Page 1

SKILLS AND EDUCATION GROUP

TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2025

The Trustees present their annual report together with the audited financial statements of the Charity for the year fromyear 1 September 2024 to 31 August 2025. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Objectives and activities

a. Policies and objectives

The Charity provides a range of service in furtherance of its charitable objective to support “the advancement of skills and education to improve the lives of individuals”. These services include:

The Charity’s strategic aims adopted in support of these objectives are identified by an annual strategic planning process culminating in “Ambition 2025” setting out the strategy and direction of the charity to August 2025. This is supported by an annual process which sets out clear strategic targets for in year achievement. Plans are agreed and monitored by the Board of Trustees.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Achievements and performance

a. Main achievements of the Charity

Achievements and performance delivering public benefit

The Charity is dedicated to making a positive impact on people's lives through education and skills-based training. It is guided by values of ethics, professionalism, teamwork, and a commitment to achieving educational, economic, and social advancement for all. The Charity, through its work, provides financial support to learners, access to professional development programmes, and other initiatives to support teaching, learning, assessment, and governance across the further education sector.

Page 2

SKILLS AND EDUCATION GROUP

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Achievements and performance (continued)

Professional Development

The Charity continues to provide high quality professional development programmes, networks, and conferences all of which aim to support the sector’s workforce. The range of services provided is designed to enable the sector, and the staff that work within it, to enhance the lives of young people, adults, and the communities our members and non-members serve.

Professional development events were attended by participants in the UK and internationally. The increasing demand for in-house/bespoke training continues and events were tailored to meet this demand.

Work to support minority communities also continues in collaboration with the Foreign, Commonwealth and Development Office, Gangmasters and Labour Abuse Authority and the Home Office. This work focused on increasing awareness within the Romanian community in the UK of their workers’ rights under UK law to prevent labour exploitation.

Skills and Education Group Foundation

The Charity’s Foundation champions social mobility by supporting learners and education providers through grants, advocacy, and recognition. It provides financial support to learners, staff, and providers, with the goal of expanding access to education, accelerating social mobility and building a fairer society. Through the Foundation’s Learner Grants, Action Research Grants and Resource and Facilities Grants.

The Foundation’s Learner Grant helps individuals to overcome social barriers and advance their skills and education, these grants are for applicants who demonstrate a commitment and willingness to achieve but face financial and/or social adversity.

Grants help provide learners with digital equipment like laptops and tablet devices, transportation costs, educational resources and more. This enables learners to advance in their studies and prevents them from being excluded and at a disadvantage in comparison to their peers.

The Charity is committed to equality, diversity, and inclusion, promoting widening participation and supporting learners from underrepresented backgrounds. This commitment is embedded within its policies, practices, and provider expectations. In 2025 Skills and Education Group received the Multicultural Apprenticeship Employer of the Year award, for its commitment to equity and inclusion.

Awarding Services

The Charity’s awarding services are delivered through Skills and Education Awards and BIIAB Qualifications Limited (BIIAB). Skills and Education Group Awards is a leading national awarding organisation with a longestablished reputation for providing high quality support and services to the education sector regulated by CCEA, Ofqual and Qualifications Wales.

BIIAB is an awarding and end-point assessment organisation of choice for work-based learning providers, employers, and the further education sector with a focus on licence to practice qualifications and the hospitality sector. BIIAB is regulated by CCEA, Ofqual, Qualifications Wales and SQA.

Skills and Education Group Awards portfolio continues to offer qualifications across a range of sectors. All new qualifications are developed in partnership with employers to ensure they meet industry needs and align to new government reforms.

Aside from qualification delivery, Skills and Education Group Awards and BIIAB continue to grow their end-point assessment portfolio.

Skills and Education Group Access continues to have a strong social purpose to recognise achievement,

Page 3

SKILLS AND EDUCATION GROUP

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Achievements and performance (continued)

particularly for those who have benefitted least from their educational experiences, through its work it supports the needs of individuals, providers, businesses, and communities by enabling progression into higher education through Access to HE Diplomas.

b. Fundraising activities and income generation

The charitable group does not carry out any significant fundraising activities.

Financial review

a. Going concern

At the year end, in light of the Group’s operational circumstances, the Trustees considered it necessary to undertake a detailed assessment as to whether the Group and its subsidiary entities can continue to operate for the foreseeable future.

The past year presented significant challenges; however, following appropriate enquiries, the Trustees have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. As a result, the Trustees continue to adopt the going concern basis in preparing the financial statements. Further information on the adoption of the going concern basis is provided in the accounting policies.

This conclusion is supported by the following factors:

b. Reserves policy

It is the policy of the Charity that unrestricted funds which have not been designated for a specific purpose should be maintained at a level necessary to provide a contingency to support day-to-day business activities in the event of reduced income and provide a strategic fund to develop and grow the Charity. Trustees also wish to build reserves to fulfil a Group-wide objective to support social mobility.

In line with best practice guidance, Trustees review the reserves policy each year and confirm that this level of reserve has been maintained.

It is the Charity’s policy to work to building and maintaining reserves to:

Page 4

SKILLS AND EDUCATION GROUP

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Unrestricted funds at the end of the year were £1,814,674 (2024: £2,555,049), with free reserves which exclude fixed assets and are stated before creditors and liabilities falling due after more than one year in a deficit position of £890,353 (2024: £179,660 deficit).

The Trustees recognise that the Charity’s current level of free reserves has reduced, reflecting the financial performance during the year and the planned use of reserves to support the continued delivery of the Charity’s activities. Trustees consider that this use of reserves has been appropriate in the context of the Charity’s objectives. Trustees continue to keep the financial position under review and are confident that the measures in place will strengthen the level of free reserves over time.

Reserve Purpose Target Amount
Contingency •Sustain business operations
•Cover deficits
•Mitigate the risks of unforeseen
challenges and/or emergencies
•Cover statutory obligations		 £1,400,000
Strategic •Support short, medium and
long- term objectives
•Support growth
•Invest in research and
development for new products
and services
•Infrastructure development to
support strategic growth including IT
infrastructure and applications		 £500,000
Social Mobility •Re-invest surplus funds to support
social mobility and provide public
benefit		 £140,000
Designated Pension Fund •Designated fund recognising local
government pension scheme deficit		 £Nil - per actuary valuation
Designated Fund - Third Party
Contracts		 •Funds for a designated purposed
defined by contractual agreements
with third parties (project-based
activities)		 £100,000

Page 5

SKILLS AND EDUCATION GROUP

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

c. Principal risks and uncertainties

Trustees remain aware of the educational and political environment in which the Charity operates and recognise the challenges facing providers in the further education sector.

Key risks to the Charity are:

Trustees are satisfied that the systems and review processes are in place to mitigate and manage the risks. Strategic risks are managed and monitored through risk registers; one for each of the subsidiaries within the Group. Risk registers are reviewed and updated by the Senior Leadership Team monthly and further reviewed by Trustees quarterly.

Risk registers are rated on a weighted likelihood and impact scale based on Charity Commission Guidance.

d. Financial performance and position

The Charity suffered a significant deficit of £740,375 (2024: £2,239,803 deficit), after taking into account gains and losses on investments, and actuarial losses on the pension scheme liability.

Total income was £6,869,279 (2024: £6,970,347) and total expenditure was £7,615,315 (2024: £8,723,573) and reflects the increased costs during the year of servicing project activities, including the distribution of funds to FE providers enabling them to develop new approaches to teaching, learning and assessment.

Staff costs for the year were £3,806,718 (2024: £3,726,682). Salaries and associated costs remain the primary cost to the Charity.

Net assets at the year end were £1,814,674 compared with £2,555,049 at 31 August 2024.

Structure, governance and management

a. Constitution

The organisation is a charitable company limited by guarantee, which was set-up on 27 August 1991.

The company was set-up under a Memorandum of Association which established the objectives and powers of the charitable company and is governed under it's Articles of Association. Its charitable objective is “the advancement of skills and education to improve the lives of individuals”.

Skills and Education Group is the parent charitable company of the group, which includes:

Page 6

SKILLS AND EDUCATION GROUP

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Structure, governance and management (continued)

The Skills and Education Group delivers its products and services through a brand structure that maintains and protects the profile and reputation of the Charities/companies within its structure.

b. Methods of appointment or election of Trustees

There was seven changes to the Board during the year:

Trustees are recruited in accordance with the Articles of Association (revised, adopted 12 October 2021) section 18 – 21 which covers elected, co-opted, and subsidiary representative Directors.

All newly appointed Trustees complete a skills audit to ensure a balance of skills, knowledge, and experiences to support the development of the Charity. Trustee recruitment reflects ongoing and future skills and knowledge needs.

c. Organisational structure and decision-making policies

The Board of Trustees meets four times a year. Trustees:

The Chairs and Chief Executive meet four times a year, which enables the Chairs to have a collective and strategic oversight of the Charity. The Chairs of the Charity, Skills and Education Group Access, Skills and Education Group Awards and BIIAB Qualifications Limited are members of this Group.

The Group meets ahead of quarterly Board of Trustees meetings and provides a structure for the Chairs to review and monitor:

Page 7

SKILLS AND EDUCATION GROUP

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Structure, governance and management (continued)

The Chief Executive is a Trustee of the Skills and Education Group, an appointment made under article 20 of the Skills and Education Group Articles.

Day-to-day management of the Charity is delegated to the Chief Executive who is supported by a Deputy Chief Executive.

The Executive is supported by a Senior Leadership Team (SLT), who support the Chief Executive and Deputy Chief Executive with operational and strategic matters. The Senior Leadership Team meets on a weekly basis, with an extended monthly meeting which focuses on overall Group strategy, finance, and HR matters.

A Senior Management Team (SMT) in addition to SLT meets monthly focusing on operational and departmental matters across the Group. The SMT is chaired by the Deputy Chief Executive and comprises of all SLT members, and Heads of services and functions from across the Skills and Education Group.

In addition to SMT, a monthly Scrutiny Group is held. This meeting is attended by the Executive and SLT. The meeting is chaired by the Deputy Chief Executive and is used to formerly review regulatory needs across all awarding functions within the Group.

The Deputy Chief Executive acts as the Data Protection Officer across the Group and is supported by members of the Senior Leadership Team.

d. Policies adopted for the induction and training of Trustees

Newly appointed Trustees receive an induction under the direction of the Chief Executive. This normally includes an introductory visit to Robins Wood House where there is an opportunity to meet with key staff to gain a detailed understanding of the Charity and the subsidiaries within this.

Trustees also complete a declaration of interest record and skills audit on appointment. Declarations are noted on the Register which is reviewed and updated on an annual basis. Trustees are also asked to state any interests at the start of each Board meeting.

e. Pay policy for key management personnel

Remuneration for the Chief Executive is determined by the Chairs of the Skills and Education Group and subsidiaries. The Chief Executive determines the remuneration for all staff, including the Deputy Chief Executive and Senior Leadership Team.

All annual cost of living pay awards for staff are subject to recommendation to and approval of the Board of Trustees.

f. Financial risk management

The Trustees have assessed the major risks to which the Group and the Charity are exposed, in particular those related to the operations and finances of the Group and the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Page 8

SKILLS AND EDUCATION GROUP

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Plans for future periods

Trustees continue to support “Ambition 2025”, challenging assumptions and using their skills and knowledge to define objectives and associated targets. Ambition 2025 is a strategic plan that articulates ten key priorities that will take the Charity forward. This redefined the Charity’s purpose, mission, and vision to reflect the expanded Group and the services that this now provides:

Purpose:

  1. To support the development and delivery of further education and skills providers and their staff

  2. Champion and support the social impact of the further education and skills sector

  3. To develop and award industry relevant, high-quality qualifications, accreditations and end-point assessments

  4. To be a national leader in Access to HE, awarding high quality Access to HE Diplomas that enable learners to progress into further study and/or employment.

Mission:

The advancement of skills and education to improve the lives of individuals.

Vision:

To provide high-quality services centred on collaboration, responsiveness, and diversity, supporting our members and customers to positively impact on the learners, communities, and sectors they serve to achieve their full potential, no matter what their age, background or ability.

The plans set annual key performance indicators in the context of a longer-term objectives:

Page 9

SKILLS AND EDUCATION GROUP

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and the Charity and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that:

Approved by order of the members of the board of Trustees and signed on their behalf by:

................................................

J W Kerry (Chair of Trustees)

Date: 30 April 2026

Page 10

SKILLS AND EDUCATION GROUP

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SKILLS AND EDUCATION GROUP

Opinion

We have audited the financial statements of Skills and Education Group (the 'parent charitable company') and its subsidiaries (the 'group') for the year ended 31 August 2025 which comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet, the Charity Balance Sheet, the Consolidated Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 11

SKILLS AND EDUCATION GROUP

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SKILLS AND EDUCATION GROUP (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Page 12

SKILLS AND EDUCATION GROUP

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SKILLS AND EDUCATION GROUP (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.

Page 13

SKILLS AND EDUCATION GROUP

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SKILLS AND EDUCATION GROUP (CONTINUED)

Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Robert Anderson BSc FCA (Senior Statutory Auditor)

for and on behalf of

Streets Audit LLP

Tower House Lucy Tower Street Lincoln LN1 1XW Date: 28 May 2026

Page 14

SKILLS AND EDUCATION GROUP

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2025

Note
Income from:
Charitable activities
4
Other trading activities
5
Investments
6
Other income
7
Total income
Expenditure on:
Raising funds
Charitable activities
9
Total expenditure
Net expenditure before net gains on investments
Net gains on investments
Net movement in funds before other recognised
gains/(losses)
Other recognised gains/(losses):
Actuarial gains/(losses) on defined benefit pension
scheme liability
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2025
£
3,873,209
2,951,278
173
44,619
6,869,279
3,102,206
4,512,929
7,615,135
(745,856)
5,481
(740,375)
-
(740,375)
2,555,047
(740,375)
1,814,672		 Total
funds
2025
£
3,873,209
2,951,278
173
44,619
6,869,279
3,102,206
4,512,929
7,615,135
(745,856)
5,481
(740,375)
-
(740,375)
2,555,049
(740,375)
1,814,672		 Total
funds
2024
£
3,721,001
3,162,229
14,863
72,254
6,970,347
3,772,107
4,951,466
8,723,573
(1,753,226)
16,423
(1,736,803)
(503,000)
(2,239,803)
4,794,852
(2,239,803)
2,555,049

The Consolidated Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 21 to 46 form part of these financial statements.

Page 15

SKILLS AND EDUCATION GROUP REGISTERED NUMBER: 02640936

CONSOLIDATED BALANCE SHEET AS AT 31 AUGUST 2025

Note
Fixed assets
Intangible assets
14
Tangible assets
15
Current assets
Stocks
17
Debtors
18
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
19
Net current liabilities
Total assets less current liabilities
Creditors: amounts falling due after more
than one year
20
Net assets excluding pension liability
Defined benefit pension scheme liability
Total net assets		 42,179
1,438,399
57,289
1,537,867
(2,428,220)		 2025
£
1,896,641
1,788,416
3,685,057
29,573
1,355,707
260,875
1,646,155
(1,825,815)
(890,353)
2,794,704
(380,030)
2,414,674
(600,000)
1,814,674		 2024
£
1,934,282
1,887,697
3,821,979
(179,660)
3,642,319
(487,270)
3,155,049
(600,000)
2,555,049

Page 16

SKILLS AND EDUCATION GROUP REGISTERED NUMBER: 02640936

CONSOLIDATED BALANCE SHEET (CONTINUED) AS AT 31 AUGUST 2025

Note
Charity funds
Restricted funds
21
Unrestricted funds
21
Total funds		 2025
£
-
1,814,674
1,814,674		 2024
£
-
2,555,049
2,555,049

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

................................................

J W Kerry

(Chair of Trustees)

Date: 30 April 2026

The notes on pages 21 to 46 form part of these financial statements.

Page 17

SKILLS AND EDUCATION GROUP REGISTERED NUMBER: 02640936

CHARITY BALANCE SHEET AS AT 31 AUGUST 2025

Note
Fixed assets
Intangible assets
14
Tangible assets
15
Investments
16
Current assets
Debtors
18
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
19
Net current liabilities
Total assets less current liabilities
Creditors: amounts falling due after more
than one year
20
Net assets excluding pension asset
Total net assets		 817,317
55
817,372
(2,953,811)		 2025
£
133,136
1,200,803
2,000,722
3,334,661
1,123,310
5,459
1,128,769
(1,911,834)
(2,136,439)
1,198,222
(380,030)
818,192
818,192		 2024
£
139,581
1,283,974
1,712,936
3,136,491
(783,065)
2,353,426
(487,270)
1,866,156
1,866,156

Page 18

SKILLS AND EDUCATION GROUP REGISTERED NUMBER: 02640936

CHARITY BALANCE SHEET (CONTINUED) AS AT 31 AUGUST 2025

Note
Charity funds
Restricted funds
21
Unrestricted funds
21
Total funds		 2025
£
-
818,192
818,192		 2024
£
-
1,866,156
1,866,156

The Charity's net movement in funds for the year was £ (1,044,576) (2024 - £(608,062)) .

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

................................................

J W Kerry (Chair of Trustees)

Date: 30 April 2026

The notes on pages 21 to 46 form part of these financial statements.

Page 19

SKILLS AND EDUCATION GROUP

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Dividends, interests and rents from investments
Purchase of intangible assets
Purchase of tangible fixed assets
Proceeds from sale of investments
Purchase of investments
Net cash used in investing activities
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
The notes on pages 21 to 46 form part of these financial statements		 2025
£
201,839
173
(395,777)
(9,821)
-
-
(405,425)
-
(203,586)
260,875
57,289		 2024
£
(541,055)
14,863
(733,548)
(105,210)
383,796
(31,849)
(471,948)
-
(1,013,003)
1,273,878
260,875

Page 20

SKILLS AND EDUCATION GROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1. General information

The Charity is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. It's aim is the advancement of the education and training of young people and adults. Each of the Trustees is liable to contribute to an amount not exceeding £1 towards the assets of the parent charitable company in the event of liquidation.

The financial statements are prepared in pound sterling which is the functional currency of the entity.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 October 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Skills and Education Group meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The Consolidated Statement of Financial Activities (SOFA) and Consolidated Balance Sheet consolidate the financial statements of the Charity and its subsidiary undertakings. The results of the subsidiaries are consolidated on a line by line basis.

The Charity has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Financial Activities in these financial statements.

2.2 Going concern

The financial statements have been prepared on a going concern basis. At the year end, the Group reported net current liabilities of £890,353, which necessitated a detailed assessment by the Trustees as to whether the Group and its subsidiary entities can continue to operate for the foreseeable future.

After making appropriate enquiries, the Trustees have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. While the past year has presented significant challenges which did give rise to material uncertainties, the organisation is showing positive signs of recovery. Under new leadership, a number of strategic operational and financial decisions have been taken to course-correct and stabilise the Group's activities. The organisation is well positioned, with sufficient resources and a clear strategic plan, to mitigate and navigate these challenges.

The Trustees have reviewed the Group’s financial position, including the level of funds held, post year-end results, and the projected income and expenditure for a period of at least 12 months from the date of approving these financial statements. Based on these forecasts, which indicate a return to positive EBITDA, the Trustees are confident that the Group remains a going concern.

For this reason, the Trustees continue to adopt the going concern basis in preparing the financial statements.

Page 21

SKILLS AND EDUCATION GROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

2. Accounting policies (continued)

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Group's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Research and development

Development costs are capitalised within intangible assets where they can be identified with a specific product or project anticipated to produce future benefits, and are amortised on the straight line basis over the anticipated life of the benefits arising from the completed product or project.

Deferred research and development costs are reviewed annually, and where future benefits are deemed to have ceased or to be in doubt, the balance of any related research and development is written off to the Consolidated Statement of Financial Activities.

2.6 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Group; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.7 Intangible assets and amortisation

Intangible assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Page 22

SKILLS AND EDUCATION GROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

2. Accounting policies (continued)

2.7 Intangible assets and amortisation (continued)

Amortisation is provided on intangible assets at rates calculated to write off the cost of each asset on a straight-line basis over its expected useful life.

Amortisation is provided on the following bases:

Development expenditure - % not depreciated Website - 25 % straight line Bespoke software - 20 % straight line Goodwill - 10 % straight line

2.8 Tangible fixed assets and depreciation

Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

2.9 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Consolidated Statement of Financial Activities.

Investments in subsidiaries are valued at cost less provision for impairment.

2.10 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Page 23

SKILLS AND EDUCATION GROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

2. Accounting policies (continued)

2.11 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due

2.12 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.13 Liabilities

Liabilities and provisions are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Consolidated Statement of Financial Activities as a finance cost.

2.14 Financial instruments

The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.15 Pensions

A charitable company within the group (Skills and Education Group Access) previously contributed to the West Yorkshire Pension Scheme (WYPS), a defined benefit scheme, at rates set by the scheme's actuaries. The charity is no longer an active member of the scheme, and therefore a provision for the orphan exit charge from the pension scheme is recognised in these financial statements.

The charity also contributes to defined contribution schemes for certain employees all of which are separately administered from the charity and the charge recognised in the Statement of Financial Activities.

2.16 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes.

Investment income, gains and losses are allocated to the appropriate fund.

Page 24

SKILLS AND EDUCATION GROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

3. Critical accounting estimates and areas of judgment

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

The present value of the WYPS defined liability depends on a number of factors that are determined on an actuarial basis using a variety of assumptions. The assumptions used in determining the net costs or income for pensions include the discount rate. Any changes in these assumptions will impact the carrying amount of the liability.

4. Income from charitable activities

Learner recognition
Access to HE
Project, membership and CPD
Total 2025
Total 2024		 Unrestricted
funds
2025
£
3,057,134
688,975
127,100
3,873,209
3,721,001		 Total
funds
2025
£
3,057,134
688,975
127,100
3,873,209
3,721,001		 Total
funds
2024
£
2,933,668
388,066
399,267
3,721,001

Page 25

SKILLS AND EDUCATION GROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

5. Income from other trading activities

Income from non charitable trading activities

Income from trading subsidiaries
Total 2024		 Unrestricted
funds
2025
£
2,951,278
3,162,229		 Total
funds
2025
£
2,951,278
3,162,229		 Total
funds
2024
£
3,162,229

6. Investment income

Dividends receivable from listed investments
Interest receivable - local cash
Interest receivable - other
Total 2025
Total 2024		 Unrestricted
funds
2025
£
-
173
-
173
14,863		 Total
funds
2025
£
-
173
-
173
14,863		 Total
funds
2024
£
9,691
2,833
2,339
14,863

7. Other incoming resources

Lettings, admin fees and other income
Total 2024		 Unrestricted
funds
2025
£
44,619
72,254		 Total
funds
2025
£
44,619
72,254		 Total
funds
2024
£
72,254

Page 26

SKILLS AND EDUCATION GROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

8. Expenditure on raising funds

Cost of sales - BIIAB
Cost of sales - QLS
Administration expenses - BIIAB
Administration expenses - QLS
Depreciation - BIIAB
Salary recharges - BIIAB
Salary recharges - QLS		 2025
£
447,066
-
1,026,246
-
1,638
1,623,868
-
3,098,818		 2024
£
449,732
-
1,740,207
-
1,558
1,580,610
-
3,772,107

9. Analysis of expenditure on charitable activities

Summary by fund type

Learner recognition
Access to HE
Project, membership and CPD
Total 2025
Total 2024		 Unrestricted
funds
2025
£
3,031,814
464,399
1,016,716
4,512,929
4,951,466		 Total
2025
£
3,031,814
464,399
1,016,716
4,512,929
4,951,466		 Total
2024
£
3,494,215
746,865
710,386
4,951,466

Page 27

SKILLS AND EDUCATION GROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

10. Analysis of expenditure by activities

Learner recognition
Access to HE
Project, membership and CPD
Total 2025
Total 2024		 Activities
undertaken
directly
2025
£
982,579
158,553
116,325
1,257,457
1,662,876		 Support
costs
2025
£
2,049,235
305,846
900,391
3,255,472
3,288,590		 Total
funds
2025
£
3,031,814
464,399
1,016,716
4,512,929
4,951,466		 Total
funds
2024
£
3,494,215
746,865
710,386
4,951,466

Analysis of direct costs

Staff costs
Moderator and examiner costs
Centre costs
CPD and project expenses
Certificates
QAA registration
Foundation activities
Total 2025
Total 2024		 Learner
recognition
2025
£
701,642
248,287
11,537
-
21,113
-
-
982,579
1,125,296		 Access to HE
2025
£
128,502
700
-
-
-
29,351
-
158,553
280,341		 Project,
membership
and CPD
2025
£
54,048
-
-
53,277
-
-
9,000
116,325
257,239		 Total
funds
2025
£
884,192
248,987
11,537
53,277
21,113
29,351
9,000
1,257,457
1,662,876		 Total
funds
2024
£
889,612
351,376
25,870
162,742
85,157
37,049
111,070
1,662,876

Page 28

SKILLS AND EDUCATION GROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

10. Analysis of expenditure by activities (continued)

Analysis of support costs

Staff costs
Depreciation
Bad debt
Other staff costs
Qualification development
Administration
Communications and marketing
Donations
Premises
ICT costs
Professional fees
Bank charges
Irrecoverable VAT
Governance costs
Total 2025
Total 2024		 Learner
recognition
2025
£
990,970
211,946
(15,677)
336,650
159,472
77,353
19,191
38,505
21,137
131,096
45,689
1,862
10,300
4,434
2,049,235
2,368,919		 Access to HE
2025
£
192,754
52,705
(55,304)
10,928
-
10,533
23,616
-
24,588
41,961
9,680
312
1,997
8,383
305,846
466,524		 Project,
membership
and CPD
2025
£
81,074
145,849
2,043
54,980
16,408
1,737
41,583
13,134
14,634
15,243
305,845
13,786
135,693
58,382
900,391
453,147		 Total
funds
2025
£
1,264,798
410,500
(68,938)
402,558
175,880
89,623
84,390
51,639
60,359
188,300
361,214
15,960
147,990
71,199
3,255,472
3,288,590		 Total
funds
2024
£
1,334,419
359,595
80,813
349,033
87,033
104,351
169,619
67,499
48,504
243,668
199,254
9,827
202,579
32,396
3,288,590

11. Auditors' remuneration

2025 2024
£ £
Fees payable to the Charity's auditor for the audit of the Charity's annual
accounts 35,000 29,000

Page 29

SKILLS AND EDUCATION GROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

12. Staff costs

Wages and salaries costs
Social security costs
Pension costs		 Group - 2025
£
3,508,809
356,960
216,171
4,081,940		 Group- 2024
£
3,160,437
322,837
243,408
3,726,682

During the year a total of £5,498 (2024: £50,963) was paid in respect of contractual termination and redundancy payments, relating to 1 employee. (2024: 8 employees).

During the year a further £2,506 (2024: £2,506) was paid in respect of contractual termination payments which represent an ongoing annual cost to the parent charitable company in perpetuity until the death of individual's covered within this payment. This arrangement was in place prior to any of the current trustees serving on the board.

The average number of persons employed by the charitable company during the year was as follows:

Charitable activities
Administration
Management		 Group - 2025 Group - 2024
£
£
132
60
-
23
15
13
147
96		 Group - 2025 Group - 2024
£
£
132
60
-
23
15
13
147
96
96

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2025 2024
£ £
In the band £60,001 - £70,000 2 3
In the band £70,001 - £80,000 - -
In the band £80,001 - £90,000 1 -
In the band £90,001- £100,000 - 1
In the band £150,001 - £160,000 - 1

The total remuneration and benefits received by key management personnel was £242,536 (2024: £377,684). The trustees consider the key management personnel to be the Chief Executive Officer and Deputy Chief Executive Officer. The Chief Executive Officer and Deputy Chief Executive Officer left during the year, with an interim Chief Executive Offier appointed.

Page 30

SKILLS AND EDUCATION GROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

13. Trustees' remuneration and expenses

During the year, one or more Trustees has been paid remuneration or has received other benefits from an employment with the Charity for their role as Chief Executive Officer. The value of Trustees' remuneration and other benefits was as follows:

2025 2024
£ £
P A Eeles Remuneration 95,645 157,357
Pension contributions paid 18,352 30,391
Y Y Mellor Remuneration 57,969 -
Pension contributions paid 8,383 -

P A Eeles resigned as Chief Executive Officer and Trustee at 08 April 2025.

During the year, retirement benefits were accruing to 1 Trustees (2024 - 1) in respect of defined benefit pension schemes.

During the year ended 31 August 2025, travel and accomodation expenses totalling £ 3,288 were reimbursed or paid directly to 6 Trustees of the charitable group (2024 - £1,657 to 2 Trustees) .

Included in the above were travel, accomodation and subsistence expenses reimbursed to 6 trustees of the parent charitable company totalling £3,288 (2024: £1,657 to 2 Trustees).

Page 31

SKILLS AND EDUCATION GROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

14. Intangible assets

Group

Cost
At 1 September 2024
Additions
Disposals
At 31 August 2025
Amortisation
At 1 September 2024
Charge for the year
On disposals
At 31 August 2025
Net book value
At 31 August 2025
At 31 August 2024		 Developm't
£
417,244
(1,668)
(103,334)
312,242
69,557
89,877
(34,411)
125,023
187,219
347,687		 Bespoke
software
£
117,776
-
-
117,776
35,771
33,410
-
69,181
48,595
82,005		 Website
£
530,472
109,659
-
640,131
306,429
80,288
-
386,717
253,414
224,043		 Goodwill
£
1,609,202
287,786
-
1,896,988
328,655
160,920
-
489,575
1,407,413
1,280,547		 Total
£
2,674,694
395,777
(103,334)
2,967,137
740,412
364,495
(34,411)
1,070,496
1,896,641
1,934,282

Goodwill relates to the purchase of BIIAB Qualifications Limited, a wholly owned subsidiary company.

Page 32

SKILLS AND EDUCATION GROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

14. Intangible assets (continued)

Charity

Cost
At 1 September 2024
Additions
At 31 August 2025
Amortisation
At 1 September 2024
Charge for the year
At 31 August 2025
Net book value
At 31 August 2025
At 31 August 2024		 Bespoke
software
£
18,367
-
18,367
4,839
13,528
18,367
-
13,528		 Website
£
272,462
52,391
324,853
146,409
45,308
191,717
133,136
126,053		 Total
£
290,829
52,391
343,220
151,248
58,836
210,084
133,136
139,581

Page 33

SKILLS AND EDUCATION GROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

15. Tangible fixed assets

Group

Cost or valuation
At 1 September 2024
Additions
At 31 August 2025
Depreciation
At 1 September 2024
Charge for the year
At 31 August 2025
Net book value
At 31 August 2025
At 31 August 2024		 Property
£
2,596,200
5,983
2,602,183
1,087,863
38,514
1,126,377
1,475,806
1,508,337		 Fixtures and
fittings
£
536,987
-
536,987
266,336
33,552
299,888
237,099
270,651		 Office
equipment
£
12,829
-
12,829
8,085
1,637
9,722
3,107
4,744		 Computer
equipment
£
358,638
3,838
362,476
254,673
35,399
290,072
72,404
103,965		 Prefab'd
building
£
15,842
-
15,842
15,842
-
15,842
-
-		 Total
£
3,520,496
9,821
3,530,317
1,632,799
109,102
1,741,901
1,788,416
1,887,697

Page 34

SKILLS AND EDUCATION GROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

15. Tangible fixed assets (continued)

Charity

Cost or valuation
At 1 September 2024
Additions
At 31 August 2025
Depreciation
At 1 September 2024
Charge for the year
At 31 August 2025
Net book value
At 31 August 2025
At 31 August 2024
Group		 Freehold
property
£
1,270,284
-
1,270,284
352,827
22,014
374,841
895,443
917,457		 Fixtures and
fittings
£
511,255
-
511,255
240,861
33,496
274,357
236,898
270,394		 Computer
equipment
£
283,905
3,838
287,743
187,782
31,499
219,281
68,462
96,123		 Prefab'd
building
£
15,842
-
15,842
15,842
-
15,842
-
-		 Total
£
2,081,286
3,838
2,085,124
797,312
87,009
884,321
1,200,803
1,283,974

Property fixed assets consist of freehold property with a net book value of £895,443 (2024: £917,457) and long-term leasehold property with a net book value of £580,363 (2024: £590,880).

Page 35

SKILLS AND EDUCATION GROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

16. Fixed asset investments

Charity
Cost or valuation
At 1 September 2024
Additions
At 31 August 2025
Net book value
At 31 August 2025
At 31 August 2024		 Investments
in subsidiary
companies
£
1,712,936
287,786
2,000,722
2,000,722
1,712,936

Fixed asset investment additions relate to additional costs arising from the acquisition of BIIAB Qualifications Limited.

Page 36

SKILLS AND EDUCATION GROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

16. Fixed asset investments (continued)

Principal subsidiaries

The following were subsidiary undertakings of the Charity:

Names Company Charity Registered office or principal Principal activity Holding
number registration place of business
number
Skills and Education Group Awards 04117784 1086947 Robins Wood House, Robins Advancement of skills 100%
Wood Road, Aspley, Nottingham, and education
NG8 3NH
Skills and Education Access 03773914 1088839 Robins Wood House, Robins Advancement of 100%
Wood Road, Aspley, Nottingham, education learning
NG8 3NH and training
BIIAB Qualifications Limited 10054831 N/A Robins Wood House, Robins Advancement of 100%
Wood Road, Aspley, Nottingham, education learning
NG8 3NH and training in the
hospitality sector
Quality Licence Scheme Limited 10051052 N/A Robins Wood House, Robins Dormant company 100%
Wood Road, Aspley, Nottingham,
NG8 3NH

Page 37

SKILLS AND EDUCATION GROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

16. Fixed asset investments (continued)

The financial results of the subsidiaries for the year were:

Names Income Expenditure Profit/(Loss)/ Net assets
£ £ Surplus/ £
(Deficit) for
the year
£
Skills and Education Group Awards 3,038,574 2,589,825 448,749 2,134,217
Skills and Education Access 748,663 583,573 165,090 (74,521)
BIIAB Qualifications Limited 2,951,278 3,098,818 (147,540) (469,905)

Page 38

SKILLS AND EDUCATION GROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

17. Stocks

Group Group
2025 2024
£ £
Finished goods and goods for resale 42,179 29,573

18. Debtors

Due within one year
Trade debtors
Amounts owed by group undertakings
Other debtors
Called up share capital not paid
Prepayments and accrued income		 Group
2025
£
949,340
-
-
2
489,057
1,438,399		 Group
2024
£
1,034,990
-
614
2
320,101
1,355,707		 Charity
2025
£
10,708
748,534
-
-
58,075
817,317		 Charity
2024
£
29,610
938,564
614
-
154,522
1,123,310

Page 39

SKILLS AND EDUCATION GROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

19. Creditors: Amounts falling due within one year

Bank overdrafts
Trade creditors
Amounts owed to group undertakings
Other taxation and social security
Other creditors
Accruals and deferred income
Deferred income at 1 September 2024
Resources deferred during the year
Amounts released from previous periods		 Group
2025
£
163,842
845,143
-
532,620
406,100
480,515
2,428,220
Group
2025
£
464,032
394,800
(464,032)
394,800		 Group
2024
£
-
605,581
-
540,109
135,685
544,440
1,825,815
Group
2024
£
30,500
464,032
(30,500)
464,032		 Charity
2025
£
163,842
390,372
1,818,906
146,835
406,100
27,756		 Charity
2024
£
-
158,992
1,432,955
134,349
124,355
61,183
1,911,834
Charity
2024
£
3,215
38,957
(3,215)
38,957
2,953,811
Charity
2025
£
38,957
14,155
(38,957)
14,155

Deferred income represents monies received in advance for learner registrations, memberships, annual centre fees, services and projects.

20. Creditors: Amounts falling due after more than one year

Group Group Charity Charity
2025 2024 2025 2024
£ £ £ £
Other creditors 380,030 487,270 380,030 487,270

Page 40

SKILLS AND EDUCATION GROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

21. Statement of funds

Statement of funds - current year

Unrestricted funds
General funds - charitable
company
Skills and Education Group
Awards - post acquisition
reserves
Skills and Education Group
Access
BIIAB Qualifications Limited -
post aqcuisition reserves
Skills and Education Group
Access - designated pension
reserve		 Balance at 1
September
2024
£
1,456,394
1,649,807
360,389
(311,541)
(600,000)
2,555,049		 Income
£
130,764
3,038,574
748,663
2,951,278
-
6,869,279		 Expenditure
£
(1,342,919)
(2,589,825)
(583,573)
(3,098,818)
-
(7,615,135)		 Gains/
(Losses)
£
5,481
-
-
-
-
5,481		 Balance at 31
August 2025
£
249,720
2,098,556
525,479
(459,081)
(600,000)
1,814,674

Page 41

SKILLS AND EDUCATION GROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

21. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General funds - charitable
company
Skills and Education Group
Awards - post acquisition
reserves
Skills and Education Group
Access
BIIAB Qualifications Limited -
post aqcuisition reserves
Skills and Education Group
Access - designated pension
reserve
Quality Licence Scheme
Limited		 Balance at
1 September
2023
£
2,268,861
1,511,250
766,601
293,788
(97,000)
51,352
4,794,852		 Income
£
445,569
2,903,268
454,732
3,166,778
-
-
6,970,347		 Expenditure
£
(1,274,459)
(2,764,711)
(860,944)
(3,772,107)
-
(51,352)
(8,723,573)		 Gains/
(Losses)
£
16,423
-
-
-
(503,000)
-
(486,577)		 Balance at
31 August
2024
£
1,456,394
1,649,807
360,389
(311,541)
(600,000)
-
2,555,049

Page 42

SKILLS AND EDUCATION GROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

22. Summary of funds

Summary of funds - current year

Balance at 1
September Gains/ Balance at 31
2024 Income Expenditure (Losses) August 2025
£ £ £ £ £
General funds 2,555,049 6,869,279 (7,615,135) 5,481 1,814,674
Summary of funds - prior year
Balance at Balance at
1 September Gains/ 31 August
2023 Income Expenditure (Losses) 2024
£ £ £ £ £
General funds 4,794,852 6,970,347 (8,723,573) (486,577) 2,555,049

23. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Intangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
Provisions for liabilities and charges
Total		 Unrestricted
funds
2025
£
1,788,416
1,896,641
1,537,867
(2,428,220)
(380,030)
(600,000)
1,814,674		 Total
funds
2025
£
1,788,416
1,896,641
1,537,867
(2,428,220)
(380,030)
(600,000)
1,814,674

Page 43

SKILLS AND EDUCATION GROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

23. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Intangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
Provisions for liabilities and charges
Total		 Unrestricted
funds
2024
£
1,887,697
1,934,282
1,646,155
(1,825,815)
(487,270)
(600,000)
2,555,049		 Restricted
funds
2024
£
-
-
-
-
-
-
-		 Total
funds
2024
£
1,887,697
1,934,282
1,646,155
(1,825,815)
(487,270)
(600,000)
2,555,049

24. Reconciliation of net movement in funds to net cash flow from operating activities

Net expenditure for the year (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Amortisation charges
Gains/(losses) on investments
Dividends, interests and rents from investments
Loss on the disposal of fixed assets
Decrease/(increase) in stocks
Increase in debtors
Increase in creditors
Net cash provided by/(used in) operating activities		 Group
2025
£
(740,375)
109,102
364,495
-
(173)
68,923
(12,606)
(82,692)
495,165
201,839		 Group
2024
£
(1,736,803)
106,793
280,572
(16,423)
(14,863)
112,699
84,327
(133,578)
776,221
(541,055)

Page 44

SKILLS AND EDUCATION GROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

25. Analysis of cash and cash equivalents

Cash in hand
Total cash and cash equivalents		 Group
2025
£
57,289
57,289		 Group
2024
£
260,875
260,875

26. Analysis of changes in net debt

Cash at bank and in hand
Bank overdrafts repayable on demand		 At 1
September
2024
£
260,875
-
260,875		 Cash flows
£
(203,586)
(163,842)
(367,428)		 At 31 August
2025
£
57,289
(163,842)
(106,553)

27. Pension commitments

Pension buyout liability 2025
2024
£
£
600,000
600,000
600,000
600,000

West Yorkshire Pension Fund

The charity, Skills and Education Group Access, participated in the West Yorkshire Fund (WYPF), a multi-employer defined benefit scheme, until the final member of the scheme ceased in the period to 31 August 2023.

Discussions with West Yorkshire Pension Fund with regards to the potential buyout value are ongoing, with the most recent available valuation of the buyout value provided by WYPF being £600,000 for an orphan exit. This valuation is dated 31 March 2024, and is at present the most reliable valuation available to Trustees for the potential buyout liability.

In addition to negotiations with WYPF, the Trustees are in discussion the pension scheme guarantors, to determine whether some or all of the liability could be subsumed by the remaining 4 guarantors who are actively participating in this process.

The buyout value is the most reliable estimate of the liability to the charity at the time of signing off the accounts. It is possible that the liability will be much lower than £600,000, or no liability at all if this were to be subsumed by the guarantors.

Page 45

SKILLS AND EDUCATION GROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

28. Operating lease commitments

The Group and the Charity had no commitments under non-cancellable operating leases at 31 August 2025.

29. Related party transactions

Skills and Education Group Awards

During the year the charity recharged wages and other costs to its subsidiary, totalling £1,440,699 (2024: £1,275,485). At the year end an amount of £1,818,906 (2024: £1,432,955) was owed by Skills and Education Group to Skills and Education Group Awards, as a result of cash advances net of the recharged costs.

Skills and Education Group Access

During the year the charity recharged wages and other costs to its subsidiary, totalling £232,958 (2024: £414,970). At the year end an amount of £166,502 was owed by Skills and Education Group Access to Skills and Education Group (2024: £314,706).

BIIAB Qualifications Limited

During the year the charity recharged wages and other costs to its subsidiary, totalling £1,623,868 (2024: £1,580,610). At the year end an amount of £582,032 (2024: £623,858) was owed by BIIAB Qualifications Limited to Skills and Education Group.

Yultan Y Mellor

Y Y Mellor, a trustee and then interim chief executive during the year, provided additional consultancy services to the Skills and Education Group prior to thier appointment as interim chief executive. Payments of £43,240 (2024: £23,798) were made during the year in relation to these services, with no amounts outstanding at the year end (2024: £Nil).

Peridot Partners Limited

Y Y Mellor, a trustee and then interim chief executive during the year, is also a principal consultant at Peridot Partners. During the year payments of £18,750 (2024: £Nil) were made in relation to recruitment services, with £10,800 oustanding at the year-end (2024: £Nil).

Bedford College

Y Koursis, a trustee, is also a director of Bedford College. During the year income of £Nil (2024: £960) was received for the provision of charitable services, and expenditure of £3,000 (2024: £4,000) incurred for the same purpose. There are amounts outstanding at the year end of £Nil (2024: £Nil).

Page 46