REGISTERED COMPANY NItMBER: 03513280 (England and Wales)
REGISTERED CHARtTY NUMBER: 1071609
Grou
Re ort of the Trustees and
Consolidated Financial Statements ￿r the Year Ended 31 March 2024
for
aritime + En
ineerin
Colle
e North West
Haines Watts
Sialutory Auditor
3rd Floor Pacific Chambers
11-13 Victoria Street
Livetyool
Merseyside
L2 5QQ

Ivlaritin]e + En
ineerin
Colle(ye North West
Contents of the Financial Statements
for the Year Ended 3 1 March 2024
Page
Report of the Trustee5
I to 5
Report of the Independent Auditors
Consol(dated Statement of Financial Activities
Consolidated Balance Sheet
io
Consolidated Cash Flow Statement
Notes to the Cash Flow Statement
12
Notes to the Financial Statements
13 to 20

MaritiEne + En
ineerin
Colletse North West
ort of the Trustees
for the Year Ended 31 March 2024
The trustees who are also directors of the charity for the purposes of the Cotnpanies Act 2006, present their report with
the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of
Ac¢ounting and Reporting by Charities- Statement of Recotntnended Practice applicable to charitieg preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
(effective l January 2015). As a charity registered in England and Wales, the charitable company also reports in
aecordance with the Charity Commission for England and Wales, guidance on public benefit and the Charities Act
2015.
OB,TF,CTIVES AND ACTIVITIES
Objectives aims
The principal activity of the company in the year under review was that of the provision. through partnership, of
technical training in engineerin& manufacturing, construction and related skills, primarily through apprentic&ships.
MECNW (trading as The Engineering College) is a Group Training Association (GTA). GTAS are employer led,
charity based industrial training companies, set up by the local engineering business community to meet their
collective technical skills and educational needs. MECNW is one of the leading GTAS in a national network of
approximalely 30 similar GTA organl&2ti(￿S across England.
Signif]eAnt activities
MECNW (The Engineering College) is an innovative education, training and enterprise centre, whidL has an extensive
raiige of well-equipped engineering manufacture and Construction workshops. as well as CADI CAM/ IT and
Simul¢ltion suitcs. Adjacent classrooms are outfitted with information technology equipmeiit to enable corripuler-dided
design and web-based learning and research to complement the hands-on training in an overall design and make"
process. MECNW as a GTA also offers teehnical training and assessment to the clients existing workforce on a
conimercial basis to support the Énainstream charitable activity by providing a conduit for young people to access high
value careers in the engineering sectors.
Education and training programmes are fiuther enhAnced by tlie availability of the dry dock facility, which has dire
acces5 from the River Mersey. MBCNW (The Engineering College) xs therefore a uniqu¢ training provider, which
enables services to be offered to meel the challengyng demands of employers in the 21st century,
Public benefit
In planning its objectives and activilies for the year ended the charity has kept in mind the Charity Commission
guidance on public benefit at its trustees, meetings.
The charity's objectives are to develop technical skills through education at)d training courses. The charity asS15ts
many young people to gain employment through apprenticeships and subseqiiently to develup industry related skills,
obtain relevanl qualifications and in turn contribute to the engineering community as skilled labour. Pre-employment
programmes which include tethnical skills development al'e also offered to improve employment prosperts for other
young people awaiting an apprenticeship opportunity.
Page I

Maritime + En
eerin
Colle
e North West
ort of the Trustees
for the Year Ended J l March 2024
STRATEGIC REPORT
Achievement and performanee
Charitsble activitie3
MECNW cfhe Engineering College):
is a centre of excellence, which meets employer demand for quality training and works in partnership for mutual
benefit. The core produ& is Advanced and Higher Apprenticeship5 delivered in accordaELce with apprenticeships
Standards within the engineering, manufacturing. enEineering-construetion, and the energy sectors. Pre-apprenticeship
courses support progression into apprenticeships and employment. There is also a range of cornmercial pro8ran]mes
for those in employment within the en￿e( eering. manufaeturintt encTineering construction and ener8y sectors.
15 a currently graded 3 (require5 irnprovement) under Ofsted's cwrent inspection framework, and retains many of its
outstanding features including excellent skills developrT)ent for learners. excellent facilities; very good health and
safety practice and very effective partnership working with employers at local, regional and national levels.
retains its Investors in People Gold status for the third consecutive assessment and is approved and accredited by a
range of professional bodies and institutions within the sectors covered including IET, IMechE, IMarEsl,
City&Guilds, EAL, ECITB, Pearson Group, and the Welding Institute (TWI)
is an active and leading member of GTA England (Group Training Associations), with representation by the ￿0 on
the trx)ard of directors of the national network of ¢30 companies of similar business rnodels which includes the training
divisions of s¢v¢ral multi-national maniifa¢turing businc5ses. MECNW (Th¢ Engin¢cring College) performs in the
upper quartile for financial performance and leads in the development of good and innovative practices.
has developed a commercial wclding centre which has endorsements and approvals from the Ivelding Institute
and ha5 opened a cr05S sector skills technical skills training and as5essm¢nt centre which offers technical
assessment services attoss the country to other apprentice training providers.
has invested significantly in new technology and virtual reality suites to service the advanced manufacturing, digital
technologies sectors, aligning the business to the aspirations of the LCR Local Enterprise Partnership (Manufacturing)
is working iii partnership witl) Eov¢i'ntn¢nt and employers iii the Grand Baliamas to develop and deliver innovative
technical apprenticeships and technical assessments of existing staff in heavy engineering.
MECNW (The Engineering College) is not just another training provider with excellent facilities. It act5 as a genuine
onduit for the local ¢i)mrnunity to a￿¢s5 real jobs in se¢tors off¢ring rewarding careers for a qualified workforc¢ and
acts in many respects a5 the voice of the en£ineering, manuf&ctwin& construction and energy sectors in the local
commiinity. Innovation in developing skills solutions is very much & part of the Company's portfolio of services and
MECNW (The Engineering College) is in the vanguaTd of national developments working in a range of employer
representative groups (formerly Call￿ Trailblazers) with large employers and govemmeni staff to create the new
Apprenticeship Standards for England.
MECNW (The EnLyincei'itig Collcgc) has dLlivered over circa 1500 new young Lngineers to thc sector so far and is
growing by reputation to be the training provider of choice for the local engineering, manufathuring, construction and
energy sectors An the Liverpool City Region and wider North West. MECNW Ohe Engineering College) and is
intluential in the local engineering and ￿rther education Communities and respected by the sector for strong employer
engagement, strategic leadership and innovative approaches to developing new solutions for clients.
Financial revi¢iv
Principal funding sources
The principal fijnding source of MECNW (The Engineerino College) is the Education and Skills FundiniF Agency
(ESFA) and the Apprenticeship Levy (administered by ESFA).
Page 2

Maritime + En
ineerin
Colle
e North West
ort of the Trustees
for the Year Ended 31 March 2024
STRATEGIC REPORT
FinaDCi81 reTriew
Rèserves policy
The trustees of the charity recognise that there will be fluctuations in the ¢hariulls income, which Can often be as a
result of events outside their control. It is the policy of the trustees to build up and mainÉain a sufficient level of
reserves to enable the charity to continue and to allow it to explore and secure altemative levels of funding should
unexpected events occur.
The wesent fijnding arrangements are generally agreed in advance for the following twelve months. There Can
however be delays in receiving fvnds and in addition some of the commercial aspects of the charity's activities are not
known with certainty in advance. For th￿e reasons, the trugtees Gonsider that reserves should be held at a level to
enable the Charity to continue for a minirnum of four months without additional sources of revenue.
Unrestricted ￿ndS at the year end total £1, 110,451 of which £385,940 related to fixed assets.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing doellment
The company is a registered charity and a company lirnited by guarantee. It was incorporated on 13 February 1998 and
15 governed by ils Memorandum and Articles of Association.
Tradlng Dame - 'The E.ngineering College,
Whilst Maritime and EnginLcring College 'North West remains the registered company name at Companies House and
with The Charity Commission, the company operates under the trading name 'fhe Engineering College,.
RtcruitmeDt and appointment of new trustees
The Board keeps the skill requirements for the Trustee Body under review and in the event that a trustee pemwiently
retires or additional new trustees are i'equiied, the Board sets up a nominations sub-¢ommittee to recruit the new
truslee(s). New trustees may be appointed through dialogue with the major tllstitutions Wlth whi¢h the coinpany
engages.
Or£aDisAtiODal structure
'The Trustees listed below were the members of the company, and represented the interests of Wirral Borough Council,
the Lairdside area and the private sector. The trustees are appoint¢d by the Board. There is no maximum niimber but the
minirnum number is three (agreed at the Board review in Autumn 2020).
The truste￿ meet approximately four times per year, and at their meetings agree the bri)ad strategy and areas of activity
of the company, including consideration of investment, reserves and risk management policies and performance. The
day to day athninistration of the company is delegated to the Chief Executive offi￿r.
New Memorandum and Articles weTe filed at Companie5 House in 2021. The new MemoranduTn and Articles stste
Éhat all Trustees are on appointment the Members of the Company.
Environment
The Engineering College ensures that it is compliant with Cu￿ent legislation and maint&ins an up to date Environmental
and Sustainability Policy to ensure that it is monitoring the intr(Kluction of new or modified legislation. The
Engineering College works within the guidelines of the enforcing agencies for England and Wales.
lllduction and training of new trustees
The induction prwess for any newly-appointed trustee Compris￿ an initial meeting with the Chair, the Board and ChÉef
Executive Officer, followed by a series of short meetings with the Chief Executive. The welcome pack typically
includes a brief history of the cO￿panY, copy Board and sub-committee minutes, a copy of the last three ye￿s, annual
report and accounts, a copy of the Memorandum and Articl￿ of Association and a copy of the Charity Cornrnis5ion's
ouidance 'The Essential Trustee: What You Need to Know."
Page 3

Maritime + En
ineerin
Colle
e Notth West
ort of the Truste¢5
for the Year Ended 31 March 2024
STRUCTURE, GOVERNAI4CE AIYD MANAGEIIIEf+tr- continued
Related parties
The charity has a subsidiary MEC North W¢st Entetyrises Limited, which operates certain trading aGtivities, The
SUTplus. if any, generated by the subsidiary is given by way of gift aid, to tbe charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company Dumber
03513280 (England and W&les)
Registered Charity number
1071609
Reglstered office
Finance Department
2nd Floor
Monks Ferry
Birkenhead
CH415LH
Trustees
I C Higby Company Director
Councillor L A Rennie Elected member (resi￿)ed l.10.23)
Mrs K Podmor¢ Company Director (re8i8ned .31.7.2J)
C A Lavelle Solicitor
Mr5 M Barker
A Evans
M Hill
CompAny Secretjry
J S Weatherall
Auditors
Haine5 Watts
Statutory Auditor
3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ
Bankers
Lloyds Rank PLC
Sw4nsLa Osc
Epona House
Phoenix Way
Swansea
SA7 9HG
Solicitors
BwmarLS LLP
Exchange St8tion
Tilhebam Street
Liverpool
L2 2QP
Chief Executive Officer
T W&ston
Page 4

Maritime + En
ineeTin
Coll¢
e North West
ort ofthe Trustees
for the Year Endcd 31 March 2024
STATEMENT OF TRUSTEES, RESPONSIBILrrtES
The trustees (who are also the directors of Maritime + Engineering College North West for the purposes of company
law) are responsible for preparing the Report of the Trustees and the financi81 staternents in accordance with applicable
law and United Kingdom Accounting Standards (Unitd Kinodoin Generally Accepted Accounting Practice). The
report and accounts have been pr¢pared in accordance with the provisAons in the Compat]ies Acl 2006 relating to small
companies.
Company law requires the trustees to wepare financial statements for each financial year which give a true and fair
view of the state of affairs of the charitable company and ￿0Up and of the llicoming resources and application of
resources, including the income and expenditur4 of the charitable cornpany and group for that period. tn preparing
those financial statements, the trustees are required to.,
select suitsble accounting policies and then apply them consistently;
observe the methods and prinGiples in the Charity SORP;
make judgements and estimates that are reasondble and prudent-
State wheth¢i' applicable UK accounting standards have been followed, subject to any material departw¢s disclosed
and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriat¢ to presume Ihat th¢ charitable
company and group will ¢ontinu¢ in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonoble accuracy at any time
the financial position of thc charitable compwiy ￿]d group and to enable them to ensure that the financial statements
comply with the Cornpwiies Act 2006. They are alsv rusponsible for safeguarding the assets of the charitable compamy
and heiice for taking reasonable steps for the preventiijn and detection offraud and other irregularities.
In so far as the trustees are aware:
there is no relevant audit information of which the charitable company's auditors are unaware. and
the trusiees have taken a]1 steps that they ought to have taken to make themselves aware of any relevant audit
information and to establish that the auditors are aware of that information.
AtrDITORS
The auditors, Haines Watts, will be proposed for re-appoinlment at the forthcoming Annual General Meeting,
This report has been prepared in accordance with the small cornpanies regime under the Cornpanies Act 2006.
Report of the trustees, incorporatin8 & 5trategi¢ report, approved by order of the l￿rd of trustees, as the company
directors, on
. and signed on the board's behalf by:
I C Higby- Trustee
Page 5

R ort of the Ind
endent Auditoi's to the Members of
Maritirne + En
ineerin
Collette North West
Opillion
We have audited the financial statements of Maritime + Engineering College North Wést (the'charitable company,) and
its subsidiary ('the Joup,) for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the
Balance Sheet. the Cash Flow Statement and notes to the financial staternents, including a summary of significant
accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and
United Kingdorn Accounting Standards (United Kin8dorn Generally Accept￿ Accounting Practice).
In our opinion the financial statements-
give a true and fair view of the state of the Group's and the charitable company's affairs as at 31 March 2024 and of
its incorning resources and application of resour¢¢s, including its income and expenditure, for the year then ended.
have been properly prepared in a¢Gordance with United Kingdom Generally Accepted Accounting Practice,. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable law.
Our responsibilities under those standards are fijrther described in the Auditors, responsibilities for the audit of the
financial ststements section of our report. We are independent of the charitable company and group in accordance with
the ethical requiren]ents that are relevant to our audil of the financial statemenls in the UK, including the FRC'S Ethical
Standard. and we h&ve fulfilled our other ethical r&sponsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provid¢ a basis for our opinion.
Coneluslons relating to going concern
We have nothing to report in respect of the following matters in relation to which the ISAS (UK} requir¢ us to report to
you where,.
the trustees, use the going wncern basis of accounting in the preparation of the financial statements is not appropriate.
or
the trustees have not disclosed in the financial staternents any identified material uncertainties that may cast significant
doubt about the ￿0up'S ability to continue to adopt th¢ going conc¢m basis of accounting for a period of a least hwelve
months fi'om the date when the financial ￿aternent$ are authorised for issue.
Other information
The tt'uslees are responsible for the other information. lThe other information comprises the information included in the
Annual Report, other than the financial stalements and our Report of the Independent Auditors thc¥¢on,
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 nut expi'ess any form of assurance o)nclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other inforniation an(L in doing
so, consider whether the other iiiformatic*] is materially inconsistent with the financial statements or our knowledge
obtained in the audit or otherwise appears to be materially misstated. If we identify such material in¢ons1St¢nGies or
apparent material misstateinents, we are required to detennine whether this gives rise to a material misstatement in the
financial statements themselves. If, bas¢d on the work we have performed, we conclude that there is & rnaterial
misstatement of this other infonnation, we are required to report that fact. We have nothing to report in thi5 regard.
Opinions on otber matters preseribed by the CompADieg Aet 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the Group's Report of the Trust¢¢s for the financial year foi. which the financial statements
are prepared is consistent with th¢ financial statements; and
the Gi"oup's Report of the Tru5tee5 has been prepared in accordance with applicable legal reqiiirernents.
Page 6

ort of the Inde
endent Auditors to the Members of
Maritime + En
ineerin
College North West
Matters on whicb we are ￿qUired to report by exceptÉon
In the liJtr )t of the knowledge and i￿dersta[ld1ng of the charitable group and its environment obtained in the Course of
the audit, we have not identified material misstaternents in the Report of the Trustee5.
We have nothing to report in respect of the following matters where the Companies Act 2006 requir&s us Éo report to
you if, in our opinion:
adequate accounting records have not ken kept by the Charitable parent compally or retums adequate for our audit
have not been received froin branches not visited by us. or
the financial statements are not in agreement with the accounting records and returns. or
certain dis¢losures of trustees, reML￿eTation specified by law are not Made. or
we have not received all the infomation and explanations we require for our audiL
Responsibilities of trustees
As explained more fvlly in the Staternent of Trustees, Responsibilities, the trustees (who are also the directors of the
charitable parent company for the purposes of company law) are responsible for the preparation of the financial
slateInents and for being satisfied that they give a true and fair view. and for such internal control as the trustees
ddermine is necessary to enable the preparation of financial statements that are free frotn rnaterial misstatement,
whether due to fraud or error,
In preparing the financial statements, the trustees are responsible for assessing the Group's and the ch￿itable company'5
ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going
conGern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations,
or have no realistic alternatTve but to do so.
Our responsibilities for the audit of the flnanelal $tAtemellts
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatemenL whether due to fraud or aTor, and to issue a Report of the Independent Auditors that includes
our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that all audit conducted in
accordance with ISAS (UK) will always detect a material misstatement when it exist& Mi5Statemenls can arise from
fraud or e￿or and are considered malerial if, individually or in the aggregat< t]iey Could reasonably be expected to
iTJfluence the economic decisions of users taken on the basis of these finan¢ial statements.
Irregularities, including fraud. are instsnces of non-eornplian¢e with laws and regulations. We d&%ign procedures in
line with our responsibililies, outlined above. to detect rnal¢rial misstatements in respect of i￿egUlarltie￿, including
fraud. The extent to which our procedures are ¢apable of detecling irrLgulÉWiti¥¥. including fraud is detailed below..
Based on ow. underslandiiig of the company and the industy in which it operates, we identified that th¢ principal risks
of non-compliance with laws and regulations related to the acts by the company. whiGh were contrary to applicable
laws and regulations includintr fizud, and we considered the extent to which non-compliance might have a materia]
effect on the financial statements. We also considered those laws and regiilations that have a direct impact on the
preparation of the financial statements such as the Companies Act 2006. We evaluated rnanagetnent's incentives and
opportunities for fraudulent manipulation of the financial statement5 (including the risk of override of controls), and
determined that the principle risks were related to inflated income and surplus.
Page 7

R ort ofthe Inde
Marititne + En
Colle
e North West
endent Auditors to the Members of
ineerincr
Our responsibilities for the audit of the finaneial statements (continued)
Audit procedures performed included:
review of the financial statement disclosures to underlying supporting documentation.
review of any correspondence with legal advisors, and enquiries of rnanagetnent and those charged with governance
around actual and potential Itti>ts tion and clairns
enquiri¢s with company's staff to identify any instanc&4 with non-compliance with laws and regulations
enquiries of management and review of monthly management accounts and reports in so far as they related to the
fitwicial statements
testing of journals and evaluattng, whether there was evidence Jf bias by the Directors that represented a risk of
material mis5tstemeni due to fraud, and evaluating the business rationale (Trf s2gnificaRt transa¢tions outside the nornial
course of business
undertaking delailed substantive testing of material items and a sample of other items
consideration of the reasonableness of the figures and analytical review, including cotnparison ￿1th previous yws
and ¢xp¢¢ted trends
- review of the Compliance with and effectiveness of internal controls
There are inherent limitations in the audit procedures described above and the fjjrther removed non-complian¢e with
laws and regulations is from the events and transactions reflected in the financial stalernents, the less likely we would
become awdre of it. Also, the risk of not detecting a material misstatement due to fraLtd is higher than the risk of not
deteeting one resulting from error, as fraud may involve delib¢rat¢ ¢oiic¢alnient by. for exainple, forgery or intentional
misrepresentations, or through collusion.
A fijrther description of our rcsponsibilitics for thc audit of thc financial statcrnents is lacated on the Financial
Reporting Council's website at www.fr¢.org.uk]audilorsresponsibilities. This description fortns part of our Repurl of
the Independent Auditors.
Us¢ of our report
This report is made solely to the tharitable companys members, as a body, in aecordance 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 rnattws we are required 10 State to them in ￿ auditors, report and for no other purpose. To the fullest
extent pemitted by law, we do not accept or assume responsibility to anyone other than the d)aritable ￿n1panY and th¢
hari1abl¢ company's members as a body, for our audit work, for this report, or for the opinions we have formed,
Michael Forshaw BA FCA (Senior Statutory Auditor)
for and on behalf of Haines Watts
Statutory Auditor
3rd Fl(K)r Pacific Chaniber5
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ
Date: .............................................
Page 8

Maritime + En
ineerin
Colle
e North West
Consolidated Statement of Financial Activities
Inco
oratin
an Income and Ex
enditure Account
for the Year Ended 31 March 2024
31.3.24
Ttstsl
funds
31.3.23
Total
funds
Unrestricted
funds
R¢stricted
nds
Notes
INCOME AND ENDOWMENTS FROM
Charitable Activities
Education & Training
2,237,064
2,237,064
2,185,782
Other operating income
306 787
306 787
281,537
Totgl
2,543,851
2,543,851
2,467.319
EXPENDITURE ON
Charitable activities
Education & Training
2.531.389
2,531,389
2.424,338
NET INCOME
12,462
12,462
42,981
RECONCILIATION OF YUNDS
Total funds brought forw8rd
1,097,989
1,097,989
1,055,008
TOTAL FUNDS CARRIED FORWARD
1 110,451
1110 451
1097 989
The notes form part of these fjnancial statements
Page 9

m￿ltime + En
ineerin
Colle
e North West
Consolidated and Chari
31 March 2024
Balallce Sheet
2024 Group
2023 Group 2024 Charity 2023 Charity
Notes
FIXED ASSETS
Tangible assets
Investments
385,940
318,203
385,940
J18.203
385.940
318.203
38S,942
318,205
cTniRENT ASSETS
Debtors
Cash at bank
io
677,168
350 188
545,828
407,909
677,202
350,152
536,826
407,909
1.027,356
953,737
1,027,354
944,735
CREDITORS
Amounts falling due within one year
(191,586)
{145,520)
(191,586)
{136,520)
NET CURRENT ASSETS
835.770
808217
835 768
808 215
TOTAL ASSETS LESS CURRENT
LIABILTfIES
1,221,710
1,126,420
1,221,710
1,126,420
CREDITORS
Amounts falling due after more than one year
12
(111,259)
(28,431)
(111,259)
{28,431)
NET ASSETS
1 110,451
1097 989
1110451
1097 989
FUNDS
Unrestri¢¢ed fijnds
16
1110 451
1097 989
TOTAL FUNDS
1,110,451
1097 989
As permitted by s408 Companies Act 2006, the company has not pr&%ented its own statemoit of financial activities as it
prepai-e5 group accounts. The coinpany's net income for the financial year was £12,462 (2023: £42,981)
Th¢ financial slaternents were approved by the Board of Trustees and authorised for issue on
. and were signed on its behalf by:
C A Lavelle - Trustee
I C Hioby- Trustee
The notes form part of these financial statements
P2Cye 10

Marttime + En 'neeTin
Colle
e North West
Cash Flow Statement
for the Year Ended 31 March 2024
31.3.24
31.3.23
Notes
Cash flows from operatiug activities
Cash geuerated from operations
(22,657)
28,979
Interest paid
nterest element of finance lease payments
paid
61
(2,247)
N¢t cash provided by operating activities
26.084
Cash floivs from investing activities
Purchase of tangible fixed assets
137 013)
Net Cash used in investing activities
137 1113)
32 l97)
Casb flows from financing Activities
New loans in year
Loan repayments in year
114,750
(10.000
Net cash provided by/(used in) financing activilies
102.5DO
io 000)
Cbange in eash and eash equivglents In
the reporting period
Cash and cash equivalellts at the
begiDning of the reportAug period
(57,757)
(16,111)
4Lb7,91J9
424,020
Cash alld casb equivalents at the end of
the reporting period
350,152
407 909
The notes form part of these financial statements
Pagell

Maritime + En
ineerin
Colle
e North West
Notes to the Consolidated Cash Flow Statement
for the Year Ended 31 March 2024
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIvrrIES
31.3.24
31.3.23
Net income for the reporting period (AS per the Statement of FinAneial
Activities)
Adjustments for:
Depreciation charges
Interest paid
interest element of hire purchase and f]nance lease rental payments
L05s/(profit) on disposal
{In￿ease)1decrease in debtOTS
(Decrease)lincrease in creditors
12.462
42,981
69,279
(61)
648
74.469
2,247
648
(140,379)
{115,036)
23,670
Net eAsh provlded by opèratlons
22 657)
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.23
Cash flow
At 31.3.24
Net cssh
Cash at bank and in i]and
407 909
350 IS2
407 909
57,757
350 152
Debt
Debts falling due within l year
Debts falling due after l year
(8,235)
(19,672)
(27,907}
111259
36 666)
102 500
139 166
Tot81
160 257
210 986
The notes form part of these financial statements
Page 12

Maritime + En
ineerin
Colle
e North West
Notes to the Financial Staternents
for the Year Ended 31 March 2024
ACCOUNTINC POLICIES
Company information
M￿'It1me + Enoineering College North West is a private company limited by guarantee incorporated in Enlyland
and Wales. The registered office is 2. Floor. Monk5 Ferry, Birkenhead, CH415LH.
Basis of preparing the financial statements
The financial statements of the charitable company, which is & public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement
of Recommended Practice applicable to charÉties preparing their accounts in accordance with the Finaticial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),,
Financi&l Reporting Standard 102 'The Finan¢ial Reporting Standard applicable in the UK and Republic of
Er¢land' and the Companies Act 2006. The financial Statements have been prepared under the histOTical cost
convention, with the exception of investments which are included at market value.
The Statement of Financial Activities and balance sheet con501idate the financial statements of the Charity and
its subsidiary undertakings. The results, assets and liabilities of the subsidiaries are consolidated on a line by lin¢
basis.
The financial statements are prepared in sterlin& which is the functional currency of the charity. Monetary
amounts in these financia] statements are rounded to the nearest £.
ncome
All incoming resources are recognised irA the Ststement of Financial Activities once the charity has ¢ntitl¢ment
to the ￿nds, it is probable that the income will be received and the arnount can be measured reliably.
Income fr
e activities
Income from apprentice training are included in Ilie Ststement of Financial Activities on a receivable basis. The
balance of income received for specific purposes but not expended during the period is shown in relevant funds
on the balance sheet.
Where received in advance of meeting any performance related conditions there is nol unconditional enlitlLment
to the income and it's recognition is deferred and inLludLd in crcditorq as deferred income until the pertormance
related conditions are met. Where entitlement occurs before the income is received, the income is accrued 8nd
included in debtors as deferred income.
onations
Donalions are recognised on a receivable basis (where there are no performance related conditions) where the
receipt is probable and the amount can be measured reliably.
Other income
Other income included th¢ hire of facilities, is recognise41 in the period it is receivable and to ihe extent that the
ChaTity has provided the goods or 5¢rvices.
Expenditure
Liabilities are recognised as expenditure as 500n as there is a legal or constructive obligation committing the
charity tD that expenditure, 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 accounted for on an a￿ruaLS basis and has
been classified under headings that aggregate all cost related to the category. Where costs cannot be directly
attributed to particular headings they have been allocated to activities on a basi5 consistent with the use of
resoiirces.
Governance costs include the costs attributable to the compliance wttb constitutional 2nd statutory requirements,
including aLLdit, strategic rnanagernent and other professional costs.
The notes ft)rm part of these financial statements
Page IJ

Maritime + Enqineerin
Colleoc North West
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
ACCOUNTING POLICIES - contillued
Tangible fixed Assets
Tangible fixed assets are measured at their ortginai cost value. Cost value includes all e05ts expended in ￿Ing
the &sset into its intended working condition. Depreciation is provided at the followints annual rates in order to
write off each asset over its estI￿￿ted use￿1 life, or if held utLder finance lease, over the lease term, whichever is
the shorter.
Long leasehold
Plant and machtnery
Fixtures and fittings
Motor vehicles
2.5°/D On COSt
200/0 on redlleing bal*nte And 200/0 on cost
Various rates betw¢¢JJ 10 % and 60 % on cost
6 year straigh* line
TaxAtion
Th¢ charity is exempt from corporation tax on its charttsble activities.
Fund accountlDg
Unrestricted fvnds are available for use at the discretion of the trustees in fijrtherance of the general objectives
of the charity and wliich Iiave not been designated for oth¢r purposes.
Restricted fimds Can only b¢ used for particular restri¢ted purposes within the objLGts of the tharity. Restrictions
aris¢ when specified by the donor or when funds are raised for particular restricted purposes.
Hire purchase and leA8ing commitments
Assets obtained under hire purchase contr&cts or finance leases are capitalised in the balance sheet. Those held
under hire purchase coiitra¢ts are depreciated over their estiinaled useful lives, Those lield under finance leases
are depreciated over their estima*d use￿1 lives or the lease term, whichever is the shorter.
The interest element of these obligations is tharged lo the slatement of financial activities over the relevant
period. The capita] elemeJ)t of the paynenls is treated as a liability.
Rental8 paid under operating leases are charged to the statement of financial activities on a straight line basis
over the period of the lease.
Pension e()8t8 gnd Other ptbst-retirement henefits
The ¢huritable company operates a defined contribution pensico scheme. Contributions payable to the
charitable corrlpangs pension stheme are charged to the Statement of Financial Activities in the period to which
they relate.
Irrecover8ble vat
Irrecoverable VAT is treated as a separate expense and charged to income and exp￿diture.
Fixed Asset illvestments
In the separate accounts of the Chuity, interests in subsidiaries are initially measured at cost and subsequently
measurcd arc cost less impairnicnl losses. The invcstmcnts arc asscssod for impairmcnt at each r¢portin£ date
and any impairnient losses or reversals are recognised irnmaiately in the statemeat5 Qf financial aGtivitie5.
OTHER OPERATING INCOME
Group
31J.24
Group
31.3.23
CharAty
31.3.24
Charity
31.3.23
Commercial Training
Rents Teceived
168,787
138,000
306 787
143,537
138,000
281537
138,000
138 000
13 8,000
138.000
The notes form part of these financial statements
Page 14

Maritime + En
ineerin
Colle
e North West
Notes to the Financial Ststements - continued
for the Year Ended 31 March 2024
INCOME FROM CHARrrABLE AcfIvITIES
Group
31.3.24
Group
Cb2rity
31.3.24
Charity
31.3.23
Activity
Modern Apprentice
Training -
engineering
Other income
Schools
Grants
Education & Training
1,922,536
1,966,424
1,922,536
1,966,424
Education & Training
Educalion & Trdining
Education & Training
214,528
62,500
134,358
85,000
214,528
62,500
134,358
85,000
2,237,064
2.185.782
2 237 064
2,185.782
CHARITABLE ACTIVITIES COSTS
Direct
C05ts
Education & Training
2 531389
NET INCOMEI(EXPEf4DITURE)
Net incorne/(expenditure) is stated after Chargin￿(CredItIng)',
Group
31.3.24
Group
31.3.23
Charity
31.3.24
Charity
31.3.23
Depreciation- owned assets
Hire of plant and mathinery
Auditor's remuneration
69,276
29,807
13,250
74,469
33,991
69,276
29,807
74,469
33,991
11,000
TRUSTEES, RETrtUNERATION AND BENEFITS
During the year to 31 March 2024 no trustees were paid remuneration (2023 - £nil).
Trustees, expenses
During the year to 31 March 2024 no trustees were reirnbursed expenses (2023 - £nil).
STAFF COSTS
Group and Charlty
31.3.24
31.3.23
Wages and salaries
S(Kial security cost5
Other pension costs
1,385,341
133,763
103,020
1,622,124
1,251,466
120,079
82.358
1,453.90J
The average monthly nLEmEer of employees during the year wa5 as follows..
31.3.24
45
Average monthly number of employees
45
Page 15
continued...

Maritime + En
ineerin
Colle
e NorEh West
Notes to the Financial Statements - continued
for the Year Ended J l MaT¢h 2024
STAFF COSTS - continued
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60.000 was:
31.3.24
31.3.23
£80.001 _ £90,000
£90.001- £EOO,000
TATrICITBI,F fI￿r,D ASSETS
Group And Cbllrity;
Fixtures
and
fittings
Long
leasehold
Plant and
machinery
Motor
vehicles
Totals
COST
At l April 2023
Additions
Disposals
25,000
202,423
111,870
930,170
25,143
104 375)
15,250
1,172,843
137,013
113 149)
At 31 March 2024
305,519
850 938
15,250
119A707
DEPRECIATION
At l April 2023
Charge for year
Elirninated on disposal
25,UOO
149,714
678,443
55,231
104 375)
1,483
2,542
8S4,640
69,276
113 149)
At 31 March 2024
629 299
810 767
NET BOOK VALU
At 31 Mar¢h 2024
153 076
221639
At 31 M&rch 2023
251727
318203
FIXED ASSET INVESTMENTS
Group
31.3.24
Group
31.3.23
Charity
31.3.24
Charity
31.3.23
Investments in subsidiaries
Shares in
group
undertakings
MARKET VALUE
At l April 202J and 31 M&r¢h 2024
NET BOOK VALUE
At 31 March 2024
At 3 l March 2023
There were no investment assets outside the UK.
Page 16
continued...

MaTitime + En
ineeTin
Colle
¢ North West
Notes to the Finan¢ial Statements - continued
for the Year Ended 31 March 2024
FIXED ASSET INVESTMEiYfs- continued
The cotnpany's investments at the balance sheet date in the share capital of companies include the following".
MEC North West (Knterpri5es) Limited
Registered office..
Nature of business.. Provision of training courses
Class of share:
Ordinary shares
holding
loo
31.3.24
31.3.23
Aggregate eapital ond reserves
A summary of the financial staternents of the subsidiaries is ',
31.3.23
31.3.23
Turnover
Expenses
Net profit for the year
168,787
{168,787)
143.537
(143,537)
Fixed &sset investments ar¢ stated at cost less provision for diminution in valu
Maritime + Engineering College North West also has two dormant subsidiaries, The Engineering Colle8e
Limited and The Engineering College Enterprises Limited.
io,
DEBTORS: AMOUNTS FALLllyG DUE wIfiiiN ONE YEAR
Group
Jl.3.24
Group
31.3.23
Cbarity
31.3.24
Charity
31.3.23
Trade debtors
Other debtors
PreEyayment5
Accrued income
Amounts owed to group
undertakings
110,601
117,263
900
71,718
355,947
82,989
90,017
900
68,445
355,947
21,517
91,911
474,656
86,344
474,656
33,213
677 168
545,828
677,202
536 826
ii.
CREDITORS: AMOUNTS FALLtNG DUE wrrHIN ONE YEAR
Group
31.3.24
Group
Charity
31.3.24
Charity
31.3.23
(Xher loans (see note 13)
Trade creditors
Social security & other taxes
VAT
Other creditors
Accrued expenses
27,907
40,389
69,320
4,494
9,298
8.235
65.861
31,898
2,277
7,709
29,540
130.677
27,907
40,389
09,320
4,494
9,298
40,178
191,586
8,235
65,861
31,898
2,277
7.709
191586
136,520
Page 17
wntinued...

Maritime + En
ineerin
Colle
e North West
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
12.
CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR
Group
31.3.24
Group
31.3.23
Charity
31,3,24
Charity
31.3.23
Other loans (see note 13)
111259
111259
28,431
111259
111259
13.
LOANS
An analysis of the maturity of loans is given belov.
31.3,24
31.3.23
Amounts falling due wtthin one year on demand:
Oth¢r loans
Amounts falling dlte between two and five years:
Other loans - 2-5 years
111259
14.
LEASING AGREEMENTS
Minimum lease payments fall due as follows".
Non-caneellable
operating leases
31.3,24
31.3.23
Within one year
Between one and five years
26,765
48,921
23,242
48,385
71,627
Page 18
continued...

Maritime + E
ineerin
Colle
e North West
Not&s to the Financial Statements - continued
for the Year Ended J l Mard) 2024
15.
MOVEMENT IN FUNDS
Net
movement
in fijnds
At l.4.23
At 31.3.24
Unrestricted funds
Genera] fund
1,097,989
12.462
1.110,4SI
TOTAL FUNDS
1,097 989
12,462
I,11￿451
Net tllovement in fi￿ds. included in the above ar¢ as follows..
Jncoming
resources
Resources
expended
Movement
in funds
Unrèstrieted funds
General fijnd
2,508,501
(2,496,039)
12,462
TOTAL FUNDS
2 508 501
2,496,039)
12,462
Comparatives for movement in funds
Net
movement
in fi￿dS
At 1.4.22
At 31.3.23
Unrestricted funds
General £und
1,055.008
42,981
1,097,989
TOTAL FUNDS
1,055.008
1097 989
Comparative net mov¢rnent in fund5, included in the above are as follows:
IncoiDing
resources
Rtsources
expended
Movement
in tijnds
UDI'e5tricted funds
General fund
2,421,496
(2,378,515)
42,981
TOTAL FUNDS
2,42l,496
2,378,515)
42,981
Page 19
continued...

Maritime + En
ineerin
Colleoe North West
Notes to the Flnancial Statements - continued
for the Year Ended 31 March 2024
16.
EMPLOYEE BENEFrr OBLIGATIONS
The charity operates a contributory pension scheme. It is a defined contributiijn scheme and ¢ontiibutions are
harged in the Statement of Financial Activitits as they accrue. The charge for the year was £103,020 (2023
£82,358) and at 31 March 2024 pension contributions of £9,298 (2023: £7,709) were payable and included
within other creditors.
17.
ULTIMATE CONTROLLILYG PARTY
The company is controlled by the Board of Trustees.
18. MEMBERS GUAIL4NTEE
The tharity is a company limited by guarantee and has no shar¢ Capital. The meM￿r5 of the company are the
trustees named on page 4. tn the event of the Charity being wound up, the liability in respect of the guarantee is
limited by £1 per me￿ber of the charity.
19. LONG LEASEHOLD PROPERTY
The Company operates from a long Ivdsehold property, under the terms of a 125 year lease (subject to a
peppercorn r￿t), which comni¢n¢ed in 1999. This lease is treated as an operating lease.
Page 20