RECISTERFD COMPANY NUMBF,R.. 010073.V (F.xelaDd Wales REGISTERED CHARITY P•UMBER: 508775 rt tsf tht Trnstet5 And CoDSolwlated Financial StateTheDts 2•2 ror Huberside E etriD TrxiDi Assoti*tion Limited Ststlltory Alldiiors PrinLes Hou¥e Wright Sireet Hull East Yorkshire I IlJ2 8lIX
Hurnbtt51dt Ineerln Tralnln As50cialion Limited Contents of tht CoDs01idgled binantial Statemeits for the ear ended 31st A ust 2025 Pg¢ Report Dfthe Trnsttes I to 12 R4bOrt of the Indendent Alldltors 13 to 15 Cowwlidwtrd Statm¢llt of Fithancial Activities 16 Con5011dated Balanct Shtet 17 CompADy Balante Sheet 18 Consolldxted Cash Flt)w StAtethttst 19 Notes tv the Con5011dated C5h Flow St¥t¢wtnt 20 No¢ts to th¢ C'.oMsolidattd Flttantlal StAtsmtDt$ 21 to 29
HumbeTsidc ED e¢rin Tr•inin Assoel•tlokn Limittd ort of Ihe Truste¢s 'ear ended 3Ast Au st 2025 for the The twstees who are al80 dir¢¢tNs of the chayitv for the putposes ot'the CLtrmpaThies Act 2006, present their repuri with the financial statcmcnts of thc group lor th¢ year cnded 3l5t August 2025. Thc tte¢S havt adood thc provisions or A¢couniing and Rcporting by Ch#riiies.. Siai¢ment of Recommended Pr8cLi¢¢ appli¢able io charities preparing their accounis in accordance with the Financial Reporting Standard applicable itl the UK and Republic of Ireland (FRS 102) {eff¢clive l January 2019}. REFERENCE AND ADMIT415TRATIVE DETAILS Registered Company Dumber 01007353 (England and Wale51 ReEtstered Charlty 508775 R*gLsttrtd oifict 27-31 Dansom l.ane Hull HU8 7LA Tru5t¢eJ L C Palmer- Chair R (rtsigrhed 2811125) 'l- m0ttehed E J Grccnficld D J Oliver M R ljrunion B Flouston J M We113 Mrs K A JohOn Mrs K Robinqon S T Dealing L J Drury laptK)inte£l 22n125) D l Richards (ap]nted 2217ll5} CompaJJy S¢¢r¢¢ary Auditors Sadufskys Slatuiory Auditors Princcs Housc righl Str¢¢i Eist Ynrkshir¢ HU2 8HX SDlrEitor5 Bridg¢ fvlcl.arland l Marina O)urt HIII 2A/. Page I
Humberside En etrin Traini Assocltlon Latted Re rt of tbe Trustees for the ar ellded 315t Au usi 2025 Expertlse, experience, eapabilities of HETA 111.:'l A 1$ a not-for-profit (Tharitv 'Liroup I raining Asso¢iatiOn" ¢8tsbli¢th¢d tn 1967 ivhi¢h now from 3 wholly owned sites. Dansom L¢ (Hull). Pioneer Park (GTiMsbv) and Foxhills (ScUnth0e) to serve e]nployers across the Humber Region that operate in the engineering. martufdcltsring )d process industrie5. Thc GTA model stLII cxÉsts in namc but in rcal tCrn15 the company opcratC5 a5 o comrncrc2ally focused but not for profLI Iiaining PTvNryd¢T wilh a FEICharilabl¢ ¢ihu$ that s¢rv¢s uur ledrn¢rs and employ¢n ensure we d¢livLT Iraining #nd education thal ivill med the 5ki11s needs of tht region. Governan¢¢ is proi'ided by a 8roup of TnLStees who meet six times per year. The currenl Articles of Asso¢iation were revised back in July 2024 to better reflect t]Je ne for flexibility lo recruit more Trustees. HETA currently cmplovs aTouThd 80 people across the three siles with a lurnover in excess of approx. £7m pa. Our real ¢siai¢ is whollv HETA ha¥ be¢n SU¢V¢Sblul in paying down som¢ of th¢ ¢utr¢nt d¢bl that w&% u¥¢d lund th¢ dthelopmcni ot- the training eentr¢s. -the busines8 loans OTh 8cunthorrK and Ilull were paid off in Dtcember 2024 and July 2025 respcctii'ely. IIL-IA currentls, trains and a55es8es in e%c¢s5 of 61X) Lngineering IvJrners per yegr acro45 levels 3, 4 & 5 and delivers 'in-Ivnrk-' Iraining fnr approximately 150Q adult8 ta over 350 client comrkmie% acn)88 the Y()rk8hire and Humhcr rcgiot). HETA also delivers training contracts for cmploycrs who have multiple site5 across the UK and by ¥ting With 5ekcted partners, 15 able lo off¢rr¢5id¢lltial awornTnodJlivTr l¢aIn$. ORIECTtVES AND ACTtVTtIES .1 o advance the theoretical and i)racticaJ education and training of persons engaged or intending to be engaged in the enginc¢ring indu%tri'_ Tbe HETA vision ij: To be the lekdln neerlD irrrntnts. traADln vider delivtriD exte traini th t eoTrl all meet5 We will provide trainees ivith the qualifications, skills and workpl¢ experience required to obtsin sustained emplO¢t and obilities reynd to the thanges ¥ross our core industri¢s. HETA will guld¢d by follow tbe foll•wlDg 6 $tf4t¢gk ¥lm$; A. To maintsin th¢ work rryuird io b¢ an Olsil grad provider rM¢¢d Good or Good with Outslandin¥ f¢alur¢s. B. To be the engineering training "Provider of Choi¢e" sS the Humber region designing and delivaing high quality skills training. C. To rcducc our relian of public funding in the PLwsuii 4)f ¢omm¢r¢ial in¢4)n)c ivhilsi maximising ex1]ng ESFA ¢<trac1 valu¢s. D.'lo reduee (Fur level of 4¢bt and iD¢r&ueour cash ru¢Th¢s. . To be an "EmployEr ol Chijice" and to Lreate a Pusilive 'urking enviruttmenl that uenerdie4 enLuurages and Jxomotes quality of opwrtunily for all 5tsft.and 15 creaiivc and cntrLTrreneurial that will cnable the businc55 to groiv. F. To monitt)r lh¢ skills ne¢ds a¢r()¥s the Humber re8ion respond io meet thatd¢mand. Pasc 2
Hvmbersidt Ell TraiDiII A550clailou Limited OWEcfIvES AND ACTIVITIES- tontinued W¢ will be driven to 9tbieve the followiBg top level Key Perforn4nce IDdlctors' l. Incrra%c in turnovcr in liD¢ theoverall three-year flnancial plan. 2. Deliver an annudl yurplus re-invest in th¢ Iwsine&s of t)0 less than 5Vo per annum. Maintain a Self-Assessed Grade of at least Go1 (2) Mi¢h Outstsnding fealvr¢s'. Agree 2nd achieve annual lar8ets for recruitmentlret¢ntion und (Jalifiration ArhicvemI Raics (QAR) that are ivell th>ve national bcnchmark5. S. Mainlain and increase our rnark¢t share of Advartcth Apwenticeships using F.SFA annual data th agrce lar8cts and measur¢ our p¢rfomionc¢. 'Pleffje pwlerfh41 ¢he Ofsiedgpodlmg slructhre ho¥ bÉtn revlsedrtndchowd Mrffh e]leelfromseptether2(l25. STRucrU GOVERNANCE AND MANACEMENT Charlty tnltutIO l1Je Company 18 limited guarantee. Tt M'as incorp)ratcd on 7th April 1971 undcr the Companie5 Acts 1948 1967 and is ¥vvetn¢d by i(s m¢morJndum and Ariicles of Association a5 amended Sq)lemr 1980. April, 1995 Ma) 2021. A furth ameThdment wa5 approi'ed h)" the HETA Board ot'TtUSlets in Jul). 2024. Recruitment awoiDtmeDt of tru5¢ee¥ HETA aims lo d¢velop and tnJinlain a diverse group of indiN'iduals that ivill support the aim of ihe compan). TTU5tC¢s are idcTh¢ili¢d and r¢¢ruit¢d ba] on skill set and experience. No one i¥ enli11 #¢t as a Trustee %i,hether on aptx>intment or on any reappointmenl uniil he or 5h¢ has Expressly acknoiyledged. in whatCVCT wa). the Tru51cc d¢cidE his OT hci J¢¢4)tsn¢e of th¢ oflice of I'ruslee atm4 Membtr. Th¢ app)intment ora Tnlee musl nol caus¢ th¢ numE¢r ofTru$t$ kn exceed any numb¢r fJx¢d as the maximum number of ThLStee5. The laiest Articles of Association make ¢lear r¢f¢ren¢¢ io th¢ p¢riod of lim¢ thai Truslees will be ap]xTrinled Éor. I'h¢ lai¢st amendm¢tt¢ to th¢ Article% of Association now show5 that thc maximum number of Trusw%s be¢n in4x¢wd to 15 people. Orggnis#tloDal strudure The Bo¥rd mct six times during lh¢ )'esr. The meetings Vyzre concluda using a Thybrid. rno(kl OVLT iN)th vidw Wnfixth1n$ dnd [4. ty¢ w f¥Le. This model provided members with a more ¢ffiri¢nt ivay to Tne¢t and increased Wdrticipaliun. HF,'I'A is oime¢n h). the Bthard of Tru5tccs. who provide strategic dirtciion and goilernwJ¢¢, while the day-tsHlay mgna8¢meiit and orerational dec15ion-mak1T uui by th¢ ChiefExe¢u¢iv¢ and S¢nitsr Lead¢r¥hip Team. The 8enioT {Stralc8ic) LdCrsh1P Team ISLTI for 2U2V25 ¢ompris¢d the followins members: Cbltf Ex¢tu¢fv¢, Dtputy Chlef Exeeutfve, Hum8n Resoue& Manager. OperatioD5 MaN*ger Sjlej Marketing Manager, Head of Quality and c4rritu1rn DEvelopmeNt Page 3
Humberside En Trainin Asso¢latloD Llmli¢d rt of the Tru5tee$ tnded 31st All 5t 2025 ror tht STRUCTURE. GOVERNANCE AND MANAGEMENT- ¢ontinued In turn, the SLT 15 suPrted b). an experien¢d and l'e abl¢ manag¢mentteam: HeAlth alld Saftty Manager 2 x CeDtre (turriculllm) lIagerS FS¢ld T¢¥m .1¥g¢r Cvrrleulum Mn#ger Higher Edueatloll IT Support MgnAger Mg4llAgement Accountant AdmlDbtratloD M#D¥gtr Teachlug L¢rDirtg Improvew¢u¢ hlD¥ger {vacant) The Management of Risk HETA has adopted a Businos5 Risk R¢gislCf IBRJi} and thc Board will r(Yeivc UFrfJak5 on each arca of risk to a55e&% the approprÈalcn¢85 and robusthess of th¢ COlltro15 being deplo>'ed to mitigate risk. The BRR is rei'iewed periodicall). by the m¥nag¢m¢nt l¢am and al sub-iward cotnmillee ffltetings thaired by a HETA Trust¢e. Policy on ReseeS The ¢hariti' Mryll aim to hold, non-commilt¥d: end of year Lth resee$ of tl I$ ihan 5(M and not mor¢ than 150Yb of the total annual staff and contractor employment costs. The resetve$ policy remains a key aspecl of financial health, btst the Trust conlinuc to rci'i•¥ th].5 annually. 11Jis formula iyill enable the directors and management of IIL-IA adequate conlingency tund5 to deal ivith significant Yari¥ilions of )'ear-tts-)'ear business a¢¢ivifi'. In additiort, Ivhilst th¢ res¢rnes poli¢). exists, the board of 'lrusie¢s a¢¢ept de8r¢e of fl¢xibilil5' is required to en8ag¢ ivith strategic projects 5u¢h as th¢ d¢v¢10pml of real esiot¢. At thc Balancc shect date tht unresiricted t&sh re%cThes repre%ct)tcd 210/ {2Q24.. 25%) of th¢ 5,&'S employment cnst% (including subcontract instructor5 and excluding HATA apprentices). In linL Wlth thtir th'crsigbt ofihe resen'es FM)licy, Ihe-l'rusttes approved an ex¢¢ptional dls1On to pcm)it res¥,¢$ lo drop b¢low the larget range to enable the con5tructioll of the neiv centr¢ at (irim5by. IIL'I-A has a number of strate8iC Y4ims lisled aboi'e of which ont Tclat¢5 to levels of debt. -70 reduce our level OAde and Increase our cash re5ernes" RbuIlding reserv¢5 remains a challenge as w'e ne£d to scrvice ongoing optIOnal c4)st& Re%rves for 2025-26 and 2026-27 are forevfj k) at 32Yo and 44Vo respti1..e1), attd rising its subsequtht y¢8rs ¢aking HETA back withio th¢ iolerances (shoivn aknvel allowed it) thereserves lIcY returning lo 540/• in 2027-28. The current rcseTr'e% Tcflect a morc prudcnt approach to managing debt in that the Bnard have chnsen to 'olrpay. on Tnonihl), capits] pai'mcnts t]iat has Subsequently alloKTrul HETA to Teduce the overnll debt level resulting ill two bank loans to be paid oft LM)rnpletely. This now that HETA whully vwiJ5 tivo out of thiee training centTe5. Page 4
Ilumberside En ineerin Assotiation limited for the l'ear ended 31st A st 2025 KEY ACHIEVEMENTS AND PERFORMANCE Fumditsg aDd Fundr4blng Actlvitles Income streams al 111:" I-A are structyred in 5u¢h a to provide some degree of financial security and sustsinabiliry thal allow5 U5 to reini'esi in the best *a¢hing ond lewning fa¢ilitie5 and working cnndition% for %taff. ID simplt terms we to maintaith four5trands of rev¢ Keneratiott. contraed fundiThg from the Department for Uucation to 5UPPOrt the delivery of furKied pmgrammG% includin8 Apprentitt5hips 16-19 Study Pro¥rammes. H]h¢[ EduLalion thal is paid for , emploj'ers to deliver the Iligher National C.'ertificate and I)iploma. Commercial training courses to upskill thosc a]rcady in thc laiKiur markcl paid for by cmployer5 and indiNidua]s. Additional grani funLling from diffenI sour¢es designed fund new provision, a¢quisition of new eq¥ipmenl IrdiniTLg resources and di¥trele inter¥'¢nlions l() supp)rt )'oun8 people. HEfA has ¢ontinu¢d io deliv¢r a significant number o( trainin8 and educalion pro8rammes to our diflerfflt Lli¢nt sroups thai have geneT2ted income w suprMTrrt the continued 8roiith of the rharily. Thr5¢ include. Level 3 & 4 Appr¢nlic¢5hip5 to both 10-18 194. l¢arn¢rs- £5,398k Stud). Prograrnme ('I'raine¢ships) for unsponsored learn¢r$. £255k IIL. PTogrammes- £538k Adult UP8killing c4)urscs for Ih05c alrcady opcraiing in thc laknurmurket- £969k Other it)c4)mc str¢ams- £459k Overall income year on year is £7.619k12U22S) against £7,410k12023-24) Jn delii'¢ring these vario5 xliN'ities. the company ha5 generakd an LIaling &lpIus of £761k- a smll iniom¢ uplift of3% yearon year. HFfA has conlinucd io invesL in the business lo ensure that learners and employers g¢t the best ¢xperien¢e p)ssiThle. Inveslmenl in new, assets for the year was £524k. Page S
Humberside En neerin Traini A5s0ciatiOD Li]niled rt of the Tru5tee5 for the ear thd¢d 31$¢ ust 2112$ KEY ACHIEVETrIENTS AND PERFORMANCE- ¢ontinu¢d Income DiveTsificatio It is vilal thai HETA folloivs a plan ts div¢rsity incom¢ and noi b¢ solel) r¢lianl on th¢ cor¢ funding trom Ihe Departments. Ivr Educalion and Mfork & Pensions. Our commercial trdinin¥ Lourses have srom'n sltradily with the expinsion ofouT sales and rTwketing funGIio]L It is imw)rtant to no¢¢ in addi¢ion tn ¢omm¢r¢ial $2le8, tha¢ thi8 team drtv&% the recruitment pro¢¢ss for iM)th our Level 3 nded prr)grammes and our Highcr National educatinn pro8rammes thai are niainl>' fee pa)'ing rathcr than govemmenl funded. To sirengthen these fundin8 stre¥ms, HETA IHS benefitled from addiuonal fuDding Irom the LoLal Skills Improvernl l.und via the Departsneni for Lducation. Comparing 2023124 to 2024125. like other ITP'.4 and emplovers, HETA h#* some difficult trading conditions. Th¢ detision to intrease National Insurance Cnnlrihuiions Cost £30k. To1 inwmt has InGrus b). 301• year un }¢ar, bu¢ iulal cosls hai'¢ InCr¢a5 bv 6•A mostly du¢ lo incrtase in sta1n¥ costs tsf IO•/• laddilionaj 6 sial]-on ai'era¥e month compared lo previous vear plus h 30h pay increase) plus Lhe incrca5cd usc of cxlcrnal rccruitmcnt agcncics to find ncw. slaff. One positive is that our utilities costs decreased by 12Y• year t)n y¢ar afttt the big hike in tJi¢ Previous year. Out olArea RetrnitMeI As p¥rt vf our ¢xpansiun Hnd plans, HETA Lunlinu¢s tLTr r¢biuil l¢HmeTb uulsid¢ ofih¢ Hun]bff regiun. In 2024-25. wc werc successlul in allracting employers and the learnLYs trom West and South Yorkshire, LoThth)n & K1, Lancashirc, West Midlands, East Midlands and the South East &W¢5t of Lngland. Watsons Trust l-'stsblished in the l.Ast Riding of Yi)Tk£hire. the l TU%t 1.% nm¥ 3nll Years old m#krng it ththe of the (Jlder chaTlties in the United Kingdom and to thi5 da>. il continucs fulfLI thc charitablc Obj¢cti¢5 of ils found Mrs Ann Watson. Along with uther charitsble aims, the trust seeks lo makc granls (or the advattcemthi ofeduLation ot'yOUn8 peupk utmkr 25 ycars in Hull and thc Fast Riding of York5hirc. In 172U, Ann Watn.5 Will established a'l rust to improve the educational oprthunities of local children to improvc their employthilit)- and thi% remain% a key objeciive of the'l'ntst to this day. All beneficiaries of a grant must bc under 25 years of age. haTre lived in Hull or the Easi Riding Of Yorkbhire and be titt.[ cutTcntl>' allcndittg or havc dlltndcd a school in thal arLa for ai ltrdsl thrce >'cat&. The Ann Trust has pJDir¢d w b¢ inval1¢ to l¢arners, pe¢la11)T those from low-ift¢om¢ famili¢s, providi08 essential fthaneiJl support io ON'eTcome b8Jriers such as transrt, equipment, and liNin8 Loss. This asstStaJe empowers them to hcus on their trainirtg, openittg dr8 to life•chanEing oprMitIeS in engineering career%. Funding ivas used to 5UPPOrt our Traineeships. This group of learners follow a Similar paih of Stud!, io the paid appr¢nti¢¢s hut receise no wage other than 3 Small am(Trunt of money ta Teimhut5e Iravel cnsts. 2024125, HETA su¢t¢ssfullv uiilis¢d Ihe.4tm Watson Tnw fuDdin8 ts) sijpwrt 19 ltrJrners a¢htei'inR • 96Yo prtr¥iession iaie inlo emplovmeDI appretjticeships wiLh presti¥ious companies such agDailuku Lo¥an, Crans%vick FoDd5 and Amentum A.K%el golutions. Page 6
Humberaide E neerin TraiDiD AssociatioD Lljlllted rt of the Trnstee5 for tht ThY#r tttd¢d J 1st Au ust 21125 KEY ACHIEVEMENTS AND PERFORt4.IANCE- tolltinued Know'ledge Transfey PartDer5hip One of the key obj¢cls lor HET.4 is.. "To u¢lvapKÉ ille iheuygliculudprUc¢$Cal edHcul1o irotnitsx ofpersu$ eiw(tged r inlellding lo he engagediii ille ¢ngine¢r4ns industy The Lhariiy must cvnlinually flnd inTLOi'ativ¢ ways to both V¢¢ and to rais¢ fimds that rther those objects. HEFA ha5 ken able to instigate a high-te¢h parts)ership that will develop'digital twins, to help engin¢¢rs replicate real-lile training s¢¢nwios. This is a Thi'o-l'ear coliaknrdtion bdween industry academia thal iY211 give busiDesses high-L'h access L() full-seale Production rigs Wlthout disrupling their own pr¢mi5e5. plant and manufacturing pruc¢55¢5. Th¢ Knowledg¢ Transter Partn¢rship IKTP) between Humberside Engineering Traintng Association {HETA) th¢ Un2v¢rsit)' ofHull will creaie digital tM'ill5 of ¢KjSting trainin8 Tig8, ¢nabling bu$inesses to try neiv tdeas with iero risk to th¢ir ¢urr¢nt sysiems. HETA #rhj the lJnivwsity both see the venture as ¥ commercidl opp)riunity which can suptxTrrt enginttring pro.jeLts across the Yorkshire and Humbcr rc8ion and Ewond. Their £onfid¢n¢e is shgred b), UK R¢s¢dr¢h and Ijmovtstiun (LKRI}, which has commiitsd funding f(Y the partnership througb Innovaie UK. HETA inv¢st¢d in the riss at its Hull headquaners fil'e )'&Ys ago a5 additions to its indu5ty slandard facilities fur IvdinrTS and cmploy¢r5, and partÉcularly thos¢ Working ITh petrochetnicals acTOS5 the Hurnber. Part Time Degrets @. Hutl Univtr$lty FolloiYitJ¥ on Ln)m this, Ivc hai'c been succ£ssful in developing another paTlnership ivith Ilull lJniversity- It h&8 a long-hcld ambition to able to proYid¢ edurutional progr¢k4ioD io young 0p1¢ from Ie] 3 thr()ll8h tn Degree Level 6. lorking M'ith the S¢hool of En8ineering, HETA will noi¥ be able to offer our leamers the opportunit), tu prosres5 onto a part time degree from 8qrtember 2026. Pa8e 7
Ilumberside En eeri Trainin A5$0el4tioll Lithit¢d ust CHARI'I'ABLL ACTIVITIES Fuifjllang our tharltable ethos- Gettlni People into Work and working with Schools "HETA l¥ • traillln idtr ¥nd i Job Broke,. Traineeship5@IlETA are * 'Ctbrnerstone' programthe of t¢¢hing Ind lenbkng Thd d¢moDMrnte 0r commitmeTrt to deve]opiDg young people and to eD5ure our client b&5e atce55 high quA]ity job appJicaDts. In 2024-25, HEfA Loljtinucd lo sceure cmplo)Thcnt tor a significgmt numbcr of >'oung pcoplc acttn8 as a r¢cruit¢r for etnp14)y¢rs. Thi5 appro#¢lL essenlially has iiwo fa¢eis-Trnine¢ships {Sludy Programmes) #nd Sponsored Apprenti¢e5hips. Study ProgronNvs are a specifjc funding Strearn from the Department for EduLxiion-£or ease of undcrstandin8 HETA continucs refcr lo them a5"TraineeshLP5'. The TTaine¢ship is designed ad as a path1v8 into ¢mplovm¢nl, an appr¢Ni¢¢ship or fvrther learning. 'llJ¢ ¢nty crileria and d¢lii'¢ry quirements are fl¢xibl¢, HETA uses the Covernmenl's Sbjdy {Traineethip) Programme to widen participalion and to ensure small tsi m¢diutn emplo!'¢r% cart access suilable Apprenlice5hip candidates Mqthout hIng Lo commil to paying a whole }'¢ar of 'off the job, Iv38cs. HETA is t)vM' inlv lh¢ 12th yvar ufd¢ltv¢ring vo prv¥r4mm¢ hds iidopi¢d a model thdL is fe¥drJe4t as being exemplaTh practice which sees Joung people being exposed to Ixith trade and cmplo}'ability skills with progr&%siott into a job. The comp8ny receives a significantly l(Ner funding amount that Is far le&s ihan ihe core fur)ding for an A(fvan¢¢d AppreMti¢¢shtp. Wt purwstly deliver 2 muchwenhanted Itarnirtg ewtiertce that 1% covered bj the funding alloLation. In short, HETA oi.er d¢lii'ers in order to maximise employment opp)rtunities for youn8 people and to ensure thaiemployers have aLxess to a talent pipeline. The f•lloiving dta shows the sucttssful outcome for the TT8oDeeahip programme xt HETA: 58 out v168 ¢nin¢¢ships w¢ni on lo a 8u¢c¢ssful oui¢om¢- 85°h. 52 out 0168 traineeships NY¢nt on lo an appr¢ntiGcship ivith IIL'IA- 76° Page 8
HberSidC E eertn Tralllln A&wciatioll Limited rt of tbe Trustee5 for the tyf#r ended 31st A t 2025 CHARITABLE ACTIVITIES- continued Markrting & Support Being tyart of lh¢ comn)unit}' is i'itsl HETA, relle¢iing our commitment to p[>rllng and inspiring local initiatlWe5. OtL¢ i¥a5 hi¥hlighiing th¢ synet¥y beii¥een sports and engineerIngth derndIng leamworkj pr¢cisjoii, and perseverance. We proudly sponsored clubs Such a5 South Caiie UTLder 7$, and Myton Warrior4 with the Under 7s 8iVll18 ba¢k through ¢harity wirk with a local foodbank. Additionally, we sponsnrtd a %ummer fatr for the Springhcad School Association who specialL5e in adii'iti¢S lor SEND Learners nul able io acL¢ss mainstream duLaliL)n. In Dcccmbcr 2024 we rais¢d mono, tor Shelter an organisation ivhos¢ campaign for Christmas was lacklin¥ homclessness for voung pp]e. Wtlfare ftsr IArDers and Stair HETA seek5 to delii'¢r th¢ tKbt Po]bl¢ l¢iimin¥ ¢xpetien¢¢ for younK pp]e, hoever our aim is to 5UPPX)rt our l¢aniers in a n)re holislic mdt)ner. This inLludes supporl and education around physical and mcnial hcalih. In somc cascs, Ivc provide fin4n¢ial support to buy unifomi, ]']- kit and we mana8e the trdTr'cI allowanLe5 for Siudy Progr8mmes ITr¥tneeships). A number ot's¢aff haN¢ traind &$ Methtal Ilealth Firsi Aidcr.$ and attend update scs8ions around MH issue5 so w¢ can better SUprt l¢arnets. As part of a more ruurtded appn)dLh lo the Cuturt ivellbcing ofihe younger learners lJl--'IA self-funds and providL% a progrdmme ol"infonnation. training and counselling around the i.ssuLs of; Diet Alcohol • Drugs Mental hcajth issues- iv¢ now hai'¢ ]nents] hrajth 'Fin( Aide]s' embedd on ea¢h site Fitness Teavn Wvrking CoJnmwLi¢atiOn Skills Safeguarding and ihe"Prevent'- (from radiLalisation) siralegy Our 818ff are HETA, thcy are our greatl asset and the iniresimtnt in findingj re¢iviting, Iraining and r¢i&ining the best pwpl¢ remainb a wrn¢rsiun¢ olthe business. OUT ain) i$ ih#( th¢ employment conditions at FIF.TA for exi51ing aTbd txjtential stsff, 1.8 regarded as being gLN)d enough io make u5 an "Emplo}. of Ckni¢e" 'rtmi% Of emp1o)'mLt irKludc', ,Salaries thai are compclilil'e lo lhg Posi 16 eduL'alton se6lor Generous le4ry¢ enliilemenl lorihos¢ iviih caringrgsportfibiliiies Pri¥cile H¢&lih Coiier cnirIblorys1o scheme Life Iwuranoe lury sacrifiee $¢hemes Si¢bsidisvdLtsieriiigfuc'iliiies Vage 9
HmberS1dt E Dterin Trinin Associ8tioD LIlted rt otthe Trustee5 r ¢hded 315¢ A st 2025 for the CHAIUTABLE ACTIVITIES- tontlnued Weif&re for LeArners Staff -tonllnued Th¢ ¢rUitrncnt market remains a cha]lenge acri)35 mosl bu5inC5s scdors dnd HETA is no txLeplion. The ¢ompany is mindful of n1)rnl '¢hurn' via retirements and re5igMtions and as such adopted a rnorc proactive approach to recrnitment. B) ulilising a range of tactlcs lo rrUit and to try. and wC£10n pian (for retire&) it beeTS posible to recrnit some excellent repla¢¢ment S¢aff. Hoii'ever, the in¢reased use ()f ¢xtrrnal r¢¢tuiiment agenci¢s ha be¢n g ne¢¢ssity resul(in8 in much higher expenditure on recNitmem fee5. IILI-A continues ¢0 inv¢0 in stsff d¢vcl(>pment %trllthJred Conlinuous Development Days, online trainin& teher training from Levels 3 to 5, exlernal u'ents: wcbinars eiL'. The mPanY also iri¢$ lo l>alan¢¢ workloads with home commitments and aims to be a famity friendly employ¢r SUPFOrting those with carer responsibilities. InfonnatloD, Advite and Cvllidantt Ellg#gemeDt & Olltreath artivities HETA continu¢s to prowde an annuJl L)'cl¢ ul tv h(m)IS around llltot JAG) to )'oun¥ people. These aLtikilies are both L0511)' and labour inlensi%'e 'iih a number ol'diffcrcnt slaffbcin8 dcplo)cd 10 dclivcr ihcm and rcceiving no extra remun¥¢10n. The d#tra tsble lOW pro>ides d¢vail b(>ut Ihe acLiviu¢5 ¢aled out by HETA in 2U24-25 and ive are ri8hil)' proud to have been able to increase our IAG artivity yw )'¢ar ivith ¢xtra rt%OUT¢es_ School F7slts NerIA6 &clivilies,' OverAII Delivertd Attivitit5: 192 cquales 10 +30 &iivities last year Sthool Vislts: 134 equates 10 +10 actLI'lttes sinct last )'ear Colltge Vl$lt$- 18 equaies tn +3 3cijI'ili¢s sintc l&%1 ytar Comlblntd S¢hool •ttd C•ll¢g¢ EV¢ts. 28 ¢quatC8 to +10 adivilic% since last year LArgÈ Evemts.. 12 14EI-A recognisC5 th¢ need io engag¢ with sthwls acrv55 th¢ gIn and b¢yond? going oul li) Suuth Yorkshirl Jnd tir¢aler Linc4)]nshir¢. This encompasses a ran8e of different unique and annually reptIttg activiiies that arc d¢sign¢d to inspire, inform and engag¢ and ¢n¢nurage young people ii'iih ihe Aim of in¢r¢asing tske up for STF.M programmes al HETA and other providers. Pa8c 10
Humberslde E
nterln TralThlD
Association Limited
rt of the Trustees
ar ended 31st A
for the
St 2025
CHARJTABLE ACTIVITIES- eontlDued
lnlonnat1o Adviee Guidanee EngagemtDt & OutreAch *ttivities- tontiVed
Below are 50m¢ ¢xaniples of the ivork we do to promote tEchftical education, widen Pdrticipation and increase life
chances foryoun8 pcoplc.
Sondary S¢hool.. D¢v¢loped a practical ex#cis¢ bas¢d on problem solving in th¢ renvableS s¢ctt)r. This w&%
designed to U.haTd 5ki115' as well as cominunication and kamw4)rk. We hai'e deliver thi.s se&sion lo over 30
h(MJl gmup% UCTOSS the region
6th Fomi College.. Larse careers fair hosting students from other local schools and colle8£8. Over 700 attendees and
70+ provid¢is pr¢s¢nt.
Skills l.or l.ife Apprenticethip l.air at York Racecourse.. Visited by local %chools and crJllege5 well as parenL
visiting 1th their childr¢n later in th¢ ev4)in8, rUSed s(Il¢ly on appr¢nti¢¢ship patha},$.
Doncaster chnber.. :'Opponunilies Lii'e": Large careers fair h051ed for schools acr05S the region lo i'isi( and engage
Ivith cmplo}'¢TS and training provid¢rs.
Civic Cenlre ITllmingham'. Event for those seeking or ¢xplorin8 the PK)5sibility' of # ¢are¢r chang¢ to
¢ng38¢ with emplo}'eTS or training proN"iders thffeiin8 apprerttiteship pathways into a neiv indusiry.
Ski115 Hurnbcr & East Riding.. Ei'cnt ty)slcd by Opiimus EdUtiOn ai Hull Univcrsyly to allow s¢hools from in
ihi ¢rily to ¢n¥a¥¢ wilh ¢rnpluy¢r4 lrnuiing providers ¢olleges wnd uni¥¢rsiii¢s. A¥ro8s 2 days we ¢nyged
wilh Y9110 sludenl>' fwm a K'ari¢ly of ychL)oI&.
Ilumiw Stem l..vent.. r..i'eni hnsied ai C'roven Park fTrcus¢d M en8a8ln8 primary schnol udent8 itt S..m activities
hosted bv emplo}'eTS in STEM and Ining provider5 such ourselves. We M'eT¢ tasked M'ith creating a 45 minui¢
session for tt)ulliple &Lhools throughout Ihe ddl. StudL1&. IverE provided with d r¢wur¢epaLk, gii'tn d presenlalion
on STEM carecrs lirthed to HETA'S provision and tasked iviih buildin8 a rac£ car trorn LardboaTd componcnts.
ScwboTough S¢ien¢¢ and Engineering IVe¢k." hosod a pro¢1i¢al stsnd S¢arboTough Spa for gnd S¢¢0Jar),
sludenls. Over IIKiV attendees acros5 100 providers
Hull& E&st Yorkshire Schools & Colleges Summer Conterence, a cclebrdlion of the careers education taking placc
in the rcgion.
Nvrlh Ea Lin¢olnshire Skills Fair.. Hosled al GriMs. Audilorium all<1 sponsore
Humbersidt ED
eeriD
Trainin
A550ciation Limited
rt of the Trustee5
for the ¢#r tnded 315¢ A4 2025
STATEMEf4T OF TRUSTEES, RPoNSIBILITIEs
The Irustcc% (who arc also ihc dircctOTS of Humbcr%idc Fnoinccring Training A$sociation Limitcd f(>r thc pury)05cs of
tyomyanv lawl are r¢sponsibl¢ for pr¢Foring ihe Ilepon of ihe Trustee$ and th¢ fmJtJLial st4wmen¢s in a(or
rt of the liide dent Auditors to tbe Members of HumbeTside En ineerin Trailli A55vriation Limit¢ Opinioll Wc hai'c auditcd the fiTLancial Siaiemertls of Humb¢rside En8ineeritJ8 Training A&wciation Limited {th¢'parenl chaTlty') and its subsidiarieb {iog¢iher ¢omprising Lhe 'charlb]e group'} for the year ended 31st August 2025 which ¢oinprise the C'.on501idai¢d S&t¢meni of i.inanrial A¢tLVlties, the C:thns(>lidated Ilalance Sherf, the Con8nlidated Cash Flniv gtatement and not¢.% trj ihe financial 4thm¢nts, includin8 a summan. of significant accounting policies. Thc fillancial rcFOrting fraTnewoTk tbai has been applioj in their PTepavaliun is ¥pplicabl¢ law and Unid Kingdom A¥¢ounLin¥ sards {Ullid Kin&i&)m Gen¢r?Ilv Acttpied AwouJ]liDg Practice}. In our opinion thc financial ststements.. giv¢ d tru¢ and fair vi¢iv of the state of the ch2rilable group's and parcnl cllarity's affair.s a5 at 31st August 2025 and or the group's incomin8 resource5 and application thf resthvT¢¢S. in¢ludiDg its intomt and expcnditure, f(Ir the y&qr thcn have been properls, prtpared in accordance w'ith United Kingdom Generally Acc¢ple(J ALLounling Praciic¢' and have heen prepared in accordance i4.ith the requirements of Ihc airnpanics Acl 2006. BAsis for opinion W¢ vut audil in arwrdanc¢ with lllternaiional Standards on Auditing {LIKI IISAS (UK)) and applicable law. Our r¢spon81bililics under (hose ststjdards are further descmbtd in the Auditors, re.%tK)nsihilities for thc audi¢ of the financial statements section of our report. W¢ ar¢ ind¢wd¢nt of the dritable company in accordance with ihe ethical requ1MentS thai are relan1 our audit of the financial statements in the UK. includin the FRC'S EihiLdl Siandard. and w¢ have fulfilled OUT Other ethical rc%ponsibili¢ic$ in ¢Tdn(c with th¢s¢ r¢qllir¢m¢nts. W¢ I11eVc Ihat the audit evidenc¢ hai'e obknned is Sufficient and appmpriate to provid¢ a basis for our opinion. CoAclusiou5 r¢latiDg ¢0 goiDg con¢¢r In auditing th¥ financial statcm¢nts, w¢ hgve ¢on¢luded that the trustee5' use of the going concern basis of accounting in the pparall0n of the fanCIal statements is appropriate. Ilased on the vvrk havc pcrfnrncd. Ivc havc not idcntifL¢d any ]natcrial unccrfainries relating to events or conditions thJt, individuall). or collectively. may cast SLgnili¢anl Ik)ubt on th¢ ¢hdritsbl¢ ¢ompan) s abilil io conLinue as a going eoncem for a plyiod of.dt ledsl tweli'e months from ivhen the financial slaletn¥nts ar¢ authori5¢d for is5U¢. Our resp()nsibilitics And thc responsibilities of th¢ trustees with respeci to going concern are described in the relevant sections of this report. Othtr itsf•rmAtio The trusrees are res]x>nsiblt for the oih¢r infornialivn. Tlie uih¢T itLfL>Tmalion Lvmpri¥es th¢ infum)dii(Trn in¢luded in the Annual R¢pori uther the financidl staicments and our RerM>rt of the Indertndenl Audilors thereon. Our opinion on the fin3nLial slul¢m¢nts does noi cov¢r the other infomiauon and: except to the extent otherw% ¢xplsLitlJ swi¢d in tsur r¢wo w¢ noi express anv torm ol'assurance conclusion thereon. ltt ti¥nnection '1th audit of the finanual statement& our responsibility is to read the other inlornyation and, in dtsing , consider whether the other infornution is mateTiall}' inconsi5t¢ni with th¢ linlIa1 sts¢¢rn¢n¢$ 4)r vur knvwled¥¥ vbi4invJ in the audit or othenvtse appea[5 to bL ll]alcTiall>' misslaled. It" wt ideniifv such matsrial inconsi5tenci¢s OT apparent nithteTial mikstatemcnt4 ie arL required lo dcicrniinc whcther this giN'es ri5¢ to a material mLSStatem¢nt in the finan¢i#l %tstemenl% them5¢1ve5. 11, bJs¢d <>n th¢ WOTk ive h#v¢ P¢Tfomied, w¢ £4)nclud¢ that there is a material mi5Statement of thi5 uther infurniati()n, iv¢ kjre required tsi reFN)rt th81 lacl. Mle have nothing to repori in thi.% regard. Opinions on other ma¢t¢r5 pre5trlbwl by th¢ Compnl¢s A¢t 21M16 In our opinion. basd on the undertsk¢n in the wursc of th¢ audil- thc ipformalion giTrcn in thc R¢pon (Il'th¢ TTusl¥Ys th¢ tinancial y¢ar br ,hICh the financial statements are prep8rtd is C4X18i8teni the rtnatjcial statcmenls," and theRepirt olthe Tru¥ttts has be pre{l in d¢(%Jr(18n¢e with appli¢able l¢Bal requirements. Page 13
Re ort of the Inde
Ddent AditOrS to the Members of
HuThber5ide E
iDeeriii
TrainiD
Asso¢ialioD Limited
M#lttr$ fjn wbicb w¢ arc r¢quir¢d to report by tsc¢ptM)
In the light ofthe knoivledge and understsndtns otthe eharitsble compan), and its envirorlln¢nt oblained in the ¢ourse of th¢
audit, we have not idenlified material misstal¢ments in the Report of the Trustees.
W¢ havc nothing to rcrM)rt in rcspccl of the followin8 mattcr5 wl)crc thc Companies Act 216 rcquircs u5 to rcport to you if.
in ouropinion..
aJc4UdtL dLCI)uniiThg reLU)rds have nol bren kw relums a
Rt Tt of Ihp Ittde Ident Aiiditors to the Members of Jlumb¢r5ide E in¢trin I'rxiki A$socig¢lDn Llmittd To adJr¢ss th¢ risk ol'traud through management hi&4 and override of cntttrols, we.. p¢rforni¢d atjalytical procedures to identify. any unusual or Unexpeld relalion5hi tested journal entTiQS io idcntifv unusual tran5aGiions- asse.q%ed ithdher judg¢m¢nts and assumptions made in deterniining the a¢¢ounting ¢siima% i¥¢re indicative or potential bias,. and inv¢sti8atcd ihc rational¢ h1nd 5ignifi¢sni or unusual Ir8nsa¢iion8. In response the risk of irregularities and nonwcompliance with lawy and regulutions, we desi8noJ procedur Iv) included. but ivere lin)iied tn.. agreeing financral 5tat£ment disc105urcs lo und¢rlying supporting d(Kwn¢ntauon,' r¢ading the niinules oftncttsngs olthose Lhargtd wilh goi'tmance: cThquiring of mana8oncnt as to aclual and Poienlial litiga¢ion and tlaim8,' and reTr'iei¥ing corr¢sden¢¢ with HMRC. rel¢voni regulators: and the compan? 51¢8al advisor5. Th¢Ye are inherent limitatiDn5 in our audit procedure8 d¢id alx)vc. The more remo%ed that laH's and rcgulations are frorn financial transaaions, th¢ less likel>. it is that ivould becoDie aly4¢ of non-L4)mplianL¢. Audiling st¥nd2rds also limit the audit proeedures required lo ideniifv nonrfompliance iviih law5 and regul>tioThs enquirv of the dI¢tr$ and othcr mana8erncnt and thc inspeclion of regu1810ry artd l¢gJl ¢4)ntspondence, if any. Maierial misstslemenls th arise due to fraud Gan b¢ hard¢r to detect than those thai arise from error as the), ma). involve deliberaie conccalm¢nl or ¢nllu%iot). A further description of our rt81K$1bililIts for the audit of the financial ststemenls is localed on the Financial Kqjoriing C'.oun¢il's M'eb.%ite at MiTri,.frc.org.uklauditorsresponsibilitÉC5. This dc5cription fonns part of our Repx)rt of the Ind4det Auditors. Use of report This repuri is wlely w ¢h¢ ¢haritsbl¢ ¢ompany's members: &$ a dI., in acLordance with Chapler 3 of Part 16 uf thc C.umpanies ALI 2006. Our audit ii'ork has becn undcrtakm so iliat might slatc to thi ¢l)aTiiabl¢ compay)s s members Ihos¢ malle we are r4uired to State to them in an guditors, r¢rrfJrt and f()r other puqN)se. To (he fullest extcni perniittcd b> law. w¢ d(> noi a¢¢ept or asswne reswnsibiliiv lo aThJont oiher than the ch3rii#bl¢ iompany and th¢ ¢hari¢able company's mesjibers as a body, for our audit iyork. for this reporL or for the Lipiniolls V¢e hJN'e fom)¢d. Alan Brockleliurst (Seninr 8tstulory Audilor) for ond on behalf of Sadofskrys Statutory Auditors Princes House Wright Strc¢t Hull Ea51 Yorkshire I IU2 811X D¢.. .2$1.o).b C*lL Page15
Hllmberside E eeriu Trinl nsolid t attm 2025 2024 Unrestrieted UnrestTiCted lund% Notes IIYCOME AND ENDOWMENTS FROM Donation5 and legacies Charilble acti¥'ities AppT¢nti¢e"I"rwrting HNC & HND S,563,746 626,775 969J97 5.219,852 597.625 9(16.068 Commercial Trainin8 Ini'eslment income Other incotne 17.030 442 19.383 Totsl 7 619 252 7.410 649 EXPENDITURE ON ChaTil4blt artiviti¢S AreIl Ti#inin¥ HNC. & HND 5,258,145 626,781 925,252 4,976,549 53l.02Y 9118,317 Commercixl I rainin8 Work iviih Schools Tot41 6 &1)13 6 495 895 r4F.T INCOMX 761 J39 914,754 RECONCILIA TIOF4 OF FUNDS Total funds bruugbt for1vd 8.362285 7.447,531 TOTAL FUNDS CARRIED FORWARD 9.123 524 85 CONTINIIING OPERATIONS All incom¢ and expenditure h&$ arisen from continuing vwalilin FUND ACCOUF¥TING All inL4Trme expenditure relates to unreslricted funts. The nDtes form Of these flnanci ststements P¢ 16
Humb¢rsld¢ ne¢rin Tr¥lnl Assoeiation IAmited 2025 2024 Vnre5trfict¢d Unrestrid¢d runds n¢15 FIXED ASSETS Ta]]gible assets li 11441 $27 CURRENT ASSETS D¢btors Cash at bank 12 915.3t15 937.674 865J34 1,918J30 1,853,059 CREDvfoRS Amounts falIin8 duc wiihin onc )'ear 13 11,1195,069) (1,176,202) r4ETCVRRENT ASSbTS 823.161 676 857 TOTAL ASSETS LESS CURRENT LIABILITIES 12247,968 12,118,384 CREDITOILS Amounis falling due after more than one year 14 {3,124,444) (3,756.099) NTr:I' ASSVTS 24 8 362285 FUNDS Unreslri¢ied fujhjs 17 8 362 285 TOTAL FUNDS 9 123,524 8 362 285 Th¢ fmancial Slemen1$ M¢re #pprov¢d b), the Board of Trnslees and authoris¢d for issue on islo3110l$. and were 518ncd on ils Eehdlf by.. I C Palmer- TnIstr2lDir1Qr The notes forn) part of th¢ financial statemenLq Pag¢ 17
Humberslde En Inetrin Trlnin Association Lamited Co B#l#mce Shect tA 2024 Vnrestileted Unrestri¢l¢d funds runiL%' Notes FIXED ASSETS .1 gngibl¢ &%¢ts Investjnenis 10 11,42{81)7 11,441,527 11.424818 11,441,528 CURREf4T ASSETS l)ebtthTS C&%h at bank 12 I,J19012 778250 939,686 860.366 1l98,lJ62 1,800,052 CREDITORS Amounts falling due within one year 13 (1,086215) NET CURRENT ASSETS 811 7 666 941 TOTAL ASSETS LESS CURRENT LIABILITIES 12336,655 12,108,469 CREDITORS Amounts, Idlling due after mojr thaD one yvar 14 (3,124,444) (3.756.099) NET ASSETS 8 352 370 FUNDS Unrestricted fuTMIs' 17 9.112211 11.352,370 TOTAL FUNDS 9.112 8,352 Thc financial .statement5 Mrrc approvcd b}. the Board olTrusle¢s and aulhorised for issue on Islos hol.& and ivere signed on its behalf bv.. I C Palmer- Trllsiccminxlor 'll)e notes fomi part of these finaneial statemetrts Page 18
Humberside E neerin Association Limited sh Flow 21125 2024 N(Ftes Cgsh flows from operAtiDg CtIvItI C:ash genernt¢d from optraiion$ IntLYesl paid 1,576,1811 370,0411> 1,438,458 N¢1 L45h provid¢d by op¢r#Lin8 actiiities 1,206 140 Cash lknvs from invtstillg activities Purchase of iangible fixed as5et5 Inl¢r¢st rec¢ivcd (523.756) 17,030 {697,834} 19,383 Nei cash used in investing a¢tivities 1678 451 Cash flows froin fjnaneing 8etivitie5 Loan rcpaytnents in >car 771,754 17il,1¥31 N¢t L45h useil in tLiJan¢Lllg a¢tivill¢S 771.754) 751 183 Chattge itt eL$h 4nd th equivaknts In tht reporting period Cash casb equivaltD15 at ¢b¢ btgknttltt% f th¢ r¢portiug p¢riod 172J40) {429.876) 937ffj74 1 367 550 Cash and cash eqlWa1tnl5 81 th¢ ¢Dd of th¢ reportlng perlod 865J34 937.674 The not¢s fi)rni part of thcs¢ financial 5taicmcnts Page 19
Humbtrside En ttrin Traini As8oriatioll LIltsd N•tes to the C.on501idaled c.asb Flow Statement for tbe ¥r tud¢J 31s¢ Au $t 2025 RECONCILIATION OF t+4ET INCDME TO NET CASH FLOW Tr ROM OPLRATINC ACTIVITlb S 21125 2024 Net inc•me for tht Teporting period (a5 per tIL¢ Consolidakd Sthttmtnt of FINanei*l Adlvhles) Adjustments for.. Deprecialinn chaJ8e5 lrtt¢resl re¢¢ifved lllleresl paid Incr¢g5¢ in debtor5 In¢reasellde¢r¢ase) in cr¢ditnr.$ 761339 914.754 $40,476 (17,030) 370,041 {137,511) 530.017 (19,383) 438,7(10 1115.053) 1310.57 Ch provided by operatiODS A 576 1811 1438.458 AIYALYSISOF CHANGES IN NET DEBT At IN)124 Cash A1311812S Net e&sh Cash al bank 937.674 172a401 8&V34 72 865 937 674 34 Deht Deb fg11ing du¢ i¥ithin l year D¢bts lJllillg due after l year {386,766} 3,756.099 140,099 (246,667) 3,124,444) 771,754 TotAI 3205 191 699 414 '1lie n(Trtes form part of these fingncial stat¢meT Pagc 20
Humber5ide ED ineerin TrainiD A550£iatiOtt Llthlted Notes to the C.oD$vifid3ted FillaD¢ial S¢4ttmenls for lh¢ tttd¢d IstA ust 2025 ACCOUNTING POLICIES Ba$1$ of prepfirillg the finAncil statements The rjnancial 5tdl¢rn¢nib 4)[ the Lhariliibl¢ 4mpDY. whith is a public benefit entity under FRS 102. hal'e be pryird in accordance with Ihe Chatilies SORP IFRS 1021 'Accounling and RetKJriing by Lhariti¢5' %taiement of Rccnmmcnded Practicc applicable lo charities preparing their a¢¢ounts in 0¢¢4)rdance with the Financial Reporting Standard appliL4ble in th¢ LTK anJ Republi¢ of Ir¢land (FRS 1021 (effective l January 2019).. FinaJKial R¢porting Standard 102 llje l.-inancial Rewrting Siandgrd appli¢3bl¢ Ihe and Republic of Ircland, and thc C'ompanies Act 2006. -llie financial %tatem¢nts ha¢ beett prepared unthr the historical cosi COncnI1On. Mith thc cxception of ini'esimer)ts whtrch ate Includ at market valuc. Basis of consolidatio Th¢ group financial slatcmcnts consolidate the financial statemenis of ihe ¢hJrity 2nd it$ 8ub8idiary wid¢rtakin& Humbcr5id¢ Appr¢nltLe Training Ag¥n¥J Limile(L at 31ll August 2025 using acqut5ltion accounting. Intome fTOm rtsowr¢o8 froDI ¢h#rhble aittivitits lJJ¢omin8 rer¢eS tn)m charitable actii'ities excludes value added tax. Wherc income r¢5QU1tt5 are dependemt U)n the C:harity d¢liN'cring a irt, th¢ in¢m¢ is ni)1 r¢¢ognised until the service ts delivered. DonJitiOnS Donations and gitts are included in tull in the 8tatrment of f.'inancial Activiti&s whcn rcc¢iYablc. Grants Grjnts and allowances re£ei%'ablc are accounted for a5 income in th¢ year in which ¢ntiilaT)ent ?rise5. Cfft5 Gifts in kind are valued bv ferenCe lo the ¢quivulenl romm¢rcipl r05t of acquiring sh assets or services. EXpendItre Liabilities are re¢ogni.q¢d &8 expenditure as soon ihere is a le¥dl or Lonstructive obligation mmi1n8 th¢ Charity ¢0 that exp¢nditure, it is prohahle that a transfer of economic bcnetils will rcquircd in sdilcmcnl and the #mtsuni of the nbligation can bc m&g8urcd rc11ab.. Expcndilure Is tlLtount¢d lor on a¢¢nJals basis and has been classified under heading5 thal aggIT¢¥tE Hll ¢Vbl T¢lul¢d io ¢he ¢aieg(iry. Vth¢re Losts ¥annoi be directl>. attribuled to particular h¢adings thej h#ve bttn allocaled lo #L(il'jties on a basis consistent the use <)f T¢vr¢%. Allotatliljl ¥Dd •pportioomMt of Costs Exp¢ns¥s directt). associAt¢d i¥ith the deliN'cry of training arc charged as direct chaTilable expcnsc5 and split be1Cen those relating tts unT&%tricted and ¢hosc r¢l#ttng to restricted fvllds. Depr¢eiath)n i5 split between r¢striLtrd and unr¢51TiLt¢d funds bv r¢f¢r¢n¢¢ ¥har¥e arising each 5ttcifJc Emplu)'¢es 9r¢ oteg()ris¢d as ¢ither directl), involved in Iraining or administration arKI relaled Lustb. are uppvrliun¢ LYVTdingl}'. Slaty lime Snt del&v¢ring projects vthich are %uhject th Testricled fundin8 15 rccharged trom unrestricted fund5 at agreed houTl> rat¢s. Direa c4)sts not c¥pabl¢ of bein altribui¢il lo any iDdividual Llass ol. aetivily are apwrtioned according kn the rclalii"e in¢otn¢ u1- ca¢h a¢livity. Supp)rt costs are apportioned a¢ciYding to tlie amouDi of dit¢¢i a)st a&8ociated th each class of afflivily. Govcmanec costs rctlecl the 51rnl¢gic and cornplian¢e ¢08ts i)f lh¢ ¢harii> includin8 an Iloi¥anLC for th¢ Chi¢fEx¢¢ulii'¢'s tim¢ spent ot) $u¢h matters. Page21 continued...
Humber5ide Lll eerln I'r*lnln Nott bin ments- to ACC'OUNTING POLICIES- Tangible lfixed a55els D¢pr¥ciatiOn is proN'id¢d at the following annual ratc.% in order to i¥ritc off cach a%sCt oi'cr IL% cslirnakd us¢ful lilc. Freebold propert). Plant and mathinery Fixture% and littings Compui£t ¢quipn)¢nt 2/0 on tost. IOO/o on cost and 20h on cost IO% oncost IOY• on w5l 200/b Oti ¢osi Taxgtion As 8 r¢gi&¢¢r¢d ¢harity> th¢ ¢omw4Thy is generallv exempt from Corroration Tax. nL)t from VAT. Th¢ wmpany aLeounis tor VAI- in accordance ii'ith the regulatinns Tel3t to the nature ot. the supplits ithich 15 makes. An), irrecoverable VA I. is.%hoMm s¢p3rattl}' an ¢xpen8e. Atcoulltillg Incoming rc5OurS lor s¢rvicL'$ ivher¢, upon full perfomjance of the service, any 5UTplu# can Tetalned thnd used for general puryx)ses are classified as UltriCted. whereas if any surplus is reeeivable b!. the donor then the rey)urL¢5 are class a5 re51rid. Keni#l% ]d under op¢rating le&¥es dre Lharged to the Slalemenl OL Financial Aciivities on a straight linc basis oi'er th¢ i)¢riod of th¢ leJs¢. R¢nis' yayablv #nd r¢L¥iv4ble under operatin8 leases are char8ed the gtsttment of Financial AdiTrities on a straight litte basLS o%'er th¢ riod nf the le&s¢. PeD$ion ¢ost$ and othÈr St-retIrement btntfits 'rhe charitsble compan). operate% a defined contribulinn pcn4ion schcmc. ContTibutii)n5 payabl¢ to th¢ ¥hariiabl¢ company'5 ls1O scheme art ¢hwged io ihe Siatement olFin8n¢ia] A¢livili¢s in the period to which they relaie. IP4VESTMENT INCOME 2025 2024 T)eposit atcount interest 19,383 Pog¢ 22 conlinued...
Humberside TraiDiD Assoei4tion Limited INCOME FROM CHARITABLE ACTIVITIES 21125 2024 Attfvlty Apprcntice Training Apprentice Training HNC & HND HNC & HND Appr¢nti¢¢8hip fees ESFA funding i.-gi.'A fundin8 IINC ineome Commercial training Passport 359.615 5.204,131 8&5110 538375 969J97 418.683 4,801,169 76,700 520.925 897,048 9,020 Commercial'l'Tainin8 Comm¢T¢ial Training 7 159 918 6.723 545 CHARITABLE ACTivrriES COSTS Direet Costs costy (see note 51 Totals Apprenticc Trainin8 FfNC & FfND 3,680,482 431,493 6J7JOS 32 1,577,663 195.288 287,947 14971 5,258,145 626,781 925,252 47.835 C(>mnictLiJI Trainin Work ivtth Schools 4 781144 6 85&OIJ SUPPORT COSTS I luman r¢sour¢es Managemeni Fini¢¢ Apprenlice'l'ratlljn8 163.636 20257 2970 38WO 47,578 70,152 3.647 694723 86,002 12V116 HNC. & FtND Commercial Trainin WO with Sehools 215,316 505,807 914 124 Goveman¢e s(s Other Totals Apprenticc Trainin8 NC & EtND 283.996 35,152 $11,878 299 9287 483 lJ77.663 195,288 287.947 Commercial I'raiwn8 Work Schools JTJ 67S 947 2 075 869 Pa8c 23 conlinued...
Humb¢rside E neerin ssotiAtlon Llmlt Traintn tes to tht Consthlidated Fin211tial Statements- nti NET INCOMEI(EXPENDJTUREI Net incomel{¢xyendibJre) is ststed after Chargin[credItig).' 2025 2024 AuditoJ%' remuneration De]xeciation- owned ass¢ 1•,575 540.476 11,916 530.017 TRUSTEFS, RF.MUNF.RATION AND BF.NEFITS TheTe wLYe no ITUSt¥¢s' r¢rnun¢ratioll Lir Oth bth¢fits lor th¢ year dd 51 Augusi 2025 nor IOT th¢ ended 31st Augusl 2024. Trusteu, expenses I'rnvel and subsistence expenses totalling £210 were PAid to the trustees during the vear{2024: £620). STAFF COSTS 2025 2024 Wages and salaries 3.646,836 363.qll 493 077 3.332,116 289.726 463.017 Other pension ¢osts 4 084 859 Ibe average monthly number of ¢mplov¢¢s during theyearw&5 as folloivs.. 2025 2024 Manag¢m¢nt AdministratiCFn Trdining support Appr¢nlic¢s- ItA'IA 12 65 12 61 92 86 The avera8e number of employtes durin8 theyear is b&%ed on Full Tirne F4uivalent5. The of empkFyees whose employee benefits (ex¢ludin8 employer 1$10 ¢ostsl ex¢eeded £60.01)O was.. 2025 2024 £60,IK>I - £7(I,MO £70.001- £80,(N)O Pase 24 eontinued...
Hunbberside E nteri A550eiation Lirnite41 otes to tht Consoltdated Fin8n¢i81 Ststem nts- tor the ve¥r ended 31st A usl 2025 Dtin NET INCOMING RESOURCES OF PARENT COMPANY As pemitted by parngraph 397 1)f th¢ SORP, th¢ Statcm¢nl of Financial Activities of thc parent charity. is not pre.q¢nied in these financial statements. The parenl's net incoming re50urccs lor th¢ Ye end¢LI 31" AuU5¢ 2025 totalled £759,841 {2024.. £936:3781. Pa8e 25 LOlllinue41...
Humbtrside ED etrill Trainin Notes to the Consolidated Fiati81 Stattments- for tli*
r ¢Jhd¢d Jl$t Au u$¢ 2024
1'ANGIBLF FIXED ASSETS Grothp CIL*rity Fixlures and fitlings Freehold Plant and ma¢hinw)' Computer eiJuipJn¢nt Totsls COST At Isi September 2024 Additions 10,7J8,815 164,¢ 2J61,4J7 315.258 344J66 fAS,444 29 14,090,262 23,756 AL 3 I Av¥u& 2025 10,9•2,875 2ffj76.695 359,636 674,812 14 614 1118 DEPRECIA TION At 1st SeptemEer 2024 Charge for )'¢ar I2.747 201 J112 213J84 336.452 224J80 5411,476 At 3I5t August 2025 122 49 237 67 427 3 189 211 IYET BOOK VALUE At 31sl Au8USt 2025 43 J274 69 Z47 At 3 1st Au8iL8t 2024 9.840 663 131 182 308.992 11441527 Al. FIXED ASSET INVESTMENTS hares in gri>up undertakings Charity IARKET VALUE Al Isl Seplember 2024 and 31stAusu512025 NTr.I' B(K)K VALII At 31st Augusi 2025 At 3 Isi All8( 2024 'lth¢re were no investment a$ts i)utside the UK. The coinpany's inve%tments at the balance sheet date in the share eapitsl of companies include the followins.. Humber Apprentl¢¢ Tr41Dltsg Agency Llmlted {111234302) RegI¢T¢d orfiLe'. Uniled Kingdom Nature of busihes5= 1'rading This invesiment represents 100% of the votin8 quil). instrnments of the subsidiar),. Page 26 eontinued...
HumbeTSide E eerin Trsini Associalion Limited Nole5 lo the CvDsolidat¢d r ended 31st Au ts- st 2025 ntiDU 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YLAR Croup Charity 2025 2024 21125 2024 Tra(k dcbtors AT[UnIS bv group unikrtakings Prepavment5 and accrued income 823.004 721,559 798J62 91,558 229 706,773 49,147 183.766 229 92 193.826 915 385 12 939.686 J3. CREDITORS: AMOUNTS FALLITrIG DUE TrTrITHIN ONE YEAR Grollp Charity 21125 2024 2025 2024 Ilank loans overdrafL% (see note 151 -I'rade creditors Amounts io ¥rp undertaking$ SuLial seLUTily dnd othei taxes Accrucd cxpenses 246,667 275,076 386,766 230.343 246,667 275.076 386,766 230J43 170,252 4113,1174 115.973 168J76 396,096 114.988 401014 I.95,069 .176,202 1.086315 CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAIY 0Tr4E YEAR Group Nd Ckarlty 2025 2024 Bdnk luans lsee 1S} 3,124,444 3 756.099 Is. LOANS An analysis ol-the mJlurilv ol loans is giv¢n below.. GrTrup CbArity 21125 2024 AmounLS falling due thin oThe y¢ar on demand: Bank loans Amounts fallin¥ (lu¢ betw¢¢n two and fiTre years". Bank 14)ans- 2-5 yeats 986,667 .-371.655 Amounts fallingdue in more than fiv¢ ye. Bank loaDs- TnoTe ihan 5 }'UT5 2,137,777 The loans commcnced in April 2023 and repayable b}. mDnthly in812lmehts over a terni of fifteen years. Inr¢si is ¢hargtd o 2.250/0 over bank b&se rate. All loan inlere51 i5 charged direLI Iv ¢xp¢nKs a5 inLurr¢d. Pag¢ 27 ontinued...
Huwber5ide En ttri Tr•iDiD sgoeiatioll Limited N tts to tht CottsoMdAted FioAD¢i*I StatemeDts- ¢ontiiiue for th¢ tAr 1st Au st 2025 16. SECIIRED DEBTS The tolloiiryng secured debls are Included within ¢roJit(ws'. Grnup Cb#rity 21125 2024 Bank loans 4 142 865 The loans arc secured by charge5 L)ver th¢ chily's freehold land and buildins8. 17. MOVEMENT IN FUNDS Ncl rnovernenl in lunds Ai 3118125 Ai 119124 Unresiritted funds General fund 8,362385 761.239 9.123524 TOTAL FUNDS 62 85 761239 Nct moi'cmcnl in lunds, iticlud¢d in the atrK)v¢ are as followT'. Incornin8 resources Re2N>urces Movem1 in funds Unrtstrirted fmllds General fund 7,619352 {6&48,OlJ) 761239 TOTAL FufiDS Page 28 crintinucd...
Humber5ide E
ineerin
ssociation IAmited
r4ot¢s to thc CoD$o]idated Finantial Statements
lor the tgr tDded 31$1 Au M$¢ 1025
PENSION C.X)MM]I'MkNI'S
The wmpany up¢rAl¢¥ a group perwnal p¢nsiuns SLh¢me. The a55ets of tlie seh¢me are held b). itJdep¢n