Registered number: 02190605
Charity number: 519889
HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limited by Guarantee)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limited by Guarantee)
CONTENTS
Page
Reference and Administrative Details of the Charitable company, Its Trustees and
Advisers
Trustees. Report
Independent Auditors, Report on the Flnancial Statements
Statement of Financial Activities
8-11
12
Balance Sheet
13-14
Statement of Cash Flows
15
Notes to the Financial Statements
16-28

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND
ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2023
Trustees
M. Ranson, Survitec
N. Mccracken (Chair), formerly B.P.
M. Gibbons, Siemens Energy Industrial Turbomachinery Ltd
A. Rhodes, Exolum Immingham Ltd
V. Jackson, Kingston Recruitment Ltd
l. Coates, Specialist Marine Consultants Ltd
C. Jenkinson, Centrica Storage Ltd
J. Doyle (appointed 18 October 2023)
Company registered
number
02190605
Charity registered
number
519889
Registered office
Malmo Road
Sutton Fields Industrial Estate
Hull
East Yorkshire
HU7 OYF
Company secretary
K. L. Shepherd
Chief executlve officer
K. L. Shepherd
Independent auditors
streets Audit LLP
Halifax House
George Street
Hull
HU13AJ
Bankers
Natwest Bank plc
Hull City Centre
34 Kind Edward Street
Hull
HU13SS
Solicitors
Rollits LLP
Citadel House
58 High Street
Hull
HU1 1QE
Page 1

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limited by Guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees present their annual report together with the audited financial statements of Ihe charitable
company for the year 1 January 2023 to 31 December 2023. The Annual Report serves the purposes of both a
Trustees, report and a directors, report under company law. The Trustees confirm that the Annual Report and
financial statements of the charilable company comply with the Current statutory requirements, the requirements
of the charitable company's governing document and the provisions of the Statement of Recommended Practice
(SORPI applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS1021.
Since the Charitable charitable company qualifies as small under section 382 of the Companies Act 2006, the
strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and
Directors, Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The objects for which the Association is established are-.-
{A) To promote and advance the theoretical and practical training and education of persons engaged in the
Industries including but not limited to health and safety, emergency rescuelresponse, medical and first
aid, fire-fighting, accidenuincident investigationlprevention and survival.
(B) Subject to the foregoing objects. to extend such provisions or assistance to the training and education of
members of the public and employeeslvolunleers of other voluntary or smalllmedium enterprises
generally.
HOTA has always followed the policy of using any surplus funds generated to fulfil its charitable objectives.
HOTA continues to provide RQF Approved First Aid training courses. Qualsafe and IOSH approved Health &
Safety training courses and a range of Electrical Courses approved by City & Guilds and JTL to an increasing
number of land based local organisalions.
Page 2

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
{A Company Limited by Guarantee)
TRUSTEES, REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Achievements and performance
a. Main achievements of the charitable company
With financial support from Natwest, HOTA started the construction of the internal Working at Heights in early
2023. Approval was gained from GWO for Working at Heights and Advanced Rescue Training and respective
refresher training in May 2023. GWO Enhanced First Aid approval was also gained in April 2023. The addition of
these courses meant that HOTA is the only Training Provider in the area that can conduct all the basic GWO
Courses on one site and in any weather conditions.
Income started being generated in a21Q3 from the Working at Height courses with a total for 2023 of £39,097.
Late 2022, saw the completion of the Confined Space Training Module. this allowed the company to offer the full
range of Confined Space training including Low, Medium, High and Rescue. These courses generated £44,950
of sales in 2023.
HOTA'S continuous presence in all industries including Offshore, Maritime, Renewables and Onshore had been
paramount throughout 2023. The company has still been able to accommodate the demands of the various
industries enabling skilled workers to carry on training to help support the UK'S Critical National Infrastructure.
HOTA achieved a grade 5 food hygiene rating in 2023 from the local council.
b. Key performance indicators
Health & Safety
Target 1
Risk Assessment reviews- 75Yo Within target month, 1000/0 Within 6 months of Target.
All Risk Assessment reviews were completed within the timescales (target met).
Target 2
Complete 3 Emergency Drills per quarter.
During the year 12 Emergency Drills have been completed including MER Exercise Training Pool,
MER Exercise Albert Dock, HUET Diver Training. Fire Evacuation and Fireground (target met).
Staff
Target 3
Minimum 20 hrs learnlng and development time per staff member per year.
All staff have been enrolled in this process and are undertaking appropriate courses including
Lifeguard training, Confined Space, Health and Safety, Manual Handling, Risk Assessment,
Equipment Servicing. Working at Heights. CPD and First Aid etc {target met).
Finan¢lal
Target 4
Average debtors. days at 45 days or less.
In 2023 the average debtors. days UP to the end of December was on average 46 (target not met
by 1).
Quality
Target 5
Set up 40 new customerslaccounts per quarter.
For 2023, a total of 105 new accounts were set up (target not met).
Target 6
98./0 Customer Satisfaction measured by no more than 20/0 fomial customerlstakeholder
complaints.
In 2023, 980/0 Customer satisfaction was achieved with no fomial customerlstakeholder
complaints (target met)
Page 3

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limited by Guarantee)
TRUSTEES, REPORT (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2023
Achievements and performance (continued)
Key Perfomiance Indicators, Metrics and Key Activities 2023
In 2023, HOTA'S Key Performance Indicators were based around Health & Safety, Staff, Financial and Quality.
Along with the Key Performance Indicators the Chief Executive and Trustees normally set a number of spe¢ifi¢
metrics and key activities for enhan¢ed improvements across a range of areas. The main focus for these in
2023 was the installation of the Working at Height Tower in order to increase HOTA'S course portfolio for GWO
Courses.
The Association successfully maintained its ISO9001-.2015 accreditation and is looking to gaining approval for
IS045001 Health & Safety and IS014001 Environment in late 2024 early 2025.
8 external audits were conducted by the relevant governing bodies including MCA, Compex Certification, City &
Guilds and Qvalsafe in 2023 and all were satisfactory.
c. Review of activlties
Financial Revlew
Before depreciation, the charity made a deficit of £83,878 (2022: deficit £46,021) this is mainly due to high
utilities costs and increase in repairs and maintenance costs. After depreciation, the charity reported a deficit for
the year of £151,191 {2022'. deficit £100.837).
At the balance sheet date, the Association had net assets of £227,628 (2022: £378,819) including £134,107 of
net current assets (2022= £97,159).
Revenue 202312024
In 2023, the company only saw an increase of 0.820/0 on income compared to 2022.
The company is currently seeing a high demand for courses in all areas of HOTA'S training streams.
A forecast has been undertaken for 2024 and currently shows the company will report a surplus of £80k for the
year ended 31sI December 2024 before depreciation.
Public Benefit Confimiatlon
The Trustees confirm that they have complied with the duty in Section 17 of the Charities Act 2011 with regard to
public benefit guidance published by the Commission.
Throughout 2023 HOTA offered discountedlfree courses to local companies and delegates as follows..
Delegates attending both the BOSIET and MIST course are given a discount on the course fees. These
discounts amount to over £17,000 in 2023.
9 students attended the 'A Day Personal SuNival Techniques from Leeds University at a reduced for a fee of
£50 per head saving the university £450.
Page 4

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limited by Guarantee)
TRUSTEES, REPORT (CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
Achievements and performance (continued}
1 delegate from Comtec attended the GWO Manual Handling and GWO Fire Aware Courses free of charge
saving them a total of £209.
1 delegate attended the Safety Representatives free of charge saving a total of £850.
7 members from Beverley Barracudas attended the Emergency First Aid Course for a per head fee of £16
this saved the club over £343.
7 Teaching Assistants from Molescroft Primary School attended the 1 Day Paediatrics Emergency First Aid
course at a reduced fee of £100 per head with a total savings of £350.
12 delegates from GEV attended the Defib Course at a reduced fee of £430 saving the company £315.
4 delegates from Merseyside Fire Brigade attended the capsize Course at a reduced fee of £150 per person
saving the company £400.
10 volunteers from Hornsea Onshore Rescue attended the capsize course at a reduced fee of £25 per
person saving the Charity £1,250.
Financial review
a. Going concern
Whilst sales in 2023 were good, the company incurred a deficit. this was mainly due to the high utility Costs and
repairs and maintenance Costs. However, due to hea￿Y investment for the future, the company should now start
to see an increase in both demand and income from the offshore wind energy sector. Careful cashflow
management should also see the company being able to replenish and increase the reserves to ensure it will
continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going
oncern basis of accounting in preparing the financial statements.
b. Reserves policy
HOTA has set a tsrget for cash reserves of £300k which will sustain HOTA for a period of up to 3 months without
trading. The figure would cover salaries, lease payments, rent and redundancies. As at the Balance Sheet date.
the charity was holding £110k {2022- £110k) in a separate deposit account against this target amount.
2025 should be very busy for the company with current seafarers undertaking Iheir 5 yearly STCW10 Update
courses, generating an increase within the Maritime income stream. Together with the enhanced presence of the
company within the Renewable Industry from the investment of the Working at Height Tower and Enhanced First
Aid Training should see the sales increased helping to replenish the reserve account.
Page 5

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
{A Company Limited by Guarantee)
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
structure, governance and management
Constitution
Humberside Offshore Training Association is registered as a charitable company limtted by guarantee and was
set up by a Trust deed.
b. Methods of appointment or election of Trustees
The management of the charitable company is the responsibility of the Trustees who are elected and co-opted
under the terms of Ihe Trust deed.
Plans for future periods
HOTA has never stopped expanding and diversifying since its inception in 1989 and continues to investigate the
feasibility of new training areas and further expansion.
Further development is expected to take place late 202412025 with a complete redevelopment of the one of the
company's existing firegrounds. This will enable HOTA to extend their Firefighting Provision and include
additional courses such as Helicopter Firefighting, Team Member and Team Leader Firefighting.
Statement of Trust8es' responsibilitles
The Trustees (who are also the directors of the charitable company for the purposes of company law) are
responsible for preparing the Tnjstees, Report and the financial statements in accordance with applicable law
and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law,
the Trustees must not approve the financial statements unless they are satisfied that they give a Irue and fair
view of the state of affairs of the charitab5e company and of its incoming resources and application of resources,
including its income and expenditure, for that period. In preparing these financial statements, the Trustees are
required to-.
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP {FRS 102}',
make judgments and accountin9 estimates that are reasonable and prudent..
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material
departures disclosed and explained in the financial statements..
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are Sufficient to show and explain
the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of
the charitable Company and enable them to ensure that the financial statements comply with the Companies Acl
2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Page 6

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
IA Company Limited by Guarantee)
TRUSTEES, REPORT (CONTINUED>
FOR THE YEAR ENDED 31 DECEMBER 2023
Disclosure of Information to auditors
Each of the persons who are Trustees at the time when this Trustees, Report is approved has confirmed that..
so far as that Trustee is aware, there is no relevant audit information of which the charrtable companvs
auditors are unaware, and
that Trustee has taken all the steps that ought to have been taken as a Truslee in order to be aware of
any relevant audit information and to establish that the charty's auditors are aware of that infonnation.
Approved by order of the members of the board of Trustees and signed on their behalf by..
N. Mccra¢
en
(Chair of Trustees}
Date".
Jk¥tK £oofovNI)
QDI
Page 7

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF HUMBERSIDE OFFSHORE TRAINING
ASSOCIATION
Opinion
We have audited the financial statements of Humbèrside Offshore Training Association Ilhe 'charitable
company'} for the year ended 31 December 2023 which Comprise the Statement of Financial Activities, the
Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant
accounting policies. The financial reporting framework that has been applied in their preparation is applicable law
and United Kingdom Accounting Slandards. including Financial Reporting Standard 102 'The Financial Reporting
Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting
Practice).
In our opinion the financial statements..
give a true and fair view of the state of the charitable company's affairs as at 31 December 2023 and of its
incoming resources and application of resources, including its income and expenditure for the year then
ended.,
have been properly prepared in accordance 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 International Standards on Auditing {UK) {ISAs {UK)} and applicable
law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit
of the financial statements section of our report. We are independent of the charitsble Company in accordance
with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom,
including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is
sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfomied. we have not identified any material uncertainties relating to events or
conditions that, individually or collectively. may cast significant doubt on the charitable companls ability to
continue as a going concern for a period of at least twelve months from when the financial statements are
authori5ed for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the
relevant sections of this report.
Page 8

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
IA Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF HUMBERSIDE OFFSHORE TRAINING
ASSOCIATION (CONTINUED)
Other infom7ation
The other information comprises the information included in the Annual Report other than the financial
statements and our Auditors, Report thereon. The Trustees are responsible for the other information contained
within the Annual Report. Our opinion on the financial statements does not cover the other information and,
except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion
thereon. Our responsibility is to read the other information and, in doing so, consider whether the other
information is materially inconsistent with the financial statements or our knowledge obtained in the course of the
audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent
material misstatements, we are required to determine whether this gives rise to a material misstatement in the
financial statements themselves. If, based on the work we have performed, we Conclude that there is a material
misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matters prescribed by the Companles Act 2006
In our opinion. based on the work undertaken in the course of the audit..
the information given in the Trustees, Report for the financial year for which the financial statements are
prepared is consistent with the financial slatements.
the Trustees, Report has been prepared in accordance with applicable legal requirements.
Matters on which we are requlred to report by exceptlon
In the light of our knO￿edge and understanding of the charitable company and its environment obtained in the
course of the audit, we have not identified material misststements in the Trustees, Report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires
us to report to you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been
received from branches not visited by us., or
the financial statements are not in agreement with the accounting records and returns., or
certain disclosures of Trustees, remuneration specified by law are not made-, or
we have not received all the information and explanations we require for our audit., or
the Trustees were not entitled to prepare the financial statements in accordance with the small companies
regime and take advantage of the small companies, exemptions in preparing the Trustees, Report and
from the requirement to prepare a Strategic Report.
Page 9

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF HUMBERSIDE OFFSHORE TRAINING
ASSOCIATION {CONTINUED)
R8sponsibilities of trustees
As explained more fully in the Trustees, Responsibilities Statement, the Trustees (who are also the directors of
the charitable company for the purposes of company law) are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such internal control as the
Trustees determine is necessary to enable the preparation of financial statemenls that are free from material
misstalement, whether due to fraud or error.
In preparing the financial ststements, the Trustees a￿ responsible for assessing the charitable company's ability
to continue as a going concern, disclosing, as applicable, matters related lo going concern and using the going
Concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease
operations, or have no realistic alternative but to do so.
Auditors, responslbillties for the audit of the flnanclal $tstem8nts
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an Auditors, Report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS (UK} will always detect a material misstatement when it exists. Misstatements Can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities,
including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is
detailed below=
the engagement partner ensured that the engagement team collectively had the appropriate competence.
capabilities and skills to identify or recognise non-compliance with applicable laws and regulations.,
we identified the laws and regulations applicable to the charitable company through discussions with
directors and other management, and from our commercial knowledge and experience of the charity and
sector in which it operates.,
we focused on specific laws and regulations which we considered may have a direct material effect on
the financial statements or Ihe operations of the charitable company, including the Companies Act 2006.
latest Charities SORP, taxation legislation. data protection, anti-bribery, employment, environmental and
health and safety legislation.,
we assessed the extent of compliance with the laws and regulations identified above through making
enquiries of management and inspecting legal correspondence., and
identified laws and regulations were communicated within the audit team regularly and the team
remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the charitable companys financial statements to material misstatement,
including obtaining an understanding of how fraud might occur. by..
making enquiries of management as to where they considered there was susceptibility to fraud, their
knowledge of actual, suspected and alleged fraud- and
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and
regulations.
Page 10

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
IA Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF HUMBERSIDE OFFSHORE TRAINING
ASSOCIATION (CONTINUED
To address the risk of fraud through management bias and override of controls, we-
performed analytical procedures to identify any unusual or unexpected relationships.,
tested journal entries to identify unusual transactions.,
assessed whether judgements and assumptions made in determining the accounting estimates set out in
Note 3 were indicative of potential bias-
investigated the rationale behind significant or unusual transactions,. and
reviewed Trustee meeting minutes for evidence of appropriate de¢ision-making and management
controls.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures
which included, bul were not limited to..
agreeing financial statement disclosures to underlying supporting documentation.,
reading the minutes of meetings of those charged with governance.,
enquiring of management as to actual and potential litigation and claims., and
reviewing correspondence with HMRC, relevant regulators and the chaitable company's legal advisors.
There are inherent limitations in our audit procedures described above. The more removed that laws and
regulations are from financial transactions, the less likely rt is that we would become aware of non-compliance.
Auditing standards also limit the audit procedures required lo identrfy non-compliance with laws and regulations
to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if
any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they
may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Coun¢il's website at.. ww.frc.or
.uklauditorsres
onsibilities. This description forms part of our
Auditors, Report.
Use of our report
This report is made solely to the charitable company's members. as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might stale to the charitable
company's members those matter5 we are required to state to them in an Auditors, Report and for no other
purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we
have formed.
Robert Anderson FCA (Senior Statutory Auditor)
for and on behalf of
Streets Audit LLP
Halifax House
George Street
Hull
HU13AJ
Date.. 25 September 2024
Page11

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestricted
funds
2023
Total
funds
2023
Total
funds
2022
Note
Income from:
Donations and legacies
Charitable activities
Other income
15,431
2,110,834
2,098
15,431
2,110,834
2,098
t6,045
2, 094,382
556
Total income
2,128.363
2,128,363
2, 110,983
Expendlture on:
Charitable activities
2,279,564
2,279,554
2,211,820
Total expenditure
2,279,554
2,279,554
2,211,820
Net movement in funds
{151,1911
{151,191)
(100,837)
Reconciliation of funds:
Total funds brought forward
Net movement in funds
378,819
1151,191}
378,819
1151,191)
479, 656
(100,837)
Total funds carried forward
227,628
227,628
378,819
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 16 to 28 form part of these financial statements.
Page 12

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limited by Guarantee)
REGISTERED NUMBER." 02190605
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
2022
Note
Fixed assets
Tangible assets
365,768
281,660
365,768
281,660
Current assets
Debtors
Cash at bank and in hand
12
343,142
157,028
364,495
128,987
500,170
493,482
Creditors- amounts falling due within one
year
13
(366,063)
(396,323)
Net current assets
134,107
97, 159
Total assets less current liabiltties
499,875
378,819
Creditors: amounts falling due after more
than one year
14
(272,247)
Net assets excluding pension asset
227,628
378,819
Total net assets
227,628
378,819
Page 13

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limited by Guarantee)
REGISTERED NUMBER: 02190605
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023
2023
2022
Note
Charity funds
Unrestricted funds
227,628
378,819
Total funds
227,628
378,819
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to enlities subject to
the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
N. Mccrac
(Chair of Trustees)
Date..
202
The notes on pages 16 to 28 form part of these financial statements.
Page 14

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limited by Guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Cash flows from operating activltles
Net cash used in operating activities
{104,057)
(144, 840)
Cash flows from investing activities
Purchase of tangible fixed assets
Bank interest received
{151,425)
2,098
(7, 764J
556
Net cash used in investing activitles
{149,327)
{7,2081
Cash flows from financlng activities
Cash inflows from new borrowing
Repayments of borrowing
285,000
(3,575)
Net cash provided by financing activities
281,425
Change In cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
28,041
(152,048)
281, 035
128,987
Cash and cash equivalents at the end of the year
157,028
128,987
The notes on pages 16 to 28 form part of these financial statements
Page 15

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
General infomiation
Humberside Offshore Training Association is a company limited by guarantee incorporated in England,
number 02190605. The registered office is Malmo Road, Sutton Fields Industrial Estate, Hull, HU7 OYF.
Accounting policies
2.1 Basls of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102)
Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland {FRS 102), the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 1021 and the Companies Act 2006.
Humberside Offshore Training Association meets the definition of a public benefit entity under FRS
102. Assets and liabilities are initially recognised at historical cost or transaction value unless
otherwise stated in the relevant accounting policy.
The Charity's financial statements are presented in Sterling and all values are rounded to the nearest
pound.
2.2 Going concern
Whilst sales in 2023 were good. the company incurred a deficit, this was mainly due to the high utility
costs and the energy crisis. However, due to heavy investment for the future. the company should
see an increase in both demand and income from the offshore wind energy sector. Careful cashflow
management should see the company being able to replenish and increase the reserves to ensure it
will continue in operational existence for the foreseeable future. Thus the trustees continue to adopt
the going ¢on¢ern basis of accounting in preparing the financial statements.
2.3 Income
Ail income 15 recognised once the charitable company has entitlement to the income, it is probable
that the income will be received and the amount of income receivable can be measured reliably.
Income from Charitable Activities represents the amount receivable by the charity, exclusive of VAT,
for the provision of training to outside delegates. Income is recognised based upon the date the
training takes place.
Grants awarded to the Charity are credited as income as soon as any conditions attached to their
receipt have been fulfilled. To the extent that there remain on-going conditions after receipt, the grant
is treated as restricted income. accounted for separately and relevant expenditure similarly extracted.
Donated assets are valued at their estimated market value at the time of receipt plus any associated
relocation costs.
Page 16

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limited by Guaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies (continued)
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third party, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation Can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs
and shared costs, including support Costs involved in undertaking each activity.
Employees are categorised as either directly involved in training or administration and related costs
apportioned accordingly, sub-divided between training activities where appropriate.
Staff time spent delivering projects which are subject to restricted funding is recharged from
unrestricted funds at agreed hourly rates.
Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which
contribute to more than one activity and support costs which are not attributable to a single activity
are apportioned be￿een those activities on a basis consistent with the use of resources.
Support costs are apportioned according to the amount of direct cost associated with each class of
activity.
Governance costs reflect the strategic and compliance costs of the charity and are appportioned in
the ratio of direct costs.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
charitable company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.5 Taxation
As the company has charitable status there is no liability to taxation, apart from that arising through
its VAT registration.
2.6 Tangible flxed assets and depreciatlon
Tangible fixed assets are initially recognised at cost. After recognition. under the cost model, tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be
included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful live5, using the straight-line method.
Depreciation is provided on the following bases..
Freehold Buildings
4 % p.a. on cost
Leasehold Property
over the period of the lease
Motor Vehicles
25 % p.a. on cost
Fixtures, Fittings and Equipment- 10_50 % p.a. on cost
Page 17

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies (continued)
2.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-temi highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
2.9 Liabilities and provislons
Liabilities are recognised when there is an obligation at the Balance Sheet date as a resum of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charitable company anticipates it will pay to settle the
debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
2.10 Finan¢lal instruments
The association only has financial assets and financial liabilities of a kind that qualify as basic
financial instruments. Basic financial instruments are initially recorded at transaction value and
subsequently measured at their settlement value.
2.11 Finance leases and hlre purchase
Leasing agreenents which transfer to the company substantially all the benefits and risks of
ownership of an asset are included in fixed assets and the capital element of the leasing commitment
is shown as hire purchase obligations. The lease rentals are treated as consisting of capital and
interest elements. The capital element is applied to the reducing capital element OLrtstanding. Costs
in respect of operating leases are charged on a straight line basis over the period of the lease.
2.12 Pensions
The charitable company operates a defined contribution pension scheme. Contributions are charged
to the income and expenditure account as they become payable in accordance with the rules of the
schemes. The company provides no other post-retirement benefits to its employees.
2.13 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the charitable company and which have not been designated
for other purposes.
Page 18

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Crltlcal accounting estimates and areas of Judgment
Estimates and judgments are continually evaluated and are based on historical experience and other
factors, including expectations of future events that are believed to be reasonable under the
circumstances.
Critical accounting estimates and assumptions=
The charitable company makes estimates and assumptions concerning the future. The resulting
accounting estimates and assumptions will, by definition, seldom equal the related actual results. The
estimates and assumptions that have a significant risk of causing a material adjustment to the carrying
amounts of assets and liabilities within the next financial year are discussed below.
Critical areas of judgment-.
The useful economic lives of tangible fixed assets is the only key area of estimation uncertainty.
Income from donations and legacles
Unrestricted
funds
2023
Total
funds
2023
Total
funds
2022
Grants receivable
Other income
4, 692
11,353
15.431
15,431
Total 2023
15,431
15,431
16,045
Total 2022
16,045
16,045
Page 19

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
IA Company Limited by Guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Income from charitable activltles
Unrestricted
funds
2023
Total
funds
2023
Total
fijnds
2022
Offshore and Standby Vessel
Training (OPITO approved)
STCW (Maritime)
COMPEX and Electrical
Emergency Response
ManageMent￿echnical and Specialist
First Aid & Medical Courses
Other Survival and Firefighting
Miscellaneous
Renewables
Confined Space Courses
Consultancy UK & Overseas
692,517
290,820
255,963
354,470
49,887
51,905
58,503
28,072
283,747
44,950
692.517
290,820
255,963
354,470
49,887
51,905
58,S03
28.072
283,747
44,950
628, 708
313, 120
364,217
415,491
39,209
45,353
50,850
32, 151
177,435
21,680
6, 168
Total 2023
2,110,834
2,110,834
2, 094, 382
Total 2022
2, 094,382
2, 094, 382
Other incomlng resources
Unrestricted
funds
2023
Total
funds
2023
Total
funds
2022
Bank interest receivable
2,098
2,098
556
Total 2022
556
556
Page 20

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysis of expenditure by activities
Activities
undertaken
directly
2023
Support
costs
2023
Total
funds
2023
Total
funds
2022
Offshore and Standby Vessel
Training (OPITO approved)
STCW (Maritime)
COMPEX and Electrical
Emergency Response
ManageMent￿eChnICal and Specialist
First Aid & Medical Courses
Other SuNival and Firefighting
Miscellaneous
Renewables
Confined Space
656,970
275,874
242,824
336,275
47.326
49.241
55.499
26,650
269,183
42,643
90,901
38,171
33,598
46,528
6,547
6,813
7,679
3.687
37.245
5,900
747,871
314,045
276,422
382,803
53,873
56,054
63,178
30,337
306.428
48,543
663,965
330, 678
384, 640
438, 788
41,406
47,896
53,701
40,467
187,384
22, 895
Total 2023
2,002,485
277,069
2,279,554
2,211,820
Total 2022
1,940, 440
271,380
2,211,820
Governance costs
2023
2022
Auditors remuneration
Consultancy and professional fees
Legal charges
5,600
3,349
8,173
5. 600
1, 708
4, 599
17,122
11,907
Page 21

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Staff costs
2023
2022
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
995,150
89,579
40,051
954,008
87,229
39,817
1,124,780
1,081,054
The average number of persons employed by the charitable company during the year was as follows..
2023
No.
2022
Sutvival Training Staff
Office
33
30
41
38
The number of employees whose employee benefits (excluding employer pension costs) exceeded
£60,000 was:
2023
2022
No.
In the band £60,001- £70,000
The key management personnel of the charity are considered to be the Trustees. the Chief Executive,
Company Accountant, Facilities Manager, Operations Manager and Business Operations and HR
Manager. whose employee benefits totalled £228.224 (2022.. £221,378).
10. Trustees, remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2022 - £NIL).
During the year ended 31 December 2023, no Trustee expenses have been incurred (2022 - £NIL).
Page 22

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
11. Tangible fixed assets
Freehold
Land and
Buildings
Fixtures,
Motor Fittings and
Vehicles
Equipment
Leasehold
Property
Total
Cost or valuation
At 1 January 2023
Additions
Disposals
1,433.451
948,919
8,697
1,509,818
151,425
(1,291)
3,900,885
151,425
11,291)
At 31 December 2023
1,433,451
948,919
8,697
1,659,952
4,051,019
Depreclatlon
At 1 January 2023
Charge for the year
On disposals
1,218.578
22,028
941,995
1,029
8,695
1,449,957
44,256
(1,287)
3,619,225
67,313
(1,287)
At 31 December 2023
1,240.606
943,024
8,695
1,492,926
3,685,251
Net book value
At 31 December 2023
192,845
5,895
167,026
365.768
At 31 December 2022
214,873
6,924
59,861
281.660
12. Debtors
2023
2022
Due within one year
Trade debtors
Prepayments and accrued income
254,036
89.106
284,910
79, 585
343,142
364, 495
Page 23

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
13. Creditors: Amounts falling due within one year
2023
2022
Bank loans
Trade ¢￿dItorS
other taxation and social security
Accruals and deferred income
9,178
196,298
100.278
60,309
214,946
102, 737
78, 640
366,063
396,323
Deferred income relates to funding received in advance of performance.
14. Credltors: Amounts falling due after more than one year
2023
2022
Bank loans
272,247
Page 24

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
15. Statement of funds
Statement of funds - current year
Balance at
31
December
2023
Balance at 1
January
2023
Income Expenditure
Unrestricted funds
General Funds
378,819
2,128,363 (2,279,554)
227,628
Statement of funds - prior year
Balance al
31
December
2022
Balance a
1 January
2022
Inc(Y77e Expenditu
Unrestricted funds
General Funds
479, 656
2,110,983 (2,211,820)
378,819
Page 25

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
16.
Summary of funds
Summary of funds - current year
Balance at
31
December
2023
Balance at 1
January
2023
Income Expenditure
General funds
378,819
2,128.363 (2,279,554)
227,628
Summary of funds- prior year
Balance at
31
December
2022
Balance at
1 January
2022
Income Expenditure
General funds
479, 656
2, 110,983 (2,211,820)
378.819
17. Analysls of net assets between funds
Analysis of net assets between funds - current year
Unrestricted
funds
2023
Total
funds
2023
Tangible fixed assels
Current assets
Creditors due within one year
365,768
365.768
500.170
500,170
(638.310) (638,310)
Total
227,628
227,628
Page 26

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
17. Analysis of net assets between funds {continued)
Analysis of net assets between funds - prior year
Unrostricted
funds
2022
Total
funds
2022
Tangible fixed assets
Current assets
Creditors due within one year
281,660
493, 482
(396,323)
281, 660
493,482
(396,323)
Total
378,819
378,819
18.
Reconciliation of net movement in funds to net cash flow from operating actlvitles
2023
2022
Net expenditure for the year (as per Statement of Financial Activities}
1151,191) (100, 837)
Adjustments for:
Depreciation charges
Loss on the sale of fixed assets
Decrease in debtors
Decrease in creditors
Investment income
67,313
54,817
21,353
139.438)
{2,098}
2,840
(101, 104)
(556)
Net cash used in operating activities
(104,057} (144.840)
19. Analysis of cash and cash equivalents
2023
2022
Cash in hand
157,028
128,987
Total cash and cash equivalents
157,028
128,987
Page 27

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
20. Analysis of changes in net debt
At1
January
2023 Cash flows
At31
December
2023
Cash at bank and in hand
Debt due within 1 year
Debt due after 1 year
128,987
28,041
157,028
(9,178)
(9,178)
(272,247) (272,247)
128,987
(253,384) (124,397)
21.
Penslon contributions
The company operates defined contribution pension schemes. The assets of the schemes are held
seperately from those of the charitable company in an independantly administered fund. The pension cost
charge represents contributions paid by the charitable company to the funds and amounted to £40.051
{2022.. £39,817).
22. Operatlng lease commitments
At 31 December 2023 the charitable company had commitrnents to make future minimum lease
payments under non-cancellable operating leases as follows-.
2023
2022
Not later than 1 year
Later than 1 year and not later than 5 years
Later than 5 years
167,673
654,108
10,306
34, 250
168, 395
832,087
202, 645
Leases are negotiated over various terms to suit the requirements at that time. Break clauses are
included wherever appropriate and the above liabilities have been calculated from the balance sheet date
to either the end of the lease or the next break clause, whichever is the earlier.
23.
Related party transactions
As detailed in the Director's Report, some Board Members are nominees of user companies for whom
the charitable company provides training courses. Their respective interest5 in these organisations are
not considered to be so material as to necessitate the seperate disclosure of the level of trade with each
one.
Page 28