Registered number: 02190605
Charliy number: 519889
HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limited by Guarantee)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Llmited by Guarantee)
CONTENTS
Page
Relerence and Adminislrative Detalls of the Charitable company. its Trustees and
Advisers
Trustees. Report
Independent Auditors, Report on the Financial Statements
Statemenl of Financial Aclivllles
9-12
13
Balance Sheet
14-15
Stalemenl of Cash Flows
Notes to the Flnanclal Slatemenls
17-30

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
{A Company Limlled by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND
ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
l. Coates, Specialisl Marine Consultants Ltd (resigned 1 December 2024)
J. Doyle (resigned 1 March 20251
M. Gibbons, Siemens Energy Industrial Turbomachinery Ltd
V. Jackson, Kingston Recruilment Ltd
C. Jenkinson. Centrica Storage Ltd
N. Mccracken (Chairl. formerly B.P.
M. Ranson, Survilec
A. Rhodes, Exolum Immingham Ltd
Company registered
number
02190605
Charity r8gistered
number
519889
Registered office
Malmo Road
Sutton Fields Industrial Estale
Hull
East Yorkshire
HU7 OYF
Company secretary
K. L. Shepherd
Chief executive officer
K. L. Shepherd
Independenl auditors
Streets Audil LLP
Halifax House
George Street
Hull
HU13AJ
Bankers
Natwest Bank plc
Hull City Centre
34 Kind Edward Street
Hull
HU1 3SS
Sollcllors
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 2024
The Trustees present their annual report logether with Ihe audited linancial statements of the charilable
company for the year 1 January 2024 to 31 December 2024. The Annual Report serves the purposes of both a
Trustees, report and a directors. report under company law. The Trustees confirm that Ihe Annual Report and
financial statements of the charitable company comply with the Current stalutory 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 Slandard
applicable in the UK and Republic of Ireland IFRS1021.
Since the Charitable charitable company qualifies as small under section 382 of the Companies Act 2006, the
Strategic Report required ol medium and large companies under the Companies Act 2006 (Strategic Report and
Directors, Report) Regulations 2013 has been omitted.
Objectives and activitl8S
a. Pollcles and objectives
The objects for which the Association is established are.'_
{Al To promote and advance the theoretical and practical training and education of persons engaged in the
Industries including bul not limited to health and salety, emergency rescuelresponse, medical and first
aid. fire-fighting, accidenvincident investigalionlprevenlion and survival.
{Bl Subject to the foregoing objects, to extend such provisions or assistance to the training and education of
members of the public and employees/volunte8rs 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 organisations.
Page 2

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limited by Guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achlevements and performance
a. Maln achievements of the charitable company
HOTA installed a Working at Height Tower in 2023 and gained approval from GWO for a number ol additional
courses including Ihe Working at Height and Advanced Rescue Training and their respective relreshers courses
in May 2023. Due to this expenditure HOTA saw a dramatic increase in Ihe number of delegates attending the
GWO Basic Courses in 2024.
The addition ol 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 for GWO Courses in 2024 was £358,724 and specifically for Working at Heights £117.073 totalling
£475,797. It is hard lo compare income from 2023 to 2024, as the Working at Height Tower only generated
income from Q21Q3. However, in 2023 the lotal income from all other GWO courses was £244,650 and income
specilically from Working at Heights was £39,097.
HOTA'S continuous presence in all Induslries including Offshore, Maritime, Renewables and Onshore had been
paramount throughout 2024. The company has still been able lo accommodate the demands ol the various
induslries enabling skilled workers to carry on training io help support the UK'S Critical National Infraslruclure.
HOTA achieved a grade 5 food hygiene rating in 2024 from the local council.
Page 3

HUMBERSIDE OFFSHORE TFIAINING ASSOCIATION
(A Company Limited by Guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance (conlinued)
b. Key performance indicators
Key Performance Indicators 2024
Health & Safety
Target 1
Rlsk Assessmenl reviews- 75°A withln larget month, 100•h within 6 months of target.
All Risk Assessment reviews were comp18ted within the timescales (target metl.
Target 2
Complete 3 Emergency Drills per quarter.
During the year 12 Emergency Drills have been completed including MER Exercise Training for the pool and
fireground, MER Exercise Albert Dock, HUET Diver Training, Fire Drills etc {targel met).
Slaff
Targel 3
Minimum 20 hrs learning and developmenl time per staff member per year.
All slaff have been enrolled in this process and are undertaking appropriale courses including Diving and
lifeguard training, Health and Safety, Manual Handling, COSHH and Risk Assessment, Working at Heights, Fir8
Exlinguisher, First Aid and relevanl Continuous Personal Development. (target met}.
Flnancial
Targel 4
Average debtors. days al 45 days or less.
In 2024 the average debtors, days up to the end ol December was on average 44 (target metl.
Qualily
Target 5
Set up 60 new Indlvldual Customer Accounts115 per quarter.
For 2024, a total of new individual customer accounts set up were 66 Itargel metl.
Targel 6
complaints
In 2024, 98°/0 Customer satisfaction was achieved with no formal customerlslakeholder complaints Itargel metl.
98°A Customer Satlsfactlon measured by no more than 2% formal complaintslstakeholder
Key Performance Indicators. Metrlcs and Key Activities 2024
In 2024, 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 specific
metrics and key aclivities for enhanced improvements across a range of areas. The main focus for these in
2024 was looking into the restructure and redesigning on of the old fireground to increase the firefighting
provision and the possibility of a rebrand for the company.
The Associalion successfully maintained its IS09001:2015, HOTA successlully Gompleted Stage 1 of the of the
approval for both IS045001 Health & Safety and IS014001 Environment in December 2024 with Stage 2 to be
undertaken in February 2025.
4 external audits were conducted by the relevant governing bodies including MCA, OPITO, ISOQAR and GWO
and all were satisfactory. Stage 1 of the IS045001 and ISO14001 Standards were undertaken in December
2024.
Page 4

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limlted by Guarantee)
TRUSTEES, REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achlevements and performance (continued)
c. Revlew ol activities
Financial Review
Belore depreciation, the charity made a surplus of £80.604 {2023'. deficit £83,877) After deprecialion, the charity
reported a surplus lor the year of £13,68712023: deficit £151.191).
At the balance sheet date, the Association had nel assets of £241.315 (2023.. £227,628) including 175,042 of net
current assets {2023: £143,285).
Revenue 202412025
In 2024, Ihe company saw an increase of 8.70/0 on income compared to 2023.
The company is currently seeing a high demand for courses in all areas of HOTA'S training streams. especially
th8 Global Wind Organisation Renewable courses.
202512026 will see a dramatic increase in the MCA STCW approved Maritime Refresher Training for all
seafar8rs.
Publlc Benefll Conflrmallon
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.
Throughoul 2024 HOTA offered discountedlfree courses to local companies and delegales as follows..
Delegates attending both the BOSIET and MIST course are given a discount on the ￿urse fees. These
discounts amount to over £16,000 in 2024.
12 slaff from Archbishop Sentamu attended the 1 Day Emergency First Aid at a reduGed fee of £40 per
head, this reduction saved the school £300.
12 slaff from Molescroft Primary School attended Ihe 1 Day Emergency First Aid course at a reduced lee
of £40 per head, Ihis reduction saved the school £300.
1 delegate from Hornsea Rescue attended the Capsize free of charge saving the charity £400.
22 sludents from Hull College attended the wel drill at a cost of £50 per person, this saved the college
over £1.500.
27 students Irom Craven College attend the wel drill, saving the college over £1,500.
Future Development
HOTA has never stopped expanding and cjiversifying since its inception in 1989 and conlinues to investigate the
feasibility of new training areas and further expansion.
Further development is expecled to take place 2025 with a complete restructure of the company's old fireground.
A new modern telephone system will be installed in the company together wilh a complete brand-new computer
system.
Page 5

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Llmited by Guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance (conlinued)
Financial review
a. Going concern
Th8 company has operated to a surplus in 2024, after incurring a deficit in 2023. This was mainly due to the high
utility costs and repairs and maintenance costs. However, due to heavy investment lor the luture. 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 lo ensure
il will continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going
concern basis of accounting in preparing the financial statements.
b. Reserves pollcy
HOTA has sel a target for cash reserves of £300k which will sustain HOTA for a period of up to 3 months without
Irading. The figure would cover salaries, lease payments, renl and redundancies. As at the Balance Sheel date,
the chariiy was holding £113k {2024.' £113k) in a separale deposit accounl against this target amount.
2026 should be very busy for the company with current seafarers undertaking their 5 yearly STCW10 Update
courses, generating an increase within the Maritime income stream. Together with Ihe enhanced presence of the
company within the Renewable Industry from the investment of the Working at Heighl Tower and Enhanced First
Aid Training should see Ihe sales increased helping to replenish the reserve account.
Page 6

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Llmlled by Guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Structure, governance and management
a. Constitution
Humberside Offshore Training Association is registered as a charitable company limited by guarantee and was
set up by a Trust deed.
b. Methods of appolntmenl or electlon of Trustees
The management of the charitable company is the responsibility of the Trustees who are elected and co-opted
under Ihe terms of the Trust deed.
Plans lor future periods
HOTA has never stopped expanding and diversifying since its inception in 1989 and continues to investigale the
feasibility of new training areas and further expansion.
Further development is expected to take place late 202412025 with a complele redevelopment of the one of the
company's existing tiregrounds. This will enable HOTA to exlend their Firelighling Provision and include
additional courses such as Helicopter Firefighting, Team Member and Team Leader Firefighling.
Statement of Trustees. responslbllllles
The Trustees {who are also Ihe directors of the charitable company for the purposes ol company law} are
responsible for preparing the Truslees, Report and the financial statements in accordance with applicable law
and United Kingdom Accounting Slandards (United Kingdom Generally Accepted Accounting Praclice).
Company law requires the Trustees to prepare financial slatements for each financial year. Under company law,
the Trustees must not approve the financial stalements unless they are satisfied thal they give a true and fair
view of the state of affairs of the charitable company and of its incoming resources and application of resources,
including ils income and expenditure, for that period. In preparing these financial statements, the Truslees are
required to:
select suitable accounting policies and then apply them consistently..
observe Ihe methods and principles of the Charities SORP IFRS 102)-
make judgments and accounting 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 adequale accounting records that are sufficient to show and explain
the charitable company's transactions and disclose wilh reasonable accuracy at any time the financial position of
the charilable company and enable them to ensure that the financial statements comply with the Companies Act
2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking
reasonable sleps for the prevention and detection of fraud and olher irregularities.
Page 7

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limited by Guaranlee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Dlsclosure of information to auditors
Each of the persons who are Trustees at the time when this Truslees, Report is approved has confirmed that:
so far as that Trustee is aware, there is no relevant audit information of which the charitable companWs
auditors are unaware, and
that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of
any relevant audil informalion and lo establish that the charitws auditors are aware of that information.
Approved by order of the members of the board of Truslees and signed on their behalf by..
N.Mc
(Chair
Date..
acken
Trustees)
0￿}09195
Page 8

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF HUMBERSIDE OFFSHORE TRAINING
ASSOCIATION
Opinlon
We have audited the financial statements of Humberside Offshore Training Association (the 'charitable
company,) for the year ended 31 December 2024 which comprise the Statemenl 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 Standards, including Financial Reporting Standard 102 'The Financial Reporting
Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting
Practice}.
In our opinion the financial statements:
give a true and fair view of Ihe slate of the charitable company's affairs as at 31 December 2024 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 wilh United Kingdom Generally Accepted Accounting
Practice- and
have been prepared in accordanc8 Wlth the requirements of Ihe Companies Acl 2006.
Basls for opinion
We conducted our audil in accordance with International Standards on Audiling (UK) IISAS (UK)} and applicable
law. Our responsibilities under those slandards are further described in the Auditors, responsibilities lor the aLJdil
of the linancial statements section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant to our audit of the financial slatements in Ihe United Kingdom,
including the Financial Reporting Council's Ethical Standard, and we have fulfilled our olher ethical
responsibilities in accordance with these requirements. We believe thal the audit evidence we have obtained is
suff icienl and appropriate to provide a basis lor our opinion.
Conclusions relatlng lo golng concern
In auditing the financial statemenls, we have concluded that the Trustees, use of the going concern basis of
accounting in the preparation of the financial slatements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to
continue as a going concern for a period of at least twelve months from when the financial statemenls are
authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect lo going concern are described in the
relevant sections of this report.
Page 9

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Llmlted by Guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF HUMBERSIDE OFFSHORE TRAINING
ASSOCIATION (CONTINUED)
Other information
The other information comprises the informalion included in the Annual Report other than the linancial
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 staled in our report, we do not express any form ol assurance conclusion
Ihereon. Our responsibilily is to read the other information and, in doing so, consider whether the other
informalion is materially inconsistenl with the financial statements or our knowledge obtained in the course of the
audit, or othe￿iSe appears to be materially misslated. If we identify such material inconsistencies or apparent
material misstatemenls, we are required to delermine whether this gives rise to a material misstatement in Ihe
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.
Oplnlon on olher matters prescribed by Ihe Companies Act 2006
In our opinion, based on the work undertaken in Ihe 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 stalements.
the Truslees, Report has been prepared in accordance with applicable legal requiremenls.
Mallers on which we are required to report by exception
In Ihe light of our knowledge and understanding ol the charitable company and its environment obtained in the
course of the audit, we have not identified material misstalements in the Trustees. Report.
We have nothing io report in respect of Ihg following matters in relation to which Companies Act 2006 requires
us to report lo you if, in our opinion..
adequate accounting records have not been kept, or relurns adequate for our audit have not been
received from branches not visited by us. or
the financial stalemenls 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 informalion and explanations we require for our audit., or
the Trustees were not enlilled 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 lo prepare a Strategic Report.
Page10

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Llmiled by Guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF HUMBERSIDE OFFSHORE TRAINING
ASSOCIATION (CONTINUED)
Responsiblllties of trustees
As explained more fully in Ihe Truslees, Responsibilities Stalement, the Trljstees (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 salisfied that they give a true and fair view. and for such inlernal control as the
Trustees delermine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due lo fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability
to continue as a going concern, disclosing, as applicable. matters related to going concern and using the going
concern basis of accounting unless the Trustees either intend to liquidale the charitable company or to cease
operations. or have no realistic alternative but to do so.
Audllors, responsibilities for the audit of the tlnancial statemenls
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 Audilors, Report that includes our
opinion. Reasonable assurance is a high level of assurance, but is nol 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 wilh laws and regulations. We design procedures
in line with our responsibilities, outlined above, to detecl material misstatements in respect of irregularities,
including fraud. The exlent to which our procedures are capable of detecting irregularities. including fraud is
detailed below..
the engagement partner ensured that the engagemenl leam 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 lo Ihe charilable 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 the 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 ol compliance wilh Ihe laws and regulalions 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 company's financial stalements to material misstalemenl,
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 aclual, suspected and alleged fraud., and
considering ihe internal controls in place to mitigate risks of fraud and non-compliance wilh laws and
regulations.
Page11

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
{A 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 potenlial bias.
investigated the ralionale behind significant or unusual transactions- and
reviewed Trustee meeling minutes for evidence of appropriate decision-making and management
controls.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures
which included. but were not limited to:
agreeing financial statement disclosures to underlying supporting documentation.
reading the minutes of meetings of those charged wilh governance-
enquiring of management as to actual and potential liligation 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 Ihal laws and
regulations are Irom financial transactions, the less likely it is that we would become aware of non-compliance.
Auditing slandards also limit the audit procedures required to identify non-compliance with laws and regulations
to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if
any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they
may involve deliberate concealment or collusion.
A further description of our responsibililies for the audit of the financial slatements is located on the Financial
Reporting Council's websile at: www.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 state to the charitable
company's members those matters we are required lo slate lo Ihem in an Auditors. Report and for no other
purpose. To the fullest extent permitted by law. we do nol 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 Statulory Auditor)
for and on behalf of
Streels Audit LLP
Halifax House
George Street
Hull
HUI 3AJ
Date..
Page12

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Llmlled by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2024
Unreslricted
funds
2024
Total
funds
2024
Total
runds
2023
Note
Income from..
Donations and legacies
Charitable activities
Other income
20,511
2,290,951
2.342
20,511
2,290,951
2,342
15,431
2,110,834
2,098
Tolal income
2,313,804
2,313,804
2, 128,363
Expenditure on:
Charitable activities
2,300,117
2,300,117
2,279,554
Total expendlture
2,300,117
2,300,117
2,279,554
Net movement In funds
13,687
13,687
(151,191)
Reconcillation of funds:
Total funds brought forward
Net movemenl in funds
227,628
13,687
227,628
13.687
378,819
(151,191)
Total funds carrled lonvard
241,315
241,315
227,628
The Statement ol Financial Aclivities includes all gains and losses recognised in the year.
The notes on pages 17 to 30 lorm part of these financial statements.
Page13

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
{A Company Limited by Guarantee)
REGISTERED NUMBER: 02190605
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Note
Flxed assets
Tangible assets
338,518
365. 768
338,518
365. 768
Current assets
Debtors
Cash al bank and in hand
12
331,401
162,273
343, 142
157.028
493.674
500, 170
Creditors: amounts falling due within one
year
(319,225)
(366.063)
Net current assets
174,449
134,107
Total assets less Current liabllltles
512,967
499,875
Creditors.. amounts falling due after more
than one year
14
(271,652)
(272,247)
Net assets excludlng penslon asset
241,315
227,628
Total net assets
241,315
227,628
Page 14

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limiled by Guarantee)
REGISTERED NUMBER: 02190605
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
2024
2023
Nole
Charity funds
Unrestricted funds
241,315
227,628
Total funds
241,315
227,628
The Trustees acknowledge their responsibilities for complying with Ihe requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial stalements have been prepared in accordance with the provisions applicable lo entities subject to
the small companies regime.
The financial statements were approved and aulhorised for issue by the Truslees and signed on their behalf by..
ken
(Chair of Trustees)
Date. o+ioq195
The notes on pages 17 to 30 lorm part of these financial statements.
Page 15

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Llmited by Guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Cash flows from operating activities
Net cash used in operating activities
40,873
(104,057)
Cash flows from investing aclivllies
Purchase of tangible fixed assets
Bank interest received
{28,003)
2,342
(151,425)
2,096
Nel cash used in investing activlties
(25.661) (149,327)
Cash flows from financing activities
Cash inflows from new borrowing
Repaymenls of borrowing
285,000
(3,575)
(9,967)
Nel cash (used in)Iprovided by flnanclng acllvllles
(9,967)
281.425
Change in cash and cash equlvalents in the year
Cash and cash equivalents al the beginning of the year
5,245
28,041
157,028
128.987
Cash and cash equivalents at the end of the year
162,273
157,028
The notes on pages 17 to 30 form part of these financial statements
Page16

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limiled by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
General Information
Humberside Offshore Training Association is a company limited by guarantee incorporated in England,
number 02190605. The registered olfice is Malmo Road, Sutton Fields Industrial Estate. Hull, HU7 OYF.
Accountlng pollcles
2.1 Basls of preparallon ot flnancial slatemenls
The financial stalements have been prepared in accordance wilh the Charities SORP {FRS 1021
Accounting and Reporting by Charilies.. Statemenl of Recommended Practice applicable to charilies
preparing iheir accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021, the Financial Reporting Standard applicable in Ihe UK and
Republic ol Ireland {FRS 1021 and Ihe Companies Acl 2006.
Humberside Oflshore Training Association meels Ihe 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 accounling policy.
The Charity's financial statements are presented in Sterling and all values are rounded to the nearest
pound.
2.2 Going concern
The company has operated lo a surplus in 2024, after incurring a deficit in 2023. This was mainly due
to the high utility costs and repairs and maintenance costs. However, due to heavy investment for the
future. Ihe 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 concern basis of accounting in
preparing the financial statements.
2.3 Income
All income is recognised once the charitable company has entitlement to the income, il is probable
that the income will be received and the amount ol income receivable can be measured reliably.
Income from Charitable Activities represents the amount receivable by the charity. exclusive of VAT,
lor the provision of training to outside delegates. Income is recognised based upon the date the
training takes place.
Donated assets are valued at their eslimated markel value at Ihe lime of receipt plus any associated
relocation costs.
Page17

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (continued)
2.4 Expendlture
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third party, il is probable Ihat a transfer of economic benefits will be required in seltlemenl and
the amount of the obligalion can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the lotal of direct costs
and shared costs, including support costs involved in undertaking each activity.
Employees are categorised as either direclly involved in training or adminislration and related costs
apportioned accordingly, sub-divided belween training activities where appropriate.
Staff time spent delivering projects which are subjecl to restricted funding is recharged from
unrestricted funds at agreed hourly rates.
Direct costs attributable to a single aclivity are allocated directly to that activity. Shared costs which
contribute to more than one activity and support costs which are nol altribulable lo a single activily
are apportioned between those aclivities on a basis consislent 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 stralegic and compliance costs of the charity and are appportioned in
the ratio of direcl 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 Taxatlon
As the company has charitable status there is no liability to taxalion, apart from that arising through
its VAT registration.
2.6 Tangible fixed assels and depreclallon
Tangible fixed assets are inilially recognised al cosl. After recognilion, 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 inlended working condition should be
included in the measurement of cosl.
Depreciation is charged so as lo allocale the cost of tangible fixed assets less their residual value
over their estimated useful lives, using the slraight-line melhod.
Deprecialion is provided on the following bases..
Freehold Buildings
40/0 p.a. on cost
Leasehold Property
over the period of the lease
Motor Vehicles
250/0 p.a. on cost
Fixtures. Fittings and Equipment- 10_500/0 p.a. on cost
Page 18

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limiled by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounling 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 al bank and in hand
Cash at bank and in hand includes cash and short-terrn 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 provisions
Liabilities are re¢ognis8d when there is an obligation at the Balance Sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised al the amount that the charitable company anticipales it will pay to settle the
debt or the amount it has received as advanced payments for the goods or services il must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligalion. Where
the effect of the time value of money is material, Ihe provision is based on the present value of Ihose
amounts, discounted at the pre-tax discount rate that rellecls the risks specilic to the liability. The
unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
2.10 Financial instruments
The association On￿ has financial assets and financial liabilities of a kind that qualify as basic
financial instrumenls. Basic linancial instruments are initially recorded at transaction value and
subsequently measured at their settlemenl value.
2.11 Flnance leases and hire purchase
Leasing agreenents which transfer lo the company substantially all the benefils 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 obligalions. The lease rentals are treated as consisting of capital and
interest elements. The capital element is applied to the reducing capital element oulstanding. 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 Ihe income and expenditure account as they become payable in accordance with the rules of the
schemes. The company provides no other post-retirement benetits to ils employees.
2.13 Fund accounting
General funds are unrestricted funds which are available for use at the discretion ol the Trustees in
furtherance of the general objectives of the charitable company and which have not been designated
for other purposes.
Page19

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Llmlled by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Critical accounting estimates and areas ol judgment
Estimates and judgments are continually evalualed and are based on historical experience and other
faclors, including expectations of future events that are believed to be reasonable under the
circumstances.
Critical accounling estimates and assumptions:
The charilable company makes estimales 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 signilicant risk ol causing a material adjLtstment to the carrying
amounts of assets and liabilities within the next financial year are discussed below.
Critical areas ol judgment..
The useful economic life of tangible fixed assets is the only key area of estimation uncertainty.
Income from donations and legacies
Unreslrlcted
funds
2024
Total
tunds
2024
Total
funds
2023
Other income
20.511
20,511
15,431
Total 2023
15,431
15,431
Page 20

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from charitable activities
Unrestricted
funds
2024
Total
tunds
2024
Total
lunds
2023
Offshore and Slandby Vessel
Training {OPITO approved)
STCW (Maritime)
COMPEX and Electrical
Emergency Response
ManagementlTechnical and Specialisl
First Aid & Medical Courses
Other Survival and Firefighting
Miscellaneous
Renewables
Confined Space Courses
628.190
301,910
273,871
353,126
51,571
46,321
74,207
37,222
476,308
48,225
628,190
301,910
273,871
353,126
51,571
46,321
74,207
37,222
476,308
48,225
692,517
290,820
255,963
354,470
49,887
57,905
58,503
28,072
283, 747
44,950
Total 2024
2,290,951
2,290,951
2, 110.834
Total 2023
2,110,834
2,110.834
Other Incomlng resources
Unre51rlcted
funds
2024
Total
funds
2024
Total
lunds
2023
Bank interesl receivable
2,342
2,342
2, 098
Total 2023
2.Q98
2,098
Page 21

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis ol expenditure by activities
Activilles
undertaken
dlreclly
2024
Support
costs
2024
Total
funds
2024
Total
funds
2023
Offshore and Standby Vessel
Training {OPITO approved)
STCW (Maritime)
COMPEX and Electrical
Emergency Response
ManagemenVTechnical and Specialist
First Aid & Medical Courses
Other Survival and Firefighting
Miscellaneous
Renewables
Confined Space
556,318
267.373
242,538
312,726
45,670
41,021
65,717
32,959
421,814
42,708
74.384
35,750
32,429
41,814
6,107
5,485
8,787
4,407
56,400
5,710
630.702
303,123
274,967
354,540
51,777
46,506
74,504
37,366
478,214
48,418
747,871
374,045
276,422
382,803
53,873
56,054
63,178
30,337
306,428
48,543
Total 2024
2,028,844
271,273
2,300,117
2,279.554
Total 2023
2,002,485
277,069
2,279,554
Governance costs
2024
2023
Auditors remuneration
Consultancy and professional tees
Legal charges
6,500
3,349
8,173
5,600
1,708
4,599
18,022
11,907
Page 22

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Staff costs
2024
2023
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
1,040,907
94,281
41.275
995, 150
89,579
40,051
1,176,463
1, 124, 780
The average number of persons employed by the charitable company during the year was as follows-
2024
2023
Survival Training Staff
Olfice
34
35
42
41
The number of employees whose employee benefits (excluding employer pension costs) exceeded
£60,000 was:
2024
No.
2023
No.
In the band £60,001 £70,000
The key management personnel of the charity are considered to be the Truslees, the Chief Executive,
Company Accountant, Facilities Manager. Operations Manager and Business Operations and HR
Manager, whose employee benefits totalled £238,185 {2023: £228,224).
10. Trustees. remuneratlon and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 December 2024, no Truslee expenses have been incurred (2023- £NIL).
Page 23

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limiled by Guaranlee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Tangible fixed assets
Freehold
Land and
Buildings
Fixtures,
Motor Fittlngs and
Vehicles
Equipment
Leasehold
Property
Total
Cosl or valuallon
At 1 January 2024
Additions
1,433,451
948,919
8,697
11,663
1,659,952
28,003
4,051,019
39,666
At 31 December 2024
1,433,451
948,919
20.360
1,687,955
4,090,685
Deprecialion
At 1 January 2024
Charge lor the year
1,240,606
19,754
943,024
943
8.695
485
1,492,926
45,734
3,685,251
66,916
At 31 December 2024
1,260,360
943.967
9,180
1.538,660
3,752,167
Net book value
At 31 December 2024
173,091
4,952
11.180
149,295
338.518
At 31 December 2023
192,845
5,895
167,026
365, 768
Included in the carrying value of tangible assets is an amount of £10,93412023: Nil} relating to assets
held under finance leases or hire purchase agreements.
12. Debtors
2024
2023
Due within one year
Trade debtors
Other debtors
Prepayments and accrued income
229,704
15,265
86,432
254,036
89,106
331,401
343,142
Page 24

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limited by Guaranlee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
13. Creditors: Amounts falling due within one year
2024
2023
Bank loans
Trade creditors
Olher laxation and social security
Obligalions under finance lease and hire purchase contracts
Accruals and deferred income
7,395
147,313
99,816
3,887
60,814
9,178
196,298
100,278
60,309
319,225
366,063
Deferred income relates to funding received in advance of performance.
Obligations under hire purGhase conlracts and finance leases are secured against the assets to which
they relate.
The bank loans are secured by a fixed charge over the land and buildings occupied by the company.
14. Creditors: Amounts falling due after more Ihan one year
2024
2023
Bank loans
Net obligations under finance lease and hire purchase contracls
264,849
6,803
272,247
271,652
272,247
Obligations under hire purchase contracts and linance leases are secured against the assets to which
they relate.
The bank loans are secured by a fixed charge over the land and buildings occupied by the company.
Included in creditors= amounts lalling due after more then one year is an amount of £222,455 {2023'.
£235,537) in respect of liabilities payable or repayable by installments which fall due for payment after
more than five years from the reporting date.
Page 25

HUMBERSIDE OFFSHORE TFIAINING ASSOCIATION
(A Company Limlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
15. Statement of funds
Statement of funds - current year
Balance at
31
December
2024
Balance at 1
January
2024
Income Expenditure
Unreslrlcled funds
General Funds
227,628
2,313,804 (2,300,117)
241,315
Statement of funds - prlor year
Balance al
37
Decembe
2023
Balance al
l January
2Q23
Income Expenditure
Unrestrlcted funds
General Funds
378,819
2, 128,363 (2,279,554)
227.628
Page 26

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
16. Summary of funds
Summary of funds- current year
Balance at
31
December
2024
Balance al 1
January
2024
Income Expendllure
General funds
227,628
2,313,804 (2,300,117)
241,315
Summary of funds- prlor year
Balance al
31
Decembei
2023
Balance al
l January
2023
Income Expenditure
General funds
378,819
2.128,363 (2,279,554)
227,628
17.
Analysls ol net assels between funds
Analys5s of nel assels between lunds- curreni period
Unrestricted
funds
2024
Total
funds
2024
Tangible fixed assets
Current assels
Creditors due within one year
Creditors due in more than one year
338.518
338,518
493,674
493,674
{319,2251 (319,225)
{271,6521 (271,652)
Total
241,315
241,315
Page 27

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
17.
Analysis of nel assets between funds {contlnued)
Analysls of net assets between funds - prlor period
Unrestrictea
funds
2023
Total
funds
2023
Tangible fixed assets
Current assels
Creditors due within one year
Creditors due in more than one year
365, 766
365, 768
500,170
500, 170
(366,063) (366,063)
(272,247) (272,247)
Total
227,628
227,628
18.
Reconcillation ol net movemenl in funds to net cash flow from operatlng acllvllles
2024
2023
Nel incomelexpenditure for the period (as per Statement of Financial
Activities)
13,687
(151,191)
Adjustmenls for:
Deprecialion charges
Loss on the sale of fixed assets
Decrease in debtors
Decrease in creditors
Investment income
66,917
67,313
11,741
{49,130)
{2,342)
21,353
(39,438)
(2,098)
Nel cash provided byl(used in) operating activities
40,873
(104,057)
19.
Analysls ot cash and cash equlvalents
2024
2023
Cash in hand
162,273
157.028
Total cash and cash equivalenls
162,273
157, 028
Page 28

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
20.
Analysis ot changes in net debt
At1
January
2024 Cash flows
At31
December
2024
Cash at bank and in hand
Debt due within 1 year
Debt due after 1 year
Finance leases
157,028
(9,178)
(272,247)
5,245
1,783
7,398
(10,690)
162,273
(7,395)
(264,849)
(10,690)
(124,39n
3,736
(120.661>
21.
Pension contributions
The company operates defined conlribution pension schemes. The assets of the schemes are held
seperately from those of the charilable company in an independantly administered fund. The pension cost
charge represents contributions paid by the charitable company to the funds and amounted to £41,275
12023: £40,051).
22. Operatlng lease commltments
At 31 December 2024 Ihe charitable company had commitments to make future minimum lease
payments under non-cancellable operating leases as lollows..
2024
2023
Not later than 1 year
Later than 1 year and not later than 5 years
Laler Ihan 5 years
164,673
499.741
167,673
654, 708
10,306
664.414
832,087
Leases are negotialed over various terms to suit the requiremenls at that time. Break clauses are
included wherever appropriale and the above liabilities have been calculated Irom the balance sheet date
to either the end of the lease or Ihe next break clause. whichever is the earlier.
Page 29

HUMBERSIDE OFFSHORE TRAINING ASSOCIATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
23.
Related party Iransactlons
As detailed in the Direclor's Report, some Board Members are nominees of user companies for whom
the charitable company provides training courses. Their respeclive inlerests in these organisations are
not considered to be so material as to necessitate the seperate disclosure of the level of Irade with each
one.
Page 30