Charity Registration No. 52863S
Company Registratlon No. 00926888 IEngland and Wales)
NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING ASSOCIATION LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025

NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING
ASSOCIATION LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustèes
E Sims
l Raeside
A Sims
Mr J Bailey
Secretary
l Raeside
Charity number
528635
Company number
00926888
Registered office
Hanley Technical Inslilule
151-153 Marsh Street North
Hanley
Sloke-on-Trent
Slaffordshire
ST15HR
Auditor
Geens Limited
Graphi¢ house
124 City Road
Stoke on Trent
ST4 2PH
Bankers
National Weslminsler Bank plc
1 Upper Market Square
Hanley
Sloke-on-Trent
ST1 1NS
Solicitors
Freelh Cartwright LLP
Federation House
Slalion Road
Stoke on Trent
ST4 2SA

NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING
ASSOCIATION LIMITED
CONTENTS
Page
Trustees. report
Slalement of Iruslees. responsibilities
Independent auditor's report
8-10
Statement of financial activities
11
Balance sheet
Statement of Cash flows
Notes to the financial slalemenls
14-25

NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING
ASSOCIATION LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT)
FOR THE YEAR ENDED 31 AUGUST 2025
The trustees present their report and the financial slalemenls and business plan for the year ended 31 August 2025.
The trustees, who are also dirèctors for the purposes of company law and who served during the year and up lo the
dale of this report are sel out in the Reference and Administration Information.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
rinancial slalemenls and comply with the charitable company's governing document, Ihtt Companies Act 2006 and
"Accounting and reporting by Charities". Statement of Recommendalion Pra¢tice applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland
IFRS 1021° leffeclive 1 January 20191.
Obje¢tlves and actlvities
In 2024125 the group underwent senior management changes. From Seplembttr 2024, Sarah Slanway commenced
a joint CEO role alongside Paul Williams, taking on sole responsibility from January 2025. Paul continued lo
provide support as required until his ietirement at the end of March 2025.
During 2024125, the group remained focused on sustaining steady growth and organisalional stability while
upholding high standards of quality. This slralegi¢ direction ensured that. alongside expansion and sound financial
management, the group continued lo deliver ex￿llenCe in learning provision and in the services offered lo Searners
and employers.
The Group's Charitsble Objectives and Activltles for 202412S'.
To promote, organise and arrange the provision Df training for persons employed Dr looking for employment in
the engineering industry.
To provide suppc)rt lo ernployers through apprenticeship programmes
To offer advice and guidance lo school l young persons on engineering careers.
To offer local employers a range of engineering focused based training support services.
To upskill and link unemployed people with local engineering employment opportunities.
Offer health and safety supptsrt advice and guidance to local engineering companies.
The achlevement of these objeGtlves has been supported through th8 followlng key activltlès:
The group offers Level 2 Apprenticeship piogr8mmes across a wide range of engineering discip5ines. These
programmes are primarily deliVe￿d in the workplace and are supported by structured off-the-job and practical
training provided al NSEG. In addition, elements of dislan¢e learning are delivered online IhroLJgh wr bespoke
virtual lttarning studi05. Both apprentices and employers benefit from secure acGess to recorded lessons via our
dedicated media sile, ensuring flexibility and ongoing support throughout the programme.

NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING
ASSOCIATION LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) {CONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2025
At any one lime, the group supports 40 - 50 apprentlces, with numbers inlenlionally ieduced in recent years lo
priorilise quality over quantity.
The group provide a free recruitment service to all companies looking to recruit an apprentice and manage the full
pro¢ess
frorn advertising the role, screening candidates, to shortlisting and aTranging interviews ensLJring
individuals are fully prepared and job ready.
The group conduct regular training needs I skills gap analysis with Companies where we offer free advice and
guidance. Identified training requiiemenls are then formally agreed and delivered by NSEG or. where appropriate,
in collaboration with alternative training organisalions. Training costs are agreed in advan￿, and wherever
possible, financial support is provided, inclu¢Jing free training for upskilling employees Iwith an q)prenliceships I
NVQI and discounted courses are offered lo our member companies.
The group ¢ontinues lo offer programmes to unemployed adults aged 19 and over who are settking to enter or re-
enter the workforce. We work closely with our four local job ¢entres, visiting on a weekly basis to engage with
individuals and provide information about employment opportLJnilies within the engineering sector Owing lo the
success of our programmes in Welding and General Engineerlng, Employabillty, Digital Skills, and Functional
Skills. we have now expanded our reach lo Include Stafford and Crewe Jobcentres.
The Group continues lo deliver impartial advice and guidance throLJgh engagement with schools and community job
fairs. Ulilising the Educational Engineering Careers Van and the Virtual Welder, participants are provided with
interactive taster sessions designed to introduce and demonslrale key engineering principles. These activities serve
to raise awareness of engineering as a potential career path and inspire individuals lo explore oppLytunilie5 Within
the sector.
Health and Safety support for member companies has continued lo ensure compliance with legislative
requirements, with NSEG acting as the competent person for many organisalions. The group provides advice,
guidance, and general support through onsite inspection visits. as well as via telephone and email. Planned
investment in this area for 2025 was not pursued due to subslanlial funding requirements exceeding £500,000 for
premises and equipment, combined with limited employer commitment to support the expansion of services.
Membership costs have remained static and the Health & Safely service has ¢onlinued lo be subsidized by the
group's surplus.
The group has invested in rebranding NSEG, refreshing ils visual idenlily, modernising eommunicalions, and
strengthening ils presence across digital platforms and our new website. This initiative has enhanced the
organisation's profile, reinforced Its commitment lo excellence, and ensures NSEG is recognised as a leading
provider ol engineering training and support.
In 2024-25, NSEG continued lo invest in its workforce, enhancing salaries and benefits lo remain competitive with
local FE providers lo allracl lop lalenl.
The Group has referied lo the guidance contained in the Charity Commission's general guidance on public benefit
when reviewing its aims and objectives and in planning investments that influence future activities. and believes
these have been achieved. Surplus funds accumulated over a nurnber of years have been reinvested lo enhan¢e
opportunities for local people and lo support the needs of local engineering companies, in line with the Group's
PLJblic benefit objectives.

NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING
ASSOCIATION LIMITED
TRUSTEES. REPORT {INCLUDING DIRECTOR'S REPORTI (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Achievements and performance
This year, the Group has continued lo make a meaningful difference in both the local community and the
engineering sector, by upskilling employèes, managing apprenli¢eship programmes, and providing lar9eted
programmes for unernployed individuals.
A comprehensive breakdown of the group's performan￿ can be seen below..
Adult Skills Fundin
L11 L2 NVQ'S
Employability Skills
Functional Skills IMathslEnglishlDigilall
stats Targets v Actual Stats
Targèt
216
135
Actual Stats
272
161
80
70
Qualification AGhievement Rates
Apprenticeshlps: 79°/o, significantly above the national average of 60.5%
Adult Skills Fundlng.. 97 /0, wel5 above the national average of 84.2°/0
Progression for unemployed learners.. 70Q/o moved into employment, further education, or apprenticeships
upon course completion
Workplace Level 2 NVQS: 100Yo
Functional Skills (Maths l Digital Sklllsl: 990
Overall End Point Assessment results for apprenli¢eships showed that 40°/o of lèarners achieved a Dislinclion. while
600A achieved a pass.
The consistently high success rates dernonstrale the Group's ability lo deliver impactful programmes, enabling both
learners and èmployers lo allain qualification5 and training that make a meaningful contribution lo the engineering
sector.
Twenty apprentices succèssfully completed their apprenticeship prograrnmes, while 175 unemployed adult5
completed their courses allained qualifications al the Ace Academy. The learner cohort was diverse,
ncompassing male and female learners, individuals requiring additional support, previous offenders, and those
with lower academic attainment.
Progression rates for unemployed adults have shown a slight decrease compared lo the previous year, primarily
due lo the impact of increased National Minimum Wage rates and higher National Insurance conlribulicns, which
have constrained companies, capacity to recruit new employees.
Satisfaction survey results 101 2024125 show that 1000kn of our employers would recornmend NSEG to other
erllployers and 100010 Df our learners would recommend NSEG lo their friends and family.
The group maintained ils Matrix accreditation followng a successful monitoring visit, continuing lo provide high-
quality advice and guidance to employers and learners.
The group have Continued to maintain its Ofsled "Good. rating following the full inspection that look place in
December 2023.
The group continues to hold accreditation from EAL, NOCN, Qualilmin, and Information Commissioner's Office
IICO), the Inslilule of Mechanical Engineers, the British Safety Council, the Institute of Occupational Safety and
Health, and Cyber Se¢urity, demonslraling ongoing compliance with professional and regulatory standards.

NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING
ASSOCIATION LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Financial review
To ensure surplus funds are used lo enhance the group's nol-for-profit services, the group has designated three
areas for the allocation ol surplus and current assets.
£692,661 Fixed Assets
£131,000 Staff Contingencies
£500,000 Strategic Development Fund
These areas will be shown on the balance sheet and constitute a ¢ommitment to develop ils charitable aclivilies.
The Iruslees have reviewed the reserves of the charity. Cash reserves are required to fund new service
opportunities for members in 2025126 and cover the cost of repairs on the group's capital investment The cash
reserves of £1,180,000 (after dedLJCting certain fund designations) meet these requirements.
Investment powers, policy and performance
In considering the investment of funds surplus lo immediate needs, the trustees have adopted a policy designed lo
achieve maximum returns while maintaining minimal risk of loss. In line with this approach, funds will be held in
bank deposit and building society accounts, with higher-risk investments prohibited.
Flnancial performance
This year a surplus was achieved, part of which was invested in ntrrisk bonds, while the remainder was reinvested
in the group's assets. The allocation of surplus has been tailored lo ensure that maximum investment is directed
back into the Group, supporting the achievement of its charitable objectives and the continued improvement of ils
services.
The trustees have assessed the major risks facing the charitable company and are satisfied that appropriate
systems are in place to rnitlgate exposure to these risks.

NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING
ASSOCIATION LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2025
Plans for future periods
The Group's objectives continue to fo¢LJS on sustaining slea(5y growth and organisalional stability. while upholding
high standards of quality lo ensure excellence in learning provision and services for learners and member
companies.
In 2025126 the group remains Commilled lo fulfilling its charitable objectives, through the following..
Apprenticeships
Apprenlice5hip starts are projected lo incr&ase by 500kn compared lo 2024125, supported by the introduction of new
Level 3 apprenticeship programmes designed lo expand provision and respond to employer demand.
A significant investment is being made in a nttw, state-of-the-art workshop tc> strengthen apprenticeship provision.
This will include the introduction of Level 3 apprenticeships, ensuring lèarners have clear progression opportunities
and develop thè advanced, practical ski115 demanded by the engineering se¢lor.
Adult Skill Fundlng
The Adult Skills Funding outturn is piojecled lo rise by 5Q/o. while qualifications delivered lo unemployed learners.
encompassing NVQS, Employability, Functional Skills Imalhs and English). and Digital Functional Skills, are
anlicipaled lo increase by 10°k.
Significant investment is being made in the expansion of the welding workshop, creating additional ¢apacily lo
support larger cohorts of unemployed adults and equip them with the pr8¢1i¢al skills needed lo enter or re-enler the
workplace.
From 31 July 2026, Adult Skills Funding will be devolved, requiring NSEG to engage in procurement processes lo
secure future funding. This will be a critical slep in maintaining the group's presence within the lo¢al area, enabling
continued support for individuals seeking ernploymenl and for employers wishing to upskill their workforce.
School Careers l Job falrs
The group will continue lo offer impartial advice and guidance through engagement with Schools and Community job
fairs. ulilising the Educational Engineering Careers Van and Virtual Welder to raise awareness of engineering as a
career path and inspire individuals lo explore opportunities within this sector.
Health & Safety
The group will continue lo provide Health and Safely sUPPOrt to member companies, ensuring compliance with
legislative requirements, with NSEG acting as their designated compelenl person.
structurei governance and management
Governing doGument
North Slaffordshire Engineering Group Training Association Limil&d INSEGTAI is a ¢ompany limited by guarantee,
and is a registered Charity by ils memorandum and articles of association which We￿ last amended in November
2001.
The Iruslees, who ale also the directors for the purpose of company law, and who served during the year and up lo
the dale of signature of th& financial statements were".
E Sims
l Raeside
A Sims
Mr J Bailey

NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING
ASSOCIATION LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2025
A board of trustees administers the charity. It endeavours to meet bi-monthly and 81 other limes when required. It
ha5 power lo appoint sutFcommillees consisting of not less than two Iruslees for the purpose of making inquiry into
or supervising or performing any function or duty which In the opinion of the trustees would be more convonienlly
undertaken or Carried out by a sv￿ComMittee provided that all acts and proceedings of any such sub-committees
shall be fully and promptly reported to the trustees. A chief executive is appointed by the Iruslees lo manage the
day lo day operations ol the charity. The pay scales of senior staff are set by the Iruslees and are benchmarked
against similar sized organisalions operating in the area. Pay of individual members are reviewed ￿nUallY and this
review lakes Into a¢counl performance and any other additional responsibilities undertaken.
Auditor
In accordance with the company's articles, a resolution proposing that Geens Limitttd be reappointed as auditor of
the company will be pul al a General Meeting.
The trustees, report was approved by the Board of Trustees.
l Raeside
Trustee
Dale..

NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING
ASSOCIATION LIMITED
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 AUGUST 2025
The trustees. who are also the directors of North Slaffordshire Engineering Group Training Association Limited foT
the purpose of company law, are responsible for preparing the Trustees, Report and the accounts in &cordance
with applicable law and United Kingdom Accounting Standards (United Kingdom Generally A¢¢epted Ac¢c>unting
Praclicel.
Company law requires the trustees to prepare accounts for each finan¢ial year which give a true and fair view of the
slate of affairs ol the charitable company and of the incoming resources and application of resources, including the
income and expenditure, of the charitable company for that year.
In preparing these accounts, the trustees are required lo".
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Gharities SORP,
make judgetnenls and eslimales that are reasonable and prudent.,
slate whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the accounts., and
prepare the accounts on the going concern basis unless il is inappropriate lo presume that the charitable company
will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accura¢y at
any lime the financial position of the charitable company and enable them lo ensure that the accounts comply with
the Companies Act 2006. They arè 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.
Each of the Iruslees has confirmed that there is no inloimslion of which they are aware which is relevant lo the
audit, but ol which the auditor is unaware. They have further confirmed that they have taken appropriate steps lo
identify such relevant information and lo establish that the auditor is aware of such informatlDn.

NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING
ASSOCIATION LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING
ASSOCIATION LIMITED
Opinion
We have audited the financial statements of North Slaffordshire Engineering Group Training Association Limited
Ilhe '¢haritable Company'l for the year ended 31 August 2025 which comprise the statement Df financial aclivilies,
the balance sheet, the statement c>f cash flows and notes lo the financial slatemenls, including 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 Reportin9
Sfrandard applicable th8 UK and Republic of I￿land (United Kingdom Generally Accepted Accounting Praclicel.
In OUT opinion, the financial slalemenls..
give a true and fair view Df the slate ol the charitable company's affairs as at 31 August 2025 arKJ of ils
incoming resources and application of resources, 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 A¢t 2006.
Basis for oplnion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the Audilols responsibilities for the audit ol
the financial slalemenls section of our report. We are independent of the Gharilable ¢ompany in accordance with the
ethical requirements that are relevant lo our audit of the financial statements in the UK, including the FRC'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 lo provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial slatemenls, we have concluded that the trustees. use of the going concem basis of
accounting in the preparalioll of the financial slalements is appropriate.
Based on the work we have performed, we have not identified any malttrial uncertainties relating lo events or
conditions that, individually or collectively, may cast significant doubt on the ¢harilable company's ability lo continue
as a going concern lor a period of al least twelve months from when the financial statements are aulhorised for
issue.
Our respon5ibililies and the responsibilities of the trustees with respect lo going concem are described in the
relevant sections ol this report.
other information
The other information comprises the information included in the annual report other than the financial slalements
and our audilorfs report Ihereon. The trustees are responsible for the other information ¢onlainÈd within the annual
report. Our opinion on the financial statements does not ¢ovei the other informalitsn and we do not express any form
of assurance conclusion Ihereon. Our responsibility is to read the other information and, in doing so, consider
whether the other information is materially In¢onsistenl with the financial slal&ments or our knowledge obtained in
the Course of the audit, or otherwise appears lo be materially misslaled. If we identify such material inctsnsislenGi&s
or apparent material misstatements, we are required lo determine whether this gives rise lo a mater￿[ misstatement
in the financial statements themselves. If, based on the work we have performed, we conclude that there is a
material mis5talement of this othèr information, we are required lo report that fact.
We have nothing lo report in this regard.

NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING
ASSOCIATION LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING
ASSOCIATION LIMITED
Matters on whlch we are required to report by exceptlon
We have nothing to report in respect of the following mallers in relation lo which the Charities (Accounts and
Reports) Regulations 2008 requires us to report lo you if, in our opinion..
the information given in the financial slalemenls is inconsistent in any material Tespe¢t with the trustees,
report.. or
sufficient ac¢ounling records have not been kept., or
the financial statements are not in agreement with the accounting records", or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
A5 explained more fully in the slalemenl of trustees, respDnsibililies, the Iruslees, who are also the directors of the
charitable company for the purpose of company law, are responsible for the preparation of the financial stalernenls
and for being satisfied th81 they give a true and fair view, and for such internal control as the Iruslees determine is
necessary lo enable the preparation of financial statements that are free frorn material misstaterllenl, whether due
lo fraud or error. In preparing the financial slatemenls, the Iruslees are iesponsible for assessing the charilsble
company's ability ID continue as a going ¢on¢ern, diSGlosing, as applicable, matters related to going Concem and
using the going concern basis of accounting unless the trustees either intend lo liquidate the charitabl& company or
lo cease operations, or have no realistic alternative but to do so.
Auditor's rèsponsibÉllties for the audlt of the flnancial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the
Act and relevant regulations made or having effe¢l thereund6r.
Our objectives are ID obtain reasonable assurance about whether the financial statements as a whole are free from
material misslalemenl, whether due lo fraud or error, and lo issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in accordance
with ISAS IUKI will always detect a rnalerial misslalement when il exists. Misstalemenls can arise from fraud or
eiror and are considered rnalerial il, individually or in the aggregate. they could reasonably be expected lo influence
the economic decisions of users taken on the basis of these financial stalemenls.
Irregularities. including fraud, are instances of non-¢ompli8n¢e with 18ws and regulations. We design procedures in
line with our responsibilities, Dullined above, to detect mal&rial misslalements in respect of irregularities, including
fraud. The extent lo which our procedures are capable of detecting Irregularities, including fraud, is detailed below.
As part of our planning process.
we enquired of management the systems and controls the charity has in place, the areas ol the financial
statements that are most susceptible to the risk of irregularities and fraud, whttlher there was any known,
suspected or alleged fraud. the charity did not infom us of any known, suspected or alleged fraud.
We obtained an understanding of the legal and regulatory frameworks applicable lo the charity. We
determined that the following were most relevant.. the Charity SORP. FRS 102, Charities AGt 2011.
Companies Act 2006.
We considered the incentives and opportunities that exist in the charity, including the exlenl of
management bias, which present a potential for irregularities and fraud to be perpetuated, and lailtsred our
risk assessment acGording1y.
Using our knowledge of the charity, together with the discussions held with the charity at the planning
stage, we formed a Conclusion the risk of misslalement due lo irregularities including fraud and tailored our
procedures according lo this risk assessment.

NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING
ASSOCIATION LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING
ASSOCIATION LIMITED
The key procedures we undertook lo delect iiregularities including fraud during the course of the audit included..
Identifying and testing journal entries and the overall accoLJnting records. in particular those that were
significant and unusual.
Reviewing the financial slalemenl disclosure5 and determining whether accounting policies have be
appropriately 8pplied.
Reviewing and challenging the assumptions and judgements used by management in their significant
a¢¢ounting estimates.
Assessing the extent of compliance, or lack of, with relevant laws and regulations.
Assessing the validity of the classification of income, expenditure. assets and liabilities between
unrestricted and restricted fLJnds.
Obtaining third party confirmation of material bank balances.
Documenting and verifying all significant related party balances and transactions.
Reviewing documentation such as charity board minutes for discussions of irregularities including fraud.
Because of the inherenl1imilalions of an audit, there is a risk that we will not delecl all irregularfcies, including those
leading lo a material misstalemenl in the Iinan¢ial statements or non-compliance with reguSalion. The risk increases
the more that compliance with a law or regulation is removed from the events and transactions reflected in the
financial slalemenls, as we will be less likely to become aware of inslan¢es of noTrcomplian¢e. The risk is also
greater regarding irregLJlarilies o¢¢urring due lo fraud rather than error, as fraud involves intentional concealment.
forgery, collusic>n, omission or misrepresenlalion.
A further description Df our responsibilities is available on the Financial Reporting Council's website at.. htlps'.11
wNw.fr¢.org.uklaudilorsresponsibilits"es. This description forms part of our auditor's report.
This report is made solely lo the charity's trustees, as a body, in accordance with Part 4 of the Charities {A￿OuntS
and Reports) Regulations 2008. Our audit work has been undertaken so that we might slate lo the ¢harity's trustees
those matlers we are required to slate lo them in an auditor's report and for no other purpose. To the fullest extent
permilled by law, we do not accept or assuTlle responsibility to anyone other than the charity and the charity's
Iruslees as a body, for our audit work. for this report, or for the opinions we have formed.
Geens Llmited
Statutory Audltor
Chartered Accountants
Graphic House
124 City Road
Stoke on Trent
ST4 2PH
Dale..
Geens Limited is eligible for appointment as auditor of the Charitable company by virtue of its eligibility for
appDintmenl as auditor of a company under secliDn 1212 of the Companies Act 2006.
10-

NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING
ASSOCIATION LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2025
Unrestricted Unrestricted
funds
funds
general designated
2025
2025
Total Unrestricted Unrestricted
fvnds
funds
general deslgnated
2024
2024
Total
2025
2024
Notes
Income and endowinents from:
Charitable activities
Investments
Other income
1,044,111
55,663
1,044,111
55,663
1,167.973
50,439
2,945
1,187,973
50,439
2,945
Total In¢ome
1,099.774
1.099,774
1,221,357
1,221,357
Expenditure on-
CharilabSe activities
Other expenditure
833,038
57,068
19,694
890,104
19,694
778,291
52,710
831,001
11
Total expenditure
833,036
76,762
909,798
778,291
52,710
831,001
Net incomèllexpenditurel
266.738
176,7621
189,976
443,066
152,7101
39Q,356
Transfers between
funds
1156,5771
156.577
113,6301
13,630
Net movement In
funds
110,161
79,815
189,976
429,438
139,0801
390,356
Recon¢lliation of funds..
Fund balances al 1 September
2024
1,062,715 1,243,846 2,306,561
633,279 1,282,926 1,916,205
Fund balan¢es at 31 August
2025
1,172,876 1,323,661
2,496,537
1,062,715 1,243,846 2,306,561
The slalemenl of financial activities in¢ludes all gains and losses re¢ognised iri the year. All income and expenditure
derive from continuing aclivilies.
The slalemenl of financial activities also Complies with the requirements for an income and expenditure account
under the Companies Act 2006.

NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING
ASSOCIATION LIMITED
BALANCE SHEET
ASAT31AUGUST2025
2025
2024
Notes
Flxed assets
Tangible asset5
13
692,661
612,846
Current assets
Debtors
Cash al bank and in hand
14
112,472
1,810,591
84,376
1.650,396
1,923,063
1,734.772
Credltors: amounts falllng due within
one year
186,2721
124,0811
Net current assets
1,836,791
1,710,691
Total assets less current Ilabllities
2,529,452
2,323.537
Creditors.. amounts falling due after
more than one year
16
132,9151
116,9761
Net assets
2.496,537
2,306,581
The funds of the charitable company
Unrestricted funds- general
Unreslricled funds - designated
1,172,876
1,323,661
1,062,715
1,243,848
19
2,496,537
2,306.561
The company is enlilled lo the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 August 2025.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006
with respect lo accounting records and the preparation of financial slalements.
The members have not required the company to obtain an audit of its financial statements under the requirements
of the Companies Act 2006, for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject
lo the small companies regime.
The financial slalemenls were approved by the trustees on
l Raeside
Trustee
Company registration number 00926888 IEngl8nd and Wales)
12-

NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING
ASSOCIATION LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST2025
2025
2024
Notes
Cash flows from operating activltlès
Cash generated from operations
24
242,196
418,745
Investing a¢tivitie5
Purchase of tangible fixed assets
Proceeds from disposal of tangible fixed
assets
Investment income received
1158,5771
117,4271
2,000
55,663
6,744
50,439
Net cash (used inllgènerated from Investing
activities
{100,9141
39,756
Financing actlvltles
Payment of finance leases obligations
18.913
11,4121
Net cash generated fromllused Inl financing
activities
18,913
{1,412)
Net Increase In cash and cash equivalènts
160,195
457,089
Cash and cash equivalents al beginning of year
1,850,396
1,193,307
cash and cash equivalents at end of year
1,810,591
1,850,396
13

NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING
ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Accounting policies
Charity information
North Staffordshire Engineering Group Training Association Limited is a private company limited by guarantee
incorporated in England and Wales. The registered oftice Is H8nley Technical Instilute, 151-153 Marsh Street
North, Hanley, Sloke-on-Trent, Staffordshire, ST1 SHR.
1.1 Accounting ¢onvention
The financial statement5 have been prepared in accordance with the charitable company's governing
document,
the Companies Act 2006 and "Accounting and Reporting by Charities." Statement ol
Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffe¢live 1 January 20191" The
charitable company is a Public Benefit Enlily as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charitable company.
Monetary amounts in these financial slalements are rounded to the nearest £.
The accounts have been prepared on the historical cost convention. The principal accounting poli¢ies adopted
are sel out below.
1.2 Golng concern
The financial statements have been prepared on a going concern basis as the Iruslees believe that no
material uncertainties exist. The trustees have considered the level of funds held and the expected level of
income and expenditure for 12 mtsnlhs from aulhorising these financial statements. The budgeted Income and
expenditure is sufficient with the level of reserves for the charity lo b& able to continue as a going concern.
1.3 Charltable funds
1.4 Income
All incoming resources are included in the slalemenl of financial activities when the charity is entitled lo the
income and the amount can be quanlilied with reasonable accuracy.
l.S Expenditure
Expenditure is recognised on an accruals basis as a Siabilily is incurred.
1.6 Tangible flxed assets
Tangible fixed assets are initially measured al cost and subsequently measured 81 cost or valuation, nel of
depreciation and any impairmenl10sses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual valuès over their
useful lives on the following bases..
Land and buildings
Fixtures, fillings & equipment
Motor vehicles
20A p.a.
1 Ooh p.a. lo 250/0 p.a. slraighl line
25 /0 reduGing balance
1.7 Impalrment of fixed assets
Al each reporting end dale, the charitable company reviews the carrying arnounls of its tangible assets lo
determine whether there is any indication that those assets have suffered an impairment loss. If any such
indication exists, the re¢overable arnounl of the asset is eslimaled in order to determine the extent of the
impairment loss lil any).
14-

NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING
ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Accounting policies
(Continuedl
1.8 Cash and cash equivalents
Cash and cash equivalents include ¢ash in hand, deposits held al call with banks, other short-lerm liquid
investments with original malurilies of three months or less, and bank overdrafts. Bank ovèrdrafts are shown
within borrowings in current Iiabililies.
1.9 Financial instruments
The charitsble company has elected lo apply the provisions of Section 11 'Basic Financial Inslrumenls, and
Section 12 '01her Financial Inslrumenls15sues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charitable company's balance sheet when the charitsble company
becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the nel amounts presented in the financial slalemenls, when
there is a legally enforceable right lo sel off the recognised amounts and there is an inlention lo sellle on a net
basis 01 lo realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried al amortised cost using the effective
interest method unless the arrangement constilules a financing Iransaclion, where the transaction is
measured at the present value Df the future reoÈipls discounted at a market rale of interest. Financial assets
classified as Teceivable within one year are not amortised.
Baslc finoncial liabilities
Basi¢ financial liabilities, Including creditors and bank loans are initially recognised al transaction price unless
the arrangement conslitules a financing Iransaclion, wher& the debt instrument is measured al the present
value of the future payments discounted al a market rale of interest. Financial Iiabililies classified as payable
within one year are not amortised.
Debt instruments are subsequently carried al amortised cost, using the effective interest rate method.
Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amount5 payable are classified as current liabilities if payment is due within one
year or less. If not. they are presented as non-currenl liabilities. Trade creditors are recognised initially al
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financlal liabilities
Financial liabilities are derecognised when the Charitable Company's contractual obligations expire or are
discharged or cancelled.
1.10 Employee benefits
Termination benefits are recognised immediately as an Èxpense when the charitable company is
demonstrably committed to temiinate the employment of an employee or to provide lerminalion benefits.
1.11 R&tlrement benefits
Payments lo defined contribution retirement benefit schemes are charged as an expense as they fall due.
15-

NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING
ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 AUGUST 2025
Accounting policies
Icontlnuedl
1.12 Leases
Leases are classified as finance leases whenever the terms ol the lease transfer substantially all the risks and
rewards ol ownership lo the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets al the lower of the assets fair value al the date of
inception and the present value of the minimum lease payments. The related liability is included in the balance
sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest
elements. The interest Is ch8rged to net incomellexpendilurel for the year so as lo produce a constant
periodic rale ol interest on th& rèmaining balance of the liability.
1.13 Fund accounting
Unresliicled funds are available for use al the discretion of the Iruslees in furtherance of the general
objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unreslri¢led funds that have been set aside by the trustees for particular
purposes. The aim and use of each designated fund is sel out in the notes lo the financial slatemenls.
Restricted funds are subject to specific conditions by donors as lo how they may be used. The purposes and
uses of the reslricled ftjnds are sel out in the notes lo the accounts.
Crltlcal accounting estimates and judgements
In the application of the charitsble company's accounting policies, the trustees are required lo make
judgernenls, estimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical experience
and other factors that are considered lo be relevant. Actual results may differ from these eslimales.
The eslimales and underfying assumptions are reviewed on an ongoing basis. Revisions lo accounting
eslimales are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Key sources of estimation uncertainty
UsefLFI economlc lives of tanglblè assets
The annual depreciation charge for tangible assets is sensitive lo changes in the eslirnaled useful economic
lives and residual values ol the assets. The usefLJI econornic lives and residual values are re-assessed
annually. They are amended when necessary to reflect current estimates, based on technological
advancement. future investments, economic ulilisation and the physical condition of the assets, See note 13
for the carrying amount of fixed assets, and note 1.6 for the useful economic lives for each class of assets.
16-

NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING
ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Income from charitablè actlvlties
Trainlng andTraining and
educatlon
education
2025
2024
Membership fees
Services to managing agents
Courses
Safety services
ESFA Funding
Enhanced apprenticeships
35,796
28,598
55.914
13,926
898,110
11,767
35,751
31,203
89,209
14.493
973,611
23,706
1,044.111
1,167,973
Analysls by fund
Unrestricted funds- gener81
1,044,111
1,167,973
Income from investments
Unrestricted Unrestricted
funds
funds
2025
2024
Interest receivable
55,663
50,439
Other Income
Unrestricted Unrestricted
funds
funds
202S
2024
Nel gain on disposal of tangible fixed assets
2,945
17-

NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING
ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Expenditure on charitable activities
Training and Tralning and
education
education
2025
2024
Direct Costs
Staff costs
Depreciation and impairment
Course expenses linG NSEG costs)
Rent, rates and insurance
Heal, light and water
Minor equipment, maintenance and premises expenses
Printing. stationery and telephone
Publicity (including website)
Motor and Iiavelling expenses
Auditors, remuneralionl Independent examiner's fees
Sundry expenses
EAL charges
Subscriptions and donations
Irrecoverable VAT
Other charitable expenditure
576,216
57,068
45.840
14,891
5,461
30,876
12,389
11,863
12,621
5,000
22,898
34,271
5,141
22,621
33.148
534,970
52,710
59,781
16,085
12,903
25,617
11,956
11.525
13,356
4,500
11,968
25,367
5,344
13,236
31,683
890,104
831,001
Analysls by fund
Unreslricled funds- gèneral
Unrestricted funds- designated
833,036
57,068
778,291
52,710
890,104
831.001
Net movement In funds
202S
2024
The nel movement in funds is slated after Ghargingllcredilingl..
Fees payable for the audit of the charity's financial slalemenls
Depr&¢ialion of owned tangible fixed assets
Lossllprolitl on disposal of tangible fixed assets
5,000
57,068
19,694
4,500
52,710
12,9451
Audltor's remuneration
Fees payable to the charity's auditor and associates..
2025
2024
For audit services
Audit of the financial slalements of the charity
5,000
4,500
16-

NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING
ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED>
FOR THE YEAR ENDED 31 AUGUST 2025
Trustees
None ol the Iruslees lor any persons connected with them) re￿iVed any remuneration during the year, and
none of them were reimbursed any expenses12024- none).
10 Employees
The average monthly number of employees during the year was..
2025
Number
2024
Number
17
17
Employment cost5
2025
2024
Wages and salaries
Social security costs
Other pension costs
483,393
41,712
51,111
465.351
39,073
30,546
576,216
534,970
The lolal amount of employee benefits paid to ils key management personnel, including the trustees,
amounted lo £159,05412024.. £78,276)
The number of employees whose annual remuneration was more than £60,000
is as follows..
202S
Number
2024
Number
£60,00110 £70,000
£70.00110 £80,000
£90,001 to £100,000
11 Othèr expenditure
Unrestricted Unrestricted
funds
funds
deslgnated deslgnated
2025
2024
Net loss on disposal of tangible fixed assets
19.694
12 Taxation
The charity Is exernpl from laxalion on ils activities because all ils income is applied foi charitable purposes.
19-

NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING
ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2025
13 Tangible fixed assets
Land and
k)uildings
Fixtures,
fittings &
equlpment
Motor
v8hlcl8S
Totsl
Cost
At 1 September 2024
Additions
Disposals
523,394
45,489
220,570
60,613
75,114
52,495
137,2141
819,078
158,577
137,2141
Al 31 August 2025
568,863
281,183
90,395
940,441
Depre¢lation and Impalrment
At 1 September 2024
Depreciation charged in the year
Elirninaled in respect of disposals
62,156
7,924
118,963
29,559
25,113
19,585
115,5201
206,232
57,068
115,5201
Al 31 August 2025
70,080
148,522
29,178
247,780
Carrying amount
AI 31 ALJgusl 2025
498,783
132,661
61,217
692,661
Al 31 August 2024
461,238
101,607
50,001
612,846
14 Debtors
2025
2024
Amounts falling due wlthln one year:
Trade debtors
other debtors
Prepayments and accrued income
9,016
8,686
518
75,172
103,456
112,472
84,376
15 Credltors- arnounts falllny due within one year
2025
2024
Notes
Obligations under finance leases
Other taxation and social Security
Trade creditors
Ac¢ruals and deferred income
17
4,548
12,316
62,726
6,682
1,574
9,534
8.473
4,500
86,272
24,081
Details of the obligation under finance lease are provided in note 16.
-20-

NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING
ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
16 Creditors.. amounts falllng due after more than one year
2025
2024
Notes
Obligations under finance leases
17
32,915
16,976
17 Flnance lease obligations
Future minimum lease payments due under finance leases..
2025
2024
Within one yeaT
Within two and five years
4,548
32,915
1,574
16,976
37,463
18,550
The obligation under finance lease is secured over the relevant asset included within motor vehicles.
18 Retirement beneflt schemes
2025
2024
Defined contribution schemes
Charge lo profit or loss in respect Df defined conlributiDll schemes
51,111
30,546
The charitable company operates a defined contribution pension scheme for all qualifying employees. The
assets of the scheme are held separately from those of the charitable company in an independently
administered fund.
21

NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING
ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
19 Unrestricted fund5 - deslgnated
The income fLJnds of the charity include the following designated funds which have been sel aside out ol
unreslricled funds by the Iruslees for spe¢ific purposes..
At1
September
2024
Resources
expended
Transfers At 31 August
2025
Fixed Assets
Staff Contingencies
Slralegi¢ Development Fund
612,846
131,000
500,000
178,7621
156,577
692,661
131,000
500,000
1,243,846
176,7621
156,577
1,323,661
Prevlous year..
At1
September
2023
Resources
expended
Transfers At 31 August
2024
Fixed Assets
Staff Contingencies
Strategic Development Fund
51,926
131,000
500,000
152,7101
13,630
812,846
131.000
500,000
1,282,926
152,7101
13,630
1,243,846
Flxed Assets. This fund represents the net book value of the fixed assets hèld by the charity.
Staff Contingencie5. This fund is to provide resources should the setvices of the charity be affecleLI by
si¢kness or other absence of staff or should the charity have lo make staff redundant
Strateglc Development Fund This is a fund sel aside lo ensure the charities sustainability giving it the ability
lo implement any possible rapid ¢apiial investment due lo any proposed changes in delivery or apprenticeship
developments I requirements, or loss of ESFA short term ¢onlracl. This would have signili¢ant impact on the
charity. The charity will rely on ils ability lo react quickly lo those change5 required lo deliver training, fund
new equipment and any other resources required. This will be a significant cost lo the Charity and must be
accounted fDr and designated as r¢quired and reviewed yearly.

NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING
ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
22 Capital commitments
2025
2024
Amounts contracted for bul not provided in the financial slalemenls".
2025
2024
Acquisition of property, plant and equipment
251,182
This the estimated cost for the setup of the Machining Workshop, including necessary machinery, equipment,
and infrastructure adjuslmenls, lo deliver advanced m8¢hining as part of the Level 3 Machining TechrMGian
apprenticeship standard.
All costs include installation, staff training, and the installation of additional structural girders in the cellai lo
comply with Health & Safety regulations.
23 Related party transactions
There were no disclosable related party Iransa¢tions during tho year12024- none).
24 Cash generated from operatlons
2025
2024
Surplus for the year
189,976
390,356
Adjustments for..
Investment income re¢ognised in slalemenl of financial activities
Lossllgainl on disposal of tangible fixed assets
Depreciation and impairment of18ngible fixed assets
155,6631
19,894
57.068
150,4391
12,9451
52,710
Movements in working ¢apltal'.
Ilncreaselldecrease in debtors
Increase in creditors
128,0961
59,217
15,417
13,648
Cash generated from operations
242,196
418,745
-24-

NORTH STAFFORDSHIRE ENGINEERING GROUP TRAINING
ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
25 Analysis of ¢hanges In net funds
At 1 Septetnbpr
2024
Cash flows
At 31 August
2025
Cash at bank and in hand
1,650,396
180,195
1,810.591
Obligations under finance leases
118,5501
118,9131
137,4631
1,631,846
141,282
1,773,128
25-