Company reglstratlon number: N1032292
Charity Commission Nl number: 101034
HMRC Charfty Reglstration No: XR20056
Electrical Tralnlng (N.1.) Limited
Company limited by guarantee
Unaudltod Ilnanclal statemonts
31 August 2023
*ADIM)JDM*
3010312024
COMPANIES HOUSE

Electrlcal Tralnlng (N.1.) Llmlted
Company limited by guaranteè
Contents
Page
Reference and administrative details
Trustees report
Independent 8xamlners report
Statement of financlal activities
10
Balance sheel
Notes to the financlal slatements
13-20

Electrlcal Training IN.1.) Limited
Company limited by guarantee
Reference and admlnlstratlvo details
Trustees
Mr Lewis Darragh
Mr Michael Hilland
Mr Peter Williamson
Mr Michael Dowds
Mr Rodney White
Mr Colin Cherry
Mr William Connolly (Appointed 31'August 2023)
{Resigned 30 September 2022)
Company number
N1032292
CCNI number
101034
Reglslarad offlce
Units 57-59
8allymena Buslness Centre
62 Fenaghy Road
Ballymena
Co. Antrim
BT42 1 FL
Ind•pondent examlner
Potter Flnnegan Llmited
Unit 25 The Courtyard Business Park
190 Galgorm Road
Ballymena
Co. Antrim
BT42 1 HL
Bankers
Ulster Bank Limited
91- 93 University Road
Belfast
BT71NG
Solicitors
McKer4ill Neilly
1 Broadway Avenue
8allymena
BT43 7A4
Page 3

Electrical Trainlng IN.1.) Llmlted
Company limlted by guarantee
Trustees Report
Year ended 31 August 2023
The trustees pr8sent their report and the unaudited financial statements of the company for the.year ended 31
August 2023.
Electrical Training {N.l.) Limited is a charltable company limited by guarantee, incorporated in Northern Ireland,
and was set up on 22nd April 1997. The company registration number is N1032292 and its charity number is
NIC101034. Charitable registration was granted by the Charity Commission of Northern Ireland on 24th
November 2014. The registered office is 62 Fenaghy Road, Galgorm, Ballymena, Co Antrim, BT42 1FL. The
charitable company is governed by its memorandum and articles of association supported by a set of standing
orders. In the event of the charitable company being wound up members are required lo contribute an amount
not exceeding a £1.
Objectives and Activitios
Charltable obJecllve8
The charity's principal object as set out In Its Memorandum and Article5 of Association includes the following
goals..
(a) To promote and advance for the public benefit the education and training of persons employed or intending
lo be èmployed in the Northern Ireland @leclrical inslallalion industry.
(b) To promote useful research Into any matters relatlng to the trainlng for employment in the Northern Ireland
electrical inslallalion industry and other related industrles and to publish and dlsseminate any useful results of
such research for the public benefit.
The organisation's core business activity includes the provision of cuslomised and accredited Iraining. AM2
Skills asse88ment, and the management of the Sparksafe Electrical Licence to Practise system.
The charlty seeks to improve the productlvlty, safety, and performance of the electrical contracting industry,
and to increase the employability of existlng and new entrants within the sector. The charity dedicates it time
and resources to supporting individuals, employers and professionals working within the industry to improve
their knowledge. enhance their skills and prove their competence.
Publlc 8eneflt
The trustees confirm that they have had due regard for the guidance produced on public benefit by the Charity
Commission for Northern Ireland. The organisation ensures income received from its charitable activities is used
effectively to support the development and quality improvement activlties for the industry. Public benefit activities
include but are not limited to -
Dlstrlbution of technical updates. a5 well a5 the development of new standards and qualifications vla
ezines. blogs and written correspondence to the industry and its clients.
Participation in forums and engagement with industry stakeholders to develop resources and
partnerships that ar8 of benefit to eleGtriGal installation employers and the wider BSE sector.
Campaigning for the improvement of quallty and standards withln the industry. emphasislng the role of
th& qualified electriclan.
Promoting the LtP system lo clients and contractors with the aim of reducing the safety. quality, and
value for money risks associated with the use of unqualified, underqualified, and semi-skilled electrical
workers on construction and maintenance projects.
Encouraging contractors and workers to remain up to date wlth national occupalional standards to
improve productivity. safety, and quality outcomes.
Promoting the apprenticeship and training needs of the electrlcal contacting industry to the school
leavers and others within Northem Ireland.
Engaging with electrical instsllation employers regarding their current employment, training. and
recruilment needs, incentivising the recruitm8nt of apprentices.
Supporting initiatives which positively promote careers within the industry. as well as best practice,
and the Importance of competency and electrical safety withln the industry.
Organising industry awareness events, providing access to new and innovative resources, as well as
providing discounts and incentives to improve industry productivity and employability Outcomes.
Page 4

Electrffical Tralnlng (N.1.) Limlted
Company limited by guarantee
Trustees Report
Year ondod 31 August 2023
Achlavement and Performanc•
The charity. with the support of the Board of Employers. is committed to improving quality and ralslng
standards within the Nl electrical contracting industry. Part of ETT'S mission Is to share the latest thinking and
best practice to those within the industry, as well as promote continuous professlonal development.
ETT'S Slay Connected Nl industry event held on 10th November 2022 presented a unique opportunity for over
100 individuals, businesses, and industry representatives to get together in person with top Nl and UK
industry experts. business advisors and other specialists to discuss the challenges affecting the industry.
Feedback from atlendees, speakers and exhibitors was exc8llent, with plans Unde￿aY for Stay Connected
2023.
February 2023 saw the return of in-house training and the launch of a range of accredited Level 3 renewables
courses. The charity also successfully delivered a number of fully funded and part funded industry support
services in the period. These include a part funded 18th Edition Amendment 2 Workshop. a free Luceco EV
Charging Regulations Workshop and a free AICO Expert Installer Workshop.
Further support Initiatives are planned for 2024 including employer network breakfast mornings, fully funded
accredited Firsl Aid Mental Health trainlng. as well as a range of new courses and workshops including l & T,
Surge Protection and Fire Alarms.
8uilding effective relatlonships wlth contractors, workers and other Induslry stakeholders remains a priority.
Throughout the period, the organisation has continued lo engage with the industry through planned employer
support visits.
The purpose of each visit is to hear first-hand from employers on apprenticeshlp recrultment plans, skills
issues, and training needs. The feedback received from these visits has been used by ETT lo help improve
training programmes as well as develop industry inilialives and support services including the free apprentice
aplilude testing service. This industry specific aptitude test was developed to help employers with their 2023
apprentice recruitment. The lesl aims lo provide measurable. objective data that should give a belter all.round
view of a potential apprentlce's sultability. while reducing the work for the employer.
There contlnues to be demand for 18th editlon tralnlng and the EWA programme drlven by the Sparksafe LtP
contract conditions. This Is a valuable step towards Improvlng Ihe performance, productivity, and perceptlgn of
the local electrical induslry.
Sparksafe seeks to encourage those wilhin the industry to remain up to dale with industry developments and
technical standards to help improve productivity. quality, safety, and value for money outcomes. A key
objective of the initialive is lo improve quality and raise standards through the achievement of accredited
electrical qualifications, highlighting the role of the qualified electrician while promoting safety and
compelancy.
The charity continues to promote the system and ils benefits to new and existing clients. Ensuring system
users to have access to useful resources, advice. and guidance regarding the Sparksafe requirements is a
priority. There has been good engagement with clients and main contractors. online training and system
demonstrations prove an effective way.of highlighting the importance and benefits of specifying LtP in contract
conditions.
Sparksafe delivered a number of online main contractor trainino sessions in 2023 with the aim of helping main
contractors become familiar wlth the onllne syslem. the reporting tools, and capabilities. while learning how to
ensure compliance with LIP contract conditions. Similar training sessions were held throughout the period for
electrical contractors.
Sparksafe became a member of the Electrical Safely Roundtable (ESR) in November 2022. The ESR is a
leading industy forum, bringing together exp8rts in their field with the common goal of improving electrical
safety in the Home and Workplac8. The charity was privileged to attend the House of Commons on 16th
November for the 10th anniversary of the ESR. Stakeholders from across the industry spoke about the
progress and challenges faced in relation to enhancing electrical safety stsndards across the UK.
Pago 5

Electrlcal Training (N.1.) Limited
Company limited by guarantee
Trustees Roport
Year ended 31 August 2023
In July 2023, Sparksafe partnered with Super Rod in the 'Save our Sparks. Safe Isolation campaign. Electrical
workers wilhin the Nl electrical installation industry were asked lo complete a short suNey designed to gain
feedback about safe isolation practices and lo get more electrical workers thinking about their health and
safely at work. Sparksafe has made a commitment to raise awareness of the 'Save Our Sparks, campaign
and commits to engage in regular. effective communication to ensure safe Isolation remains fronl of mind with
all system users including clients, main contractors, electrical contractors, and electrical workers.
The organisation continues to be deemed low risk with awarding bodies, providing assurance that ETT &
Sparksafe are operated in line with external accreditations and standards. Positive EQA & ISO feedback
received following 4 extemal audlls during the year.
Financlal Revlew
The income for this financial year has Increased to £466.249 from £397.991 in 2022. Expenditure has also
Increased to £570,777 from £535.910 in the previous year.
The Trustees are committed to securing the future of the organisation through effective financial management.
This includes closely monitoring all expenditure and reducing expenses where possible and raising income
through a diverse rang8 of accredited courses. skills programmes and Industry support initiatives. The
trustees will continue to provid8 and build on the successful support initiatives described earlier in this report
which will enable Electrical Training (Nl) Limited to access new sources of incom8.
Detailed financial plans and proJeclions have been put in place to help reduce the net expenditure in Ihe short
term with the expectation of a return to a net income in the medium to long lerm.
Re8erve• pollcy
The Board of Trustees have established a policy whereby the funds held by the charity should not be less
than six months of resources expended. The trustees conslder the amount in reserves as appropriate.
Plans for Future Periods
The organisalion will continue lo bulld a network of associations with other responsible UK and ROI Industry
stakehold8rs with the aim of promoting competency, via planned continuous profession81 development, Level 3
apprenticeship recruitment and structured workforc8 development plans.
Efforts to build on the Sparksafe LIP achievement by progressively adding further projects features as a
recurring objective. Actions lo explore opportunities in other parts ofthe UK and in Ihe ROI continue with a view
to extending use of the system.
Objecllves
Promote accredited Level 3 EV, EESS and, Solar PV courses to individuals and employers helping the
Nl sector meet the Govemments Net Zero objectives and targets.
Ensure effective communication with the industry regarding Cllmale Change Act targels and the
important role of qualified electricians in the journey to NET Zero
Raise awareness of the 'Save Our Sparks, Safe Isolation campalgn helplng lo improve safety and
protecl lives.
Increase the range of technical and health & safely training services to eledrical contracting business
and the wider BSE sector ensuring local needs are met.
Build effective relationships with the college network regarding employer recruitment, training and
apprenticeships needs.
Continue to develop and Improve the organisations AM2 Assessment capabilities including AM2S &
AM2E.
Establish and develop further collaborative relatlonships with other UK and ROI Induslry Stakeholders
aimed at advancing the uptake of Licence to Practise.
Page 6

Electrical Training (N.1.) Limited
Company limited by guarantee
Trustee report
Year ondod 31 August 2023
Slructure. Governance and Management
The trustees act both as trustees and directors and have overall responsibility for matters relating to the
company.
The day-lo-day operational activity of the organisation is overseen by the Chief Executive, who reports to the
appointed Board Chaimian and Trustees. The Board determines remuneration for key management personnel
from market rates of slmilar organisations.
Trustees are appointed by referral or a declared interest. Trustees are unpaid and provide their service
voluntarily. Each trustee is required to be actively engaged in the strategic decision-making processes within
Electrical Training (N.1. l Limited. Board members are informed of progress about the organisation's activities
through scheduled meetlngs and by electronic updales end reports,
Related partles
Many employers and wider industry stakeholders consider ETT a trusted advisor, seeking advice. guidance and
support regarding technlcal skills training and apprentice recruitment needs. The charity has developed
extenslve, good quality links with employers and other external bodles. These links are used very effectlvely to
help develop products and s8rvlces that are closely aligned to Industrles and employers, needs.
During the year. existing relationships with the Construction Industry Training Board, NET, NAPIT and the
Northern Ireland Branch of the Electrical Contractors Association have been maintained. The organisation
continues to develop new relationships with other existing and emerging stakeholder organisation based in GB
and ROI based on collaboration around electrical Licence to Practise, as well as local, regional, and national
industry training and assessment objectives.
Rl8k management
The charity perfomis an annual rlsk revlew, and appropriate systems have been eslablished to miligale identified
risks. Renewal of the new ISO 9001.2018 Quality Assurance Standard has been achieved in June 2023. The
scope of the award covers the delivery of industry training courses, the Achievement Measuremenl 2 Test, and
the Sparksafe Licence to Practise System.
Durlng the period. the organisalion also renqwed its charltable status with the Charity Commission.
The trustees have assessed the significant risks to which the charity Is exposed and are salisfied that systems
are In place to mitigate exposure to substsntial risks.
Flnanclal Instruments
The charity's principal financial instruments comprise of investments, bank balances. trade debtors and trade
creditors. The purpose of these Instruments Is to finance the charity's operations.
Small Company Provlsions
This report has been provided in accordanc8 With the provisions applicable to companies entitled to the small
company s exemption.
This report was approved by the Board on 25 March 2024 and signed on behalf of the Board by:
.-b
Ms Charlotte 8amber- Chief Executive
Mr Lewis Darragh - Trustee
Page 7

Electrlcal Tralnlng IN.1.) Llmited
Company limited by guarantee
Independent Examinor's Report to the Trustees of Electrlcal Training IN.1.) Limited
Year ended 31 August 2023
We report on the accounts of the company for the year ended 31 August 2023, which are set out on pages 10
to 20.
Respective responsibilities of trustees and examiner
As the charity Iruslees (and also the directors of the company for the purposes of company law) you are
responsible for the preparation ofthe accounts in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the charity Is not subject to audit under company law, and Is ellgible for independent
examination. it is my responsibility to,.
•examlne the accounts under section 65 of the Charltles Act (Northem Ireland) 2008:
follow the proCedU￿S lald down in the general Directlons given by the Charlty Commission for Northern Ireland
under section 65{9)(b) of the Charities Act: and
slate whether particular matters have com8 to our attention.
Ba818 of Indepondent •xamlnorfs report
We have examined your charlty accounts as required under seclion 65 ofthe Charities Act and our examination
was carried out in accordance with the general Directions given by the Charity Commission for Northern Ir81and
under section 65{9){bl of the Charities Act. The examination Included a review of the accounting records kept
by the charity and a comparison of the accounts pr8s8nt8d with Ihose records. It also includes consideration of
any unusual items or disclosures In the accounis and seeking explanations from you as charily trustees
concerning any such matters.
Our role Is to State whether any malerlal matters have come to our attenllon glvlng us cause to belleve:
1. That accounting records were nol kepl in accordance wlth Section 386 of the Companies Act 2006
2. That the accounts do not accord with those accounting records
3. That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006
and with the methods and principles ofthe Charities Statement ofRecommended Practice applicable lo charities
preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic
of Ireland
4. That there is further information needed for a proper understanding of Ihe accounts to be reached.
Page 8

Electrlcal Training IN.1.} Limited
Company limlted by guarantee
Ind•pendont examlnars report to the 1rustèès.of El8ctrical Trainlng (N.1.) Limitod (continued)
Yèar ended 31 August 2023
Independent examinerfs statement
Slnce your charlty's gross Income exceed8d £250,000 your examlner must be a member of a listed body, We
can confirm that we are qualified lo undertake the examination because we are a registered member of
Chartered Accountants Ireland which is one of the listed bodies.
We have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and,
in connection with following the Directions of the Charity Commission for Northern Ireland, we have found no
matters that require drawing to your attention.
Joh
Flnnegan
Potter Finnegan Llmlted
Charterod Accountants
Unit 25 The Coutyard Business Park
190 Galgorm Road
Ballymena
Co Antrim
8T42 1HL
25 March 2024
Page 9

Electrical Tralnlng (N.1.) Llmlted
Company limited by guarantee
Stalgment of financial activities
Year endod 31 August 2023
Unrestricted Restrlcted Total Funds Total Funds
Funds
Funds
2023
2022
Note
Income from:
Charltab18 actlvlties
Investments
Other
Total Income
455.226
11,023
455,226
11.023
378,025
111
19,855
397.991
466,249
466.249
Expendlture on:
Charitable activities
Other
Total Expendlture
(570,777)
(570,777)
(535.910)
(570,777)
1570,777)
(535,910)
Net Income l (expenditure)
Transfer between funds
Net movement In funds
(104,528)
{104,528)
(137.919)
(104,528)
(104,528)
(137,919)
Reconclllatlon of funds
Total funds brought for*vard
Total funds carried foNard
1,082.527
977,999
1082,527
977,999
1,220,446
1,082,527
T.he income and expenditure summary as required to b8 disclosed by the Companies Act 2006 is included at
note 14.
The notes on pages 13 to 20 forni part of these financlal slatements.
Page 10

Electrical Tralnlng (N.1.) Llmited
Company limited by guarantee
Balanca sheot
31 August 2023
2023
2022
Note
Flxed Assets
Tangible assets
11
116,574
123,190
Current assets
Debtors
Cash at bank and in hand
12
57.266
939 470
996.736
66,619
1025,768
1,092.387
Credltors: amounts fallin9 due
withln one year
13
(135.311)
(133,0501
Net current assets
861,425
959.337
Tolal assets less current
Ilabllltles
977,999
1,082,527
Credltors- amounts falllng due after
more than one year
Net assets
977,999
1,082,527
The funds of thè charlty
Unrestricted funds
Restricted fund5
Total charity lunds
15
15
977,999
1,082,527
977,999
1,082.527
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year
ended 31 August 2023.
The members have not required the company to obtain an audit of ils financial statements for the year ended
31 August 2023 in accordance wilh Section 476 of the Companies Act 2006.
Th8 directors acknowledge their responsibilities for:
{a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b) preparlng financial statements which give a true and fair view of the state of affalrs of the company 88
at the end of each financial year and of its proflt or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements. so far as applicable to the company.
The notes on pages 13 to 20 fomi part of these financial statements.
Page 11

Eloctrlcal Tralnlng (N.1.) Llmlted
Company, Ilmlted by guarantee
Balance sheet (conllnued)
31 August 2023
These financial statements have been prepared in accordance with the provisions applicable to companies
subject to the small companies, regime and in accordance with FRS 102 'The Financial Reporting Standard
applicable In the UK and Republic of Ir8land'.
These financial statements were approved by the board and aulhorised for issue on 25 March 2024, and are
signed on behalf of the board by:
Ms Charlotte Bamber- Chief Executive
Mr Lewis Darragh - Trustee
Company registration nurnber,. N1032292
The notes on paoes 13 to 20 form part of these flnanclal $tatement$.
Page 12

Electrical Tralnlng (N.1.) Llmlted
Company limited by guarantee
Notes to the Financial Statements
31 August 2023
General Information
The company is a private company limited by guarantee, registered in Northern Ireland. The address of
the registered office is Units 57-59, Ballymena Business Centre, 62 Fenaghy Road, Galgorm. 8allymena.
Co Antrim, BT42 1 FL.
statement ol compllanc•
These financial staternents have been prepared under the historical cost convention and in accordance
with the Statement of Recommended Practice 'Accounling and Reporting by Charities (SORP 2015)..
issued in July 2014 and the Companies Act 2006
Accountlng pollclel
Basls of preparation
The financial statements of this public benefit entity hav8 been prepared under the historical cost
convention and in accordance with Accounting and Reporting by Charities: Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and the Republic of Ireland IFRS 102) (effective 1 January 2019)
(Charilies SORP (FRS102)), the Financial Reporting Standard appllcable In the UK and Republic of
Ireland (FRS 102), and th8 Companies Act 2006.
Th8 financi81 statements are prepared in sterllng, whlch is the functional currency of the éntity. Monetary
amounts In these financSal stat8ments are rounded to the nearest £.
Golng concern ba818
These financial statements have been prepared on a going concern basis as no material uncertainties
exist about the charitable company's ability lo continue in operation. Al the year end the charity has
reserves of £971,999 including cash at bank and in hand of £939.470 providing sufficient reserves to
preserve the future operation of the charity and ils abillty to ensure that liabilities are met as they fall due
for the foreseeable future. The trustees have prepared detailed projections for future years where
incomes should increase from current levels and expenses will be closely monitored to ensure that
Electrical Training (Nl) Limited will return to an annual nel income in the medium to long term whilst
Continuing to meet their charitable objectives. Therefore, the trustees continue to adopt tha going concern
basis of accountlng In preparlng the financial statements.
Incoming resources
Llcense and fee Income represent the total value of services rendered during the period and are
recognlsed when the charltable company has the entltl8ment to the funds, b81ng when the seNlce Is
provided.
Investment income and sponsorship are included in the year in which they a￿ received or can be reliably
measured by the charitable company.
Tanglble fixed a•sats
Tangible fixed assets are initially recorded at cost and are subsequently stated at cost less any
accumulated depreciation and impairment losses.
Page 13

Electrfjcal Tralnlng (N.1.) Llmited
Company limited by guarantee
Notes to the Financial Statements {continued)
31 August 2023
Depreclatlon
D8pr8ciation is calculat8d so as to write off th& cost or valuation of an asset. less its residual value,
over the useful economic life of Ihat asset as follows:
Property & property improvements
Fixlures. tools. and computer equipment
Motor V8hic18S
15¥. - 33Yo reducing balance and straight line
15% - 33°A reducing balance and straighl line
25'k reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or
residual value of langible assets. the depreciation is revised prospectively to reflect the new estimates.
Taxatlon
There is no liability to taxation due to the charitable status.
Ex￿ndIture
All expenditure is accounted for on an accruals basis and has been classified under headlngs that
aggregate all costs relaled to that calegory.
Charitable expenditure comprises those costs incurred by the charity in the delivery of ils
aclivities and services for ils beneficiaries. It includes both costs that can be allocated directly
to such activities and those costs of an indirect nature necessary to support Ihem, including the
costs associated with the govemance arrangements of the charity and are primarily associated
with constitutional and stalutory requirements.
All costs are allocated befvrfeen the expenditure categories of the SOFA on a basis designed to
reflect the use of the resource. Costs relating to a particular activity are allocaled directly,
others are apportioned on an appropriate basis e.g. floor areas or per capita, staff costs by the
time spent and other costs by their estimated usage.
Irrecoverable VAT
All resources expended are classified under activity headings that aggr8gate all costs related to the
category. Irrecoverable VAT is charged against the category of resources expended for which it was
incurred.
Fund Accountlng
The company has various types of funds for which11 Is responsible, and whlch requlre separate
dlsclosure. These are as follows:
Restrlcted funds
Donations received which are designated by the donor for specific purposes. Such purposes
are within the overall aim of the organisation.
Unrestrlcted funds
Funds which are expendable al the discretion of the company in furtherance of the objects of
the charity.
Flnanclal Instruments
The company only has financial assets and liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value.
Cash and Cash Equivalents
Cash and cash equivalents comprise cash at bank: short-term deposit accounts and cash in hand.
Page 14

Electrlcal Tralnlng {N.l.) Limited
Company limited by guarantee
Noleg to the Flnancial Statements (contlnuod)
31 August 2023
Debtors
Trade and other debtors are recognised at th8 settl8m8nt amount due after any trade dlscount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Credltors
Creditors and provisions are recognised where the charlty has a present obligation resulting from a
past event that will probably result in the transfer of funds to a third party and the amount due to settle
the obligation can be measured and estimated reliably.
P•nslons
Employees of the charity are entitled to join a defined contribution pension scheme. The charity
contribution is restricted to the contributions disclosed in Note 7. The costs of the defined contribution
scheme are included wilhin associated staff costs and allocated lo direct charitable activities and
support costs and charged to unrestricted funds of the charity. The contributions to the fund are
Invested separately from the company's assets.
Judgements and key sources of estlmatlon uncortalnty
The following judgements including those involving estimates have been made in Ihe process of
applying the above accounting policies that have had the most slgnificant effecl on the amounts
recognised in the financial statements and thal have a significant risk of causing a material adjustment
to the carrying amounts of assets and liabilities within the next financial year:
Depreciation method and asset useful lives
The estimates and assumptlons are reviewed on an on4Joing basis consldering the current and future
market conditions.
Incomlng resourc•$ from charllable actlvltlo8
Unrestrlcled
Funds
Restrlcted
Funds
Total Funds
2023
Total Funds
2022
Fees received
Other income
454,726
500
454,726
500
378,025
455,226
455,226
378,025
Investment Incom• and Interest rec•lvable
Unrestrlcted
Fund5
Restricted
Funds
Total Funds
2023
Total Funds
2022
Bank interest received
11,023
11,023
111
11,023
11,023
111
Page 15

Electrical Tralnlng (N.1.) Llmlted
Company limited by guarantee
Notes to tho Financlal Slalements (continued)
31 August 2023
Other Income
Unrestricted
Funds
Restrlcted
Funds
Total Funds
2023
Total Funds
2022
Life insurance receipts
19.855
19,855
Resource8 expended
Costs directly allocated to actlvltles
Unr88trlctod
Funds
Restrlcted
Funds
Total
2023
Total
2022
Charltabla exp•ndltur
Materials and licence fee
Exams and lecturing expenses
Staff costs
Accountancy and audit fees
Support costs
55,634
62,381
81,947
4,800
366,0,15
55,634
62,381
81,947
4,800
366.015
23,837
57,941
37,732
8,812
407,588
570,777
570,777
535,910
Unrestrlcted
Funds
Restrlcted
Funds
Total
2023
Total
2022
Support costs allocated to
actlvltles
Staff costs
Staff training
Rent
Rates and water rates
Insurance
Llght and heat
Repairs and renewals
Postage and stationery
Advertising
Telephone
Computer costs
Motor expenses
Travelling
Consultancy fees
Bank charges
Sundry expenses
Charitable Donation
Subscriptions
Depreciation
Lossl(Gain) on disposal of fixed
assets
163,294
8,769
33,406
11,471
12,902
6,912
4,548
6,356
5,192
6,118
61,743
2,360
6,207
2.276
6.991
1.324
100
5.627
20,185
234
163.294
8,769
33.406
11.471
12.902
6,912
4,548
6,356
5,192
6,118
61,743
2,360
6,207
2,276
6,991
1,324
100
5,627
20,185
234
184,178
4.280
34,453
11,990
12,627
8,521
5,946
9,672
3,502
7,841
54,951
6,017
1,125
1,424
6,011
1,166
5,515
45,942
2,427
366,015
366.015
407,588
Page 16

Electrical Tralnlng (N.1.) Llmlted
Company limited by guarantee
Notes lo th• FlnanGlal Statemonts (contlnued)
31 August 2023
Net Outgoing Resources
Net Outgolng Resources is stated after charging:
2023
2022
Depreciation of fixed assets
Non audit fees
20,185
4,800
45,942
8,812
Infomiatlon on directors and employaes
2023
2022
Staff costs
Wages and salaries
Social security cosls
Pension costs
222,799
17.502
4.940
194.357
21,248
6,305
245.241
221,910
The average number of employees during the year was made up as follows:
Chief Executive
Admlnlstration and support
The charlty tnjstees recelved no remuneration or expenses In the course of their work during the year.
The emoluments of employees were as follows..
£0- £60,000
Durin9 the year payments to key management personnel totalled £48,998 (2022: £45,458).
10.
Penslon schem
D•flnod conlrlbutlon 8ch•m•
The company operates a defined contribution pension scheme. The pension cost charge represents
contributlons payable by the company to the fund and amounted to £4.940 (2022: £6,305). At the year
end there was £nil (2022.. £585) due lo be paid.
Page 17

Electrical Tralnlng (N.1.) Llmlted
Company limited by guarantee
Notes to the Flnanclal Statements (continued)
31 August 2023
11.
Tangible assets
Property &
Property
Impmvements
Fixtures, tools,
and computer
equipment
Molor vehicles
Total
Cost or valuatlon:
Al 1 September 2022
Addltlons
Disposals
At 31 August 2023
192,670
349,847
13,803
3.273
360,377
42,310
584,827
13.803
3,273
595,357
192,670
42,310
Depreclatlon:
At 1 September 2022
Charge for the year
Elirninated on disposal
At 31 August 2023
178,912
1,408
261,605
13,479
21,120
6,298
461,637
20.185
180,320
272,045
26,418
478,783
Net book value:
At 31 August 2023
At 31 August 2022
12,350
13,758
88,332
88,242
15,892
21.190
116,574
123,190
12.
Debtors
2023
2022
Debtors
Prepayments and accrued income
16.913
40,353
57,266
24,705
41,914
86,619
13.
Creditors: amounts falllng due wlthin one year
2023
2022
Accruals for grants payabla
Trade creditors
Accruals and deferred income
Taxation and social security
6,000
13,133
108,289
5,628
133,050
17,677
112,033
5,601
135,311
Included in accruals and deferred income is deferred incorne totalling £100.954 (2022: £96.266).
Thls Includgs £67,890 (2022: £29.985) of deferred income in relation to courses whlch are paid in advance.
It also includes £33.064(2022'. £66,281) of deferred income In relation to licences which are paid in advance
for a period of 1 year.
Pago 18

Electrlcal Tralnlng (N.1.) Llmited
Company limited by guarantee
Not•s to th• Flnanclal Statements (continu•d)
31 August 2023
14.
Income and Expendlture Summary
2023
2022
Gross Incom•
466,249
397,991
Resources Expenditur•
Charitable activities
(570,777)
1570,777)
{535,910)
{535,910)
(D•flclt) for th• year
104,528)
(137,919)
The above reflects the Income and Expenditure account as required by the Companles Act 2006 85 opposed
to that required under the Statement of Recommended Practlce as detailed on page 10.
Total income comprises £466.249 (2022.. £397,991) for unrestricted funds and £Nil (2022: £NII) for restrlcted
funds. A detailed analysis of income is provlded in the Slalemenl of Financial Activities and notes 44.
Detailed analysis of the expendilure is provided in the Statement of Financial Activities and note 7.
The Income and Expenditure Summary is derived from the Statement of Financial Activities on page 10 which
logether with the notes to the accounts on pages 13- 20 provides full information on the movements durlng the
year on all funds of the charlty.
15.
Summary of Funds Reconciliation
Opening
balance
Income
Expenditure
Transfers
Closing
balance
Unrostricted funds
Gen8ral
1.082,527
1,082,527
466.249
466,249
570.777
(570,777)
977,999
977,999
Restricted funds
Restricted funds
1.082,527
466,249
(570,777)
977.999
16.
Capftal Commltments
The company has no capital commitments at the year end {2022: . £Nil).
Page 19

Electrical Trainlng (N.1.) Lirnlted
Company limlted by guarantee
Notes to the Flnancial Statements (contlnued)
31 August 2023
17.
Transaction8 wlth Dlrectors and Related Partles
No director emoluments were paid during ihe year (2022- £Nil>. There were no transactions during the year In
which any director or related party had an interest requiring disclosure.
18.
Legal Status of Charlty
The Charity is a private company limited by guarantee. not having share capital. incorporated in Northem
Ireland. It is registered with the Charity Commission for Northern Ireland and Is accepted by HMRC as having
tax-ex8mpt status.
Page 20