Electrical Training (N.I.) Limited Company limited by guarantee
Statement of financial activities Year ended 31 August 2025
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|||||||||
|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|Funds|Total|Funds|
|Funds|Funds|2025|2024|
|Note|£|£|£|£|
|Income|from:|
|Charitable|activities|4|614,402|-|614,402|538,082|
|Investments|5|30,140|-|30,140|8,052|
|Total|Income|644,542|-|644,542|546,134|
|Expenditure|on:|
|Charitable|activities|6|(703,744)|-|(703,744)|(682,296)|
|Total|Expenditure|(703,744)|-|(703,744)|(682,296)|
|Net|income|/|(expenditure)|(59,202)|-|(59,202)|(136,162)|
|Transfer|between|funds|-|-|~|-|
|Net movement|in|funds|(59,202)|-|(59,202)|(136,162)|
|Reconciliation|of funds|
|Total|funds|brought|forward|841,837|-|841,837|977,999|
|Total funds|carried|forward|782,635|-|782,635|841,837|
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The income and expenditure summary as required to be disclosed by the Companies Act 2006 is included at note 13.
The notes on pages 17 to 24 form part of these financial statements.
Page 13
| . | Electrical Training (N.1.) | Electrical Training (N.1.) | Limited | ; | |
|---|---|---|---|---|---|
| Company limited by guarantee | |||||
| Balance sheet | |||||
| 31 August2025 | |||||
| 2025 | 2024 | ||||
| Fixed Assets | Note | £ | £ | g | £ |
| Tangible assets | 10 | 67,390 | 91,775 | ||
| Current assets | |||||
| Debtors | 11 | 60,016 | 70,876 | ||
| Cash at bank and in hand | 858,628 | 847,954 | |||
| 918,644 | 918,830 | ||||
| Creditors: amounts falling due | 12 | (203,399) | (168,768) | ||
| within one year | |||||
| Netcurrent assets | 715,245 | 750,062 | |||
| Total assets less current liabilities |
782,635 | 841,837 | |||
| Creditors: amounts falling due after | - | - | |||
| more than one year | |||||
| Net assets | 782,635 | 841,837 | |||
| Thefunds ofthe charity | |||||
| Unrestricted funds | 14 | 782,635 | 841,837 | ||
| Restricted funds | 14 | - | - | ||
| Totalcharityfunds | 782,635 | 841,837 |
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.
;
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.
The 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) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit 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 17 to 24 form part of these financial statements.
Page 14
Electrical Training (N.1.) Limited Company limited by guarantee
Balance sheet (continued) 31 August 2025
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the smal! companies’ regime and in accordance with FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’.
. These financial statements were approved by the board and authorised for issue on 6 November 2025, and are signed on behalf of the board by:
Barber. Sy SS Bamber — Chief — Chief Chief Executive Mr Lewis Darragh - Trustee
Ms Charlotte Bamber — Chief — Chief Chief Executive
Company registration number: NI032292
The notes on pages 17 to 24 form part of these financial statements.
,
Page 15
Electrical Training (N.1.) Limited Company limited by guarantee
Statement of Cash Flows for the year ended 31 August 2025
| ; | Note | 2025 | 2024 |
|---|---|---|---|
| £ | £ | ||
| Net Income/({Expenditure) | 13 | (59,202) | (136,162) |
| Adjustments to reconcile netincome/expenditure) to net | |||
| cashflowsfrom operating activities | |||
| Depreciation oftangible fixed assets | 10 | 35,370 | 29,909 |
| (Profit)/loss on disposal oftangible fixed assets | - | 32 | |
| Netfinance costs | (30,140) | (8,052) | |
| (Increase)/decrease in debtors | 11 | 10,860 | (13,610) |
| Increase/(decrease) in creditors | 12 | 34,631 | 33,457 |
| Net cash inflowfrom operating activities | (8,481) | (94,426) | |
| Investing activities | |||
| Interest received | 30,140 | 8,052 | |
| Payments to acquire tangible fixed assets | 10 | (10,985) | (5,142) |
| Net cash inflowfrom investing activities | 49,155 | 2,910 | |
| Financing activities | |||
| Interest paid | - | - | |
| New long-term loans | - | - | |
| Repayment oflong-term loans | : | - | |
| Net cash inflow/(outflow) from financing activities | - | ~ | |
| Net increase/(decrease) in cash and cash equivalents | 10,674 | (91,516) | |
| Cash and cash equivalents at 1 September |
847,954 | 939,470 | |
| Cashandcashequivalentsat31August | 858,628 | 847,954 |
Page 16 -
Electrical Training (N.1.) Limited Company limited by guarantee
Notes to the Financial Statements 31 August 2025
1. 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, Ballymena, Co Antrim, BT42 1FL.
2. Statement of compliance
These financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice ‘Accounting and Reporting by Charities (SORP 2015)’, issued in July 2014 and the Companies Act 2006
3. Accounting policies
Basis of preparation
The financial statements of this public benefit entity have 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 (FRS 102) (effective 1 January 2019) — (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of ireland (FRS 102), and the Companies Act 2006. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £. Going concern basis These financial statements have been prepared on a going concern basis as no material uncertainties exist about the charitable company’s ability to continue in operation. At the year end the charity has reserves of £782,635 including cash at bank and in hand of £858,628 providing sufficient reserves to preserve the future operation of the charity and its ability to ensure that liabilities are met as they fail due for the foreseeable future. The trustees plan to prepare detailed projections for future years where incomes should increase from current levels and expenses will be closely monitored to ensure that Electrical Training (NI) Limited will return to an annual net income in the medium to long term whilst continuing to meet their charitable objectives. Therefore, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
incoming resources
License and fee income represent the total value of services rendered during the period and are recognised when the charitable company has the entitlement to the funds, being when the service is provided.
investment income and sponsorship are included in the year in which they are received or can be reliably measured by the charitable company.
Tangible fixed assets
Tangible fixed assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Page 17
Electrical Training (N.1.) Limited Company limited by guarantee
Notes to the Financial Statements (continued) 31 August 2025
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Property & property improvements - 15% - 33% reducing balance and straight line Fixtures, tools, and computer equipment - 15% - 33% reducing balance and straight line Motor Vehicles - 25% reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Taxation There is no liability to taxation due to the charitable status.
Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that category.
-
e Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them, including the costs associated with the governance arrangements of the charity and are primarily associated with constitutional and statutory requirements.
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e All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated 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 aggregate ail costs related to the category. irrecoverable VAT is charged against the category of resources expended for which it was incurred.
Fund Accounting
-
The company has various types of funds for which it is responsible, and which require separate disclosure. These are as follows: (i) Restricted funds Donations received which are designated by the donor for specific purposes. Such purposes are within the overall aim of the organisation.
-
{ii) Unrestricted funds Funds which are expendable at the discretion of the company in furtherance of the objects of the charity.
Financia! 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 18
Electrical Training (N.I.) Limited Company limited by guarantee
Notes to the Financial Statements (continued) 31 August 2025
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Creditors
Creditors and provisions are recognised where the charity 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.
Pensions
Employees of the charity are entitled to join a defined contribution pension scheme. The charity contribution is restricted to the contributions disclosed in Note 9. The costs of the defined contribution scheme are included within associated staff costs and allocated to 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 estimation uncertainty
The following judgements including those involving estimates have been made in the process of applying the above accounting policies that have had the most significant effect on the amounts recognised in the financial statements and that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial! year: (i) Depreciation method and asset useful lives
The estimates and assumptions are reviewed on an on-going basis considering the current and future market conditions.
4, Incoming resources from charitable activities
| Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| Funds | Funds | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| Fees | received | 614,402 | - | 614,402 | 538,082 |
| 614,402 | - | 614,402 | 538,082 |
- Investment income and interest receivable
| Unrestricted | Restricted | Total | Funds | Total | Funds | |||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2025 | 2024 | |||||
| £ | £ | £ | £ | |||||
| Bank | interest | received | 30,140 | ~ | 30,140 | 8,052 | ||
| 30,440 | 30,140 |
Page 19
Electrical Training (N.I.) Limited Company limited by guarantee
- Resources expended
Notes to the Financial Statements (continued) 31 August 2025
Costs directly allocated to activities
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| Funds | Funds | 2025 | 2024 | |
| Charitable expenditure | £ | £ | £ | £ |
| Materials and licence fee | 30,729 | - | 30,729 | 32,139 |
| Marking fees & training | 51,738 | - | 51,738 | 50,557 |
| Exams and lecturing expenses | 87,430 | - | 87,430 | 77,508 |
| Sparksafe direct costs | 44,755 | - | 44,755 | 48,759 |
| Staffcosts | 109,479 | - | 109,479 | 95,476 |
| Accountancy and audit fees | 8,340 | - | 8,340 | 10,080 |
| Support costs | 371,273 | - | 371,273 | 367,777 |
| 703,744 | - | 703,744 | 682,296 | |
| Unrestricted | Restricted | Total | Total | |
| Funds | Funds | 2025 | 2024 | |
| Support costs allocated to | £ | £ | £ | £ |
| activities | ||||
| Staffcosts | 187,381 | - | 187,381 | 180,516 |
| Stafftraining Rent |
1,877 32,883 |
- - |
1,877 32,883 |
635 32,883 |
| Rates and water rates | 12,364 | - | 12,364 | 11,898 |
| Insurance | 17,225 | - | 17,225 | 17,354 |
| Light and heat | 8,830 | - | 8,830 | 6,344 |
| Repairs and renewals | 6,864 | - | 6,864 | 14,057 |
| Postage and stationery | 7,228 | - | 7,228 | 6,861 |
| Advertising | 3,776 | - | 3,776 | 7,055 |
| Telephone | 5,361 | - | 5,361 | 6,594 |
| Computercosts | 19,645 | - | 19,645 | 23,612 |
| Motorexpenses | 2,520 | - | 2,520 | 4,263 |
| Travelling | 5,465 | - | 5,465 | 3,588 |
| Consultancy fees | 5,930 | - | 5,930 | 5,250 |
| Bankcharges | 9,240 | - | 9,240 | 8,522 |
| Sundry expenses | 4,187 | - | 4,187 | 4,531 |
| Charitable Donation | - | - | - | - |
| Subscriptions | 5,127 | - | 5,127 | 3,873 |
| Depreciation | 35,370 | - | 35,370 | 29,909 |
| Loss on disposal of fixed | - | - | - | 32 |
| assets | ||||
| 371,273 | - | 371,273 | 367,777 |
Page 20
Electrical Training (N.1.) Limited Company limited by guarantee
Notes to the Financial Statements (continued) 31 August 2025
7. Net Outgoing Resources
Net Outgoing Resources is stated after charging:
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|---|---|---|---|---|
|2025|2024|
|£|£|
|Depreciation|of fixed|assets|35,370|29,909|
|Non-audit|fees|1,140|2,880|
|Audit fees|7,200|7,200|
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- Information on directors and employees
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|---|---|---|---|---|
|2025|2024|
|£|£|
|Staff costs|
|Wages|and|salaries|270,921|250,665|
|Social|security|costs|20,595|20,432|
|Pension|costs|5,344|4,895|
|296,860|275,992|
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The average number of employees during the year was made up as follows:
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|---|---|---|---|---|
|Chief|Executive|4|1|
|Administration|and|support|8|8|
|ee ee)|
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The charity trustees received no remuneration or expenses in the course of their work during the year. The emoluments of employees were as follows:
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|---|---|---|---|
|£0|- £60,000|9|9|
|9|9|
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During the year payments to key management personnel totalled £48,996 (2024: £48,996).
9. Pension scheme
Defined contribution scheme
The company operates a defined contribution pension scheme. The pension cost charge represents contributions payable by the company to the fund and amounted to £5,344 (2024: £4,895). At the year end there was £930 (2024: £3,510) due to be paid.
. Page 21
Electrical Training (N.1.) Limited Company limited by guarantee
Notes to the Financial Statements (continued) 31 August 2025
10. Tangible assets
| 10. Tangible assets |
||||
|---|---|---|---|---|
| Property& Property |
_-Fixtures,tools, and computer |
Motorvehicles | Total | |
| Improvements | equipment | |||
| £ | £ | £ | £ | |
| Cost orvaluation: | ||||
| At1September2024 Additions Disposals |
192,670 - - |
364,979 10,985 - |
42,310 - - |
599,959 10,985 - |
| At31 August2025 | 192,670 | 375,964 | 42,310 | 610,944 |
| Depreciation: | ||||
| At 1 September 2024 | 181,508 | 296,285 | 30,391 | 508,184 |
| Charge forthe year | 6,702 | 25,688 | 2,980 | 35,370 |
| Eliminated on disposal | - | - | - | - |
| At31 August2025 | 188,210 | 321,973 | 33,371 | 543,554 |
| Net book value: | ||||
| At31 August2025 | 4,460 | 53,991 | 8,939 | 67,390 |
| At31August2024 | 11,162 | 68,694 | 11,919 | 91,775 |
| 11. | Debtors | |||||
|---|---|---|---|---|---|---|
| 2025 | 2024 | |||||
| £ | £ | |||||
| Debtors | 36,645 | 35,393 | ||||
| Prepayments | and | accrued | income | 23,371 | 35,483 | |
| 60,016 | 70,876 |
12. Creditors: amounts falling due within one year
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Trade creditors | 6,550 | 18,233 |
| Accruals and deferred income | 188,665 | 141,491 |
| Taxation and social security | 8,184 | 9,044 |
| 203,399 | 168,768 |
Included in accruals and deferred income is deferred income totalling £167,942 (2024: £126,256).
This includes £123,105 (2024: £86,447) of deferred income in relation to courses which are paid in advance.
it also includes £44,837 (2024: £39,809) of deferred income in relation to licences which are paid in advance for a period of 1 year.
Page 22
Electrical Training (N.I.) Limited Company limited by guarantee
Notes to the Financial Statements (continued) 31 August 2025
13. Income and Expenditure Summary
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|---|---|---|---|
|2025|2024|
|£|£|
|Gross|Income|644,542|546,134|
|Resources|Expenditure|
|Charitable|activities|(703,744)|(682,296)|
|(703,744)|(682,296)|
|(Deficit) for the year|(59,202)|(136,162)|
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The above reflects the Income and Expenditure account as required by the Companies Act 2006 as opposed to that required under the Statement of Recommended Practice as detailed on page 13.
Total income comprises £644,542 (2024: £546,134) for unrestricted funds and £Nil (2024: £Nil) for restricted funds. A detailed analysis of income is provided in the Statement of Financial Activities and notes 4-5.
Detailed analysis of the expenditure is provided in the Statement of Financial Activities and note 6.
The Income and Expenditure Summary is derived from the Statement of Financial Activities on page 13 which together with the notes to the accounts on pages 17- 24 provides full information on the movements during the year on all funds of the charity.
14, Summary of Funds Reconciliation
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Opening Income Expenditure Transfers Closing
balance balance
Unrestricted funds
General 841,837 644,542 (703,744) - 782,635
841,837 644,542 (703,744) - 782,635
Restricted funds
Restricted funds : - : -
ee
;
841,837 644,542 (703,744) - 782,635
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15. Capital Commitments
The company has no capital commitments at the year-end (2024: - £Nil).
Page 23
Electrical Training (N.I.) Limited Company limited by guarantee
Notes to the Financial Statements (continued) 31 August 2025
16. Transactions with Directors and Related Parties
No director emoluments were paid during the year (2024 - £Nil). There were no transactions during the year in which any director or related party had an interest requiring disclosure.
17. Legal Status of Charity
The charity is a private company limited by guarantee, not having share capital, incorporated in Northern Ireland. It is registered with the Charity Commission for Northern Ireland and is accepted by HMRC as having tax-exempt status.
Page 24