```
REGISTERED COMPANY NUMBER: 02159510 (England and Wales)
REGISTERED CHARITY NUMBER: 1000516
```
## **`Report of the Trustees and`**
```
Unaudited Financial Statements for the Year Ended 31 July 2024
```
## **`for`**
```
Manor Training And Resource Centre
Limited
```
```
(A Company Limited by Guarantee)
```
```
Landin Wilcock & Co
Chartered Accountants
```
```
68 Queen Street
Sheffield
South Yorkshire
S1 1WR
```
## **`Manor Training And Resource Centre Limited`**
## **`Contents of the Financial Statements for the Year Ended 31 July 2024`**
|||**`Page`**||
|---|---|---|---|
|**`Report of the Trustees`**|`1`|`to`|`7`|
|**`Independent Examiner's Report`**||`8`||
|**`Statement of Financial Activities`**||`9`||
|**`Balance Sheet`**|`10`|`to`|`11`|
|**`Notes to the Financial Statements`**|`12`|`to`|`18`|
|**`Detailed Statement of Financial Activities`**|`19`|`to`|`20`|
## **`Manor Training And Resource Centre`**
## **`Limited`**
## **`Report of the Trustees`**
## **`for the Year Ended 31 July 2024`**
```
TheTrusteespresenttheirannualreportandfinancialstatementsfortheyearended31July2024whichare also
prepared to meet the requirements for a directors' report and account for Companies Act purposes.
```
```
ThefinancialstatementscomplywiththeCharitiesAct2011,theCompaniesAct2006,theMemorandum and
ArticlesofAssociation,andAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandard applicable
in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
The charities objects and principal activities are to:
```
```
-Advanceeducationandrelieveneedamongstyoungandotherunemployed,unwagedpersonsin Sheffield
throughtheprovisionofgainfulemploymentandofsuchtrainingfacilitiesaswillenablethemtoacquire and
develop vocational skills.
```
```
-Promoteandprovideadviceandfacilitiesfortheadvancementofeducationthroughtrainingfor employment
and further education.
```
## **`Significant activities`**
```
Themainactivitiesfortheyearcontinuedtofocusontheprovisionoftrainingcoursesleadingto vocational
qualifications provided by the following awarding bodies:
```
```
Welsh Joint Education Committee (WJEC)
```
```
National Open College Network (NOCN)
```
```
Our building comprises of 6 teaching rooms, offices, reception and a coffee bar.
```
```
Page 1
```
## **`Manor Training And Resource Centre`**
## **`Limited`**
## **`Report of the Trustees`**
## **`for the Year Ended 31 July 2024`**
## **`OBJECTIVES AND ACTIVITIES`**
## **`Public benefit`**
```
Thecharitybelieveseducationandtrainingopenupopportunitiesforindividualselfdevelopmentthat enables
peopletotakemorecontrolovertheirlives.Itseesitselfasanimportantinnovatorintheprocessandwill provide
thenecessaryskillbase,friendly/familyenvironmentandprofessionalapproachthatenablelearnersto feel
comfortableinthisenvironmentsotheycanmaximisetheirpotential.Italso,asacommunityowned organisation,
makesitselfaccountabletoalllocalresidents.Ourvisionisofalocalcommunityinwhichallpeople are
encouragedtobecomeactivelifelonglearnersandnooneisdeterredfrombenefitingfromthecourses which
are on offer, for any reason.
```
```
OurareaofbenefitistheManorCastleWard ofSheffieldandSheffieldasawhole,whichisanareaofoverhalf a
million people. Each year we publicise what is on offer widely.
```
```
Althoughwechargeforsomecourses,peopleonJSAandESA(WRAG)stillreceivefreetraining,andunder the
FreedomandFlexibilitiesgovernmentagenda,providerscanusetheirdiscretiononchargingfeesforlearners in
receiptofotherbenefitsdependentonwhethertheyareseekingemployment.Feepayinglearnerscan be
referred,whereappropriate,tolocallearnerfunds,whichcanbeaccessed.Theseareavailableforpeople who
live or work in the area, and also for young people.
```
```
Thebuildingwheredeliveryofcoursestakesplacehasdisabledaccessgivingaccesstoall.Coursesare mainly
held in school term time but we can meet learner demand and deliver to learners at other times.
```
```
Accreditedcoursesallleadtonationallyrecognisedqualificationstohelppeoplegaintheskillstoaccess further
educationoremployment.Allnon-accreditedcourseshaveprogressionroutes.Thecompanyhasrobust equal
opportunities policy, which is regularly reviewed.
```
```
Thetrusteesconfirmthattheyhavecompliedwiththerequirementsofsection4oftheCharitiesAct 2022to have
due regard to the public benefit guidance published by the Charity Commission for England and Wales.
```
## **`Use of volunteers`**
```
Thecharityhasvolunteersthathelpoutbyassistinginclassroomandinadminoronreception.Thecharitypay for
a small amount of the volunteer expenses.
```
```
Page 2
```
## **`Manor Training And Resource Centre`**
## **`Limited`**
## **`Report of the Trustees`**
## **`for the Year Ended 31 July 2024`**
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`Charitable activities`**
```
The following qualifications were gained by learners during the year 23/24:
```
- `NOCN Functional Skills in English and Maths Entry Level 1`
- `NOCN Functional Skills in English and Maths Entry Level 2`
- `NOCN Functional Skills in English and Maths Entry Level 3`
- `NOCN Functional Skills in English and Maths Level 1`
- `NOCN Functional skills in English and Maths Level 2`
- `WJEC GCSE English and Maths`
```
Non-accredited course included courses in:
```
- `ICT for Beginners`
- `English`
- `Maths`
- `Lexia`
```
CommitmenttoFunctionalSkillsisanintegralpartofthecharity'sinfrastructureencompassingall provision,
services and activities. There are three strands to this:
```
- `Discrete Functional Skills courses`
- `Study support: one-to one; support in a group; within main programme`
- `Tutor support`
## **`FINANCIAL REVIEW`**
## **`Financial position`**
```
The charity continues to be a financially secure organisation.
```
## **`Principal funding sources`**
```
Thecharity'sprincipalfunderistheSkillsFundingAgency,withfundscurrentlybeingsubcontractedvia Sheffield
College. MaTReC's funding through ASB for 23/24 was £104,000.
```
```
The annual membership fee remains at £5 payable by all learners for the new academic year 2023/2024.
```
## **`Investment policy and objectives`**
```
The charity owns 1 building on a leasehold basis and all our course provision is now in one main building.
```
```
Page 3
```
## **`Manor Training And Resource Centre Limited`**
## **`Report of the Trustees`**
## **`for the Year Ended 31 July 2024`**
## **`FINANCIAL REVIEW`**
## **`Reserves policy`**
```
TheBoardofDirectorshavereviewedthecharity'sneedsforreservesinlinewithguidanceissuedbythe Charity
Commission,inlightofthemainriskstotheorganisation.Thecharityhasunrestrictedfreereservesof £301,795
(2023-£362,152).Thisapproximatelycoversmorethan17monthsrunningcosts,asthebudgetedexpenditure for
2024 - 2025 is £246,517. The reserves are needed to meet the working capital requirements of the charity.
```
```
TheBoardofDirectorsareconfidentthatthecurrentlevelofreserveswillallowthecharitytosustainits current
activities.
```
## **`FUTURE PLANS`**
```
Thecharitywillcontinuetoreviewandexploreadditionalprovisionaccordingtotheneedsanddemands of
learners,employersandgovernmentagendas.Thecharitywillcontinuetoidentifyandtenderforrelevant funding
opportunities.
```
```
Forthefinancialyear2024-25wewillcontinuewithourcurrentoffering,withaviewinour2025-26year to
potential offer more courses and increase our current contract value with Sheffield College.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
Theorganisationisa charitablecompanylimitedby guarantee,incorporatedon31August 1987andregistered as
acharityon3October1990.ThecompanywasestablishedunderaMemorandumofAssociation,which states
theobjectsandpowersofthecompanyandisgovernedunderitsArticlesofAssociation.Ineventof the
companybeingwoundup,membersarerequiredtocontributeanamountnotexceeding£1.Themembers of
the company are the enrolled body of learners and users who are residents in the Sheffield Ward district of Manor.
```
## **`Recruitment and appointment of new trustees`**
```
Thedirectorsofthecompanyarealsocharitytrusteesforthepurposesofcharitylawandunderthearticles are
known as members of the Management Committee.
```
```
ThemaximumnumberofManagementCommiteemembersallowedbytheArticlesis20.Membersare recruited
fromlocalpartnershiporganisations,learnersandthosewithappropriateskillsinbusinessmanagement and
education, which enhances the pool of trustees. Learners are also represented on the Board.
```
```
EachyearattheAGM, alltrusteesstanddownandanewCommitteeiselectedbythememberspresent.There is
no limit on the number of times a trustee can be re-elected.
```
```
New members can also be co-opted at ordinary management Committee meetings.
```
```
Page 4
```
## **`Manor Training And Resource Centre`**
## **`Limited`**
## **`Report of the Trustees`**
```
for the Year Ended 31 July 2024
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Organisational structure`**
```
The Board of Directors meet bi-monthly, and are responsible for the strategic direction and policy of the charity.
```
```
Sub-groupsmeetanddiscussthefollowing:Quality,Policies,Personnel,Finance,Fundraisingand Business
Enterprise.Thegroupsmeetregularlyandreporttheirdiscussionsandrecommendationstothemain Board
meetings.
```
```
Day-to-dayresponsibilityforprovisionofservicesrestswiththeCentremanager.Therestofthestaffconsists of
support workers, domestics and tutors.
```
```
Thecentremanagerisresponsibleforensuringthatthecharitydeliverstheservicesspecifiedandthat key
performance indicators and outputs are met.
```
```
TheBoardofDirectorsmonitorsthestrategicdirectionoftheadultlearningandtrainingthrough regular
performance updates from the Centre manager and statistical data, and sets future targets.
```
```
A self assessment report is produced annually.
```
## **`Induction and training of new trustees`**
```
A formal system of inductions for Management Committee members is in place.
```
## **`Related parties`**
```
The charity works closely with other organisations:
```
```
Manor Community Childcare Centre (Carol Jenkinson is a trustee)
```
```
Manor Development Company Trustee (Carol Jenkinson is a trustee)
```
```
Nicholson & Co Accountancy (Samantha Nicholson is a director)
```
```
MRT (Stuart Peaker is a director)
```
```
We have an on-going sub-contract with Sheffield College who draw down funding from the Skills Funding Agency.
```
## **`Risk management`**
```
Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensure the
appropriate controls are in place to provide reasonable assurance against fraud and error.
```
```
Thetrusteesregularlyreviewthemajorriskstowhichthecharityisexposedandsystemsareinplaceto mitigate
thoserisks.Thereisastrategicplantoaddressriskandallowingfordiversificationoffundingandactivities. Internal
risksarecontrolledandminimisedbytheimplementationofproceduresforauthorisationandcheckingof all
transactionsandprojects,includingamonthlyinternalauditoffinancialactivity.Proceduresareinplace to
ensure compliance with health and safety of staff, volunteers, learners and visitors to the centre(s).
```
```
ThecharityhasMatrixstandardandarobustqualityimprovementsystem.Allpoliciesarereviewedannually to
ensure they continue to meet the needs of the charity.
```
```
The charity is inspected by Ofsted as a sub-contracting organisation of Sheffield College.
```
```
Page 5
```
## **`Manor Training And Resource Centre`**
## **`Limited`**
## **`Report of the Trustees`**
```
for the Year Ended 31 July 2024
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Financial risk`**
```
Thecharity'sactivitiesexposeittoanumberoffinancialrisksincludingcreditriskandliquidityrisk.Theuse of
financialderivativesisgovernedbythecharity'spoliciesapprovedbytheboardoftrustees,whichprovide written
principlesontheuseoffinancialderivativestomanagetheserisks.Thecharitydoesnotusederivative financial
instruments for speculative purposes.
```
## **`Credit risk`**
```
The charity's principal financial assets are bank balances, cash and other receivables.
```
```
Thecreditriskonliquidfundsandderivativefinancialinstrumentsislimitedbecausethecounterpartiesare bank
with high credit-ratings assigned by international credit-rating agencies.
The charity has no significant credit risk.
```
## **`LIquidity risk`**
```
Liquidityriskismanagedbyensuringsufficientfundsareavailableforongoingoperations.Thereisno debt
finance.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Company number`**
```
02159510 (England and Wales)
```
## **`Registered Charity number`**
```
1000516
```
## **`Registered office`**
```
304-308 Prince Of Wales Road
Sheffield
South Yorkshire
S2 1FF
```
## **`Trustees`**
```
Mrs Carol Ann Jenkinson
Mrs Michelle Glover
Mr Stuart Peaker
Mrs Samantha Nicholson
```
## **`Company Secretary`**
```
Mrs Carol Ann Jenkinson
```
## **`Independent Examiner`**
```
Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR
```
```
Page 6
```
## **`Manor Training And Resource Centre Limited`**
## **`Report of the Trustees`**
## **`for the Year Ended 31 July 2024`**
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Bankers`**
```
HSBC
660 Staniforth Road
Darnall
Sheffield
South Yorkshire
S9 4LQ
```
```
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
```
```
.............................................................................
Mrs Carol Ann Jenkinson - Trustee
```
```
Page 7
```
## **`Independent Examiner's Report to the Trustees of Manor Training And Resource Centre Limited`**
## **`Independent examiner's report to the trustees of Manor Training And Resource Centre Limited ('the Company')`**
```
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31 July 2024.
```
## **`Responsibilities and basis of report`**
```
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsoftheCompaniesAct 2006
('the 2006 Act').
```
```
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16of the
2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyour charity's
accountsascarriedoutunderSection145oftheCharitiesAct2011('the2011Act').Incarryingout my
examinationIhavefollowedtheDirectionsgivenbytheCharityCommissionunderSection145(5)(b)ofthe 2011
Act.
```
## **`Independent examiner's statement`**
```
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the
examination giving me cause to believe:
```
`1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or`
`2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or`
`4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
```
```
Tom Henshaw ACA
```
```
Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR
```
```
Date: .............................................
```
```
Page 8
```
## **`Manor Training And Resource Centre Limited`**
## **`Statement of Financial Activities`**
## **`(Incorporating an Income and Expenditure Account) for the Year Ended 31 July 2024`**
|**`Unrestricted`**
**`Restricted`**
**`fund`**
**`fund`**
**`Notes`**
**`£`**
**`£`**
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`-`
`-`
**`Charitable activities`**
`Charitable activities`
`138,433`
`81,459`
`Support costs`
`-`
`-`
`Other trading activities`
`2`
`321`
`-`
`Investment income`
`3`
`595`
`-`
**`Total`**
`139,349`
`81,459`
**`EXPENDITURE ON`**
**`Charitable activities`**
`Charitable activities`
`199,706`
`32,757`
`Support costs`
`-`
`-`
**`Total`**
`199,706`
`32,757`
**`NET INCOME/(EXPENDITURE)`**
`(60,357)`
`48,702`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`362,152`
`4,053`
**`TOTAL FUNDS CARRIED FORWARD`**
`301,795`
`52,755`|**`31/7/24`**
**`31/7/23`**
**`Total`**
**`Total`**
**`funds`**
**`funds`**
**`as restated`**
**`£`**
**`£`**
`-`
`558`
`219,892`
`157,338`
`-`
`(25,837)`
`321`
`223`
`595`
`626`
`220,808`
`132,908`
`232,463`
`138,066`
`-`
`69,020`
`232,463`
`207,086`
`(11,655)`
`(74,178)`
`366,205`
`440,383`
`354,550`
`366,205`|
|---|---|
```
The notes form part of these financial statements
```
```
Page 9
```
## **`Manor Training And Resource Centre Limited`**
## **`Balance Sheet`**
## **`31 July 2024`**
|**`Unrestricted`**
**`Restricted`**
**`fund`**
**`fund`**
**`Notes`**
**`£`**
**`£`**
**`FIXED ASSETS`**
`Tangible assets`
`9`
`136,248`
`2,895`
`Investment property`
`10`
`-`
`-`
`136,248`
`2,895`
**`CURRENT ASSETS`**
`Debtors`
`11`
`17,195`
`-`
`Cash at bank and in hand`
`155,701`
`49,860`
`172,896`
`49,860`
**`CREDITORS`**
`Amounts falling due within one year`
`12`
`(7,349)`
`-`
**`NET CURRENT ASSETS`**
`165,547`
`49,860`
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
`301,795`
`52,755`
**`NET ASSETS`**
`301,795`
`52,755`
**`FUNDS`**
`13`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|**`31/7/24`**
**`Total`**
**`funds`**
**`as`**
**`£`**
`139,143`
`-`
`139,143`
`17,195`
`205,561`
`222,756`
`(7,349)`
`215,407`
`354,550`
`354,550`
`301,795`
`52,755`
`354,550`|**`31/7/23`**
**`Total`**
**`funds`**
**`restated`**
**`£`**
`145,849`
`130,000`
`275,849`
`11,564`
`90,690`
`102,254`
`(11,898)`
`90,356`
`366,205`
`366,205`
`362,152`
`4,053`
`366,205`|
|---|---|---|
```
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct 2006for the
year ended 31 July 2024.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 July 2024 in accordance with Section 476 of the Companies Act 2006.
```
```
The trustees acknowledge their responsibilities for
```
- `(a) ensuring that the charitable company keeps accounting records that 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 charitable company as at the end of each financial year and of its surplus or deficit 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 charitable company.`
```
The notes form part of these financial statements
```
```
Page 10
```
## **`Manor Training And Resource Centre Limited`**
## **`Balance Sheet - continued`**
## **`31 July 2024`**
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.
```
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:
```
```
.............................................
Mrs Samantha Nicholson - Trustee
```
```
.............................................
```
```
Mrs Carol Ann Jenkinson - Trustee
```
```
The notes form part of these financial statements
```
```
Page 11
```
```
Manor Training And Resource Centre
```
```
Limited
```
## **`Notes to the Financial Statements`**
```
for the Year Ended 31 July 2024
```
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102, have
beenpreparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsin accordance
withtheFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January2019)',FinancialReportingStandard102'TheFinancialReportingStandardapplicableinthe UK
andRepublicofIreland'andtheCompaniesAct2006.Thefinancialstatementshavebeen prepared
under the historical cost convention.
```
```
Thepresentationandfunctionalcurrencyisconsideredtobepoundssterlingbecausethisisthe currency
in the primary economic environment in which the Charity operates.
```
## **`Financial reporting standard 102 - reduced disclosure exemptions`**
```
Thecharitablecompanyhastakenadvantageofthefollowingdisclosureexemptioninpreparing these
financialstatements,aspermittedbyFRS102'TheFinancialReportingStandardapplicableintheUK and
Republic of Ireland':
```
- `the requirements of Section 7 Statement of Cash Flows.`
## **`Income and endowments`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementto the
funds, it is probable that the income will be received and the amount can be measured reliably.
```
## **`Investment income`**
```
Investment income is recognised on a receivable basis
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligation committing
thecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequired in
settlementandtheamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedfor on
anaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateallcostrelatedtothe category.
Wherecostscannotbedirectlyattributedtoparticularheadingstheyhavebeenallocatedtoactivities on
a basis consistent with the use of resources.
```
## **`Charitable activities`**
```
Incomefromcharitableactivitiesincludesincomerecognisedasearned(astherelatedgoodsor services
are Provided) under contract.
```
## **`Tangible fixed assets`**
```
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoverits estimated
useful life.
```
```
Freehold property- 2% on cost
Fixtures and fittings- 20% on cost
```
## **`Investment property`**
```
Investmentpropertywasrevaluedon31July2022.Anyaggregatesurplusordeficitarisingfrom the
changes in market value is transferred to the profit and loss account.
```
## **`Taxation`**
```
The charity is exempt from corporation tax on its charitable activities.
```
```
Page 12
```
```
Manor Training And Resource Centre
Limited
```
## **`Notes to the Financial Statements - continued`**
```
for the Year Ended 31 July 2024
```
## **`1. ACCOUNTING POLICIES - continued`**
## **`Fund accounting`**
```
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
```
```
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
```
## **`Pension costs and other post-retirement benefits`**
```
Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayableto the
charitablecompany'spensionschemearechargedtotheStatementofFinancialActivitiesintheperiod to
which they relate.
```
## **`Grants`**
```
Grantsarerecognisedbasedontheaccrualmodelandaremeasuredatthefairvalueofthe asset
receivedorreceivable.Grantsareclassifiedasrelatingeithertorevenueortoassets.Grantsrelating to
revenuearerecognisedinincomeovertheperiodinwhichtherelatedcostsarerecognised. Grants
relatingto assetsarerecognisedovertheexpectedusefullifeoftheasset.Wherepartofa grantrelating to
an asset is deferred, its is recognised as deferred income.
```
## **`Financial Instruments`**
```
Financialassetsandfinancialliabilitiesarerecognisedwhenthecharitybecomesapartyto the
contractualprovisionsoftheinstrument.Financialliabilitiesandequityinstrumentsareclassified according
tothesubstanceofthecontractualarrangementsenteredinto.Anequityinstrumentisanycontract that
evidences a residual interest in the assets of the charity after deducting all of its liabilities.
```
## **`2. OTHER TRADING ACTIVITIES`**
|**`OTHER TRADING ACTIVITIES`**|||||
|---|---|---|---|---|
||||**`31/7/24`**|**`31/7/23`**|
|||||**`as restated`**|
||**`Unrestricted`**|**`Restricted`**|**`Total`**|**`Total`**|
||**`funds`**|**`funds`**|**`funds`**|**`funds`**|
||**`£`**|**`£`**|**`£`**|**`£`**|
|`Fundraising events`|`16`|`-`|`16`|`76`|
|`Other fundraising activities`|`-`|`-`|`-`|`79`|
|`Cafe income`|`305`|`-`|`305`|`68`|
||`321`|`-`|`321`|`223`|
```
Page 13
```
## **`Manor Training And Resource Centre`**
## **`Limited`**
## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31 July 2024`**
## **`3. INVESTMENT INCOME`**
|**`INVESTMENT INCOME`**|||||
|---|---|---|---|---|
||||**`31/7/24`**|**`31/7/23`**|
|||||**`as restated`**|
||**`Unrestricted`**|**`Restricted`**|**`Total`**|**`Total`**|
||**`funds`**|**`funds`**|**`funds`**|**`funds`**|
||**`£`**|**`£`**|**`£`**|**`£`**|
|`Rents received`|`595`|`-`|`595`|`435`|
|`Deposit account interest`|`-`|`-`|`-`|`191`|
||`595`|`-`|`595`|`626`|
## **`4. NET INCOME/(EXPENDITURE)`**
```
Net income/(expenditure) is stated after charging/(crediting):
```
||**`31/7/24`**|**`31/7/23`**|
|---|---|---|
|||**`as restated`**|
||**`£`**|**`£`**|
|`Depreciation - owned assets`|`6,706`|`8,760`|
## **`5. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31July2024norforthe year
ended 31 July 2023.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidforintheyearended31July2024norfortheyearended31 July
2023.
```
## **`6. STAFF COSTS`**
```
The average monthly number of employees during the year was as follows:
```
||**`31/7/24`**|**`31/7/23`**|
|---|---|---|
|||**`as restated`**|
|`Average number of employees`|`7`|`7`|
```
No employees received emoluments in excess of £60,000.
```
```
Page 14
```
## **`Manor Training And Resource Centre Limited`**
## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31 July 2024`**
|**`7.`**
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
**`Unrestricted`**
**`Restricted`**
**`fund`**
**`fund`**
**`as`**
**`£`**
**`£`**
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`558`
`-`
**`Charitable activities`**
`Charitable activities`
`127,780`
`29,558`
`Support costs`
`(12,308)`
`(13,529)`
`Other trading activities`
`223`
`-`
`Investment income`
`626`
`-`
**`Total`**
`116,879`
`16,029`
**`EXPENDITURE ON`**
**`Charitable activities`**
`Charitable activities`
`127,000`
`11,066`
`Support costs`
`62,899`
`6,121`
**`Total`**
`189,899`
`17,187`
**`NET INCOME/(EXPENDITURE)`**
`(73,020)`
`(1,158)`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`435,172`
`5,211`
**`TOTAL FUNDS CARRIED FORWARD`**
`362,152`
`4,053`|**`Total`**
**`funds`**
**`restated`**
**`£`**
`558`
`157,338`
`(25,837)`
`223`
`626`
`132,908`
`138,066`
`69,020`
`207,086`
`(74,178)`
`440,383`
`366,205`|
|---|---|
## **`8. PRIOR YEAR ADJUSTMENT`**
```
Theprioryearcomparativeshavebeenadjustedinrelationtoanaccountingerroridentifiedduring the
currentyearrelatingto a salesinvoiceraisedfortrainingservicesthatweresubsequentlycancelledand no
workperformed.Theeffectofthisadjustmentistoreducecoursefeeincomeby£12,308,and reduce
tradedebtorsby£12,308intheyearto31.07.23.Therearenotaxationimplicationsastheseservices fall
outside the scope of corporation tax.
```
```
Page 15
```
```
Manor Training And Resource Centre
Limited
```
## **`Notes to the Financial Statements - continued for the Year Ended 31 July 2024`**
## **`9. TANGIBLE FIXED ASSETS`**
|**`COST`**
`At 1 August 2023 and 31 July 2024`
**`DEPRECIATION`**
`At 1 August 2023`
`Charge for year`
`At 31 July 2024`
**`NET BOOK VALUE`**
`At 31 July 2024`
`At 31 July 2023`
**`10.`**
**`INVESTMENT PROPERTY`**
**`FAIR VALUE`**
`At 1 August 2023`
`Disposals`
`At 31 July 2024`
**`NET BOOK VALUE`**
`At 31 July 2024`
`At 31 July 2023`
**`11.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade debtors`
`Other debtors`
`Prepayments`|**`Freehold`**
**`property`**
**`£`**
`200,000`
`63,867`
`4,000`
`67,867`
`132,133`
`136,133`|**`Fixtures`**
**`and`**
**`fittings`**
**`£`**
`284,346`
`274,630`
`2,706`
`277,336`
`7,010`
`9,716`
**`31/7/24`**
**`a`**
**`£`**
`8,843`
`92`
`8,260`
`17,195`|**`Totals`**
**`£`**
`484,346`
`338,497`
`6,706`
`345,203`
`139,143`
`145,849`
**`£`**
`130,000`
`(130,000)`
`-`
`-`
`130,000`
**`31/7/23`**
**`s restated`**
**`£`**
`2,569`
`357`
`8,638`
`11,564`|
|---|---|---|---|
```
Page 16
```
```
Manor Training And Resource Centre
Limited
```
## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31 July 2024`**
## **`12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**||||
|---|---|---|---|
|||**`31/7/24`**|**`31/7/23`**|
||||**`as restated`**|
|||**`£`**|**`£`**|
|`Trade creditors`||`4,423`|`8,971`|
|`Social security and other taxes`||`565`|`1,277`|
|`Other creditors`||`465`|`-`|
|`Accrued expenses`||`1,896`|`1,650`|
|||`7,349`|`11,898`|
|**`MOVEMENT IN FUNDS`**||||
|||**`Net`**||
|||**`movement`**|**`At`**|
||**`At 1/8/23`**|**`in funds`**|**`31/7/24`**|
||**`£`**|**`£`**|**`£`**|
|**`Unrestricted funds`**||||
|`General fund`|`362,152`|`(60,357)`|`301,795`|
|**`Restricted funds`**||||
|`Restricted funds`|`4,053`|`48,702`|`52,755`|
|**`TOTAL FUNDS`**|`366,205`|`(11,655)`|`354,550`|
|`Net movement in funds, included in the above are as follows:`||||
||**`Incoming`**|**`Resources`**|**`Movement`**|
||**`resources`**|**`expended`**|**`in funds`**|
||**`£`**|**`£`**|**`£`**|
|**`Unrestricted funds`**||||
|`General fund`|`139,349`|`(199,706)`|`(60,357)`|
|**`Restricted funds`**||||
|`Restricted funds`|`81,459`|`(32,757)`|`48,702`|
|**`TOTAL FUNDS`**|`220,808`|`(232,463)`|`(11,655)`|
```
13.MOVEMENT IN FUNDS
```
```
Page 17
```
```
Manor Training And Resource Centre
```
```
Limited
```
## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31 July 2024`**
## **`13. MOVEMENT IN FUNDS - continued`**
## **`Comparatives for movement in funds`**
||**`Net`**||
|---|---|---|
||**`movement`**|**`At`**|
|**`At 1/8/22`**|**`in funds`**|**`31/7/23`**|
|**`£`**|**`£`**|**`£`**|
|**`Unrestricted funds`**|||
|`General fund`
`435,172`|`(73,020)`|`362,152`|
|**`Restricted funds`**|||
|`Restricted funds`
`5,211`|`(1,158)`|`4,053`|
|**`TOTAL FUNDS`**
`440,383`|`(74,178)`|`366,205`|
|`Comparative net movement in funds, included in the above are as follows:`|||
|**`Incoming`**|**`Resources`**|**`Movement`**|
|**`resources`**|**`expended`**|**`in funds`**|
|**`£`**|**`£`**|**`£`**|
|**`Unrestricted funds`**|||
|`General fund`
`116,879`|`(189,899)`|`(73,020)`|
|**`Restricted funds`**|||
|`Restricted funds`
`16,029`|`(17,187)`|`(1,158)`|
|**`TOTAL FUNDS`**
`132,908`|`(207,086)`|`(74,178)`|
## **`14. RELATED PARTY DISCLOSURES`**
```
SamanthaNicholson(DirectorandCharitableTrustee)istheownerofNicholson&CoAccounting Services,
whoprovidebookkeepingservicestothecompany.ThetotalamountpaidtoNicholson&Co Accounting
Servicesduringtheyearwas£6,360(2023-£6,360).TheamountowedtoNicholson&Co Accouning
Services at the balance sheet date is £nil (2023 - £530).
```
```
StuartPeaker(DirectorandCharitableTrustee)isalsoadirectorofMRT,whoprovideITsupportservices to
thecompany.ThetotalamountpaidtoMRTduringtheyearwas£3,373(2023-£3,587).Theamount owed
to MRT at the balance sheet date is £nil (2023 - £351)
```
```
BoththebookkeepingandITSupportcontractswereinplacebeforeSamanthaandStuart became
trusteesandtherearecontrolsinplacebytheboardtomanagetheconflictofinterestriskarising from
these contracts.
```
```
Page 18
```
## **`Manor Training And Resource Centre`**
## **`Limited`**
## **`Detailed Statement of Financial Activities`**
## **`for the Year Ended 31 July 2024`**
||**`31/7/24`**|**`31/7/23`**|
|---|---|---|
|||**`as restated`**|
||**`£`**|**`£`**|
|**`INCOME AND ENDOWMENTS`**|||
|**`Donations and legacies`**|||
|`Donations`|`-`|`558`|
|**`Other trading activities`**|||
|`Fundraising events`|`16`|`76`|
|`Other fundraising activities`|`-`|`79`|
|`Cafe income`|`305`|`68`|
||`321`|`223`|
|**`Investment income`**|||
|`Rents received`|`595`|`435`|
|`Deposit account interest`|`-`|`191`|
||`595`|`626`|
|**`Charitable activities`**|||
|`Course fees`|`103,102`|`102,793`|
|`Student fees`|`2,191`|`65`|
|`Administration fees`|`1,778`|`7,269`|
|`Grants`|`112,811`|`21,279`|
|`Equipment hire`|`10`|`95`|
||`219,892`|`131,501`|
|**`Total incoming resources`**|`220,808`|`132,908`|
|**`EXPENDITURE`**|||
|**`Charitable activities`**|||
|`Wages`|`116,606`|`107,193`|
|`Social security`|`3,186`|`1,902`|
|`Pensions`|`3,292`|`3,156`|
|`Advertising`|`600`|`600`|
|`Staff training`|`596`|`5`|
|`Training and resources`|`10,993`|`7,878`|
|`Project expenditure`|`22,229`|`14,049`|
|`Volunteer expenditure`|`1,270`|`1,754`|
||`158,772`|`136,537`|
```
This page does not form part of the statutory financial statements
```
```
Page 19
```
## **`Manor Training And Resource Centre Limited`**
## **`Detailed Statement of Financial Activities`**
## **`for the Year Ended 31 July 2024`**
||**`31/7/24`**|**`31/7/23`**|
|---|---|---|
|||**`as restated`**|
||**`£`**|**`£`**|
|**`Support costs`**|||
|**`Management`**|||
|`Rates and water`|`3,286`|`9,219`|
|`Insurance`|`5,123`|`4,822`|
|`Light and heat`|`26,025`|`21,704`|
|`Telephone`|`3,005`|`2,645`|
|`Maintenance`|`9,689`|`7,860`|
|`Administration`|`5,286`|`2,412`|
|`Professional fees`|`11,924`|`10,881`|
|`Cleaning`|`668`|`516`|
|`Freehold property`|`4,000`|`4,000`|
|`Fixtures and fittings`|`2,706`|`4,760`|
||`71,712`|`68,819`|
|**`Finance`**|||
|`Bank charges`|`83`|`80`|
|**`Governance costs`**|||
|`Accountancy`|`1,896`|`1,650`|
|`Total resources expended`|`232,463`|`207,086`|
|**`Net expenditure`**|`(11,655)`|`(74,178)`|
```
This page does not form part of the statutory financial statements
```
```
Page 20
```