2023-03-31-accounts

Registered number: 02823181 Charity numbers: 1022991 & SC039039 LANTRA (A Company Limited by Guarantee) TRUSTEES. ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

LANTRA IA Company Limited by Guarantee) CONTENTS Page Reference and Admlnlstratlve Detalls of the Parent Charltable Company, Its Trustees and Advisers Chairman's Statement Trustees. Report Independent Auditor's Report on the Financial Ststemgnts Consolldated Statement of Flnanclal Actlvltles 4-13 14-17 18 Consolidated Balance Sh9et Parent Charltable Company Balance Sheet Consolidatgd Ststgmgnt of Cash Flows 20 21 Parent Charltable Company Statement of Cash Flows Notes to the Financial Ststemgnts 22 23-44

LANTRA IA Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE PARENT CHARITABLE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023 Trustees Dr David Llewellyn, Chair (appointed 1 November 20221 William Lyle Andrew Sarah Ballen Richard Clarke Jane Craiqie Chades John Henning OBE Martin Redfearn Dr M8ry Thomson Prof David Roberts T￿for Owen lappoinled 1 July 20231 Helen Taylor lappoinled 1 July 20231 Euryn Jones lappointed 1 July 20231 Dr Geoff Mackey (resigned 5 May 20231 Peter Rees (resigned 5 May 20231 Heather Peck, Retired Chair Iresiqned 31 October 20221 Henry Graham (resigned 30 June 20221 Company registered number 02823181 Charity registered number and Scottish Charity number 1022991 and SC039039 Registered office Lantra House Sloneleigh Park Coventry CV8 2LG Company secretary Robert M Tabor Chief executive officer Marcus Poller Independent auditor Cooper Parry Group Limited Slatulory Auditor Cubo Birmingham Oftice 401, 4th Floor Two Chamberlain Square Birmingham B3 3AX Bankers National Westminster Bank plc Royal Priors 59 The Parade Leaminglon Spa CV32 4ZX Page 1

LANTRA IA Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE PARENT CHARITABLE COMPANY, ITS TRUSTEES AND ADVISERS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 Solicitors Anthony Collins Solicitors 134 Edmund Street Birmingham B3 3ES Commercial Director Robert Tabor Operations Director David Cooke Human Resources Director Rachel Campbell Director of External Relations Corrina Urquhart Page 2

LANTRA IA Company Llmlted by Guarantee) CHAIR'S REPORT FOR THE YEAR ENDED 31 MARCH 2023 I look up the role of Chair of Lantra at a pNolal lime for many of the industries th81 we support. Ensuring that the land-based workforce has the right skills is critical as the sector faces the challenges of economic Un￿rtainty, labour shortages, climate change and environmentsl sustainability. Lantra is in a strong position to address these challenges, and we remain commilled lo wotking in partnership with industry to.. Understand skills needs and training requirements Allract and relain a diverse 8nd Competent industry worf(for Train people lo work safely, productively, and sustainably Encourage and support a commitment lo Lifelong Learning Over the last twelve months, demand for Lantra's training and qualifications has continued lo grow strongly. Our Awarding Organisalion has certificaled 109,835 individuals, up from 103,123 last year. The growth in apprenti￿Ship end-point assessment has also accelerated, with 1,543 assessments completed in the year, compared with 970 in 2021-22. The strength of our training and qualifications actiwlies provides a sound base from which lo expand our services to address wider industry needs, perhaps the most pressing of which has been labour shortages. The launch of Lanlra's new website, with its strong emphasis on careers, has been widely welcomed by industry. By showcasing the wide variety of exciting roles and illuslraling potential routes for career progression. Lantra seeks to dispel outdated perceptions and help employers, across the industry sectors we support, to attract much- needed lalenl from more diverse backgrounds. Maintaining a close understanding of industry's current and future needs is at the heart of Lanlra's mission and it is particularly pleasing that Lanlra has begun lo re-establish a capacity for labour market and skills research. This is an ares that we expect to develop further in 2023-24 and beyond. Since taking over as Chair in November, I have had the opportunity lo experience, al first-hand, the enthusiasm and Commitment of Lanlra staff. 11 was. therefore, no surprise that Lantra recently achieved ils best result ever in the "Times Best Companies. survey. I should like to lake this opportunity to thank our staff for their passion and professionalisrll. I should also like to thank the Board for ils support, advice, and dedication to the important work that Lanlra undertakes. Finally, I wish to add a special thank you lo my predecessor, Heather Peck, who successfully led the Lantra Board, and worked effectively with the organisation's Executive and staff, lo place Lanlra in a strong position to help address the many challenges faced by industry in the years ahead. Dr David Llewellyn Chair Date. IL A- Jt la23 Page 3

LANTRA IA Company Limited by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDEO 31 MARCH 2023 The Trustees present their annual report, which incorporates the strategic report, with the audited financial statements for the year ended 31 March 2023. Trustees and advisors Details of Trustees and advisors are included on pages 1 and 2. Charity Registration Details Lanlra is a registered charity in both England and Wales, and Scotland. Its registration details are as follows.. Charity registration number: Scottish Charity number: 1022991 SC039039 Principal Office Lanlra House Stoneleigh Park Coventry WanNickshire CV8 2LG Charitable Remit Lanlra is a registered charity and is committed lo ils charitable objectives, which are to advance the education of the public, carry out educational research and to disseminate the results of that research for the public benefit. We achieve this through working in partnership with employers and other appropriate stakeholders lo promote education, to deliver high-quality training, assessment and qualifications Ilhrough the Awarding Organisalionl and by undertaking other work that meets the charitable objects, where funding is available. Furthermore, our aim for the future is lo influence key policy decisions, that affect training and education in the land-based and environmental sector through rese8rch4riven evidence and engagement with key industry stakeholders. Public benefit The Trustees have considered the Charity Commission's guidance in respect of Public Benefit and have had due regard to the guidance In setting the charity's objectives and activities. In their view the charity meets, In full, the criteria lo satisfy the test. Approximately 110,000 learners were certificated as a result of Lantra's training, assessments and qualifications during the year, in addition lo around 6,000 individuals benefitting from Scoth"sh project activity and 4,000 from Welsh project activity. Furthermore, approximately 900 organisalions benefitted from Scottish project activity and 2,000 benefitted from Welsh project activity. Lantra commenced skills and labour market research during the year, which is expected to deliver valuable Insights In the following year. This will ensure that our stakeholder needs are understood and that plans are developed to address these where possible. Page 4

LANTRA IA Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDEO 31 MARCH 2023 Financial Review The financial statements show Lantra made a surplus of £712,88512022.. £1, 192,1601- Upskill UK Limited made a profil of £3,04812022.. £7,0481. Lanlra Awards Limited did not trade in the 12 months to 31 March 2023. The Group has sufficient assets al the end of the year to meet Ils commitments and to support its future plans. Covid The impact of Covid did not appear lo materially affect Lantra's sales during the year, as the pandemic was largely under control by the start of the year. However, there were occasions during the year when internal staff resour￿$ were reduced due to Covid-19, resutting in reduced operating capability. Income Total income for the year was £11,738,937 12022.. £10,911,890). This was generated from the provision of education and training ServI￿S to employers £7,426, 12812022.. £6,188,127). from grants and contracts secured from Government departments and agencies £3,959,583 12022. £4,418,081), from donations and legacies £NIl 12022.. £19,289), and from other services provided £348,511 12022.. £286,1711. Lanlra does not undertake any fundraising activity. All funds have been allocated to support charitable activities including costs associated with awarding and leamer support, and general administrative expenditure. Expenditure The Group incurred total expenditure for the year of £10,994,48312022.. £9,820,376). Payroll costs continue to be Lanlra's largest expenditure. Staffing costs were 460/0 as a per￿ntage of total expendilure12022'. 44.￿). Balance Sheet The total reserves of the Group increased from £4,824,160 at 31 March 2022 10 £5,540,093 al 31 March 2023. Reserves policy During the year the Trustees reviewed the level of reserves which are held in order to.. Underwrite funding of the Charity's activities against periods of deficit., Provide initial funding for the development of new services., Provide confidence to external funding agencies that the Charity is prudently controlled., and Discharge all of the Charity's obligations should it cease operations. Recent figures from the ITB Pension Funds indicate that the ten-year value al risk is £0.53m. The level of reserves held at 31 March 2023 for the Group was £5,540,09312022.. £4,824,160) and for the Lantra company only £5,520,725 12022.. £4,807,840). There are no reserves which are in deficit al 31 March 2023. Restricted funds tolalled £11,60712022.. £20,764). The reserves policy is reviewed every year to secure the continuation of the Charity's activities. A review has been undertaken at yearend and the reserve5 held are deemed lo be sufficient for the Charity's purposes, taking into awount the need to hold reserves against future developments, lo finance working capital requirements, lo finance Welsh Projects, to finance Improvement works al Lanlra House and for potential wind- up costs if required. In line with the reserves policy, the Trustees, plan to continue lo build up reserves to support iniliab.ves for the benefit of the sector. Page 5

LANTRA IA Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDEO 31 MARCH 2023 Investment policy The investment policy of the Trustees Is low risk with the aim of securing the real value of assets. The Trustees made a long-term investment In a total return fund during 2018 and another investment in a mulli-assel portfolio during 2022. Lantra continues to hold these investments. There are no other material Investments beyond bank deposits and ils Investments In group companies. The investment policy is reviewed every year tsking account of the Charity's assets and future cash requirements. Lanlra does not make any social investments. Interest rate risk The Charity considers movements in interest rates to be the main financial risk. The Trustees have considered this risk and decided lo continue with the approach adopted last year by investing in a total return fund along with a multi-asset portfolio to spread the risk. Outlook The plan agreed by Trustees In 2020121 focused on building sustainable income from training and qualifications, while maintaining capability lo deliver other skills-relaled projects where funding is available. Both activities contribute lo delivering our charitable objectives. Having reviewed the five-year strategy in 2022 Trustees believe that it remains viable and appropriate. Taxation status Lanlra is a registered charity and is therefore exempt from paying corporation lax on Ils charitable activities. It is considered lo pass the lesls sel out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore meets the definition of a charitable company for UK corporation lax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Part 11, chapter 3 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the exlenl that such income or gains are applied exclusively lo charitable purposes. Lantr8 Awards Limited is dormant and not expected lo trade in the foreseeable future and Upskill UK Limited will pay lax on profits generated in the future. Third party indemnity provision for Trustees Qualifying third party Indemnity provision is in place for the benefit of all Trustees of the Charity. Achievements and Perfomiance Attract and retain a diverse and competent industry workforce A new careers website was launched during the year, to provide more information on the roles available and typical careers pathways, along with case studies from existing employees working in these fields. Skills and knowledge requirements are also provided, along with suggested training courses to progress in these careers. In Scotland the work of the Lanlra team. funded by the Agriculture and Rural Economy Directorate of Scottish Government, focuses on promoting positive and rewarding career choices, influencing learning and training provision, and driving investment In learning and skills. Page 6

LANTRA IA Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDEO 31 MARCH 2023 During the year the team in Scotland continued the highly successful 'ALBAS' (the Awards for Land-Based and Aquaculture Skills), showcasing achievements and promoting career opportunities. Finalists are invited lo join the Lanlra "Industry Champions programme where they receive personal development in return for acting as careers ambassadors for their industries. They also increased the number of STEM Ambassadors working in the sector, which helps to beller associate these important subjects with our sector, in the minds of those choosing a career, and increased their engagement with school career events. Lantra Scotland also supported, and the Scotland Director co-chaired, the Commission for the Review of Land Based Learning, whose report was submitted in January to Ministers. The promotion of nalure-based careers in Scotland is becoming increasingly important, helping to sustain economic growth in the rural and coastal communities, as well as to protect the natural environment. The Lantra team in Wales continues lo support Lifelong Learning and Development through Farming Connect contracts for agriculture, forestry and horticulture businesses in Wales. The programmes focus on training and personal development for workers and business owners, while also supporting them within the new post Brexit trading worfd and preparing farmers to access the new Welsh Government Sustainable Farming Scheme commencing In 2025. Train people to work safely, productively. and sustainably Lantra works with partners lo help address skills challenges, reviewing apprenticeships and qualifications in partnership with industry and key agencies, as well as facilitating the development of short courses, to enhance productivity in the industry. During the year we released 49 new courses and updated the conlenl of 10 existing products, through the standard product review process. We also withdrew 89 products so that our customers can understand our product portfolios more easily. This gives us more time and resources to focus upon products that are more meaningful lo our customers. Delivery of courses through e-learning technology also continued to pay dividends, with good sales throughout the year. Electronic assessment, using an online proctoring solution, continued to be used throughout the year as well. To support delivery through our accredited nelwork, we recruited 66 new inslruclors, whilst also working closely with our existing instructor population lo increase the number of days during the year when they are delivering Lanlra courses. During the year we commenced a trial on the use of electronic proof of skills cards le-cardsl, lo distribute to leamers as part of our expanding digital offering, in addition lo the hardcopy versions which are also provided. We also launched a new website with improved functionality, specifically to enable our training providers to display course availability lo improve our learner booking experien￿. The Lanlra team In Scotland worked with Scottish Government to help Increase access to training, through Initiatives such as the Women in Agriculture Training Fund, the Women in Rural Economy Training Fund and the Green Skills Training Fund. Lantra has continued to be active in the development of National Occupational Stsndards INOSI, qualifications and frameworks, commissioned by Skills Development Scotland ISDSI- Page 7

LANTRA IA Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDEO 31 MARCH 2023 This year Lanlra delivered £53.850 worth of outputs relating to NOS Ilncident Management, Game & Wildlife and Land-based Engineering), apprenticeship frameworks In Wales (Floristry) and Welsh translations for 7 NOS suites. Lantra also completed the development of the Aquaculture Modern APprenti￿shipS Into the new Modem Apprenticeships system for Scotland, which was separately funded 1£22,0001 through Skills Development Scotland ISDSI. We continued to deliver an End-Poinl Assessment IEPAI Servi￿ for apprenliTrships, with 1,543 assessments conducted during the year, an Increase of 573 versus the previous year. We also continued to work with Land Based Assessments Limited ILBALI lo develop assessment materials and build assessor capacity. Our work in Veterinary Nursing progressed well during the year, with 200 learner registrations in the period. A mock Objective Structured Clinical Examination IOSCEI has been completed, as required for accreditation with The Royal College of Veterinary Surgeons IRVCSI, along with question papers and OSCE tasks, ready for use within the assessment process. Encourage and support a commitment to Lifelong Learning During the year we appointed a Director of External Relations lo be responsible for strategic engagement with key stskeholders in the land-based and environmental sector, to Improve our capabilities in delivering our charitable obieclives. Ongoing social media activity, to promote a culture of lifelong learning and the courses which Lantra offers, also continued lo Increase the number of visitors lo the Lanlra website seeking training and qualifications. Furthermore, the validity of our training courses expires after five years in the majority of cases, encouraging learners lo refresh their skills through attendance at an appropriate training course, therefore ensuring that learner skills remain currenL Our People We achieved the "Gold. awreditslion In Investors In People assessment during late 2021. During the year we reached the 'One Stsr. category in the "Times Best Companies survey. This is Lantra's highest score since starting the survey in 2016. Quarterly surveys returned staff engagement scores of 80°k during the first two quarters, 85'/o in the third quarter and 82'/o in the final quarter, which is leslament to the level of activity completed lo ensure high levels of Involvement and enthusiasm of our employees in their work and workplace. Sustsinability Lantra has now embedded sustainability into our product development process, ensuring that relevant conlenl is induded within our products when they are developed or refreshed. We also engaged in consultancy work during the year lo understand our impact on the environment as part of our strategy on sustainability. As a result of this we have developed a sustainability action plan to understand the activities we can undertake to ensure this impact is appropriate. We were a150 accepted as a member of Sustainability West Midlands, which is a not-for-profit organisation that provides advice to businesses in the region, develops practical solutions with members and shares best practice across a diverse ne￿Ork. Page 8

LANTRA IA Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDEO 31 MARCH 2023 Furthermore, we sel up a Sustainability Committee and Sustainability Working Group, lo be responsible for championing sustainability across the organisalion and to meet the objectives sel out in our carbon reduction plan respectively. Key Performance Indicators In addition to financial performance metrics, the following key perfomiance indicators are monitored by the charity to measure our su¢cess'. Number of learners certificated and End Point Assessments IEPAsl', Number of instructors supporting the training infrastructure., Assurance activity to ensure quality training delivery., Beneficiary satisfaction and number of complaints., Internal processing efficiency,. and Staff engagement, absence and turnover. As described throughout the Trustees, Report, through the monitoring of these indicators the Trustees are satisfied that Lanlra is performing strongly. Plans for the future As outlined in our strategy report which was agreed by the Board In November 2022, in order lo deliver our mission it has been agreed that Lanlra's strategy should focus on the following priorities. Industry Engagement., Being the Skills Partner of Choice., Attracting and Retsining Talent for our Industries., Encouraging and Supporting Life-Long Learning., Sustainability,. and Operational Excellence. These activities will principally be paid for through trading income, therefore the scope, pace and sustainability of these elements depends critically on the availability of surpluses from trading. We are continuing to Improve our relationships and information flows with our instructor and training provider network, while also increasing our delivery capacity across our course portfolio. We will shortly be providing all learners with online access to their skills records, with the aim of also providing them with electronic skills cards le-cardsl through the same online portal, to accompany the previously launched e<ertificates. Governance and management Governing document The Charity ILanlral is a company, limited by guarantee and Incorporated on 2 June 1993. It has no share capital. Its Memorandum and Articles of Association were last updated on 7 February 2019. The Charity has o wholly owned subsidiaries, each governed by their own Memorandum and Articles of Association. Lanlra Awards Limited., a charity whose business was transferred into Lantra on 1 July 2011 and is now dormant., and Upskill UK Limited,. a company incorporated on 28 August 2007, to take forward commercial opportunities. The lemi 'Group' refers lo the combined activity of Lantra and ils subsidiaries. Page 9

LANTRA IA Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDEO 31 MARCH 2023 Appointment of Trustees Trustees are appointed independently with recruitment and selection based on an assessment of the skills and experience needed. This assessment is updated regularly. Recruitment is planned to replace Trustees as their term of Offi￿ expires and to fill casual vacancies as they arise. Trustee induction and training Incoming Trustees receive Induction and training to ensure that they understand the charitable aims and strategic objectives of the Charity as well as the operation of the organisalion and the duties and responsibilities of a Trustee. Performance of the Board and of individual Trustees is reviewed on an annual basis. Training and development Is undertaken to ensure that knowledge and skills are appropriately maintsined. Governance structure The governance structure consists of the main Board supported by the Audit and Quality Committee and the Remuneration Committee. The Board of Trustees is comprised of not less than seven nor more than thirteen compelenl individuals. Trustees who served during the year were.. Dr David Llewellyn (Chairl Heather Peck (Retired Chairl William Lyle Andrew Sarah Batten Richard Clarke Jane Craigie Charles John Henning OBE Dr Geoff Mackey (Retired 05105120231 Martin Redfearn Peter Rees (Retired 05105120231 Dr Mary Thomson Prof David Roberts Henry Graham (Retired 30106120221 The Board of Trustees meets al least on a quarterfy basis lo ensure that the Charity is meeting its charitable objectives and remains financially sound. Trustees provide strategic direction for the Charity and agree operational plans which are implemented by the Executive Team. Trustees regulady monitor strategic and operational performance through regular reports against agreed metrics and tsrgels. The Chief Executive and Senior Staff who served during the period were.. Marcus Potter (Chief Executive Officer) Robert Tabor Icommercial Director} David Cooke (Operations Director) Rachel Campbell (Human Resources Director) Corrina Urquhart (Director of External Relationsl- Appointed 0711112022 Pay and remuneration of key management The remuneration of all staff including key management is benchmarked using local market data and inflation. Based on this benchmark the key management team receive pay rises in line with all other staff In the Charity. Page 10

LANTRA IA Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDEO 31 MARCH 2023 In addition, key management may receive a bonus based on the achievement of performance targets set by the Trustees al the beginning of the year. Parameters for the organisalional pay review are sel by the Remuneration Committee which also scrutinises individual pay rises and performance bonuses of key management. During the year a new all-slaff perfomiance payment lo reward staff for Lanlra's overall corporate performance was agreed, along with an interim pay award to miligale the impact of high inflation during the period. Risk management and internal control The Trustees, through the Audit and Quality Committee, undertake a regular review of risks to ensure that appropriate measures are In place to control and mitigate them. The risk register is reviewed quarterly by the Audit and Quality Committee. The Board and the Audit and Quality Committee also consider any risks which May arise as a result of new activities or areas of work being considered by the Charity. Lanlra seeks to maintain a sound system of internal control lo safeguard assets and resources and support the achievement of its charitable objectives. Our internal control processes have been in pla￿ for the whole of the year ending 31 March 2023 and are designed to manage risks rather than eliminate them. Lanlra's system of Internal control involves an ongoing proTrss to identify and evaluate the nature and extent of the main risks which could affect achievement of our objectives, and to manage them efficiently, effectively and economically. Key features of the system of intemal control are.. Procedures for identifying the organisation'5 key risks in relation lo its objectives.. Review and maintenanTr of the internal control strategy and risk management policy., Involvement of all senior managers lo Identify, assess and control risks, including consideration of risks at management meetings., The allocation of risk ownership., The use of internal audit and quality systems compliant with ISO 9001.2015., Procedures for ensuring that aspects of risk management and Intemal control are regularly reviewed and reported on., Systems for ensuring compliance with specific regulations or procedures laid down by key external parties., The Audit and Quality Committee reviews the systems and procedures in place against the risk schedule lo provide guidance to the Executives., and The main risks and associated mitigation plans are reviewed by the Board on a quarterly basis. The key risks facing the organisalion are.. Insufficient delivery capacitylcoverage- In$tructorslAssessors Mili alion lan.. Each market group has a targeted recruitment plan for the skills groups in its remit, supported by appropriate marketing. An instructor account management programme has been commenced to improve relationships, loyalty to Lantra and to increase the number of Lantra courses each instructor delivers. Perforrnan￿ against instructor recruilmenl and instructor usage is reviewed quarterly. Regulatory no￿￿0MplIanCe1lOss of awarding powers Mili alion lan. Lanlra's systems of control with regards to regulatory compliance are reviewed continually, culminating in the submission of an annual statement of compliance. Insufficient stakeholders activety engaged with Lantra Mili alion lan.. The Director of External Relations has started to engage with extemal Institutions lo delemiine the needs of the sector and to Influence and build effective relationships outside Lanlra. The Head of Industry Partnership roles which we have in place also engage with key contacts across relevant sectors, lo understand skills needs in the market and to further build relationships with professional bodies. Page11

LANTRA IA Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDEO 31 MARCH 2023 Health and safety Lantra has an identified Health and Safety Officer and a network of health and safety representatives across the organisation lo maintain standards. Health and safety are regularly reported on and reviewed both by management and by the Board of Trustees. Scottish Activity The Office of Scottish Charity Regulator IOSCRI requires certain additional information to be provided con￿MIng Lanlra's operation in Scotland, which is laid out in the paragraphs below. The aims and objectives of Lanlra in Scotland are consistent with those for the rest of the UK. Lantra operates across all four countries of the UK, with key functions and support serVI￿S provided from our head office. Lanlra's team In Scotland undertakes a range of activities to support skills development in the land-based and aquaculture sector, including promotion of careers, celebrating the achievements of land-based learners le.g. at the Royal Highland Show and Land-Based and Aquaculture Learner of the Year Awards). and employer engagement to promote the benefits of training and development and lo influence skills policies and funding. Lanlra received £1,044,379 funding from Scottish institutions and incurred £563,498 of costs locally. These costs exclude support from non-scotland-based staff. The Charity Governance Code The Board of Trustees has reviewed and discussed the Charity GovemanTr Code and considers Lantra to be compliant with all seven principles of the Code. The Board has agreed ils five-year strategic plan for 2020-25 which sets out our clear purpose, vision and values. To ensure we deliver against these objectives we have created a series of key performance indicators and monitor performance against these al our Board meetings. These KPIS measure the effectiveness of the organisation on both an operational and a values basis. The Board is commilled to adopting values and creating a culture which helps the organisalion achieve Ils charitable purpose and has created a nelwork of value ambassadors to drive our values throughout the organisalion. All our decisions are based on sound management information and are reviewed against our risk schedule. The Trustees are recruited for their skills and experience as well as their area5 of specialism. Recruitment is undertaken against a skills and knowledge matrix and each Board meeting has a feedback session lo enable the Board to identify learning and development opportunities In terms of Board effectiveness. The Board regularly has attendance by non-Truslees to assist in open and transparent communication. Use of Volunteers The Charity is supported by the work of a significant number of volunteers who freely provide their time lo allend steering and advisory groups. In addition, businesses make their time freely available lo help provide research Information and 8SSlSt In the development of occupational standards and frameworks and training courses. Page 12

LANTRA IA Company Limlted by Guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 ststgm8nt of Trustees. responslbilities The Trustees (who are also Directors of Lanlra for the purposes of company lawl are responsible for p￿paring the Trustees. Annual Report and the financial slalemenls in accordance with applicable18w and United Kingdom Accounting Standards (United Kingdom Generally AC￿pted Accounting Pradi¢e}- Company18w requires the Trustees lo prepare financial stslemenls for each financial year, which give a true and fair view of the slate of affairs of the Charitable Company and the Group and of the incoming resources and application of resources, including the income and expenditure, of the Charitable Company and Group for that period. In preparing these financial slatemenls, the Trustees are required lo.. Select suitsble accounting policies and then apply them consistently,. Obsetve the methods and principles in the Charity's SORP 2019 IFRS 1021., Make judgements and accounting estimates that are reasonable and prudent.. Stale whether applicable accounting standards have been followed, subject lo any material departures disclosed and explained in the financial slalemenls", and Prepare the financial slalemenls on the going concern basis unless it is inappropriate lo presume that the Charitsble Company and the Group wll continue in business. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable a¢curacy al any time the financial position of the Charitable Company and enable them lo ensure that the financial slalements comply with the Companies Act 2006, and with the Charities and Trustee Investment Iscotlandl Act 2005 and the Charities Accounts Iscotlandl Regulations 2006. They are also responsible for safeguarding the assets of the Charrtable Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees confirm that.. So far as each Trustee is aware, there is no relevant audit information of which the Charitable Companls auditors are unaware., and The Trustees have taken all steps that they ought to have taken lo rnake themselves aware of any relevant audit infomiation and to establish that the auditors are aware of that information. The Trustees are responsible for the m8inlenan¢e and integrity of the corporate and financial information included on the Charitsble Companls website. Legislation in the United Kingdom governing the preparation and dissemination of financial ststements may differ from legislation in other jurisdictions. Auditors After conducting the Lanlra 5-year Audit Tender process in November 2022 Cooper Parry Group Limited were selected lo continue in office and are willing lo continue for the upcoming years. Approved by order of the members of the board of Trustees and signed on their behalf by.. Dr Davld Llewellyn Chair Dale.. ti AvY?tr lal7 Page13

LANTRA IA Company Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LANTRA Oplnlon We have audited the financial statements of Lantra (the 'Parenl Charitable Company'l and its subsidiaries (the 'Group'l for the year ended 31 March 2023 which comprise the Consolidated Slalement of Financial Aclivilies, the Consolidated Balance Sheet, the Parent Charitable Company Balance Sheet, the Consolidated Ststemenl of Cash Flows, the Parent Charitable Company Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the stste of the Group's and of the pa￿nI Charitable Company's affairs as at 31 March 2023 and of the Group's incoming resources and application of resources, including its income and expenditure for the year then ended., have been property prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordanTr with the requirements of the Companies Act 2006, the Charities and Trustee Investment IScoUandl Act 2005 and regulations 6 and 8 of the Charities Accounts Iscotlandl Regulations 2006. Basis for opinion We conducted our audit in accordance with Intemalional Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Audilorfs responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit eviden￿ we have obtained is sufFi¢ienl and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial slalements, we have concluded that the Trustees. use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the Parent Charitable Company's ability lo continue as a going concern for a period of at least tsvelve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the Trustees wth respect to going concem are described in the relevant sections of this report. Page 14

LANTRA IA Company Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LANTRA ICONTINUEDI Other Informatlon The other infomialion comprises the information included in the Annual Report other than the financial statements and our Audilo¢s Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except lo the extent otheNise explicitly ststed in our report, we do not express any form of assurance conclusion Ihereon. Our responsibility is lo read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Oplnlon on other matters prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees. Report including the Strategic Report for the financial year for which the financial statements are prepared is consistent with the financial stalemenls. the Trustees. Report and the Strategic Report have been prepared in accordan￿ with applicable legal requirements. Matters on whlch we are requlred to report by exceptlon In the light of our knowledge and understsnding of the Parent Charitable Company and its environment obtained in the course of the audit, we have not identified material misslatemenls in the Trustees, Report including the Strategic Report. We have nothing to report in respect of the following matters in relation to which Companies Act 2006 and the Charities Accounts Iscotlandl Regulations 2006 las amended) require us lo report to you if, in our opinion.. the Parent Charitable Company has not kept adequate and sufficient accounting records, or returns adequate for our audit have not been received from branches not visited by us., or the Parent Charitable Company financial statements are not in agreement with the accounting records and returns., or certain disclosures of Trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit. Page 15

LANTRA IA Company Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LANTRA ICONTINUEDI Responslbllltles of trustees As explained more fully in the Trustees, Responsibilities Statement, the Trustees Iwho are also the directors of the Parent Charitsble Company for the purposes of company lawl are responsible for the preparation of the financial ststemenls and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is ne￿SSary lo enable the preparation of financial statements that are free from material misstatement, whether due lo fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the Group's and the Parent Charitsble Company's ability lo continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group or the Parent Charitable Company or to ￿ase operations, or have no realistic allernalive bul to do so. Audltorfs responslbllltles for the audlt of the flnanclal statements We have been appointed as auditor under section 44(1 Ilcl of the Charities and Trustee Investment (Scotlandl Act 2005 and under the Companies Act 2006 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial ststemenls as a whole are free from material misslatemenl, whether due to fraud or error, and lo issue an Audilovs Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misststemenl when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial ststemenls. Irregularities, including fraud, are InStan￿S of non-compliance with laws and regulations. We design procedures in line with our responsibilities, oudined above, lo delect material misstalemenls in respect of irregularities, including fraud. The extent to which our procedures are capable of delecling irregularities, including fraud is detailed below.. Our assessment focused on key laws and regulations the Group and Parent Charitable Company has lo comply with and areas of the financial statements we assessed as being more susceptible lo mistalement. These key laws and regulations included but were not limited lo compliance with the Companies Act 2006, Charities Act 2011, Charities and Trustee Investment (Scollandl Act 2005, Education Act 2011, tsxalion legislation, data prolects'on, anti-bribery and employment legislation. We are not responsible for preventing irregularities. Our approach to delecling irregularities included, but was not limited to, the following.. obtaining an understanding of the legal and regulatory framework applicable lo the Group and Parent Charitable Company and how the Group and Parent Charitable Company are complying with that framework, including an agreement of financial statement disclosures to underlying documentation and other evidence., obtsining an understsnding of the Group and Parent Charitable Company's control environment and how the Group and Parent Charitable Company have applied relevant control procedures, through discussions with Trustees and other management and by performing walklhrough testing over key areas., obtaining an understanding of the Group and Parent Charitable Company's risk assessment pro￿sS, including the risk of fraud. reviewing meeting minutes of those charged with governance throughout the year,. and performing audit testing lo address the risk of management override of controls, including testing journal Page 16

LANTRA IA Company Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LANTRA ICONTINUEDI entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias. Whilst considering how our audit work addressed the detection of irregularities, we also considered the likelihood of detection based on our approach. Irregularities arising from fraud are inherently more difficult lo delecl than those arising from error. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading lo a material misstalemenl in the financial statements or non-complian￿ with regulation. The risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial slatemenls, as we will be less likely lo become aware of Instances of non-compliance. The risk is also greater regarding irregularities occuring due to fraud rather than error, as fraud involves intentional cOn￿alMent, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website al.. www.frc.or .uklauditorsres onsibililies. This description forms part of our Auditor's Report. Use of our report This report is made solely to the Parent Charitable Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the Parent Charitable Company's trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotlandl Regulations 2006. Our audit work has been undertaken so that we might slate to the Parent Charitable Company's members those mallers we are required lo slate lo them in an Auditor's Report and for no other purpose. To the fullest exlenl permilled by law, we do not accept or assume responsibility lo anyone other than the Parent Charitable Company and ils members, as a body, for our audit work, for this report, or for the opinions we have formed. Cy l_c,L Glen Bott (Senior Statutory Au"ditor) for and on behalf of Cooper Parry Group Limited statutory Auditor Cubo Birmingham Office 401, 4th Floor Two Chamberlain Square Birmingham B3 3AX Date." 31 August 2023 Cooper Parry Group Limited are eligible lo act as 8uditors in terms of section 1212 of the Companies Act 2006. Page 17

LANTRA IA Company Limited by Guarantee) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2023 Restrlcted Unrestrlcted funds funds 2023 2023 Total funds 2023 Total funds 2022 Note Income from: Donations and legacies Charitsble activities.. Awarding and Learning Grants and other Government contracts Other services provided Investments 19,289 10,020 7,416,108 7,426,128 6,188,127 3,959,583 348,511 4,715 3,959,583 348,511 4,715 4,418,081 286,171 222 Total income 10,020 11,728,917 11,738,937 10,911,890 Expenditure on: Charitable activities 19,177 10.975,306 10.994,483 9,820,376 Total expenditure 19,177 10,975,306 10,994,483 9,820,376 Net lexpenditurellincome before net Ilossesllgains on investments Nel Ilossesllgains on investments 19.1571 753,611 128,5211 744,454 128,5211 1,091,514 77,694 Net movement in funds 19.1571 725,090 715,933 1,169,208 Reconciliation of funds: Total funds brought forward Nel movement in funds 20,764 19,1571 4.803,396 725,090 4.824,160 715,933 3,654,952 1,169,208 Total funds carried forward 11.607 5,528.486 5,540.093 4,824,160 All activities during the year are classed as continuing. The Charity has taken advantage of section 408 of the Companies Act 2006 to not publish ils own Statement of Financial Aclivilies. The Consolidated Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 23 to 44 form part of these financial statements. Page 18

LANTRA IA Company Limited by Guaranteel REGISTERED NUMBER- 02823181 CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Note Fixed assets Tangible assets Investments 14 632,773 2.274,536 469,899 2,303,058 2,907,309 2,772,957 Current assets Debtors Cash at bank and in hand 16 1,897,830 2,070,808 3,693,963 1,906,506 3,968,638 5,600,469 Credrtors.. amounts falling due within one year 17 {1,335,854} 13,549,266) Nel currenl assets 2.632.784 2,051,203 Total assets less current Ilabllities 5,540,093 4,824,160 Total net assets 5.540,093 4,824,160 Charity funds Restricted funds Unrestricted funds 19 19 11,607 5.528.486 20,764 4,803,396 Total funds 5.540.093 4,824,160 The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements We￿ approved and authorised for issue by the Trustees 8nd signed on their behalf by.. Dr David Llewellyn Chair Dale.. Ir tsLI The notes on pages 23 10 44 form part of these financial slalemenls. Page 19

LANTRA (A Company Limited by Guaranteè) REGISTERED NUMBER- 02823181 PARENT CHARITABLE COMPANY BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Note Fixed assets Tangible assets Investments 14 632,773 2.274,638 469,899 2,303,160 2.907,411 2,773,059 Current assets Debtors Cash at bank and in hand 16 1,897,828 2,057,230 3,693,963 1,902,926 3,955,058 5,596,889 Creditors.. amounts falling due within one year 17 1.341,744} 13,562,108) Net current assèts 2,613,314 2,034.781 Total assets less current liabilltles 5,520,725 4,807,840 Totsl net assets 5,520,725 4,807,840 Charity funds Restricted funds Unrestricted funds 11.607 5.509,118 20,764 4,787,076 Total funds 5.520,725 4,807,840 The Parent Charitsble CoMpan￿S nel movement in funds for the year was £712,88512022'. £1,192,160). The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial slalemenls. The financial slalemenls were approved and aulhorised for issue by the Trustees and signed on their behaw by.. Dr Davld Llewellyn Chair Date.. ti loi2 The notes on pages 23 to 44 form part of these financial statements. Page 20

LANTRA IA Company Limited by Guarantee) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Note Cash flows from operating activities Nel cash used in operating activities 22 412.909 210,245 Cash flovts from investing activities Interest Received Purchase of fixed asset investments Purchase of fixed assets Proceeds from sale of tangible fixed assets 4.716 222 11,000,000) 1253,503} 1131,2191 180 14 Net cash used in investing activities 1248.607} 11.130.997) Cash flovts from financing activities Net cash provided by financing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year 164.302 {920.7521 2,827,258 1,906,506 Cash and cash equivalents at the end ofthe year 23 2,070,808 1,906,506 The notes on pages 23 to 44 form part of these financial statements Page 21

LANTRA IA Company Limited by Guarantee) PARENT CHARITABLE COMPANY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Note Cash flows from operating activities Nel cash used in operating activities 22 397.987 205,434 Cash flovts from investing activities Interest re￿iVed Purchase of fixed asset investments Purchase of fixed assets Proceeds from sale of tangible fixed assets 2,080 11,000,000) 1253,503} 1131,2191 180 14 Net cash used in investing activities 1243.683} 11.129.139) Cash flovts from financing activities Net cash provided by financing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year 154.304 {923.7051 2,826,631 1,902,926 Cash and cash equivalents at the end ofthe year 23 2,057,230 1,902,926 The notes on pages 23 to 44 form part of these financial statements Page 22

LANTRA IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 General Infomiatlon Lantra is a private limited company, limited by guarantee and incorporated and registered in England and Wales. Its company registration number is.. 2823181. It is domiciled in England. The Registered offi￿ is Lantra House, Stoneleigh Park, Coventry, CV8 2LG. Accountlng pollcles 2.1 Basis of preparation of financial statements The financial slalements have been prepared in accordan￿ with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Slalement of 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 leffeclive 1 January 20191, the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Lantra meets the definition of a public benefit entity under FRS 102. The financial statements have been prepared under the historical cost convention eX￿pt that ￿rtain investments are held at market value. The Consolidated Statement of Financial Activities ISOFAI and Consolidated Balan￿ Sheet consolidate the financial statements of the Parent Charitable Company and its subsidiary undertakings. The results of the subsidiaries are consolidated on a line by line basis. The financial statements are prepared in Slerfing 1£), which is Lantra's functional currency and are rounded to the nearest whole pound. The Parent Charitable Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented Ils own Statement of Financial Activities in these financial stalemenls. The financial statements have been prepared in accordan￿ with all applicable laws and regulations for both, charities and companies. 2.2 Going concern The financial statements have been prepared on a going concern basis. Lantra is considered lo be a going concern on the basis that the group has sufficient assets at the end of the year lo meet ils commitments and lo support Ils future plans. Page 23

LANTRA IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcles Icontlnuedl 2.3 Incoming Resources All income is recognised when the Charity is legally entitled to it, after any performance conditions have been mel, the amounts can be measured reliably, and it is probable that the income will be re￿ived. The following policies are applied lo the specific categories of income.. Income from grants and govemment contracts Grants and donations are recognised in the Statement of Financial Activities when the Charity becomes entided to receipt, when receipt is probable and when the value can be reliably quantified. Grants and contracts that have performance related conditions are recognised in the Statement of Financial Activities when performance conditions are satisfied. Deferred income is recognised in the balance sheet when the Charity has received income in advance of performance related conditions being met. Grants re￿1vable for capital expenditure are maintained in a restricted fund to which depreciation of the relevant asset is charged. Interest and Investment Income Interest and investment income is accounted for when receivable by the Charity. 2.4 Resources Expended All expenditure is accounted for on an accruals basis as a liability is incurred and has been classified under headings that aggregate all costs related lo the category. Direct staff costs and overheads are allocated be￿een charitable activities on the basis of estimated time spent on each project. Support costs are those incurred direcuy in support of expenditure on the objects of the Charity. Governance costs are those incurred in connection with administration of the Charity and compliance with ststulory requirements, Support costs are allocated in proportion lo the staff numbers incurred on the Charity's various aclivilies. 2.5 Tanglble flxed assets and depreclatlon Tangible fixed assets costing £500 or more are capilalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured al cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition are included in the measurement of cost. Page 24

LANTRA IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcles Icontlnuedl 2.5 Tangible fixed assets and depreciation Icontinuedl Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straighl-line method. Depreciation is provided on the following basis.. Long leasehold premises Office equipment Office Furniture Software and website development 40h per annum 200h to 330A per annum 200h per annum 330k per annum 2.6 Investments Fixed asset investments are a form of financial instrument and are initially recognised al their transaction cost and subsequently measured at fair value at the Balance Sheet dale, unless the value cannot be measured reliably in which case it is measured al cost less impaimient. Investment gains and losses, whether realised or unrealised, are combined and presented as 'Gainsl{Lossesl on investments, in the Consolidated Statement of Financial Activities. Investments in subsidiaries are valued at cost less provision for impairment. 2.7 Debtors Trade and other debtors are recognised al the settlement amount after any trade discount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. 2.8 Creditors Trade and other creditors are recognised at the settlement amount due after any trade discounts offered. Accruals are valued at the amount accrued nel of any trade discounts due. 2.9 Flnanclal Instruments The Group only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties. Financial assets that are measured at cost and amortised cost are assessed al the end of each reporting period for objective evidence of impairment. If objective eviden￿ of impairment is found, an impaimient loss is recognised in the Statement of Financial Activities. Financial assets that are measured at fair value are valued based on valuations obtained al the year end. The fair value of the cash has been determined with reference lo the bank statements and reconciling items at the year end. Page 25

LANTRA IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcles Icontlnuedl 2.10 Retirement benefits - Pension Scheme The Charity participates in the ITB Pension Funds, a defined benefit scheme, which is externally funded and has its own direct contribution stskeholder pension. The fund is valued at least every 3 years by a professionally qualified independent actuary with the rates of contribution payable being determined by the Trustees on the advice of the actuary. The scheme operates as a pooled arrangement. As a consequen￿, no share of the underlying assets and liabilities can be directly attributed to the Charity. In these circumstances, contributions are accounted for as if the scheme was a defined contribution scheme based on actual contributions paid through the year with the amount charged lo the Statements of Financial Activities in respect of pension costs and other post-retirement benefits being the contributions payable in the year. 2.11 Redundancy Costs The costs of making employees redundant are recognised in the period in which the redundancy is communicated to the employee. In cases where the redundancy is communicated prior lo the year end but the employee does not leave until after the year end, the full costs of the redundancy are accrued. 2.12 Leased assets Rentals paid under operating leases are charged lo income on a straight-line basis over the term of the lease. Operating leases are where the risks and rewards of ownership remain with the lessor. 2.13 Restrlcted funds Lantra re￿iVeS some reslricled income which can only be used for specified purposes as staled by the funder. Each type of restricted fund is accounted for and separately identified in the accounts. 2.14 Unrestrlcted funds Unrestricted funds are incoming resources re￿iVed or generated for charitable purposes and are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. 2.15 Judgements In applylng accountlng pollcles and key sourees of estlmatlon uncertalnty In preparing the Financial Statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of conlingenl assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with expectations of future events that are believed to be reasonable under the circumstsnces. Actual results in the future could differ from such estimates. In relation to government contract income where we also have deferred income overlapping the financial year end, the income recognised matches the direct costs and any remaining contract funds are not recognised until the contract is complete. Accruals are mostly based on post year end events and depreciation rates are set based on industy norms and are consistent year on year. Page 26

LANTRA IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Income from donatlons and legacles Unrestricted funds 2023 Total funds 2023 Total funds 2022 Other Grants 19,289 Analysis of grants and other Government contracts Unrestricted Unrestricted funds funds 2023 2022 Other Government conlraels 3,906,003 4,310,731 107 350 Other Skills Development Scotland Contracts 3 959 853 4418 081 Other serviees provided Unrestricted Unrestricted funds funds 2023 2022 Sale of Animal Care workbooks Apprenticeship ￿rtIfiCation Room hire Skills Manager sales Consultsncy Other 35.516 24.525 234,694 53,698 78 51,021 3,548 213,817 17,546 239 348511 286 171 Page 27

LANTRA IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Investment Income Unrestricted funds 2023 Total funds 2023 Total funds 2022 Interest receivable 4,715 4,715 222 Analysis of total resources expended Support costs Total 2023 Direct costs Staff costs Total 2022 Charitable Activities.. Awarding and Learning Grants and Contracts Other services provided 2,633,740 2,417,237 3,552 2,635,702 1,196,407 1,174,875 515,290 252,960 164,720 5.784,732 3,866,604 1,343,147 4,468,941 4,208,703 1,142,732 Total 5 054 529 5 006 984 932 970 10 994 483 9 820 376 Staff costs have been allocated to activities based on the estimated time spent by staff members on those activities. Support costs have been allocated based on esb'maled time spent by staff members on those acb'vities. Total expenditure in the year was £10,994,48312022." £9,820,376) with £10,975,306 unreslricled 12022". £9,818,880) and £19,177 reslricled12022. £1,496>. Page 28

LANTRA IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Support Costs Other services provided Awarding & Grants & Learning Contracts 2023 2022 Support Costs Repairs & Maintenance Depreciation IT & Telephone Rent & Rates 24,953 49,002 138,949 59,390 188,016 54,286 12,250 24,056 68,211 29,155 92,298 25,055 8,166 45.369 77,256 16,037 89.095 140,077 45,474 252,634 213,943 19,437 107,982 99,043 61,532 341,846 274,373 16,703 96.044 13,294 General office G0Veman￿ costs Isee below) Total 514 596 251025 167 349 932 970 817 986 Other services provided Awarding & Grants & Learning Contracts 2023 2022 Governance Costs Audit & Account Prep. fees Bad debts Meeting and Board costs Other Professional Fees 13,788 32,346 3,534 4,618 5,198 15,879 1,735 2,243 3,465 10,586 1,157 1,495 22.451 58,811 6,426 8,356 13,850 126,7401 2,063 24,121 Total Governance Costs 13294 Costs are allocated based on the staff allocated to each activity. Auditorfs remuneration 2023 2022 Fees payable lo the Parent Charitable Company's auditor for the audit of the Parent Charitable Company's annual accounts Fees payable lo the Parent Charitable Company's auditor in respect of". Audit of subsidiary accounts Review of subsidiary accounts Corporation lax 13.750 12,100 1,750 750 2.800 1,000 Page 29

LANTRA IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 10. Staff costs Group 2023 Group 2022 Company 2023 Company 2022 Salaries and wages Social security costs Pension costs 4.188.344 409,631 177,518 14.072 3,682,455 359,887 155,858 1,902 4.188.344 409,631 177,518 14.072 3,682,455 359,887 155,858 1,902 Reslrucluring costs 4.789.565 4,200,102 4.789.565 4,200,102 Travellsubsislen Value of Benefit in Kind 311,158 193,739) 240,013 1100,2401 311,158 193,739) 240,013 1100,2401 5,006.984 4,339,875 5,006.984 4,339,875 The costs and liabilities in ￿latiOn to the defined contribution pension scheme are allocated between activities on the same basis as staff costs. Direct staff costs including pensions are allocated direcuy lo the activities that the staff work on, based on the estimated b'me that the employees have worked on the projects. Support staff pension costs a￿ allocated in-line with all support costs. Reslrucluring costs of £14,07212022". £1,902) including redundancy costs of £11,71712022. £1,902) and £2,35512022." £Nill of settlement costs were inCur￿d during the year. Al the balance sheet date £11,717 12022." £nill was accrued in ￿latiOn to redundancy payments that had been agreed but not paid. The average number of persons employed by the Parent Charitable Company during the year was as follows." Group 2023 No. Group 2022 No. Company 2023 No. Company 2022 No. Government Contracts Awarding and Learning Central Servi￿$ 36 73 24 37 68 20 36 73 24 37 68 20 133 125 133 125 Page 30

LANTRA IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 10. Staff costs {contlnued} The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was.. Group 2023 No. Group 2022 No. In the band £90,001- £100,000 In the band £100,001- £110,000 In the band £110,001- £120,000 In the band £140,001 - £150,000 The number of higher paid stsff to whom retirement benefits are accruing is 312022.. 31. The total remuneration paid to key management personnel for their services provided to the Charity was £491,664 12022.. £453,098). Key management personnel comprise of the trustees and the Chief Executive and Senior Staff as detailed on pages 1 and 2. 11. Trustees. remuneration and expenses During the financial year and in accordance with the Memorandum and Articles of Association of the Charity the sum of £7,292 was paid to Heather Peck 12022.. £12,500) and £5,208 was paid to David Llewellyn 12022.. £nill for consultancy servi￿$ which the Chair provided to the Board during the year. Heather Peck served as Chair during the year until 31 October 2022 and David Llewellyn served as Chair from 1 November 2022. This year the Charity paid no other Trustees for additional work undertaken in line with Ils Articles of Association12022' no remuneration was paid lo any other Trusteesl. Pension contributions worth £nil were made on behalf of the Chair12022.. £nil}. Pension contributions worth £nil were made on behalf of any other Truslee12022. £nill. During the year ended 31 March 2023, expenses lotalling £8,526 were reimbursed or paid directly lo 14 Truslees12022 - £3,001 to 7 Trusleesl for meeting and travel expenses. 12. Support of volunteers The Charity is supported by the work of a signficanl number of volunteers who freely provide their lime to attend to steering and advisory groups. In addition. businesses make their lime freely available to help provide research information and assist in the development of occupational standards and frameworks and training courses. 11 is difficult to put a value on this contribution. 13. Net income attributable to the parent company The entity has taken exemption from presenting its own profit and loss account under section 408 of Companies Act 2006. The nel income dealt with in the financial statements of the parent company is £712,88512022 £1,192,160). Page 31

LANTRA IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 14. Tanglble flxed assets Group and Company Long leasehold premises Software and Office website equipment development Office furniture Total Cost or valuation At 1 April 2022 Additions Disposals 510.465 3.590 1,788 2,884 235,258 61,349 13,0391 436.591 185.680 1,184,102 253,503 13,0391 At 31 March 2023 514,055 4,672 293,568 622,271 1,434,566 Depreciation At 1 April 2022 Charge for the year On disposals 305.691 19.707 1,548 614 169,515 38,002 11,8891 237.449 31.156 714,203 89,479 11,8891 At 31 March 2023 325,398 2,162 205,628 268,605 801,793 Net book value At 31 March 2023 188.657 2,510 87,940 353.666 632,773 At 31 March 2022 204,774 240 65,743 199,142 489,899 15. Fixed asset investmgnts Listed Investments Group At 1 April 2022 Additions 2,303,058 788,524 175.7351 128,5211 {712,7901 Disposals Revaluations Movement in capital account At 31 March 2023 2,274,536 Page 32

LANTRA IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 15. Flxed asset Investments Icontlnuedl Investments in Subsidiary Listed companies investments Total Parent Charitable Company At 1 April 2022 Additions Disposals Revaluations Movement in capitsl account 102 2,303.058 788.524 175.7351 128,5211 1712.7901 2,303,160 788,524 175,7351 28,5211 {712.7901 At 31 March 2023 102 2,274.536 2.274,638 Page 33

LANTRA IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 15. Flxed asset Investments Icontlnuedl Prlnelpal subsldlarles The following were subsidiary undertakings of the Parent Charitable Company.. Names Company number Prlnclpal actlvlty Class of shares Holdlng Upskill UK Limited 06352816 The development and Ordinary supply of IT solutions based on individual and business competency Dormant 1000 Lantra Awards Limited 03567982 Ordinary 1000 The registered office of each of the above subsidiary undertakings is Lanlra House, Stoneleigh Park, Coventry, CV8 2LG. The financial results of the subsidiaries for the year were.. Names Income Expenditure ProfitllLossl I Surplusl (Deficit) for the year Net assets Upskill UK Limited Lantra Awards Limited 25.550 122,502) 3,048 (137,1761 During the year ended 31 March 2018 Lanlra invested in a lotsl return fund seeking long temi growth, the original investment of £1,000,000 was valued al £1,295,148 al 31 March 2023. During the year ended 31 March 2022 Lantra invested in a multi-asset portfolio seeking long term growth, the original investment of £1,000,000 was valued at £979,389 at 31 March 2023. Page 34

LANTRA IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 16. Debtors Group 2023 Group 2022 Company 2023 Company 2022 Due within one year Trade debtors Other debtors 1,645,553 7,282 32.061 212.934 3,426,719 7,564 36,014 223,666 1,645,553 7,280 32.061 212.934 3,426,719 7,564 36,014 223,666 Accrued income Prepayments 1,897,830 3,693,963 1,897,828 3,693,963 Awrued income includes £31,460 ENRaW paid for from Social Farms and Gardens. 17. Creditors: Amounts falling due within one year Group 2023 Group 2022 Company 2023 Company 2022 Trade creditors Amounts owed to group undertakings Other laxalion and social security other creditors 464,322 496,886 464,321 9,089 287.704 687 496,886 14,592 279,893 586 287.704 685 279,893 586 Deferred income 342,194 240,949 2,491,042 280,859 342,194 237,749 2,491,042 279, 109 Awruals 1.335.854 3,549,266 1.341.744 3,562,108 Group deferred income comprises contract income re￿iVed in advance of contract oulpulsl milestones being delivered. This figure is calculated based on actual oulpuls al the year end compared to cash received and includes any provisions to allow for non-delivery by the conclusion of the project timetable. Deferred income includes £59,530 from Welsh Government for various projects 12022.. £1,499,363), £149,311 12022.. £566,810) for end point assessments invoiced in advance and other deferred income of £124,752 from Scottish Government for various projects12022.' £416,668). Page 35

LANTRA IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Group 2023 Group 2022 Company 2023 Company 2022 Deferred Income at 1 April 2022 ReSoUr￿S deferred during the year Amounts released from previous periods 2.491,042 217.577 {2,366,425} 2,224,775 2.491,042 442,068 217.577 1175,8011 12,366,425} 2,224,775 442,068 1175,8011 342,194 2,491,042 342,194 2,491,042 18. Financial instruments Group 2023 Group 2022 Company 2023 Company 2022 Financial assets Financial assets measured at fair value through profit or loss Financial assets that are debt instruments measured at amortised cost 2,070,808 1,906,506 2,057,230 1,902,926 1.684.896 3,470,297 1.684.894 3,470,297 3,755.704 5,376,803 3,742.124 5,373,223 Group 2023 Group 2022 Company 2023 Company 2022 Financial liabilities Financial liabilities that are debt instruments measured at amortised cost 993.660 1,058,224 999.550 1,071,066 Financial assets measured at fair value through profit or loss comprise of cash at bank and in-hand. The fair value of the cash has been determined with reference to the bank statements an reconciling items at the year end. Financial assets that are debt instruments measured al amortised cost comprise trade debtors, other debtors and accrued income. Financial liabilities that are debt instruments measured at amortised cost consists of trade creditors, other creditors, other tsxation and social security, and accruals. Page 36

LANTRA IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 19. Statement of funds Statement of funds - current year Balance at 31 March 2023 Balance at 1 Aprll 2022 Transfers Inlout Galnsl (Losses) Income Expendlture Unrestricted funds Designated funds Unrestricted funds Unrestricted funds 4.803.396 11.728.917 110.975.306} {28.521} 5.528.486 Total Unrestrlcted funds 4.803.396 11.728.917 110.975.306} {28.521} 5.528,486 Restrlcted funds Frank Parkinson Trust Animal Care Lead Body R2 800 {400) 400 4.388 1,080 14,496 20 4,408 1,080 5,719 Instruelor Levy 10,000 (18,777) 20.764 10,020 119.177} 11,607 Totsl offunds 4,824,160 11,738,937 110.994,483} {28,521) 5,540,093 Page 37

LANTRA IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 19. Statement of funds (contlnuedl Statement of funds - prlor year Balance at 31 March 2022 Balance at 1 Aprll 2021 Transfers Inlout Galnsl (Losses) Income Expendlture Unrestricted funds Designated Funds 10,000 110,0001 Unrestricted funds 3,638,287 10,906,295 19,818,880) 77,694 4,803,396 Total Unrestricted funds 3,648,287 10,906,295 19,818,880) 110,0001 77,694 4,803,396 Restricted funds Frank Parkinson Trust Animal Care Lead Body R2 Instructor Levy 1,200 14001 800 4,385 1,080 4,388 1,080 14,496 5,592 11,0961 10,000 6,665 5,595 11,4961 10,000 20,764 Total of funds 3,654,952 10,911,890 19,820,376) 77,694 4,824,160 Page 38

LANTRA IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 19. Statement of funds (contlnuedl The Frank Parkinson Trust contributed funds towards building costs. Animal Care Lead Body funds provide support for the keeping of animals in educational establishments. R2 provide funds to support the promotion of the arboricullure professional skills register to the industry. The instructor levy is a course fund levy established to help new inslruclors cover the cost of skills assessment. 11 is aimed to help overcome barriers to recruitment and will be used lo pay for.. Training and development costs for new instructors in certain specified skills Supporting providers lo mentor new instructors Funding instructional techniques courses 20. Summary offunds Summary offunds - current year Balance at 31 March 2023 Balance at 1 Aprll 2022 Galnsl (Losses) Income Expenditure General funds Reslricled funds 4,803,396 11.728.917 {10,975.3061 20,764 10.020 119.1771 {28.521) 5,528,486 11,607 4,824,160 11,738,937 (10,994,483) 128,521) 5,540,093 Summary offunds - prior year Balance at 31 March 2022 Balance at 1 April 2021 Transfers inlout Gainsl (Losses) Income Expenditure Designated funds 10,000 3,638,287 10,906,295 6,665 5,595 110,0001 General funds Reslricled funds 19,818,880) 11,4961 77,694 4,803,396 20,764 10,000 3,654,952 10,911,890 19,820,376) 77,694 4,824,160 Page 39

LANTRA IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 21. Analysls of net assets between funds Analysls of net assets between funds - current year Restrlcted Unrestrlcted funds funds 2023 2023 Total funds 2023 Tangible fixed assets Fixed asset investments Current assets Creditors due within one year 400 632,373 632,773 2,274,536 2,274,536 3,957,431 3,968,638 11,335,854) 11.335.854) 11,207 Total 11,607 5,528,486 5,540,093 Analysis of net assets between funds - prior year Restricted Unrestricted funds funds 2022 2022 Total funds 2022 Tangible fixed assets Fixed asset investments Current assets Creditors due within one year 800 469,099 469,899 2,303,058 2,303,058 5,580,505 5,600,469 13,549,266) 13,549,266) 19,964 Total 20,764 4,803,396 4,824,160 Page 40

LANTRA IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 22. Reconclllatlon of net movement In funds to net cash flow from operatlng actlvltles Group 2023 Group 2022 Company 2023 Company 2022 Nel income for the year las per Statement of Financial Acliviliesl 715,933 1,189,208 712,885 1,192,160 Adjustments for: Depreciation charges Gainslllossesl on investments Dividends, interests and rents from investments 89.479 28,521 140,077 177,6941 89,479 28,521 140,077 177,6941 {4.7151 970 1,796.133 11,297,258) 12,213,4121 276,134 12221 19,639) 970 1,796,135 11,297,857) 12,220,364) 250,828 12,0801 Loss on the sale of fixed assets Decreasellincreasel in debtors Inereaselldec￿aSe> in creditors Net cash provided by operating activities 412.909 210,245 397.987 205,434 23. Analysis of cash and cash equivalents Group 2023 Group 2022 Company 2023 Company 2022 Cash in hand 2,070,808 1,906,506 2,057,230 1,902,926 Total cash and cash equivalents 2.070.808 1,906,506 2.057.230 1,902,926 24. Analysls of changes In net debt At 1 April 2022 Cash flows At 31 March 2023 Cash al bank and in hand 1.906,506 164.302 2.070,808 1,906,506 164,302 2,070,808 Page 41

LANTRA IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 25. Contlngent Ilabllltles The Group has been in receipt of significant income from a variety of grant making bodies in recent years and takes all reasonable steps to ensure it complies with the terms attached lo the receipts of all such income. However, the Trustees recognise that this is a complex area and there is always a risk that some funding could become repayable as a result of an inspection by these bodies. It is not possible to estimate the value, if any, or timing of any such repayments. 26. Capltal commltments Group 2023 Group 2022 Company 2023 Company 2022 Contracted for but not provided in these financial statements Acquisition of tangible fixed assets 79.362 21,184 79.362 21,184 27. Penslon commltments Under the definitions set out in FRS 102, the ITB Pension Funds is a Multi-employer pension scheme. Lantra is unable lo identify ils share of the underlying assets and liabilities of the scheme. Accordingly Lantra has taken advantage of the exemption in FRS 102 and has accounted for its contributions lo the scheme as if il were a defined benefit contribution scheme. Lantra has set out below the information available on the surplus in the scheme and the implicab'ons for Lanlra in terms of anticipated contribution rates. The pension cost is assessed every three years in accordance with the advice of an independent qualified actuary using the projected unil valuation method. The objective of this method is to maintain a fund that is expected to be sufficient to meet the expected oulgoings in respect of all benefi'ts accrued to the date of the valuation. The latest actuari81 valuation of the scheme was as at 31 March 2022. The assumptions that have the most significant effect on the valuation are as follows". Pre-relirement discount rate Posl-retirement discount rate Rale of price inflation Gill Yield Curve + 0.150/0 Gilt Yield Curve + 0.150 Implied by gilt curves The assets in the scheme and the expected rale of return were.. Market value of assets at dale of last valuation Surplus in scheme £543.9 million £24.8 million Page 42

LANTRA IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 28. Operatlng lease commltments At 31 March 2023 the Group and the Parent Charitable Company had commitments to make future minimum lease payments under non-cancellable operating leases as follows.. Group 2023 Group 2022 Company 2023 Company 2022 Not later than 1 year Later than 1 year and not later than 5 years Later than 5 years 191.548 432.045 4,979,576 139,078 325,646 4,278,470 191.548 432.045 4,979,576 139,078 325,646 4,278,470 5,603,169 4,743,194 5,603,169 4,743,194 The following lease payments have been recognised as an expense in the Statement of Financial Acts'vilies.. Group 2023 Group 2022 Company 2023 Company 2022 Operating lease rentals 201,148 192,681 201,148 192,681 29. Guarantee Lantra is a Company limited by guarantee. The members of the Company have each agreed lo contribute £1 to the assets of the Company in the event of it being wound up. As al 31 st March 2023 there were 11 members12022.' 12 membersl of Lanlra. Page 43

LANTRA IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 30. Related party transactlons During the year Upskill UK Limited, a 1000/0 owned subsidiary, made sales to Lantra tolalling £21,941 12022.. £21,846>, additionally Lanlra made saleslrecharges to Upskill UK Limited tolalling £6,925 12022.. £5,849) an amount of £9,089 12022.. £14,592) was oulstsnding to Upskill UK Limitedlowed by Lantra. Lantra also charged interest of £4,924 12022.. £1.8581 to Upskill UK Limited on the outstanding inter- company loan of £156,54312022'. £156,543). All inter-company transactions are charged according to the Service Contract that is in place be￿een the two entities. Details of the balances and transactions with the Directors and Trustees are disclosed in Note 11. Income of £Nil12022'. £1,379) from Countryside servI￿s Limited was received in the year until 26 August 2022, a company of which J Henning was a Director of until 26 August 2022. As of March 2022 £nil was outstanding from Countryside Setvices Limited,. Countryside Setvices Limited did not have a common director as at March 2023. Income of £305 was received from AHDB Dairy Board in 2022, a company that P Rees was also a Director of, AHDB Dairy Board was no longer a related party in 2023. As al 31 March 2023 £Nil 12022.. £961 was outstanding from AHDB Dairy Board. Income of £88,869 12022.. £67,494) was received from Ringlink servI￿s Limited, a company that J Craigie is a Director of. As at 31 March 2023 £9,681 12022.. £8,075) was outstanding from Ringlink Services Limited. Expenditure of £53,029 12022.. £62,857) was incurred from Ringlink Services Limited. £Nil was owing lo Ringlink at the year end12022'. £3,813). Income of£50,681 12022.. 34,5851 was received from SRUC, a company that J Craigie and M Thompson are Directors of. As at 31 March 2023 £13,17012022.' £19,164) was outstanding from SRUC. Expenditure of £7,983 12022.. £7,302> was incurred from SRUC. £550 was owing lo SRUC at the year end 12022.. £3,297). Income of £3,369 was received from Borders College in 2022, a company that M Thompson was a Director of until January 2022. As at 31 March 2022 £491 was outstanding from Borders College, Borders College was not a related paty as at 31 March 2023. Expenditure of £2,525 was incurred from Borders College in 2022. Income of £39,640 was received from Eastec UK Ltd, a company that S Batten is a Director of. As al 31 March 2023 £4,061 was outstanding from Eastec UK Ltd. Eastec UK Ltd was not a related party in 2022. Income of £229 was received from Countryside Learning Scotland, a company that M Thomson is a director of and expenditure of £250 was incurred from Countryside Learning Scotland. Countryside Learning Scotland was not a related paty in 2022. Expenditure of £1,410 12022.. £Nill was incurred from Janglebean Ltd, a company that J Craigie is a Director of. Page 44