2023-08-31-accounts

Report and financ	i	al state	ment	s for th	e year ended 31August	2023
Contents						Page
Officers and professional		advisers
Group trustees' report						2-3
Trustees' responsibilities		statement
Independent auditor's	report					5-7
Consolidated statement		offinancial	activities
Balance sheets						9-10
Statement ofcash flows		and consolidated		statement	of cash flows
Notes to the financial statements						12-23

Summary Income and Ex	penditure A	ccount
			Unrestricted
			fund	2023	2022
		Note	f	f	f
Incoming resources
Incoming resources from generated	funds
Activities for generating funds Income generated by subsidiaries			1,541,248	1,541,248	1,446,703
Investment Income
Other investment income			1,620	1,620	41
Incoming resources from charitable Project and other income	activities		15,785	15,785	11,162
Total incoming resources			1,558,653	1,558,653	1,457,906
Resources expended
Costs ofgenerating funds Costs incurred by subsidiaries		6	1,502,757	1,502,757	1,318,877
Costs ofcharitable activities
Direct costs			11,556	11,556	8,767
Support costs Governance costs			70,853 4,200	70,853 4,200	53,269 4,200
Total resources expended			1,589,366	1,589,366	1,385,113
Net (outgoing) / incoming resources Total funds brought forward at 1September			(30,713) 393,391	(30,713) 393,391	72,793 320,598
Total funds carried forward		16	362,678	362,678	393,391

As at 31Augus	t	20	23
							Group	Charity
						2023	2022	2023	2022
					Note	f	f	F.	f
Fixed assets
Intangible assets					9	37,532	50,213
Tangible assets					10	18,616	32,613	522	712
Investments					11			1	1
Current assets
Debtors					12	175,919	214,001	103,445	157,857
Prepayments and accrued			income			18,766	34,736	4,262	11,185
Cash at bank and in	hand					365,983	342,265	195,700	162,909
Total current assets						560,668	591,002	303,407	331,951
Creditors: amounts	falling		due within one
year					13	(130,198)	(115,548)	(5,150)	(3,936)
Net current assets						430,470	475,454	298,257	328,015
Total assets less current liabilities						486,618	558,280	298,780	328,728
Creditors: amounts	falling		due after more
than one year					14	(23,603)	(32,640)
Accruals and deferred		income			15	(100,337)	(132,249)	(6,222)	(5,750)
Net assets						362,678	393,391	292,558	322,978
Funds
Unrestricted						362,678	393,391	292,558	322,978
Unrestricted deficit	retained		within	non
charitable subsidiaries
Total funds					16	362,678	393,391	292,558	322,978

For the year e	nded		31	Aug	ust	202	3
									Group		Charity
								2023	2022	2023	2022
							Note	f	f	f	f
Cash generated from/(used			in)	operating
activities							21	41,181	140,939	31,720	55,040
Tax Paid								(3,549)	(693)
Net cash from operating		activities						37,632	140,246	31,720	55,040
Cash flows from investing		activities
Interest income								1,620	41	1,071	20
Purchase of intangible assets								(14,513)	(20,048)
Purchase oftangible	fixed	assets						(1,021)	(4,263)		(759)
Cash provided by (used in) investing					activities			(13,914)	(24,270)	1,071	(739)
Increase/(decrease)	in cash and			cash
equivalents in the	year							23,718	115,976	32,791	54,301
Cash and cash equivalents		at	the	beginning		of
the year								342,265	226,289	162,909	108,608
Total cash and cash	equivalents			at the end		of
the year							22	365,983	342,265	195,700	162,909

3.	Financial performance of the c	Financial performance of the c	Financial performance of the c	ha	rity	rity
	The consolidated statement			of	financial		activities		includes	the	results	of the	charity's	wholly owned
	subsidiaries, The summary		financial			performance		of	the charity	is detailed		below,
													2023	2022
													f	f
	Income												15,785	11,162
	Donation from subsidiary		companies										81,921	149,057
	Investment income												1,071	20
													98,777	160,239
	Expenditure on charitable		activites									(11,556)		(8,767)
	Grant paid to subsidiary		company									(32,700)		(30,000)
	Support costs											(80,741)		(59,845)
	Governance costs												(4,200)	(4,200)
												(129,197)		(102,812)
	Net (outgoing)/incoming		resources									(30,420)		57,427
	Fund balances brought	forward										322,978		265,551
	Fund balances carried	forward										292,558		322,978
	Represented by:
	Unrestricted income funds											292,558		322,978
4.	Project and other income
													2023	2022
													f	f
	Project and other income:
	NVQ's, courses and examination				fees								15,785	11,162
	No grants received in the		year	(2022: nil).
5.	Investment income
													2023	2022
													f	f
	Bank interest received												1,620	41

				Costs of
		Direct	Support	generating	Governance
		costs	costs	funds	costs	Total	Total
		2023	2023	2023	2023	2023	2022
		f	f	f	f	f	f
Project expenditure		11,556		449,509		461,065	365,932
Staff costs and expenses			25,682	768,654		794,336	689,733
Training and	development			5,311		5,311	8,436
Premises and office costs			1,715	74,974		76,689	70,611
Travelling and motor expenses			8,026	49,032		57,058	46,369
Audit fees				7,950	4,200	12,150	12,120
Accountancy	and professional
fees			4,735	17,518		22,253	20,871
Depreciation	and amortisation		190	42,023		42,213	46,401
Loss on disposal							930
Bank charges and interest			1,111	3,074		4,185	3,306
Insurance			1,129	2,080		3,209	987
Advertising	and exhibitions		22,706	10,936		33,642	42,726
Product development				17,329		17,329	27,627
Conference	costs			11,298		11,298	9,103
Computer expenses			4,420	31,072		35,492	30,220
Other costs			1,139	8,813		9,952	6,192
Corporation	Tax			3,184		3,184	3,549
		11,556	70,853	1,502,757	4,200	1,589,366	1,385,113

s stated after	charging:			2023	2022
				f	f
Fees payable	to the charity's	auditor for the audit ofthe	accounts	12,150	12,120
Fees payable	to the charity's	auditor for tax advisory services		1,325	1,200
Fees payable	to the charity's	auditor for other financial	services	7,776	7,920
Depreciation	oftangible assets			15,019	16,157
Amortisation	of intangible assets			27,194	30,244
Rents				49,562	38,252

Staff costs
				2023	2022
				E	E
Gross wages and salaries				659,988	564,401
Other staff	costs			4,679	4,181
Employer's	national	insurance		69,497	53,949
Pension costs				60,172	52,066
				794,336	674,597
The average	monthly	number of employees	during the year was as follows:
				2023	2022
				No.	No.
Administration				21	20

2023	2022
No.	No.

tangible assets
	Group	Charity
	development	development
	costs	costs
	f	f
Cost
At 1September 2022	207,641
Additions	14,513
At 31August 2023	222,154
Depreciation
At 1September 2022	157,428
Charge for the year	27,194
At 31August 2023	184,622
Net book value
At 31August 2023	37,532
At 31August 2022	50,213

10.	Tangible asse	ts
			Group	Charity
			fixtures,	t
			fittings and	fittings and
			equipment	equipment
			f	E
	Cost
	At 1September 2022		74,118	6,758
	Additions		1,022
	Disposals
	At 31August	2023	75,140
	Depreciation
	At 1September 2022		41,505	6,046
	Charge for the year		15,019	190
	Elimination	on disposal
	At 31August	2023	56,524	6,236
	Net book value
	At 31August	2023	18,616	522
	At 31August	2022	32,613	712
11.	Fixed asset investments
				Shares in
				group under
				takings
				F.
	Cost
	At 1September 2023
	At 31August	2022
	Net book value
	At 31August	2023
	At 31August	2023

12.	Debtors
						Group		Charity
						2023	2022	2023	2022
						f	f	f	f
	Trade debtors					172,604	210,686	1,282
	Amounts	owed by	subsidiary		undertakings			102,163	157,857
	Other debtors					3,315	3,315
						175,919	214,001	103,445	157,857
13.	Creditors:	Amounts	falling due		within one year
						Group		Charity
						2023	2022	2023	2022
						f	f	f	f
	Trade creditors					94,811	79,710	4,097	2,944
	Taxation and social		security costs			19,324	20,248	877	856
	Bank loans					10,000	10,000
	Other creditors					6,063	5,590	176	136
						130,198	115,548	5,150	3,936
14.	Creditors:	Amounts	falling due after one year
						Group		Charity
						2023	2022	2023	2022
						f	f	f	f
	Bank loans					23,603	32,640
15.	Accruals and deferred			income
						Group		Charity
						2023	2022	2023	2022
						f	f	f	f
	Accruals and deferred			income		100,337	132,249	6,222	5,750

from en	d point a	ssessments which had not been performe	d by the balan	ce sheet date.
				Group	Charity
Balance	as at 1September 2022			113,197
Amount	released	to income from activities for generating	funds	(113,197)
Amount	deferred	in year		72,873
Balance	as at 31	August 2023		72,873

Analysis of movements	in unrestricted	funds
		At 1				At 31
	September					August
		2022	Income	Expenditure	Transfers	2022
		f	f	f	f	f
Unrestricted		393,391	1,558,653	(1,589,366)		362,678
Total funds		393,391	1,558,653	(1,589,366)		362,678
Analysis of movement	in unrestricted	funds —previous year
		At 1				At 31
	September					August
		2021 f	Income f	Expenditure f	Transfers f	2022 f
Unrestricted		320,598	1,457,906	(1,385,113)		393,391
Total funds		320,598	1,457,906	(1,385,113)		393,391

to the ch	arity	. A summary ofthe results of	the subsidiaries is sho	wn below.
			Institute	ofMeat	FDQ Limited
			2023	2022	2023	2022
			E	E	f	f
Turnover	and	costs contribution	132,648	88,883	1,439,189	1,364,187
Cost ofsales			(20,408)	(20,453)	(429,101)	(336,711)
			112,240	68,430	1,010,088	1,027,476
Government		grants received				208
Administrative		expenses	(48,615)	(44,029)	(989,038)	(896,457)
Interest receivable					549	22
Charitable	donation		(63,270)	(20,808)	(18,651)	(128,249)
Net profit			355	3,593	2,948	3,000
Tax			(354)	(1,094)	(2,831)	(2,455)
Net profit	after tax		1	2,499	117	545
Members'	surplus/(deficit)		4,001	4,000	45,039	44,922

1.	Reconciliation ofnet		movements	in funds	to net cash flow from operating			activities
						Group			Charity
						2023	2022		2023	2022
						f	f		f	f
	Surplus/(Deficit)	before taxation				(27,529)	76,342		(30,419)	57,427
	Depreciation charges					42,213	46,401		190	47
	Loss on disposal	charge					930
	Interest income					(1,620)	(41)		(1,071)	(20)
						13,064	123,632		(31,300)	57,454
	Decrease/(increase)		in trade and	other
	debtors					54,052	(37,721)		61,335	(2,860)
	(Decrease)/increase		in trade and	other
	creditors					(25,935)	55,028		1,685	446
	Cash generated	from	operations			41,181	140,939		31,720	55,040
.	Cash and cash equivalents
						Group			Charity
Year	ended 31August	2023		31/08/2023		01/09/2022		31/08/2023		01/09/2022
					f				f	f
Cash	and cash equivalents				365,983 342,265				195,700	162,909
						Group			Charity
Year	ended 31August	2022		31/08/2022		01/09/2021		31/08/2022		01/09/2021
					f		f		f	f
Cash	and cash equivalents				342,265	226,289			162,909	108,608