## |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|xtures,| ||||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|