DSC
Company Registration No. 02852984
Charity Registration No. 1041966
The Food and Drink Training and
Education Council Limited
(A Company Limited by Guarantee)
Report of the Trustees and Audited
Financial Statements for the year
ended 31 August 2024

The Food and Drink Training and Education Council Limited
(registered number 02852984)
Report and financial statements for the year ended 31 August 2024
Contents
Page
Offlcers and professlonal advisers
Group trustee< report
Trusteeg responsibilities statement
Independent auditor's report
Consolidated statement of financial artivities
Balance sheets
io
ststement of cash Ilows and consolldated 5tstement of ¢a5h flows
li
Notes to the financial statements
12-23

The Food and Drink Training and Education Council Limited
(registered number 02852984)
Report and financial statements for the year ended 31 August 2024
Officers and professional advisers
Names
Bankers
The Food and Drink Training and Education Council
Limited
Uoyds TSB
Thavies Inn House
6 Holborn Circu5
London
ECIN 2HP
Food Training Co¥Jncil (Trading namel
ftc (Trading namel
Trustees
Mr M P Grantley-smith Ichairmanl
MrAJ Brodie
Mr R J Bansback
Mr R J Field
Mr C J Aldersley (appointed 01103120241
Solicitors
Sherrard5
45 Grosvenor Road
St Albans
Herts
ALI 3AW
Chief Execut1￿ Officer
Auditor
Mrs C Wa15h
DSC Actountants Ltd
Chartered Accountants and Re81Stered Auditors
Tatters311 House
East Parade
Harrogate
HGI SLT
Secretary
MrWJJermey
Registrred Office
4100 Park Approach
Thorpe Park
Leeds
LS15 8GB
Page I

The Food and Drink Training and Education Council Limited
(registered number 02852984)
Report and financial statements for the year ended 31 August 2024
Group trustees, report
The trustees present their report together with the financial statements for the year ended 31 August 2024. This
report is also a Directors, Report as required by the Companies Att 2006.
Structure, Governance and Management
Governing document
The Food and Drink Training and Education Council Limited is a company limited by guarantee, incorporated on 8
September 1993, and a registered charity. It is governed by its Memorandum and Articles of Association. The
guarantee of each member is limited to £1.
Structure
The Food and Drink Training and Education Council has three wholly owned subsidiaries FDQ Limited and Institute
of Meat Limited. Details appear in note 17.
Chr15tine Walsh is the Group Chief Executive. Bill Jermey is the company seuetary as well as the chairman of IOM.
The day-ttrday management of FDQ Limited is conducted by the chief executive Terry Fennell who reports into FDQ
chair Dr Jane Downes. The day-to-day management of Institute of Meat is conducted by chief executive Keith Fisher
who reports into the chair Bill Jermey. Both Dr Jane Downes and Btll Jermey report into the Group Chief Executive
Christine Wa15h. The Chief Executive reports into the Trustees who approve the budget and are involved in key
decision making.
TrusteÈs
The trustees are also dirertors for company law. A full list of those who seThed during the year and subsequently 15
shown within the legal and administrative information.
Trustees are appointed by the members at the Annual General Meetin8 of the charity after nomination by a minimum
of three members as required by the charitys Memorandum and Articles of A550ciation. All trustees receive
appropriate training and induction on becomin8 trustees.
Related parties
The subsidiary companies, FDQ Limited and Institute of Meat are related parties because of this relationship. A150
related are the trustees and key management of the tompany and its subsidiaries, and any connerted persons as
defined in the tharity SORP 2015. Some tnjstees are also directors of other companies.
Risk policy
The counul have reviewed and implemented a formal risk management process to a55e55 business risk and
monagement strategies.
Objertive and activitie5
The principal artivity of the charity is to secure and promote the provision of training within the food industry. The
most important way it achieves this is through promotion and development of vocational training and
apprenticeships. Our subsidiary FDQ Limited is the largest Awarding Or8anisation in the food industry and is well
established as an end Point Assessment Organisation for many food industry apprenticeship5. This is an area for
growth. This year the charity has continued to use income and reserves to work with industry to ensure that the new
apprenticeships fully meet the needs of both employer and apprenty.ce as well as to fund further developments in
different sectors.
The Company also arranges a number of animal welfare and HACCP courses.
Institute of Meat IloMI is a professional body representing its members within the meat industry. lom We￿ profitable
through their continuing engagement with industry and apprentices. Their Accredited Master Butcher award 15
provin8 popular both in the UK and abroad ès a retognised independent assessment method of experiential learnin8.
Page 2

The Food and Drink Training and Education Council Limlted
(registered number 02852984)
Report and financial statements for the year ended 31 August 2024
Group trustees, report
In setting the charity's objertives ènd planning its activities. the trustees have given careful consideration to the
Charity Commission's general guidance on public benefit.
Achièvements and perforrnancelfinancial review and plans for future periods
We have continued to lead on govemment backed apprentice Trailblazer projects, assisting a large 8roup of employers
by providing the setretariat for the employer Trailblazer group and IFATE, in reviewing and updating apprentice
standards. These projects, along with our support of training development through FDQ Limited and support of
Institute of Meat, assist us in achieving our charitable objertives. FDQ Ltmited continue to deliver End Point
Assessments for many apprenticeships used by the food and drink manufacturer5.
The demand for apprenticeships and qualifications continued into 2024, however all organisations experienced
increased delivery costs. FDQ is the only awarding organisation that offers the qualifications mandated in the Food
and Drink apprenticeship in Wales. The charity continues to 5LlPPOrt e¥pandinE the delivery of qualifications
throughout the island of Ireland through FDQ who are recognised by CCEA as a regulated 3warding organisation.
Animal Welfare training ha5 once again seen significant ￿dUttI0n because many organisation5 have moved to in
house trainers or their customers asking them to Use Bristol University. The tharity has recognised the changing
landscape across the food manufacturing industry and the effects Brexit IS Still having on labour shortages. The charity
is funding the (levelopment of new assessments and qualifications for the current year which should 80 live In
2025126. The charity will a150 fund advertising and provide other promotional services on endorsed programmes
which have been requested by the food and drinks industry.
Publlc benÈflt
The charity provides benefit through engaging in activities that help the public at large to benefit ultimately from a
better provision of trained staff in the food industry.
Reserve poll
Charity Commission guidelines require us to justify the amount of money helé by the charity. The reseNe poliry is to
ensure the charity is viable, to protect the charity aeainst drops in income and to 3llow it to take advantage of new
opportunities in the next year or two due to foreseeable changes. The charivs policy is to maintain reseNes
equivalent to three months, operating costs.
This year the board of trustees is comfortable with the year-end rese￿e5 fi8ure. Durlng the year the trustee5 will
regularly monitor the reserves in the light of the changing funding and financial climate and other risk5.
Investment policy and perforrnAnce
In accordance with the trust deed. the trustees have the power to invest in such stock5, shares investment5 and
property in the UK as they see fit. There were no investments during the year.
Small company provlslons
This report ha5 been prepared in accordance with the special provisions for small companies under the Companies
Act 2006.
Statement as to dlsclosure of informatlon to auditors.
So far as the trustees are aware, there is no relevant audit information la5 defined by Section 418 of the Companies
Act 20061 of which the charivs auditors are unaware, and each trustee has tsken all the steps that he ought to have
taken a5 a trustee in order to make himself aware of any relevant audit information and to e5tabli5h that the charitV5
auditors are aware of that information.
By order of the Board
M P Grantley-smith
Chairman
27 February 2025
Page 3

The Food and Drink Training and Education Council Limited
{registered number 02852984)
Report and financial statements for the year ended 31 August 2024
Trustees, responsibilities statement
The trustees (who are also directors of The Food and Drink Training and Education Counol for the purposes of
ompany Saw) are responsible for preparing the Trustees, Report and the financial statements in accordance with
applicoble law and United Kingdom Accounting Standards (United Kingdom Generally Attepted Accounting
Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair
view of the State of affairs of the charitable company and the group and of the incoming resources and opplitation
of resources, including the income and expenditure, of the charitable group for that period. In preparing these
financial statements, the trustee5 are required to-
Select suitsble a¢¢oLtnting policies and then apply them ton5iStently;
observe the methods and principles in the Charities SORP..
make judgments and estimates that are reasonable and prudent-
state whether applicable UK Accounting Standards have been followed, subjert to any material departures
disclosed and explained in the finanoal statements,. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company will continue in business.
The trustees are responsible for keeping proper accountin8 records that disdose with reasonable accuracy Bt any
time the financial position of the charitable company and enable them to ensure that the financial statements
comply with the Companie5 Act 2006. They are also responsible for safeguarding the assets of the charitable
company and the group and hence for taking reasonable steps for the prevention and detertion of fraud and other
irregularities.
Page 4

Independent Auditorfs report to the members and trustee5 of The Food and Drink
Training and Education Council Limited
Oplnion
We have audited the financial statements of The Food and Drink Training and Education Council (the 'charity'l and its
Subsidiaries Ithe'group'l for the year ended 31 August 2024, which comprise the Consolidated Statement of Financial
Activities, Consolidated and Charity Balance Sheet. Statement of Cash Flows and Consolidated Statement of Cash
Flows, and Notes to the Financial Ststements, including a summary of significant accounting policies. The financial
reporting framework that has been applied in their preparatÈon is United Kingdom Accounting Standards, comprisin8
Charities SORP- FRS 102 The Financial Reporting Standard applicable in tFie UK and Republic of Ireland, and appllcable
law (United Kingdom Generally Accepted Accountin8 Prarticel.
In our opinion the financial statements..
give a true and fair view of the state of the group's and of the chariws affairs as at 31 August 2024 and
of the group's results for the year then ended;
have been properly prepared in accordance with United fingdom Generally Accepted Accountlng
Prartice- and
have been prepared in accordance with the requirements of the Companies Act 2CQ6.
Ba515 for oplnion
We conducted our audit in accordance with International Standards on Auditing (UK) IISAS IUKII and applicable law.
Our responsibillties under those standards are further described in the Auditorf5 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 finanaal statements in the UK, including the FRCS Ethical Standard.
and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the
audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relatlng to golng concem
In auditing the financial statements, we have concluded that the members 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 uncertaintie5 re5atlng to events or
conditions that, individually or collertively. may cast significant doubt on the charity's ability to continue as a going
concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our respon5ibillties and the responsibilities of the trustees with respect to going concern are described in the relevant
sections of this report.
Other Informatlon
The trustees are responsible for the other information. The other information comprises the information included In
the annval report. other than the financial statements and our auditorfs report thereon.
Our opinion on the finanoal statements does not cover the other information and, except to the extent otherwise
explicitly stated in our report, we do not eKpress any fom of assurance conclu5iori thereon.
In Connection wwth our audit of the financial statements, our responsibility is to read the other Information and, in
doin8 $0, consider whether the other information is materially inconsistent with the financial statements or our
knowledge obtained in the audit or otherwise appear5 to be materially misstated. If we identify such material
incons1Stencies or apparent material misstatements, we are required to determine whether there is a material
misstatement in the financial 5tstements or a material mi55tatement of the other information. If. based on the work
we have performed, we condude 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 matter5 prescrlbed by the Cornpanies Act 2006
In our opinion. based on the work undertaken in the course of the audit=
Page 5

Independent Auditorfs report to the members and trustees of The Food and Drink
Training and Education Council Limited
the information given in the Trustees, Report for the financial year for which the financial statements
are prepared is consistent with the financial statements- and
the Trustees, Report has been prepared in accordance with applicable legal requirements.
Matters on whlch we are required to report by exception
In the light of our knowledge and understanding of the group and its environment obtained in the course of the audit,
we have not identified material misststements in the Trustees. Report.
We have nothing to report in re5pett of the following matters where the Companies Act 2006 requires us to report
to you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been
received from branches not visited by us,. or
the 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; or
the trustees were not entitled to prepare the financial statements in accordance with the Small
companies, regirne
Responsibilltles of trustees
As explained more fully in the Statement of Trustees, Responsibilities (set out on page 41, the trustees are responsible
for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for suth
internal control as the trustees determine is necessary to enable the preparation of finantial statements that are free
from material mi55t3tement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for a55es5in8 the group'5 and the charity's ability
to continue a5 a going toncern, di5closin& 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 charity or to cease operations, or
have no realistic 3lternative but to do so.
Auditorfs responslbllities for the audlt of the financlal statements
Our objettives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement. whether due to fraud or error. and to Issue an auditorf5 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 misstatement when it e￿Sts. Misstatements can arise from fraud or error and
are considered material if, individually or in the aggregate, they could reasonably be expected to influence the
economic decisions of users taken on the basis of these financial ststements.
We identified areas of laws and regulations through discussion with the trustees and from the inspertion of
orrespondence with the Charity Commission and other regulatory and legal correspondence.
The extent to which our protedures are capable of detecting irregularities, including fraud is detailed below-
We gained an understanding of the legal and regulatory framework applicable to the company and the industry in
which it operates and considered the risk of acts by the company that were contrary to applieable laws and
regulations, including fraud. We focused on laws and regulations which could give rise to a material mi55tatement in
the financial statements, includin& but not limited to. the Companies Art 2006 and UK tax legislation. Our test5
included agreeing the financial statement disclosures to underlying supporting documentation, a review of
correspondence with the Charity Commission, the most recent Ofqual cornplian￿ reporL enquiries with management
and the inspertion of other regulatory and legal correspondence. We addressed the risk of management override of
internal controls, including testing journals and estimates and evaluating whether there was evidence of bias by the
directors that represented a risk of material mi55tatement due to fraud and the completeness of income recognition
by testing the income from a database of learners. We did not identify any key audit matters relating to irregularities,
including fraud.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those
leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases
Page 6

Independent Auditorfs report to the members and trustee5 of The Food and Drink
Training and Education Council Limited
the more that compliance with lèw or regulation is removed from events and transartions reflected in the flnancial
statements, as we will be less likely to become aware of instances of non-compli3nce. The risk is also greater regarding
irregularities occurring due to fraud rather than error, a5 fraud involves intentional concealment, forgery, collusion,
omission or misrepresentstion.
A further description of OLtr responsibilities for the audit of the financiol Statements is located on the Financial
Reporting Council's webslte at vnwi.frc.org.uklauditorsresponsibilities. This description forms part of our Report of
the Auditors.
Use of our report
This report 15 made solely to the charitable company's trustees. as a body. in accordance with Chapter 3 of Part 16
of the Cornpanies Act 2006. Our audit work has been undertèken so that we might State to the charity's trustees
those matters we are requSred to state to them in an auditorfs report and for no other purpose. To the fullest extent
permitted by law, we do not accept or a55ume responsibility to anyone other than the charitable company and its
trustees as a body, for our audit work. for thi5 repor¢ or for the opinions we have formed.
Graham French FCA (Senior Statutory Auditor)
For an on behalf of DSC Accountsnts Ltd
Statutory Auditors
Tattersall House
East Parade
Harrogate
HGI 5LT
Date: 27 February 2025
Page 7

The Food and Drink Training and Education Council Limited
(registered number 02852984)
Consolidated Statement of Financial Activities
For the year ended 31 August 2024
(Including Consolidated Income and Expenditure Account)
Summary Income and Expenditure Account
Unrestrirted
fvnd
2024
2023
Incomin8 resources
Incoming resources from generated fvnds
Activities for generating funds
Incorne generated by subsidiaries
Investment Income
Other investment income
Incoming resources from charitsble activities
Project and other income
1,390,237
1.390,237
1,541,248
892
892
1.620
14,925
14,925
15,785
Total incomlng resources
1,406,054
1,406,054
1,558,653
Resources expended
Costs of generating funds
Costs incurred by subsidiaries
Costs of charitable attivities
Direct costs
Support Costs
Governance costs
1,379,160
1.379,160
1.502,757
4,847
59,329
4,265
4,847
59,329
4,265
11,556
70,853
4,200
Total resourcès expended
1,447,601
1.447,601
1,589.366
Net {outgoingl l incorning resources
Total funds brought forward at I September
141,5471
362.678
141,5471
362.678
130,7131
393.391
Total funds carrled forward
16
321,131
321,131
362,678
The Statement of Financial Attivities incorporates the income and expenditure account. The results for the year
derive from continuing activities and there are no gain5 or losses other than those shown above.
The notes form part of these financial statement5
Page 8

The Food and Drink Training and Education Council Limited
(registered number 02852984)
Consolidated and Charity Balance Sheet
As at 31 August 2024
Group
Charity
2024
2023
2024
2023
Note
Flxed assets
Intangib5e assets
34,223
37.532
Tangible assets
Investments
io
li
9.043
18,616
332
522
Current assets
Debtors
Prepayments and accrued income
Cash at bank and in hand
12
168,830
42.184
285,485
175,919
18,766
365,983
120,738
12,935
140,369
103,445
4,262
195,700
Total current assets
496.499
560,668
274,042
303,407
Credltors: arnounts falling due wlthin one
year
13
169,2391 1130.1981
17,2301
15,1501
298,257
Net current assets
427.260
430,470
266,812
Total assets less current liabilltie5
470.S26
486.618
267,144
298,780
Credltors.. amounts falling due after more
than one year
14
112.fAOI
123,6031
Accruals and deferred incorne
{136,7551 1100,3371
14,335
16,2221
Net assets
321,131
362,678
262,809
292,558
Funds
Unrestritted
Unrestrirted deficit retained within non
charitable subsidiaries
321,131
362,678
262.809
292,558
Total funds
16
321.131
362.678
262,809
292,558
The note5 fomi part of these financial statements
Page 9

The Food and Drink Training and Education Council Limited
(registered number 02852984)
Consolidated and Charity Balance Sheet (Continued)
As at 31 August 2024
The members have required the company to obtain an audit of its financial statements for the year ended 31 August
2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for:
lal ensuring that the charitable company keeps acco¥Jntin8 records which comply with Sections 386 and 387 of
the Companies Act 2CQ6 and
Ibl preparingfinancial statements which give a true and fairview of the state of affairs of the charitable company
as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies
Act 21X)6 relating to financial statements, so far as applicable to the tharitable compony.
These financial statements have been prepa￿d in accordance with the special provisions of Part 15 of the Companies
Art 2006 relating to small charitable companies.
The financial statements of The Food and Drink Training and Education Council ￿Mited were approved by the Board
of Trustees on 27 February 2025 and were signed on its behalf by:
M P Grantley-smith (Chairman of the Trustees)
The notes fom part of these finanaal statements
Page 10

The Food and Drink Training and Education Council Limited
(registered number 02852984)
Statement of Cash Flows and Consolidated Statement of Cash Flows
For the year ended 31 August 2024
Group
Charity
2024
2023
2024
2023
Note
Cash generated fromllused inl operating
artlwties
Tax Paid
21
162,6141
13,1851
41,181
13,5491
155,3311
31,720
Net cash from operating a￿VItIeS
165.7991
37,632
155,3331
31,720
sh flows from Investir% artNltles
Interest income
Purchase of intangible assets
Purchase of tangible fixed assets
892
13,3271
112.264)
1,620
114,5131
11,0211
1,071
Cash provlded by (used In) investlng artivitles
114,6991
113,9141
155,331}
1,071
Increaselldecreasel in cash and cash
equivalents in the year
180.4981
23,718
155,3311
32,791
Cash and cash equivalents at the beginnin8 of
the year
Total cash and cash equlvalents at the end of
the year
365,983
342,265
195.700
162,909
22
285,485
365,983
140,369
195,700
The notes form part of these financial statements
Page 11

The Food and Drink Training and Education Council Limited
(registered number 02852984}
Notes to the financial statements {Continued)
For the year ended 31 August 2024
ststLrtory Information
The Food and Drink Training and Educat￿￿ Council timited 15 a private company. limited by guarantee. registered in
England and Wales. The company's registered number and registered Offi￿ address can be found on the Company
Information page. The charity is a public benefit entity. In the event of the charity being wound up, the liability in
spett of the guarantee is limited to £1 per member of the chartty.
The presentation currency of the financial statements is the Pound Steding 1£).
Accourtin8 pollcles
Basis of Preparatlon
The financial statements have been prepared in accordan￿ with Accounting and Reporting by Charitie5.' Statement
of Recommended Practice applicableto charities preparingtheiraccounts in accordan￿ with the Financial Reporting
Standard applicable in the UK and Republic of I￿land IFRS 1021 leffective l January 20151 (Charities SORP IFRS
10211, the Financial Reportin8 Standard Bpplicable in the UK and Republic of Ireland IFRS 1021, the Companies Act
2006 and the Charities Act 2011.
The Food and Drink Training and Education Council ￿Mited meets the definition of a public benefit entity under FRS
102. Assets and liabilities are initially ￿cOgnised at historical cost or tran￿rtIOn value unless otherwise stated
in the relevant accounting policy notelsl. The financial statements have been prepared under the historical cost
convention.
Bas1$ of Consolidation
These financial statements consolidate the resutts of the charity and its wholly owned subsidiaries. FDQ Limited,
Institute of Meat and The Meat Training Council Limited on a line by line basis. A separète Statement of Financial
Attivities. or income and expenditure account, for the charity itself is not presented because the charity has taken
8dvantage of the exemptions afforded by Section 408 of the Companie5 Act 2006.
The Meat Training Council Limited has not traded during this financial year.
Going con￿rn
The trustee5 believe that the company will be able to maintain positive cash flows for the foreseeable future. and
there is no reliance on external financing. As a consequen￿, the tnjstees believe the charity is well placed to manage
its bLtsiness risk5 successfully despite the turrent urKertain ecor￿MiC OLttlwk.
After making enquiries, the trustees have a reasonable expectation that the company has adequate resources to
continue in operational existence for the fofeseeable futL*re and that there are no material uncertainties about the
charitvs abiltty to continue. Accordingly, they continue to adopt the going concern basis in preparing the financial
statements.
Fund accourrtirva
General funds a￿ unrestricted funds which are avoilable for use at the discretion of the trustees in furtherance of
the general objectives of the chartty and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trvstees for a particular purpose. The
aim and use of each des*gnated fund is set out in the notes to the financial statements.
Page 12

The Food and Drink Training and Education Council Limited
(registered number 02852984)
Notes to the financial statements (Continued)
For the year ended 31 August 2024
Accounting policies (continued)
Incoming resources
Income is the amount derived from the provision of goods and services, and stated aftertrade discounts, other sales
taxes and VAT.
All incoming resource5 are included in the Statement of Financial Artivitie5 ISOFAI when the charlty is legally entitletl
to the income and the amount can be qu8ntified with reasonable accuracy.
Gronts und donations receivoble
Income from donations and grants is included in incoming resources when these are ￿￿1Vable, except as follows:
When donor5 specify that donations and grants given to the charlty must be used In future accounting
periods, the income is deferred until those periods,. and
When donors imFKJse conditions which have to be fulfilled before the charity becomes entitled to use such
income, the income is deferred and not included in incoming resource5 untll the preiondition5 for use
have been met.
When donor5 specify that donations and grants, including capital grants. are for particular restricted purposes, which
do not amount to pre-conditions regarding entitlement, thi5 ir*come is included in incoming resour￿5 of restricted
funds when receivable.
Resources experKled
All eypenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs
related to the category. Where costs cannot be directly attributed to particular headir¢gs they have been allocated
on a basis consistent with use of re50urce5.
Charttable expenditure relates to expenditure direttly relating to the objetts of the charity.
Support COSts are those c05t5 incurred d1￿CtlY in supp)rt of e¥penditure on the objert5 of the charity and include
project management carried out on the premises.
Governance costs are those inclLbded in connection with the administration of the charty and compliance wfch
consttrtrtional and statutory requirements.
The council sets aslde reserves into a designated fund to be distributed as grants to other businesses within the meat
and pouttry industry. Grants are awarded on receipt of applications that suitably satisfy the councils grant making
criteria.
Tanglble fixed assets and depreciation
All tangible assets are capita14sed at cost.
Depreciation is provided on 311 tangible fixed assets at rate5 calculated to write off the cost overthelr expected useful
economic lives as follows:
FiXtu￿s, frttings and equipment
25% strafjght line
Assets below a value of £5￿ are not con5idere(J material to the charity an(J so are not capitalised in the charty
accounts. Assets above a value of £500 are capitalised in the subsidiary accounts. Impairnient review5 occur when
there is an indication that the assets may be impaired.
rixed asset Investments
Fixed asset investments are in the balance sheet at cost less any provision made for impairment in value. Such
investments are classified as current assets when regarded as available for sale.
Page 13

The Food and Drink Training and Education Council Limited
(registered number 02852984)
Notes to the financial statements (Continued)
For the year ended 31 August 2024
Accountlng pollcles Icontlnued)
Development costs
Intangible assets are initially measured at cost. After initial recognition. intangible assets ore measured at cost les5
any accumulated amortlsation and any accumulated impairment1055es.
The development cost5 have been capitalised as they relate to the development of end point assessment for
apprenticeship Standards. The costs relate to developing assessment plans and a55e5sor training which the benefjt
will be seen over 5 years.
Creditors and pro¥islons
Creditors and provisions are recogni5ed where the charity has a present obligation res￿￿1n8 from a past event that
will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be
measured or estimated reliably. Credttors and provisions are normalty recognised at their settlement amount after
allowing for any trade discounts due.
Pen51on costs
The pension costs charged to the SOFA represent the amount of the contribution payable to certain employees,
personal pension schemes in respect of the accounting period.
The contributions are split between costs incurred by the subsidiaries and sUPPOrt costs in the charity- They form
part of the unrestrirted funds of the group.
Leased a55ets
Assets held under finance leases and hire purchase contracts are capttalised in the Balance Sheet and depreciated
over their experted useful live5. The interest element of leasifkg payment5 rep￿SentS a constant proportion of the
capital balance outstanding and is charged to the SOFA over the period of the lease.
All other leases are regarded as operating leases and the payments made under them are charged to the SOFA on
Straight Ilne basis over the lease terms.
Related partles
As the company prepares publicly available consolidated financial statements, the company has taken advantage of
the exemption contained in FRS 102 and ha5 therefore not dix105ed transaLtions or balance5 Wlth rcs wholly owned
subsidiaries.
Page 14

The Food and Drink Training and Education Council Limtted
(registered number 02852984)
Notes to the financial statements (Continued)
For the year ended 31 August 2024
Flnancial performance of the charity
The consolidated statement of financial artivities includes the results of the ¢hariV5 wholly owned
subsidiaries. The summary finantial performance of the charity is detailed below.
2024
20Z3
Income
Donation from subsidiary companies
Investment income
14,925
52,155
15,785
81,921
1,071
67,080
98,777
Expenditure on charitable activitie5
Grant paid to subsidiary company
Support Costs
Governance costs
14,8471
115.0001
172,7171
14,2651
111,5561
132,7001
180,7411
14,2001
196,8291 1129,1971
Net lout8olng}lincoming resources
129,7491
130,4201
Fund balances brought forward
292,558
322,978
Fund balances carried foNiard
262,809
292,558
Represented by:
Unrestricted income funds
262.809
292,558
Project and other income
2024
2023
Projert and other income:
NVQ'S, courses and examination fees
14,925
15,785
No grants re¢eived in the year12023: nill.
Investment Income
2024
2023
Bank interest received
892
1,620
Page 15

The Food and Drink Training and Education Council Limited
(registered number 02852984)
Notes to the financial statements (Continued)
For the year ended 31 August 2024
Total resources expended
Charitable artivities
Costs of
Support generatin8 Governance
Costs
funds
costs
2024
2024
2024
Direct
costs
2024
Total
2024
Total
2023
Project expenditure
Staff costs and expenses
Training and development
Premises and office costs
Travelling and motor expenses
Audit fees
Accountancy and professional
fees
Depreciation and amortisation
Bank charges and interest
Insurance
Advertising and exhibitions
Product development
Conference costs
Computer expenses
Subscriptions
Other costs
Corporation Tax
4,847
343.627
773,460
8,107
79,848
45,828
8,265
348.474
806,587
8,107
81,238
49,852
12,530
461,065
794,336
5,311
76,689
57,058
12,150
33,127
1.390
4.024
4.265
6,657
190
1,183
1.330
8.770
8.632
28,283
741
15,289
28,473
1,924
1,330
15,368
24.661
9,529
31,923
6,976
3,388
1,952
22,253
42,213
4,185
3,209
33,642
17,329
11,298
35,492
4,987
4,965
3,184
6,598
24.661
9,529
30.964
6.090
2.575
1.952
959
886
813
4,847
59,329
1,379.160
4,265
1,477,601
1,589,366
Net incoming resources lor the year
15 stated after (har6ing:
2024
2023
Fees payable to the charivs auditorforthe audit of the accounts
Fees payable to the charivs auditor for tax advisory services
Fee5 payable to the charity5 auditor for other financial servits5
Depreciation of tangible assets
Amortisation of intsngible assets
Rents
12,530
1,385
11,191
12,899
15,574
53,751
12,150
1,325
7,776
15,019
27,194
49,562
Pa8e 16

The Food and Drink Training and Education Council Limited
(registered number 02852984)
Notes to the financial statements (Continued)
For the year ended 31 August 2024
Staff costs
2024
2023
Gross wages and salaries
Other staff costs
Employerf5 national insurance
Pension costs
686,406
5,013
5S,283
59.884
659,988
4,679
69,497
60,172
806,586
794,336
The average monthly number of employees durinE the year was as follows..
2024
2023
No.
Administration
21
21
All trustees are non-executive and other than noted below, none of them received any remuneration in the
year12023'. £nill. Two trustees claimed £45612023: £1,144) in travelling expenses in the year.
The key management personnel of the parent charity comprise the trustees. the Chief Executive Officer and
Company Secretary. These a150 comprise the key management personnel of the group. The total employee
benefits ofthe key management personnel were £24,15012023-. £18.WOI.
The number of employee5 of the trading subsidiaries whose emoluments as defined for taxation purposes
amounted to over £60.000 in the year wa5 as follows-
2024
No.
2023
No.
£60,001- £70.000
£70,001- £80,000
£80.001- £90,000
Pension contributions in the year for staff earning more than £60.0￿ were E7,71112023.' £7.7211.
Page 17

The Food and Drink Training and Education Council Limited
(registered number 02852984)
Notes to the financial statements (Continued)
For the year ended 31 August 2024
Intangible assets
Group
Charity
development development
costs
Costs
Cost
At I September 2023
Additions
222,153
12,264
234.417
At 31 August 2024
Depreciation
At I September 2023
Charge for the year
184,621
IS,573
200,194
At 31 August 2024
Net book value
At 31 August 2024
34,223
37.532
At 31 August 2023
Page 18

The Food and Drink Training and Education Council Limited
(registered number 02852984)
Notes to the financial statements (Continued)
For the year ended 31 August 2024
io.
Tanglble assets
Group
Charlty
fixtures,
fixtures,
ffttings and ffttings and
equipment
equlpment
Cost
At I September 2023
Additions
Disposa15
75,140
3,327
14,6011
6,758
At 31 August 2024
73,866
6,758
Depreclatlon
At I September 2023
Charge for the year
Elimination on disposal
56,525
12,899
14.6011
6.236
190
At 31 August 2024
64,823
6.426
Net book value
At 31 August 2024
9,043
332
At 31 August 2023
18.615
522
ii.
Fixed asset Investments
Shares in
group under
takings
Cost
At I September2023
Disposa15
iii
At 31 August 2024
Net bookvalue
At 31 Augvst 2024
At 31 August 2023
The investment in The Meat Trainsng Council ￿rnited was disposed when the company was dissolved In
November 2023.
Page 19

## **The Food and Drink Training and Education Council Limited (registered number 02852984)** 

## **Notes to the financial statements (Continued) For the year ended 31 August 2024** 

|**12.**<br>**Debtors**<br>Trade debtors<br>Amounts owed by subsidiary undertakings<br>Other debtors<br>**13.**<br>**Creditors: Amounts falling due within one year**<br>Trade creditors<br>Taxation and social security costs<br>Bank loans<br>Other creditors<br>**14.**<br>**Creditors: Amounts falling due after one year**<br>Bank loans<br>**15.**<br>**Accruals and deferred income**<br>Accruals and deferred income|**Group**<br>**2024**<br>**£**<br>**2023**<br>**£**<br>165,515<br>172,604<br>-<br>-<br>3,315<br>3,315<br>168,830<br>175,919<br>**Group**<br>**2024**<br>**£**<br>**2023**<br>**£**<br>43,990<br>94,811<br>8,066<br>19,324<br>10,000<br>10,000<br>7,183<br>6,063<br>69,239<br>130,198<br>**Group**<br>**2024**<br>**£**<br>**2023**<br>**£**<br>12,640<br>23,603<br>**Group**<br>**2024**<br>**£**<br>**2023**<br>**£**<br>136,755<br>100,337|**Charity**<br>**2024**<br>**£**<br>**2023**<br>**£**<br>1,294<br>1,282<br>119,444<br>102,163<br>-<br>-<br>120,738<br>103,445<br>**Charity**<br>**2024**<br>**£**<br>**2023**<br>**£**<br>4,400<br>4,097<br>991<br>877<br>-<br>-<br>1,839<br>176<br>7,230<br>5,150<br>**Charity**<br>**2024**<br>**£**<br>**2023**<br>**£**<br>-<br>-<br>**Charity**<br>**2024**<br>**£**<br>**2023**<br>**£**<br>4,335<br>6,222|
|---|---|---|



Page 20 



## **The Food and Drink Training and Education Council Limited (registered number 02852984)** 

## **Notes to the financial statements (Continued) For the year ended 31 August 2024** 

## **15. Accruals and deferred income (continued)** 

Deferred income comprises membership subscriptions which run from April 2024 to March 2025 and income from end point assessments which had not been performed by the balance sheet date. 

|Balance as at 1 September 2023<br>Amount released to income from activities for generating funds<br>Amount deferred in year<br>Balance as at 31 August 2024|**Group**<br>**£**<br>72,873<br>(72,873)<br>118,035<br>118,035|**Charity**<br>**£**<br>-<br>-<br>-|
|---|---|---|
|||-|



## **16. Statement of funds - Group Analysis of movements in unrestricted funds** 

|**At 1**<br>**September**<br>**2023**<br>**£**<br>**Income**<br>**£**<br>**Expenditure**<br>**£**<br>Unrestricted<br>362,678<br>1,406,054<br>(1,447,601)<br>Total funds<br>362,678<br>1,406,054<br>(1,447,601)<br>**Analysis of movement in unrestricted funds – previous year**<br>**At 1**<br>**September**<br>**2022**<br>**£**<br>**Income**<br>**£**<br>**Expenditure**<br>**£**<br>Unrestricted<br>393,391<br>1,558,653<br>(1,589,366)<br>Total funds<br>393,391<br>1,558,653<br>(1,589,366)|**Transfers**<br>**£**<br>-<br>-<br>**Transfers**<br>**£**<br>-<br>-|**At 31**<br>**August**<br>**2024**<br>**£**<br>321,131|
|---|---|---|
|||321,131|
|||**At 31**<br>**August**<br>**2023**<br>**£**<br>362,678|
|||362,678|



Page 21 



The Food and Drink Training and Education Council Limited
(registered number 02852984)
Notes to the financial statements (Continued)
For the year ended 31 August 2024
17.
SUbs￿lary companies
The charity is the sole member of FDQ Limited (registered number 055083181 and Institute of Meat Ire81Stered
number 074004711. Al are companie5 registered in England and Wales and are limited by guarantee. The
registered office of all the companie5 is the same as the parent, and can be found on the Company Information
page.
All activities have been consolidated oft a line by line basis in the SOFA. The majority of any net profit is gifted
to the tharity. A summary of the results of the subsidiarie5 15 shown below.
Inrtltute of Meat
2024
2023
FDQ Limlted
2024
2023
Turnover and costs contribLrtion
Cost of sales
133.719
122,7431
132,648
1,284,907
1,439,189
120,4081 1320,8841 1429,1011
110,976
112.240
964,023
1,010,088
Administrative expenses
Interest receivable
Charitable donation
151,5541
148,6151 1971,0241 1989,0381
892
549
118,6511
{52,1551
163,2701
Net profit
7,267
355
16.1091
2,948
Tax
11,3831
13541
15681
12,8311
Net profit after tax
S.884
16,6771
117
Members, surpluslldeficitl
9,885
4,C()I
38,362
45,039
FDQ Limited provides training and education services within the food industry. Institute of Meat acts as a
professional body within the food industry.
18.
Taxation
The charitable artivities are exempt from taxation under Chapter 3 of Part 11 of the Corporation Tax Act 2010.
Ultimate controlling party
19.
The company 15 limited by guarantee.
The liability of each member is limited. A member is defined as a person or entity entered as such in the
statutory records of the company.
Every member ofthe company undertakesto contribute £1 to the a55ets ofthe company, in the event of being
wound up while he is a member, or within one year after he ceases to be 3 member.
As a result no individual member has overall control.
As at 31 August 2024, there were 12 members {2023: 121 of the company.
Page 22

The Food and Drink Training and Education Council Limited
(registered number 02852984)
Notes to the financial statements (Continued)
For the year ended 31 August 2024
20.
Related party disclosures
There were no related party transactions for the year ended 31 August 2024.
21.
Reconciliation of net rnovements In funds to net cash flow from operating artivities
Group
Charlty
2024
2023
2024
2023
Surplus/lDeficitl before taxation
Depreciation charges
Interest income
139.5971
28,473
18921
{27.5291
42,213
11.6201
129,7491
130,4191
190
11,0711
112,0161
13.064
129,5591
131,3001
Decrease/lincreasel in trade and other
debtors
IDecreasel/increase in trade and other
reditors
{16.3291
54,052
125,9661
61,335
134,2691
125,9351
194
1,685
Cash generated from operations
162,6141
41,181
155,3311
31,720
22.
Cash and cash equwalents
Group
3110812024
0110912023
Charlty
3110812024
0110912023
Year ended 31 August 2024
Cash and cash equivalents
285.485
365.983
140.369
195,71XI
Group
3110812023
OV0912022
Charlty
3110812023
0110912022
Year ended 31 August 2023
Cash and cash equivalents
365.983
342,265
195,700
162,909
Page 23