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← The Food And Drink Training And Education Council Limited

2025-08-31-accounts

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 2025

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

Report and financial statements for the year ended 31 August 2025

Contents Page
Officers and professional advisers 1
Group trustees’ report 2-3
Trustees’ responsibilities statement 4
Independent auditor's report 5-7
Consolidated statement of financial activities 8
Balance sheets 9-10
Statement of cash flows and consolidated statement of cash flows 11
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 2025

Officers and professional advisers

Names

The Food and Drink Training and Education Council Limited

Food Training Council (Trading name) ftc (Trading name)

Bankers

Lloyds TSB Thavies Inn House 6 Holborn Circus London EC1N 2HP

Trustees

Mr M P Grantley-Smith (Chairman) Mr A J Brodie

Mr C J Aldersley Mr R Addy (appointed 27/02/2025) Mr A P Dawes (appointed 27/02/2025) Mr R J Bansback (resigned 27/02/2025) Mr R J Field (resigned 11/05/2025) Chief Executive Officer

Mrs C Walsh

Secretary

Mr C Walsh (appointed 27/02/2025) Mr W J Jermey (resigned 28/02/2025)

Solicitors

Sherrards 45 Grosvenor Road St Albans Herts AL1 3AW

Auditor

DSC Accountants Ltd Chartered Accountants and Registered Auditors Tattersall House East Parade Harrogate HG1 5LT

Registered Office

4100 Park Approach Thorpe Park Leeds LS15 8GB

Page 1

The Food and Drink Training and Education Council Limited

(registered number 02852984)

Report and financial statements for the year ended 31 August 2025

Group trustees’ report

The trustees present their report together with the financial statements for the year ended 31 August 2025. This report is also a Directors' Report as required by the Companies Act 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 two wholly owned subsidiaries - FDQ Limited and Institute of Meat Limited. Details appear in note 17.

Christine Walsh is the Group Chief Executive and the company secretary.

The day-to-day 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 Dave Smith who reports into the chair Bill Jermey. Both Dr Jane Downes and Bill Jermey report into the Group Chief Executive Christine Walsh. The Chief Executive reports into the Trustees who approve the budget and are involved in key decision making.

Trustees

The trustees are also directors for company law. A full list of those who served during the year and subsequently is shown within the legal and administrative information.

Trustees are appointed by the members at the Annual General Meeting of the charity after nomination by a minimum of three members as required by the charity’s Memorandum and Articles of Association. All trustees receive appropriate training and induction on becoming trustees.

Related parties

The subsidiary companies, FDQ Limited and Institute of Meat are related parties because of this relationship. Also related are the trustees and key management of the company and its subsidiaries, and any connected persons as defined in the charity SORP 2015. Some trustees are also directors of other companies.

Risk policy

The council have reviewed and implemented a formal risk management process to assess business risk and management strategies.

Objective and activities

The principal activity 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 national vocational training and apprenticeships. Our subsidiary FDQ Limited is the largest Awarding Organisation in the food industry and is well established as an end Point Assessment Organisation for many food industry apprenticeships. 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 apprentice 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 (IoM) is a professional body representing its members within the meat industry. IoM were profitable through their continuing engagement with industry and apprentices. Their Accredited Master Butcher award is proving popular both in the UK and abroad as a recognised independent assessment method of experiential learning.

Page 2

The Food and Drink Training and Education Council Limited

(registered number 02852984)

Report and financial statements for the year ended 31 August 2025

Group trustees’ report

In setting the charity's objectives and planning its activities, the trustees have given careful consideration to the Charity Commission's general guidance on public benefit.

Achievements and performance/financial review and plans for future periods

We have continued to lead on government backed apprentice Trailblazer projects, assisting a large group of employers by providing the secretariat 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 objectives. FDQ Limited continue to deliver End Point Assessments for many apprenticeships used by the food and drink manufacturers.

The demand for apprenticeships and qualifications continued into 2025, 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 support expanding the delivery of qualifications throughout the island of Ireland through FDQ who are recognised by CCEA as a regulated awarding organisation.

Public benefit

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 policy

Charity Commission guidelines require us to justify the amount of money held by the charity. The reserve policy is to ensure the charity is viable, to protect the charity against drops in income and to allow it to take advantage of new opportunities in the next year or two due to foreseeable changes. The charity’s policy is to maintain reserves equivalent to three months’ operating costs.

This year the board of trustees is comfortable with the year-end reserves figure. During the year the trustees will regularly monitor the reserves in the light of the changing funding and financial climate and other risks.

Investment policy and performance

In accordance with the trust deed, the trustees have the power to invest in such stocks, shares investments and property in the UK as they see fit. There were no investments during the year.

Small company provisions

This report has been prepared in accordance with the special provisions for small companies under the Companies Act 2006.

Statement as to disclosure of information to auditors.

So far as the trustees are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the charity’s auditors are unaware, and each trustee has taken all the steps that he ought to have taken as a trustee in order to make himself aware of any relevant audit information and to establish that the charity’s auditors are aware of that information.

By order of the Board

M P Grantley-Smith Chairman 26 February 2026

Page 3

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

Report and financial statements for the year ended 31 August 2025

Trustees’ responsibilities statement

The trustees (who are also directors of The Food and Drink Training and Education Council for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted 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 application of resources, including the income and expenditure, of the charitable group for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies 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 detection of fraud and other irregularities.

Page 4

Independent Auditor’s report to the members and trustees of The Food and Drink Training and Education Council Limited

Opinion

We have audited the financial statements of The Food and Drink Training and Education Council (the 'charity') and its subsidiaries (the ‘group’) 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 Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and applicable law (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

  1. give a true and fair view of the state of the group’s and of the charity's affairs as at 31 August 2024 and of the group’s results for the year then ended;

  2. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

  3. have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s 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 UK, including the FRC’s 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 relating to going concern

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 uncertainties relating to events or conditions that, individually or collectively, 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 responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Page 5

Independent Auditor’s report to the members and trustees of The Food and Drink Training and Education Council Limited

Matters on which 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 misstatements in the Trustees' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

  1. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

  2. the financial statements are not in agreement with the accounting records and returns; or

  3. certain disclosures of trustees remuneration specified by law are not made; or

  4. we have not received all the information and explanations we require for our audit; or

  5. the trustees were not entitled to prepare the financial statements in accordance with the small companies' regime

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities [set out on page 4], 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 such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group’s and the charity's ability to 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 charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives 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 auditor’s 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 (UK) will always detect a material misstatement 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 to influence the economic decisions of users taken on the basis of these financial statements.

We identified areas of laws and regulations through discussion with the trustees and from the inspection of correspondence with the Charity Commission and other regulatory and legal correspondence.

The extent to which our procedures 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 applicable laws and regulations, including fraud. We focused on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation, a review of correspondence with the Charity Commission, the most recent Ofqual compliance report, enquiries with management and the inspection 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 misstatement 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 Auditor’s report to the members and trustees of The Food and Drink Training and Education Council Limited

the more that compliance with law or regulation is removed from events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, 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 at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Graham French FCA (Senior Statutory Auditor) For an on behalf of DSC Accountants Ltd Statutory Auditors Tattersall House East Parade Harrogate HG1 5LT

26 February 2026

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 2025 (Including Consolidated Income and Expenditure Account) Summary Income and Expenditure Account

Note
Incoming resources
Incoming resources from generated funds
Activities for generating funds
Income generated by subsidiaries
Investment Income
Other investment income
5
Incoming resources from charitable activities
Project and other income
4
Total incoming resources

Resources expended

Costs of generating funds
Costs incurred by subsidiaries
6
Costs of charitable activities

Direct costs
6
Support costs
6
Governance costs
6
Total resources expended
Net (outgoing) / incoming resources
Total funds brought forward at 1 September
Total funds carried forward
16		 Unrestricted
fund
£
1,449,346
1,429
4,486
1,455,261
1,409,059
2,151
59,850
4,590
1,475,650
(20,389)
321,131
300,742		 2025
£
1,449,346
1,429
4,486
1,455,261
1,409,059
2,151
59,850
4,590
1,475,650
(20,389)
321,131
300,742		 2024
£
1,390,237
892
14,925
1,406,054
1,379,160
4,847
59,329
4,265
1,447,601
(41,547)
362,678
321,131

The Statement of Financial Activities incorporates the income and expenditure account. The results for the year derive from continuing activities and there are no gains or losses other than those shown above.

The notes form part of these financial statements

Page 8

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

Consolidated and Charity Balance Sheet (Continued) As at 31 August 2025

Note
Fixed assets
Intangible assets
9
Tangible assets
10
Investments
11
Current assets
Debtors
12
Prepayments and accrued income
Cash at bank and in hand
Total current assets
Creditors: amounts falling due within one
year
13
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more
than one year
14
Accruals and deferred income
15
Net assets
Funds
Unrestricted
Unrestricted deficit retained within non
charitable subsidiaries
Total funds
16		 Group
2025
£
2024
£
34,919
34,223
6,534
9,043
-
-
149,356
168,830
36,849
42,184
246,546
285,485
432,751
496,499
(71,350)
(69,239)
361,401
427,260
402,854
470,526
(1,666)
(12,640)
(100,446)
(136,755)
300,742
321,131
300,742
321,131
-
-
300,742
321,131		 Charity
2025
£
2024
£
-
-
143
332
-
-
122,817
120,738
5,963
12,935
138,029
140,369
266,809
274,042
(7,321)
(7,230)
259,488
266,812
259,631
267,144
-
-
(5,748)
(4,335)
253,883
262,809
253,883
262,809
-
-
253,883
262,809

The notes form 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 2025

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:

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies.

The financial statements of The Food and Drink Training and Education Council Limited were approved by the Board of Trustees on 26 February 2026 and were signed on its behalf by:

M P Grantley-Smith (Chairman of the Trustees)

The notes form part of these financial 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 2025

Note
Cash generated from/(used in) operating
activities
21
Tax Paid
Net cash from operating activities
Cash flows from investing activities
Interest income
Purchase of intangible assets
Purchase of tangible fixed assets
Cash provided by (used in) investing activities
Increase/(decrease) in cash and cash
equivalents in the year
Cash and cash equivalents at the beginning of
the year
Total cash and cash equivalents at the end of
the year
22		 Group
2025
£
2024
£
(18,278)
(62,614)
(1,952)
(3,185)
(20,230)
(65,799)
1,429
892
(15,800)
(12,264)
(4,338)
(3,327)
(18,709)
(14,699)
(38,939)
(80,498)
285,485
365,983
246,546
285,485		 Charity
2025
£
2024
£
(2,340)
(55,331)
-
-
(2,340)
(55,333)
-
-
-
-
-
-
(2,340)
(55,331)
(2,340)
(55,331)
140,369
195,700
138,029
140,369

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 2025

1. Statutory Information

The Food and Drink Training and Education Council Limited is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office 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 respect of the guarantee is limited to £1 per member of the charity.

The presentation currency of the financial statements is the Pound Sterling (£).

2. Accounting policies

Basis of Preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Companies Act 2006 and the Charities Act 2011.

The Food and Drink Training and Education Council Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). The financial statements have been prepared under the historical cost convention.

Basis of Consolidation

These financial statements consolidate the results 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 separate Statement of Financial Activities, or income and expenditure account, for the charity itself is not presented because the charity has taken advantage of the exemptions afforded by Section 408 of the Companies Act 2006.

The Meat Training Council Limited did not trade in prior year and was dissolved in November 2023.

Going concern

The trustees 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 consequence, the trustees believe the charity is well placed to manage its business risks successfully despite the current uncertain economic outlook.

After making enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties about the charity’s ability to continue. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Fund accounting

General funds are unrestricted funds which 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.

Designated funds comprise unrestricted funds that have been set aside by the trustees for a particular purpose. The aim and use of each designated 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 2025

2. Accounting policies (continued)

Incoming resources

Income is the amount derived from the provision of goods and services, and stated after trade discounts, other sales taxes and VAT.

All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Grants and donations receivable

Income from donations and grants is included in incoming resources when these are receivable, except as follows:

When donors specify that donations and grants, including capital grants, are for particular restricted purposes, which do not amount to pre-conditions regarding entitlement, this income is included in incoming resources of restricted funds when receivable.

Resources expended

All expenditure 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 headings they have been allocated on a basis consistent with use of resources.

Charitable expenditure relates to expenditure directly relating to the objects of the charity.

Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out on the premises.

Governance costs are those included in connection with the administration of the charity and compliance with constitutional and statutory requirements.

The council sets aside reserves into a designated fund to be distributed as grants to other businesses within the meat and poultry industry. Grants are awarded on receipt of applications that suitably satisfy the councils grant making criteria.

Tangible fixed assets and depreciation

All tangible assets are capitalised at cost.

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost over their expected useful economic lives as follows:

Fixtures, fittings and equipment 25% straight line

Assets below a value of £500 are not considered material to the charity and so are not capitalised in the charity accounts. Assets above a value of £500 are capitalised in the subsidiary accounts. Impairment reviews occur when there is an indication that the assets may be impaired.

Fixed 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 2025

2. Accounting policies (continued)

Development costs

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

The development costs have been capitalised as they relate to the development of end point assessment for apprenticeship standards. The costs relate to developing assessment plans and assessor training which the benefit will be seen over 5 years.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting 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. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Pension 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 unrestricted funds of the group.

Leased assets

Assets held under finance leases and hire purchase contracts are capitalised in the Balance Sheet and depreciated over their expected useful lives. The interest element of leasing payments represents 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 a straight line basis over the lease terms.

Related parties

As the company prepares publicly available consolidated financial statements, the company has taken advantage of the exemption contained in FRS 102 and has therefore not disclosed transactions or balances with its wholly owned subsidiaries.

Page 14

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

Notes to the financial statements (Continued) For the year ended 31 August 2025

3. Financial performance of the charity

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.

Income
Donation from subsidiary companies
Investment income
Expenditure on charitable activities
Grant paid to subsidiary company
Support costs
Governance costs
Net (outgoing)/incoming resources
Fund balances brought forward
Fund balances carried forward
Represented by:
Unrestricted income funds
4.
Project and other income
Project and other income:
NVQ's, courses and examination fees
No grants received in the year (2024: nil).
5.
Investment income
Bank interest received		 2025
£
4,486
88,130
-
92,616
(2,151)
(27,000)
(67,802)
(4,590)
(101,543)
(8,926)
262,809
253,883
253,883
2025
£
4,486
2025
£
1,429		 2024
£
14,925
52,155
-
67,080
(4,847)
(15,000)
(72,717)
(4,265)
(96,829)
(29,749)
292,558
262,809
262,809
2024
£
14,925
2024
£
892

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 2025

6. Total resources expended

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
Loss on disposals
Other costs
Corporation Tax		 Charitable activities
Direct
costs
2025
£
Support
costs
2025
£
Costs of
generating
funds
2025
£
2,151
-
351,564
28,065
772,815
-
977
718
83,763
6,570
44,904
-
8,910
7,271
14,186
190
20,679
860
236
1,366
1,366
13,533
17,744
-
32,433
-
16,611
302
32,420
609
7,848
-
1,081
366
866
656
2,151
59,850
1,409,059		 Governance
costs
2025
£
-
-
-
-
-
4,590
-
-
-
-
-
-
-
-
-
-
-
-
4,590		 Total
2025
£
353,715
800,880
977
84,481
51,474
13,500
21,457
20,869
1,096
2,732
31,277
32,433
16,611
32,722
8,457
1,081
1,232
656
1,475,650		 Total
2024
£
348,474
806,587
8,107
81,238
49,852
12,530
15,289
28,473
1,924
1,330
15,368
24,661
9,529
31,923
6,976
-
3,388
1,952
1,477,601

7. Net incoming resources for the year

Is stated after charging: 2025 2024
£ £
Fees payable to the charity’s auditor for the audit of the accounts 13,500 12,530
Fees payable to the charity’s auditor for tax advisory services 2,160 1,385
Fees payable to the charity’s auditor for other financial services 19,297 11,191
Depreciation of tangible assets 6,714 12,899
Amortisation of intangible assets 14,155 15,574
Rents 51,660 53,751

Page 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 2025

8.
Staff costs
Gross wages and salaries
Other staff costs
Employer’s national insurance
Pension costs
The average monthly number of employees during the year was as follows:
Administration		 2025
£
675,740
5,487
61,345
58,309
800,881
2025
No.
19		 2024
£
686,406
5,013
55,283
59,884
806,586
2024
No.
21

All trustees are non-executive and other than noted below, none of them received any remuneration in the year (2024: £nil). One trustee claimed £89 (2024 : £456) 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 also comprise the key management personnel of the group. The total employee benefits of the key management personnel were £22,725 (2024: £24,150).

The number of employees of the trading subsidiaries whose emoluments as defined for taxation purposes amounted to over £60,000 in the year was as follows:

2025 2024
No. No.
£60,001 - £70,000 1 1
£70,001 - £80,000 0 0
£80,001 - £90,000 1 1

Pension contributions in the year for staff earning more than £60,000 were £8,097 (2024: £7,711).

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 2025

9. Intangible assets

tangible assets
Group Charity
development development
costs costs
£ £
Cost
At 1 September 2024 234,417 -
Additions 15,800 -
Disposals (5,525) -
At 31 August 2025 244,692 -
Amortisation
At 1 September 2024 200,194 -
Charge for the year 14,155 -
Eliminated on disposal (4,576)
At 31 August 2025 209,773 -
Net book value
At 31 August 2025 34,919 -
At 31 August 2024 34,223 -

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 2025

10. Tangible assets

10.
Tangible assets
Cost
At 1 September 2024
Additions
Disposals
At 31 August 2025
Depreciation
At 1 September 2024
Charge for the year
Elimination on disposal
At 31 August 2025
Net book value
At 31 August 2025
At 31 August 2024
11.
Fixed asset investments
Cost
At 1 September 2024
Disposals
At 31 August 2025
Net book value
At 31 August 2025
At 31 August 2024		 Group
fixtures,
fittings and
equipment
£
73,866
4,337
(3,803)
74,400
64,823
6,714
(3,671)
67,866
6,534
9,043		 Charity
fixtures,
fittings and
equipment
£
6,758
-
-
6,758
6,426
190
-
6,615
143
332
Shares in
group under
takings
£
-
-
-
-
-

The investment in The Meat Training Council Limited 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 2025

12.
Debtors
Trade debtors
Amounts owed by subsidiary undertakings
Other debtors
13.
Creditors: Amounts falling due within one year
Trade creditors
Taxation and social security costs
Bank loans
Other creditors
14.
Creditors: Amounts falling due after one year
Bank loans
15.
Accruals and deferred income
Accruals and deferred income		 Group
2025
£
2024
£
145,856
165,515
-
-
3,500
3,315
149,356
168,830
Group
2025
£
2024
£
36,626
43,990
18,076
8,066
10,000
10,000
6,648
7,183
71,350
69,239
Group
2025
£
2024
£
1,666
12,640
Group
2025
£
2024
£
100,446
136,755		 Charity
2025
£
2024
£
-
1,294
122,817
119,444
-
-
122,817
120,738
Charity
2025
£
2024
£
5,078
4,400
763
991
-
-
1,480
1,839
7,321
7,230
Charity
2025
£
2024
£
-
-
Charity
2025
£
2024
£
5,748
4,335

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 2025

15. Accruals and deferred income (continued)

Deferred income comprises membership subscriptions which run from April 2025 to March 2026 and income from end point assessments which had not been performed by the balance sheet date.

Balance as at 1 September 2024
Amount released to income from activities for generating funds
Amount deferred in year
Balance as at 31 August 2025		 Group
£
118,035
(118,035)
82,569
82,569		 Charity
£
-
-
-
-

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

At 1
September
2024
£
Income
£
Expenditure
£
Unrestricted
321,131
1,455,261
(1,475,650)
Total funds
321,131
1,455,261
(1,475,650)
Analysis of movement in unrestricted funds – previous year
At 1
September
2023
£
Income
£
Expenditure
£
Unrestricted
362,678
1,406,054
(1,447,601)
Total funds
362,678
1,406,054
(1,447,601)		 Transfers
£
-
-
Transfers
£
-
-		 At 31
August
2025
£
300,742
300,742
At 31
August
2024
£
321,131
321,131

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 2025

17. Subsidiary companies

The charity is the sole member of FDQ Limited (registered number 05508318) and Institute of Meat (registered number 07400471). All are companies registered in England and Wales and are limited by guarantee. The registered office of all the companies is the same as the parent, and can be found on the Company Information page.

All activities have been consolidated on a line by line basis in the SOFA. The majority of any net profit is gifted to the charity. A summary of the results of the subsidiaries is shown below.

Turnover and costs contribution
Cost of sales
Administrative expenses
Interest receivable
Charitable donation
Net profit
Tax
Net profit after tax
Members’ surplus/(deficit)		 Institute of Meat
2025
£
2024
£
118,684
133,719
(20,140)
(22,743)
98,544
110,976
(56,089)
(51,554)
-
-
(48,380)
(52,155)
(5,925)
7,267
-
(1,383)
(5,925)
5,884
3,960
9,885		 FDQ Limited
2025
£
2024
£
1,365,615
1,284,907
(331,424)
(320,884)
1,034,191
964,023
(995,871)
(971,024)
1,429
892
(39,750)
-
(1)
(6,109)
(656)
(568)
(657)
(6,677)
37,705
38,362

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 activities are exempt from taxation under Chapter 3 of Part 11 of the Corporation Tax Act 2010.

19. Ultimate controlling party

The company is 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 of the company undertakes to contribute £1 to the assets of the company, in the event of being wound up while he is a member, or within one year after he ceases to be a member.

As a result, no individual member has overall control.

As at 31 August 2025, there were 12 members (2024: 12) 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 2025

20. Related party disclosures

There were no related party transactions for the year ended 31 August 2025.

21. Reconciliation of net movements in funds to net cash flow from operating activities

Surplus/(Deficit) before taxation
Depreciation charges
Loss on disposal charge
Interest income
Decrease/(increase) in trade and other
debtors
(Decrease)/increase in trade and other
creditors
Cash generated from operations		 Group
2025
2024
£
£
(19,732)
(39,597)
20,869
28,473
1,081
-
(1,429)
(892)
-
789
(12,016)
24,809
(16,329)
(43,876)
(34,269)
(18,278)
(62,614)		 Charity
2025
2024
£
£
(8,927)
(29,749)
190
190
-
-
-
-
(8,737)
(29,559)
4,893
(25,966)
1,504
194
(2,340)
(55,331)		 Charity
2025
2024
£
£
(8,927)
(29,749)
190
190
-
-
-
-
(8,737)
(29,559)
4,893
(25,966)
1,504
194
(2,340)
(55,331)
(29,559)
(25,966)
194
(55,331)

22. Cash and cash equivalents

.
Cash and cash equivalents
Group Charity
Year ended 31 August 2025 31/08/2025 01/09/2024 31/08/2025 01/09/2024
£ £ £ £
Cash and cash equivalents 246,546 285,485 138,029 140,369
Group Charity
Year ended 31 August 2024 31/08/2024 01/09/2023 31/08/2024 01/09/2023
£ £ £ £
Cash and cash equivalents 285,485 365,983 140,369 195,700

Page 23