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2023-05-31-accounts

Page
Reference and administrative
details		 ofthe Company, its Trustees and advisers
Trustees' report (Incorporating
strategic and director's		 report) 2-8
Independent auditors'
report on the financial statements		 9-12
Consolidated statement offinancial activities 13
Consolidated income and expenditure account 14
Consolidated balance sheet 15-16
Company
balance sheet		 17-18
Consolidated statement
ofcash flows		 19
Company statement
ofcash flows		 20
Notes to the financial statements 21 -43
Trustees Dave Lewis, Trustee (appointed Dave Lewis, Trustee (appointed Dave Lewis, Trustee (appointed Dave Lewis, Trustee (appointed 6 November 2015) 6 November 2015) 6 November 2015) 6 November 2015)
Ayo Akinwolere, Trustee (appointed 13April 2021, resigned 5 December 2022)
Mike Walters, Trustee (appointed 25 May 2017, resigned 12September 2023)
Alison Beckman, Trustee &President (appointed 11 December 2018)
Joanne Bradshaw, Trustee (appointed
5 December 2019)
Anita Kumari Sharma, Trustee (appointed 14March 2023)
Dana-Kimberley Wells-Bryant, Trustee (appointed 12September 2023)
Company registered
number 01272519
Charity registered
numbers 1051631and SC041988
Registered office Anchor House
Birch Street
Walsall
West Midlands
WS2 8HZ
Principal operating Anchor House
office Birch Street
Walsall
West Midlands
WS2 8HZ
Chief executive officer Dave J Candler
Independent auditors Fraser Russell Limited
77 Francis Road
Edgbaston
Birmingham
B168SP
Solicitors Trowers 8 Hamlins LLP
10Colmore
Row
Birmingham
B32QD

The Group 's greenhouse
gas emissions
and energy consum		 ption for t he year are
Kwh tCO2e
i		 Kwh
I		 tCO2e
UK Greenhouse gas emissions and energy use data for the penod 1June 2022 to 31May
2023 2023 2023
'		 2022 2022
Electricity 55,417 12 57,392 11
Gas 99,086 18 129,395 24
Total 154$03 30 186,787 35
Average number of employees 31 31 31 31
Per employee 4,984 1 6,025 1
Energy consumption figures taken from energy bigs and converted to metric tonnas ofC02e using relevant
UK		 conversion
factors.

Unrestricted Total Total
funds funds funds
2023 2023 2022
Note 6
Income from:
Donations
and legacies		 67,567
Charitable
activities		 2,434,074 2,434,074 2,180,792
Other trading
activities		 204,192 204,192 197,181
Other income 4,341 4,341 245
Total income 2,642,607 2,642,607 2,445,785
Expenditure
on:
Raising funds 239,381 239,381 202,353
Charitable
activities		 2,192,207 2,192,207 1,892,201
Total expenditure 2,431,588 2,431,588 2,094,554
Net movement
in funds		 211,019 211,019 351,231
Reconciliation
offunds:
Total funds brought forward 1,527,911 1,527,911 1,176,680
Net movement
in funds		 211,019 211,019 351,231
Total funds carried forward 1,738,930 1,738,930 1,527,911

Total funds Totalfunds
2023
F		 2022f
Gross income in the reporting period 2,642,607 2,445,785
Less: Total expenditure (2,431,588) (2,094,554)
Net income for the reporting period 211,019 351,231

2023 2022
Note E
Fixed assets
Tangible assets 14 527,645 520,191
527,645 520,191
Current assets
Stocks 16 155,622 140,204
Debtors 17 211,819 163,494
Cash at bank and in hand 959,400 1,015,350
1,326,841 1,319,048
Creditors: amounts falling due within one
year 18 (115,556) (144,662)
Net current assets 1,211,285 1,174,386
Total assets less current liabilities 1,738,930 1,694,577
Creditors: amounts falling due after more
than one year 19 (166,666)
Net assets excluding pension asset 1,738,930 1,527,911
Total net assets 1,738,930 1,527,911
Charity funds
Unrestricted
funds		 21 1,738,930 1,527,911
Total funds 1,738,930 1,527,911

2023 2022
Note 8 8
Fixed assets
Tangible assets 14 527,645 519,191
Investments 15 106 106
527,751 519,297
Current assets
Stocks 16 155,623 140,204
Debtors 17 206,274 163,195
Cash at bank and in hand 959,400 1,015,350
1,321,297 1,318,749
Creditors: amounts falling due within one
year 18 (110,118l (143,469)
Net current assets 1,211,179 1,175,280
Total assets less current liabilities 1,738,930 1,694,577
Creditors: amounts falling due after more
than one year 19 (166,666)
Net assets excluding pension asset 1,738,930 1,527,911
Total net assets 1,738,930 1,527,911
Charity funds
Unrestricted
funds		 21 1,738,930 1,527,911
Total funds 1,738,930 1,527,911

2023
f		 2022f
Cash flows from operating activities
Net cash used
in operating		 activities 140,659 252,413
Cash flows from investing activities
Purchase oftangible
fixed assets		 (29,943) (35,764)
Net cash used in investing activities (29,943) (35,764)
Cash flows from financing activities
Repayments
ofborrowing		 (166,666) (41,667)
Net cash used in financing activities (166,666) (41,667)
Change
in cash and cash		 equivalents in the year (55,950) 174,982
Cash and cash equivalents at the beginning ofthe year 1,015,350 839,701
Bank Overdraft 667
Cash and cash equivalents at the end of the year 959,400 1,015,350
The notes on pages 21 to43 form part ofthese financial statements

2023
f		 2022
Cash flows from operating activities
Net cash used
in operating		 activities 140,658 254,289
Cash flows from investing activities
Purchase oftangible assets (29,943) (35,764)
Net cash used in investing activities (29,943) (35,764)
Cash flows from financing activities
Repayments
of borrowing		 (166,665) (41,667)
Net cash used in financing activities (166,665) (41,667)
Change
in cash and cash		 equivalents in the year (55,950) 176,858
Cash and cash equivalents at the beginning ofthe year 1,015,350 838,492
Cash and cash equivalents at the end of the year 959,400 1,015,350
The notes on pages 21 to 43 form part ofthese financial statements

Unrestricted Total
funds funds
2023 2023
E
There was no income from Donation was no income from Donation and Legacies in 2023
Unrestricted Total
funds funds
2022 2022
8
Grants 62,892 62,892
Similar incoming resources 4,675 4,675
67,567 67,567

Unrestricted Total
funds funds
2023
f		 2023
f
Income from charitable activities 2,434,074 2,434,074
Unrestricted Total
funds funds
2022 2022
Income from charitable activities 2,180,792 2,180,792

Unrestricted Total
funds funds
2023
f		 2023
F
Sales from subsidiary undertakings 204,192 204,192
Unrestricted Total
funds funds
2022 2022f
Sales from subsidiary undertakings 197,181 197,181

Unrestricted Total
funds funds
2023 2023
F F
4,341 4,341
Interest received 4,341 4,341
Unrestricted Total
funds funds
2022f 2022
Interest received 245 245

Unrestricted Total
funds funds
2023 2023
E
35,190 35,190
Unrestricted Total
funds funds
2022 2022
5,172 5,172

Unrestricted Total
funds funds
2023
F		 2023
f
Cost ofsales 179,790 179,790
Administration expenses 23,401 23,401
Administration depreciation 1,000 1,000
204,191 204,191

Unrestricted Totat
funds funds
2022 2022
6
Cost ofsales 194,593 194,593
Administration expenses 1,588 1,588
Administration depreciation 1,000 1,000
197,181 197,181

Unrestricted
funds Total
2023 2023
f f
Direct costs 487,810 487,810
Wages 8 Salaries (Note 11) 1,089,667 1,089,667
Costs ofCourses 67,578 67,578
Postage &Carriage 77,725 77,725
Repairs & Maintenance 63,108 63,108
Advertising & Marketing 266,792 266,792
Bank Charges 53,456 53,456
Insurances 64,583 64,583
Depreciation & Contract Hire Charges 21,488 21,488
2,192,207 2,192,207

Unrestricted
funds Total
2022 2022
6
Direct costs 257,667 257,667
Wages &Salaries (Note 11) 990,986 990,986
Costs ofCourses 114,626 114,626
Postage &Carriage 81,076 81,076
Repairs
& Maintenance		 225,808 225,808
Advertising & Marketing 93,906 93,906
Bank Charges 46,385 46,385
Insurances 52,195 52,195
Depreciation &Contract Hire Charges 29,552 29,552
1,892,201 1,892,201

Support Total
costs funds
2023 2023
F f
Direct costs 487,810 487,810
Wages &Salaries (Note 11) 1,089,667 1,089,667
Costs ofCourses 67,578 67,578
Postage 8 Carriage 77,725 77,725
Repairs
& Maintenance		 63,108 63,108
Advertising &Marketing 266,792 266,792
Bank Charges 53,456 53,456
Insurances 64,583 64,583
Depreciation &Contract Hire Charges 21,488 21,488
2,192,207 2,192,207

Analysis ofe xpenditure by activities (continued)
Support Total
costs funds
2022 2022f
Direct costs 257,667 257,667
Wages 8 Salaries (Note 11) 990,986 990,986
Costs ofCourses 114,626 114,626
Postage 8 Carriage 81,076 81,076
Repairs
& Maintenance		 225,808 225,808
Advertising
8		 Marketing 93,906 93,906
Bank Charges 46,385 46,385
Insurances 52,195 52,195
Depreciation & Contract Hire Charges 29,552 29,552
1,892,201 1,892,201

Audito rs'
remuneration
2023
f		 2022f
Fees
annual		 payable to the Company's
accounts		 auditor for the audit ofthe Company's 6,582 6,582
Fees payable
to the Company's		 auditor in respect of:
All taxation advisory services not included above 300 300

Staff costs
Group Group Company Company
2023
f		 2022 2023
f		 2022
Wages and salaries 996,959 871,655 996,959 871,655
Contribution
schemes		 to defined contribution pension 92,708 119,331 92,708 119,331
1,089,667 990,986 1,089,667 990,986

Group Group Company Company
2023 2022 2023 2022
No. No. No. No.
Employees 31 31 31 31

the UK of19 %(2022 - 19%).The d iffe rences are explaine d
below:
2023
f		 2022f
Net income before tax 211,019 351,231
Net income multiplied
by the standard		 rate ofcorporation tax in the UK of 19
(2022 - 19%). 40,094 66,734
Effects of:
Non-taxable income less expenses not deductible for tax purposes, other
than goodwill and impairment (40,094) (66,734)
Total tax charge for the year
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Group Group Company Company
2023 2022
5		 2023
f		 2022
6
Finished goods and goods for resale 155,622 140,204 155,623 140,204
Debtors
Group Group Company Company
2023 2022 2023 2022
6 F 5
Due within one year
Trade debtors 166,434 108,929 136,259 82,631
Amounts owed by group undertakings 24,631 26,003
Other debtors 4,327 3,464 4,323 3,462
Prepayments and accrued income 41,058 51,101 41,061 51,099
211,819 163,494 206,274 163,195

Group Group Company Company
2023
F		 2022f 2023
f		 2022f
Bank overdrafts 667
Bank loans 41,667 41,667
Trade creditors 54,598 49,160 49,307 48,532
Other taxation and social security 38,898 31,135 38,898 31,135
Other creditors 12,612 3,284 12,717 3,386
Accruals and deferred income 9,448 18,749 9,196 18,749
115,556 144,662 110,118 143,469

Group Group Company Company
2023
F		 2022
f		 2023
f		 2022
Bank loans 166,666 166,666
Included within the above are amounts falling due as follows:
Group Group Company Company
2023
f		 2022 2023
f		 2022f
Between one and two years
Bank loans 41,666 41,666
Between two and five years
Bank loans 125,000 125,000
Over five years

Group Group Company Company
2023 2022 2023 2022f
Financial assets
Financial assets measured at fair value
through income and expenditure 959,400 1,015,350 959,400 1,015,350

Stateme nt of funds - current year
Balance at 1 Balance at 31
June 2022
f		 Income
f		 Expenditure
F		 May 2023
F
Unrestricted funds
General Funds - all funds 1,527,911 2,642,607 (2,431,588) 1,738,930
Statement of funds - prior year
As restated
Balance at Balance at
1June 2021 Income
f		 Expenditure f 31 May 2022
f
Unrestricted funds
General Funds - all funds 1,176,680 2,445,789 (2,094,558) 1,527,911

Balance at 1 Balance at 31
June 2022
f		 Income
f.		 Expenditure
F		 May 2023
f
General funds 1,527,911 2,642,607 (2,431,588) 1,738,930

Analysis of n et asse ts between funds - current yea r
Unrestricted Total
funds funds
2023 2023
f 8
Tangible fixed assets 527,646 527,646
Current assets 1,326,841 1,326,841
Creditors due within one year (115,556) (115,556)
Total 1,738,931 1,738,931

Analysis of net assets between funds - prior year
Unrestricted Total
funds funds
2022 2022
Tangible fixed assets 520,191 520,191
Current assets 1,319,048 1,319,048
Creditors due within one year (144,662) (144,662)
Creditors due in more than one year (166,666) (166,666)
1,527,911 1,527,911

Group Group Company Company
2023 2022 2023 2022
f
Net income for the year (as per Statement of
Financial Activities) 211,019 351,231 211,019 351,231
Adjustments for:
Depreciation charges 22,488 19,811 21,488 18,811
Increase in stocks (15,419) (51,204) (15,419) (51,204)
Decrease/(increase) in debtors (48,325) 3,903 (43,078) (53,213)
Decrease in creditors (29,104) (52,099) (33,352) 7,306
Net cash provided by operating activities 140,659 271,642 140,658 272,931
Group Group Company Company
2023 2022 2023 2022
F
Cash in hand 959,400 1,015,350 959,400 1,015,350
Total cash and cash equivalents 959,400 1,015,350 959,400 1,015,350
Analysis ofchanges in net debt
At 1 June At 31 May
2022 Cash flows
f		 2023
f
Cash at bank and in hand 1,015,350 (55,950) 959,400
Bank overdrafts repayable on demand (667) 667
Debt due within 1 year (41,667) 41,667
Debt due after 1 year (166,666) 166,666
806,350 153,050 959,400

Group Group Company Company
2023
f		 2022 2023
f		 2022f
Not later than 1 year 4,444 7,970 4,444 7,970
Later than 1 year and not later than 5years 11,099 13,742 11,099 13,742
15,543 21,712 15,543 21,712

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he financial
results ofthe subsidi		 aries
for the year		 were:
Names Income
f		 Expenditure
f		 Net assets
f
STA Excel Limited 204,192 (204,192) 2
STA Resolute Technology
Limited		 1
Aquacise
Limited		 1
Register ofAquatic Professionals Limited 1
Safety Training
Awards
Limited
Safety Training
Apprenticeships		 Limited 1
100