## |||||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||||||||| |||||||||||||N
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Q| ## ## ## ||||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| ## ## ## ||||||L'|C0|||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||m|||||||||||||||||| |||||||'.l2|||||||||||||||||| ||||||Ol
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4—
IUN|| ## |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| ##