2022-03-31-accounts

		Page
Report of the Trustees	1	to	5
Report of the Indepcndcnt Auditors	6	to	g
Consolidated Statement ofFinancial Activities
Consolidated Balance Sheet		10
Consolidated Cash Flow Statement
Notes to the Cash Flow Statement		12
Notes to the Financial Statements	13	to	20

for the Year Ended 31	March 2022
						31.3.22	31.3.21
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes	f	f.	5
INCO&hIE AND ENDOWSIENTS		FRO&hl
Charitable activities			3
Education &Training				IJ78,831		1,978,831	1,890,970
Other operating income			2	~303864		~303864	277,524
Total				2482,695		2,282,695	2,168,494
EXPENDITURE ON
Charitable activities
Education &Training				2431,290		2&231,290	2,134,743
NET INCOhIE				51,405		51&405	33,751
RFCONCILIATION	OF FUNDS
Total funds brought	forward			1,003,603		1,003,603	969,852
TOTAL I'UNDS CARRIED FOIW'ARD				~1055008	-	~1055008	~1003,603

C n lid ed and Charit	BalanceSheet
			2022 Group	2021 Group	2022 Charity	2021 Charity
		Notes
FIXEDASSETS
Tangible assets		8	360,475	425,988	360,475	425,988
Investments		9			2	2
			360,475	425,988	360,477	425,990
CURRENT ASSETS
Debtors		10	439,621	296,895	430,619	297,288
Cash at bank			~424 020	430,663	~424 022	430,268
			863,641	727,558	854,641	727,556
CREDITORS
Amounts falling due within one year		11	(130,677)	(103,875)	(121,679)	(103,875)
NET CURRENT ASSETS			~732964	~623683	~732 962	~623 681
TOTAL ASSETSLESS	CURRENT
LIABILITIES			1,093,439	1,049,671	1,093,439	1,049,671
CREDITORS
Amounts falling due after	more than one year	12	(38,431)	(46,068)	(38,431)	(46,068)
NET ASSETS			~1055008	~f,003 603	~1055008	I,003,603
FUNDS		16
Unrestricted funds					~1055008	~1003603
TOTAL FUNDS					~1055008	1,003,603

f t cY End d I March2 22	f t cY End d I March2 22	f t cY End d I March2 22
				Notes	31.3.22	31.3.21f
Cash flows from operating		activities
Cash generated from operations					43,648	84,572
Interest paid						(2,897)
Interest elenient offinance paid		lease payments			~(1 786)	~2160)
Net cash provided by operating activities					~41862	79,515
Cash flows from investing		activities
Purchase oftangible fixed	assets				~33263)	~87,355)
Net cash used in investing	activities				~33263)	~87355)
Cash flows from flnaucing		activities
New loans in year						50,000
Loan repayments in year Capital repayments in year					(15,131) ~111)	(19,409) ~5.553)
Net cash provided by/(used		in) financing		activities	~15242)	25,038
Change In cash and cash	equivalents		ln
the reporting period					6,643	17,198
Cash and cash equivalents		at the
beginning ofthe reporting		period			~430 663	413,465
Cash and cash equivalents		at the end	of
the reporting period					~424 020	430,663

f r t	he Year Ended 31 ivlarch	he Year Ended 31 ivlarch	he Year Ended 31 ivlarch	202	202	202
1.	RECONCILIATION			OF NET			INCOME TO NET CASH	FLOIV FROihl	OPERATING	ACTIVITIES
									31.3.22 K	31.3.21 f
	Net income	for the	reportlag			period (as per the Statement		ofFinancial
	Activities)								51,405	33,751
	At()ustments	for:
	Depreciation	charges							69,592	l20,996
	Interest paid									2,897
	Interest element ofhire			purchase			and finance lease rental payments		I)786	2,160
	Loss/(profit)	on disposal							29,183
	(Increase)/decrease		in debtors						(142,726)	(12,071)
	(Decrease)flllicfcusc		ili	cmditors					~34408	~63 161)
	Net cash provided		by	operaflons					~43 648	84,572
2.	ANALYSIS	OF CHANGES IN					NET FUNDS
								At 1.4.21	Cash flow	At 31.3.22
									K
	Net cash
	Cash at bank	and in	hand					~430 663	~6643)	~424 020
								~430 663	~(6 643)	~424 020
	Debt
	Finance leases							(111)	111
	Debts falling Debts falling	due within due after		I	I yem year			(15,729) ~(46068)	7,494 ~7637	(8,235) ~38431)
								~61908)	15 2	~46 666)
	Total							~368755	~8599)	~377 54

INCOME FROM C	HARITABL	E AC	TI	VITI	ES
						Group	Group	Charity	Charity
	Activity					31.3.22	31.3.21	31.3.22f	31.3.21
Modem Apprentice
Tfaulnlg-	Education	&Training			1,719,888		1,567,099	1,719,888	1,567,099
engineering
Other income Schools	Education 00«1	&Training &7 I I 8				173,943 851~10	181,297 142,574	173,943 05000	181,297 142,574
					I	078831	1,800,070	10701131	1,890,970
CHARITABLE ACTIVITIES COSTS
									Direct
									Costs
Education &Training								~2231 290

		Group	Group	Charity	Charity
		31.3.22	31.3.21	31.3.22	31.3.21
			E		f.
Depreciation —olvned assets		69,592	120,996	69,592	120,996
Loss on	disposal	29,183		291183
Hire ofplant and nlachinery		357164	24,554	35,164	24,554
Audi(or's	remuneration	13 530	11375	11025	11,375

STAFF COSTS
Group and Charity				31,3,22	31.3.21
IVnges nnd snlaries				1,085,7.17	1,04L328
Social security costs				99,833	89,833
Other pension costs				941339	79,187
				1,279,388	1,212,348
The average monthly	number ofemployees	during	the year ives as folio&vs:
				31.3.22	31.3.21
Average monthly number ofemployees				43	41

	The number ofemployees	ivhose employee benefits (excluding	employer	pension	costs) exceeded f60,000 ives;	costs) exceeded f60,000 ives;
					31.3.22	31.3.21
	f70,001- f80,000				I	,I
8.	TANGIBLE FIXEDASSETS
	Group and Charity:
					Fixtures
		Long	Plant	and	and
		leasehold	machinery		fittings	Totals
					f.
	COST
	At I April 2021	25)000	506,054		1)084,390	1,615,444
	Additions Disposals		1,019 ~9831)		32,244 ~166732)	33,263 ~176,563)
	At 31 March 2022	~25 000	~497	242	~949902	~1472 144
	DEPRECIATION
	At I April 2021	25,000	429,068		735,388	1,189,456
	Charge for year Elimhiated on disposal		10,961 ~6051)		58,631 ~141328)	69,592 ~147,379)
	At 31 March 2022	~25 000	~433	978	~652 691	~lt 11669
	NET BOOK VALUE At 31 March 2022		~63	264	~297 211	~360 475
	At 31 March 2021		~76	986	~349 002	~425 988
9.	FIXEDASSETINVESTMENTS
		Group	Group		Charity	Charity
		31.3.22	31.3.21		31.3.22	31.3.21
				f,	g
	investments in subsidiaries				2	2
						Shares in
						group
						umlcrtal'ings
						0
	MARKET VALUF.
	At I Apri!2021 and 31 March 2022
	NET BOOK VALUE
	At 31 March 2022
	At 31March 2021
	There were no uivestment	assets outside the UK.

he inancial tatements -continu Y a nded 31 March 2022	he inancial tatements -continu Y a nded 31 March 2022	ed
FIXEDASSETINVESTihIENTS		-	conthiued
The company's investments	at the	balance sheet		date in the share capital ofcompanies	include the following:
&VIECNorth IVest (Enterprises)		Limited
Registered office:
Nanire ofbusiness: Provision oftraining courses
Class ofshare:				holding
Ordinary shares				100
					31.3.22I	31.3.21
Aggregate capital and reserves					2	2
A sumniary ofthe finnncial Turnover	statements		of the subsidiaries is:
					31.3.22	31.321
						f
				165,864		76,233
Expenses				(165&864)		(76,233)
Net profit for the year

		Group	Group	Charity	Charity
		31.3.22	31.3.21	31.3.22	31.3.21
		K		8	f
Trade debtors		113,199	101,951	96,849	101,321
Other debtors		1,200	1,200	1,200	1,200
VAT			7,372		7,372
Prepayments		75J30	53,344	70,590	50,344
Accrued income		249492	133,028	249,292	I33,028
Amounts owed to group				12,688	4,023
undertakings
		6	296,895	430619	297,288
CREDITORS: AXIOUNTS FALLING DUE II'ITHE&(OiNF.			YEAR
		Group	Group	Charity	Chmity
		31.3.22	31.3.21	31.3,22	31.3.21
			6
0th r tean& (see note	I I)	8,235	15,729	b,23.'t	l:i,&29
I&manes lease (see note 14)			I l I		I I I
Trade creditors		60,931	41,l4G	G0,931	41,14()
Social security k other taxes		26,780	24,93G	26,780	24,936
VAT		3,188		3,188
Other creditors		1,597	953	1,597	953
Accrued expenses		66	21,000	66	21,000
		6		6	103,875

12.	CREDITORS:	AhIOUNT	S FALL	ING DU	E AFI'ER itIO	RE TIIAN OtNE	YEAR
					Group	Group	Charity			Charity
				31.3.22f		31.3.21	31.3.22f			31.3.21f
	Other loans (see note 13)			38,431		46,068	38431			46,068
				38,431		46,068	38,431			46,068
13.	LOANS
	An analysis oftbe maturity		ofloans	is given	below:
							31.3i22		31.3.21
							8
	Amounts fnlling	due within one year		on demand:
	Other loans						~8235		15,729
	Amounts falling	due between two and five years:
	Other loans - 2-5 years						~38 431		46,068
14.	LEASING AGREEMENTS
	Minimum lease	payments	fnll due ns	follows:
							Finance	lcases
							31.3.22		31.3.21I
	Net obligations	repayable:
	IVithin one year
							Non.	cancegable
							operating		leases
							31.3.22		31.3.21
							8
	tyithin one year						32,121		29,371
	Between one and five years						71,628		67,731
							~103749		97,110
15.	SECURED DEBTS
	The following secured debts:ue included ivitlun creditors:
							31.3.27		31.3.21
	Iiinsnce leaves								1 I 1
	Debts are secured on the nssets held			under finance lease agreements.

								Net
								movement
							At 1.4.21	in funds	At 31.3.22
							f
Unrestricted			funds
General	fund						1,003,603	51,405	1,055,008
TOTAL FUNDS							1~003603	~51 405	1~055008
Net movement			in funds, included			in the above	are as folio&vs:
							Incoming	Resources	Movement
							resources	expended	in funds
									g
Unrestricted			funds
General	fund						2,282,695	(2,231,290)	51,405
TOTAL FUNDS							~2282 695	~2,231290)	51,405
Comparatives			for movement		in	funds
								Net
								movement
							At 1.4.20	in funds	At 31.3.21
								f.
Unrestricted			funds
General	fund						969,852	33,751	1,003,603
TOTAL	FUNDS						~969 852	~33 751	1~003603
Comparative		net ntovement		in	funds, included		in the above are as follosvs:
							hlconlmg	Resources	Movement
							resources	expemled	in funds
								f,
Unrestricted		funds
General	Ii&n&l						2,127,806	(2,091,055)	33,75 I
TOTAL	FUNDS						2 127806	~2094,055)	~33 751