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





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|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<br>activities|||3|||||
|Education &Training||||IJ78,831||1,978,831|1,890,970|
|Other operating<br>income|||2|~303864||~303864|277,524|
|Total||||2482,695||2,282,695|2,168,494|
|EXPENDITURE ON||||||||
|Charitable<br>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<br>lid<br>ed and Charit|BalanceSheet||||||
|---|---|---|---|---|---|---|
||||2022 Group|2021 Group|2022 Charity|2021 Charity|
|||Notes|||||
|FIXEDASSETS|||||||
|Tangible<br>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<br>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<br>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<br>funds|||||~1055008|~1003603|
|TOTAL FUNDS|||||~1055008|1,003,603|





|f<br>t cY<br>End d<br>I March2<br>22|f<br>t cY<br>End d<br>I March2<br>22|f<br>t cY<br>End d<br>I March2<br>22|||||
|---|---|---|---|---|---|---|
|||||Notes|31.3.22|31.3.21f|
|Cash flows from operating||activities|||||
|Cash generated<br>from operations|||||43,648|84,572|
|Interest paid||||||(2,897)|
|Interest elenient offinance <br>paid||lease payments|||~(1 786)|~2160)|
|Net cash provided<br>by operating<br>activities|||||~41862|79,515|
|Cash flows from investing||activities|||||
|Purchase oftangible<br>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<br>in year<br>Capital repayments<br>in year|||||(15,131)<br>~111)|(19,409)<br>~5.553)|
|Net cash provided<br>by/(used||in) financing||activities|~15242)|25,038|
|Change In cash and cash|equivalents||ln||||
|the reporting<br>period|||||6,643|17,198|
|Cash and cash equivalents||at the|||||
|beginning<br>ofthe reporting||period|||~430 663|413,465|
|Cash and cash equivalents||at the end|of||||
|the reporting<br>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<br>K|31.3.21<br>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 <br>Debts falling|due within<br> due after||I|I yem<br> year|||(15,729)<br>~(46068)|7,494<br>~7637|(8,235)<br>~38431)|
|||||||||~61908)|15<br>2|~46 666)|
||Total|||||||~368755|~8599)|~377 54|





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|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<br>Schools|Education <br>00«1|&Training<br>&7<br>I<br>I 8||||173,943<br>851~10|181,297<br>142,574|173,943<br>05000|181,297<br>142,574|
||||||I|078831|1,800,070|10701131|1,890,970|
|CHARITABLE ACTIVITIES COSTS||||||||||
||||||||||Direct|
||||||||||Costs|
|Education &Training||||||||~2231 290||



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|||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|



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|STAFF COSTS||||||
|---|---|---|---|---|---|
|Group and Charity||||31,3,22|31.3.21|
|IVnges nnd snlaries||||1,085,7.17|1,04L328|
|Social security<br>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<br>number ofemployees||||43|41|





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||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<br>Disposals||1,019<br>~9831)||32,244<br>~166732)|33,263<br>~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<br>Elimhiated<br>on disposal||10,961<br>~6051)||58,631<br>~141328)|69,592<br>~147,379)|
||At 31 March 2022|~25 000|~433|978|~652 691|~lt 11669|
||NET BOOK VALUE<br>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<br>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<br>inancial<br>tatements<br>-continu<br> Y a<br>nded 31 March 2022|he<br>inancial<br>tatements<br>-continu<br> Y a<br>nded 31 March 2022|ed|||||
|---|---|---|---|---|---|---|
|FIXEDASSETINVESTihIENTS||-|conthiued||||
|The company's<br>investments|at the|balance sheet||date in the share capital ofcompanies|include the following:||
|&VIECNorth IVest (Enterprises)||Limited|||||
|Registered office:|||||||
|Nanire ofbusiness: Provision oftraining<br>courses|||||||
|Class ofshare:||||holding|||
|Ordinary<br>shares||||100|||
||||||31.3.22I|31.3.21|
|Aggregate<br>capital and reserves|||||2|2|
|A sumniary ofthe finnncial<br>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|||||||



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|||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<br>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<br>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<br>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<br>fnlling|due within one year||on demand:|||||||
||Other loans||||||~8235||15,729||
||Amounts<br>falling|due between two and five years:|||||||||
||Other loans - 2-5 years||||||~38 431||46,068||
|14.|LEASING AGREEMENTS||||||||||
||Minimum<br>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<br>secured debts:ue included<br>ivitlun creditors:||||||||||
||||||||31.3.27||31.3.21||
||Iiinsnce<br>leaves||||||||1 I 1||
||Debts are secured on the nssets held|||under finance lease agreements.|||||||





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|||||||||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|





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