2023-03-31-accounts

		Page
Report ofthe Trustees	1	to	5
Report ofthe independent Auditors	6	to	8
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 2023
					319.23	31.3.22
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes
INCOME AND ENDOWS FROM
Charitable activities		3
Education dt Training			2,185,782		2,185,782	1,978,831
Other operating income		2	~281537		~281537	303 864
Total			2,467&319		2,467319	2382,695
EXPENDITURE ON
Charitable activities
Education dc Training			2,424/38		2,424,338	2,231,290
NET INCOME			42 tlgl		42,9&1	51,405
RECONCILIATION	OF FUNDS
Total funds brought	forsvard		1,055,008		1,055,008	1,003,603
TOTAL FUNDS CARRIED FORWARD			~1097 89	-	~1097989	I 055 008

		2023 Group	2022 Group	2023 Charity	2022 Charity
	Notes
FIXEDASSETS
Tangible assets	8	318,203	360,475	318403	360,475
Investments	9			2	2
		318,203	360,475	318,205	360,477
CURRENT ASSETS
Debtors	10	545,828	439,621	536,826	430,619
Cash at bank		407,909	~424 020	~407909	~424 022
		953,737	863,641	944,735	854,641
CREDITORS
Amounts fittling due within one year	11	(145,520)	(130,677)	(136,520)	(121,679)
NET CURRENT ASSETS		~808217	732,964	~808 215	~732962
TOTAL ASSETSLESSCURRENT
LIABILITIES		1,126,420	1,093,439	1,126,420	1,093,439
CREDITORS
Amounts falling due atter more than one year	12	(28,431)	(38,431)	(28&431)	(38,431)
NET ASSETS		1,097,989	~1055008	~1,097989	1 055 008
FUNDS	16
Unrestricted funds				~1097 89	I 055008
TOTAL FUNDS				~1,098989	1 055008

Msrinme+ En 'neerin N~F ~ h W
C hhl S
for the Year Ended 31March 2023
					31.3.23	31.3.22
				Notes
Cash flows from operating		activities
Cash generated &om operations					28,979	46,760
Interest paid					(2,247)	(3,112)
Interest element offinance paid		lease payments			~648)	~1786)
Net cash provided by operating activities					~26 084	41 862
Cash flows from investing		activities
Purchase oftangible fixed	assets				~3219	~33263)
Net cash used in investing	activities				~32 19	~33263)
Cash flows from financing		activities
Loan repayments in year Capital repayments in year					(10,000)	(15,131) ~ll I
Net cash provided by/(used		iu) financing		activities	~10000)	15442
Change in cash and cash	equivalents		in
the reporting period					(16,111)	(6,643)
Cash and cash equivalents		at the
beginning ofthe reporting		period			~424 020	430 663
Cash snd cash equivalents		at the end	of
the reporting period					407,909	424,020

	RECONCIL	IATIO	N O	F NE	T	INCOME TO NET CASH FLOW FR	OM O	PERATING A	CTIVITIES
								31.3.23f	31.3.22
	Net income	for the	reporting		period (as per the Statement ofFinancial
	Activities)							42,981	51,405
	Adjustments	for:
	Depreciation	charges						74,469	69,593
	Interest paid							2~7	3,112
	Interest element of		hire purchase			and finance lease rental payments		648	1,786
	Loss/(profit)	on disposal							29,183
	(Increase)/decrease		in debtors					(115,036)	(142,726)
	(Decrease)/increase		in creditors					~23 670	34,408
	Net cash provided		by operations					~28 979	46 760
2.	ANALYSIS	OF CHANGES IN				NET FUNDS
						At 1.4.22		Cash flow	At 31.3.23
								f	f
	Net cash
	Cash at bank	and in	hand			~424 020		~16111	~407909
						~424 020		~16111	~407 909
	Debt
	Debts falling	due within		I year		(8,235)			(8,235)
	Debts falling	due alter I		year		~38431		~10000	~28431
						~46 66		~10000	~3666
	Total					~377	54	~6113	~371 3

		Group	Group	Charity	Charity
		31.3.23	31.3.22	31.3.23	31.3.22
Commercial	Training	1437537	165,864
Rents received		138040 ~201 37	138000 303.864	138 0011 138 1100	138000 138 tlOtl

INCOME FROM CH	ARITABLE	AC	TIVITI	ES
				Group	Group	Charity	Charity
				31.3.23	31.3.22	313.23	31.3.22
Activity				f.
Modem Apprentice
Tratrllllg-	Education	&Training		1,966,424	1,719,888	I 0166,424	1,719,888
engineering
Other income	Education	&Training		134,358	173,943	134/58	173,943
Schools	Ed '	0.7	'	8501IQ	85,000	05 1100	85 000
				2,185,782	1.978 831	2,185,782	1,978,831
CHARITABLE ACTIVITIES COSTS
						Direct
						Costs
Education &Training						~2424	38
NET INCOME/(EXPENDITURE)
Net income/(expenditure)	is stated	alter charging/(crediting):
				Group	Group	Charity	Charity
				31.3.23	31.3.22	312.23	31.322
Depreciation —owned assets				74,469	69,592	74,468	69,592
Loss on disposal					29,183		29,183
Hire ofplant and machinery				33,991	35,164	33,991	35,164
Auditor's remuneration				12,650	13,530	Il 000	11925

STAFF COSTS
Group and Charity			31.3.23	31.3.22
			f.
Wages and salaries			1,251,466	1,085,217
Social security costs			120,079	99,833
Other pension costs			82&358	94,339
			1,453,903	1279,388
The average monthly	number ofemployees	during the year was as follows:
			31.3.23	31.3.22
Average montMy number ofemployees			45	43

	The number ofemployees	whose employee benefits (excluding	whose employee benefits (excluding	employer pension	costs) exceeded f60,000 was:	costs) exceeded f60,000 was:
					312.23	31.3.22
	f70,001 —f80,000 f80,001 - f90,000				1	1
8.	TANGIBLE FIXEDASSETS
	Group and Charity:
				Fixtures
		Long	Plant and	and	Motor
		leasehold f	machinery	fittings	vehicles	Totalsf
	COST
	At I April 2022	25,000	497,242	949,902		1,472,144
	Additions			16tt47	15/50	32,197
	Disp os ala		~294819)	~36679)		~331498)
	At 31March 2023	~25 000	~202 423	~930170	~15250	1~172843
	DEPRECIATION
	At 1 April 2022	25,000	433,978	652,691		1,111,669
	Charge for year		10,555	62,431	1,483	74,469
	Eliminated on disposal		~294819)	~36679)		~331498)
	At 31 March 2023	~25 000	~149714	678,443	~1483	~854 640
	NET BOOK VALUE
	At 31March 2023		~52 709	~251727	~13767	318,203
	At 31March 2022		63,264	297211		360475
9.	FIXEDASSETINVESTMENTS
			Group	Group	Charity	Charity
			313.23	31.322	31.3.23	31.3.22
	Investments in subsidiaries				2	2
						Shares in
						grollp
						undertakings
	MARKET VALUE
	At 1 April 2022 and 31March 2023
	NET BOOK VALUE
	At 31 March 2023
	At 31 March 2022
	There were no investment	assets outside the UK.

								0/
Class ofshare:						holding
Ordinary shares							100
											319.23f		31222 f
Aggregate capital and reserves											2		2
A summary ofthe financial		statements			of	the subsidiaries		is;
											31.323		31.3.22
											f
Turnover											143,537		165,864
Expenses										(143437)		(165,864)
Netprofit for the year
Fixed asset investments	are stated			at cost		less provision	for diminution			in value.
Maritime + Engineering		College		North		West also has		two	dormant	subsidiaries,	The Engineering		College
Limited and The Engineering			College		Enterprises Limited.
DEBTORS:AMOUNTS		FALLING DUE WITHIN					ONE YEAR
						Group			Group		Charity		Charity
						31.323			31.3.22		31.3.23		31.3.22
										f.			f
Trade debtors						117,263			113,199		90,017		96,849
Other debtors						900				1,200	900		1,200
Prepayments						71,718			75,930		68,445		70,590
Accrued income						355,947			249,292		355,947		249,292
Amounts owed to group											21,517		12,688
undertakings
						545,828			439.621		536026		430619
CREDITORS: AMOUNTS FALLING						DUE WITHIN		ONE	YEAR
						Group			Group		Charity		Charity
						31.3.23			31.3.22		31.3.23		31.3.22
Other loans (see note 13)						8,235				8235	8,235		8,235
Trade creditors						65,861			60,931		65,861		60,931
Social security &other taxes						31,898			26,780		31,898		26,780
VAT						23277				3,188	23277		3,188
Other creditors						7,709				1,597	7,709		1,597
Accrued expenses						29 540			29 946		20 540		20 948
						145 5213			130,677		136,520		121,679

			Group	Group	Charity		Charity
			31.3.23	31.3.22	31.3.23		31.3.22
Other loans		(see note 13)	28431	38431	28 431		38431
			28431	38431	28431		38431
LOANS
An analysis		ofthe maturity ofloans is given below:
					31923f	31.3.22
Amounts	falling due within one year on demand:
Other loans					8 35	8,235
Amounts	falling due between two and five years:
Other loans		—2-5 years			~28431	38,431

	Non-cancellable	Non-cancellable
	operating	leases
	312.23	31.3.22
Within one year	23,242	32,121
Between one and five years	48,385	71,628
	~71627	103 749

MOVE	MKN		T IN FUNDS
								Net
								movement
							At 1.4.22	in funds	At 31.3.23
Unrestricted			funds
General	fund						1,055,008	42,981	1,097,989
TOTAL FUNDS							1~055008	~42 981	1~097989
Net movement			in funds, included			in the above	are as follows:
							Incoming	Resources	Movement
							rmources	expended	in funds
Unrestricted			funds
General	fund						2,467/19	(2,424/38)	42,981
TOTAL	FUNDS						~2467 319	~2,424 38)	~42 981
Comparatives			for movement		in	funds
								Net
								movement
							At 1.4.21	in funds	At 31.3.22
Unrestricted			funds
General	fund						1,003,603	51,405	1,055,008
TOTAL	FUNDS						1~003,603	51,405	1~055008
Comparative		net movement		in	funds, included		in the above are as follows:
							Incoming	Resources	Movement
							resources	expended	in funds
Unrestricted			funds
General	fund						2,282,695	(2231,290)	51,405
TOTAL	FUNDS						2,282,695	~2,231 290)	51405