2022-07-31-accounts - Nocn

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the year-end are	as follows:
NOCN Trustees'	and Directors:
Chair	David Gareth Jones
Vice Chair	Alison Duckles CBE		(nee Lamplough)**
Trustees	Seb Schmoller		(Resigned	25October 2021)
	John Fuller		(Resigned	11July 2022)
	Kay Dickinson
	Peter Wallwork*		(Resigned	22 August 2022)
	Leckraz Boyjoonauth		(Resigned	26 May 2022)
	Corrina Hembury
	Michelle Elliott*		(Resigned	31 July 2022)
	Adrian Toomey
	Fiona Macaskill		(Appointed	23September 2021)
	Lucy Hunte		(Appointed	11January 2022)
	Stephen Evans		(Appointed	1 August 2022)
	Nicola Davis		(Appointed	7 November 2022)
	David Wilkins		(Appointed	18January 2023)
Secretary	Sarah Standeven
Trustees are also cunent orpast trustees ofOne Awards *Trustee is a/so a trustee and Chair ofNOCN Job Cards
One Awards Trustees' and Directors:
Chair	David Balme
Trustees	Leslie Woodward
	Andrew McHale
	Jane Oswald
	Michelle Elliott
	John Rees
	Peter Wallwork	(Resigned 31		July 2022)
	Doug Balderston	(Resigned 15		June 2022)
Secretary	Dawn Rush
NOCN Job Cards	Trustees' and Directors
Chair	Alison Duckles CBE		(nee Lamplough)
Trustees	Graham Hasting-Evans
	Kevin Minton		(Resigned 13December 2022)
	Trevor Gamble MBE		(Resigned 13 December 2022)
	David Mosley

		Dr Suni	l Abrol	l Abrol	l Abrol	l Abrol	l Abrol	l Abrol
Key Management		Personnel	- NOCN Group Senior Leadership Team in 2021/22:
Chief Executive Graham Hasting-Evans
Group	Executive	Director (Finance & Governance					& Deputy CEO) Simon Renny
Group	Director (Awarding Organisation)			Mark Buckton (resigned 31 March				2022)
Group	Director (Awarding Organisation)			Paul Johnson (appointed 23 May 2022)
Group	Director (One Awards,		International		8 Culture) Fabienne Bailey (left			31 December
2021)
Group	Director (Apprenticeships) Thomas Burton (left 17February 2023)
Group	Director (Business Development)			Louise Allen
Group	Director (Job Cards) Carl Hassell
Group	Director (Digital Delivery and Improvement)						Gareth Cutts
Reference and administrative			details
Charity	Number:		NOCN:				1079785
			One Awards:				1087530
			Job Cards:				1182053
Company number:			NOON:				03829217
			One Awards:				04042215
			Job Cards:				11634699
NOON	Registered	office:	Acero Building,			1 Concourse Way, Sheaf Street, Sheffield, S1
			2BJ.
Our Advisers
Bank		National	Westminster			Bank	Pic 7 Market Place,
		(NOCN	& NOCN Job			Cards)	Derby, DE1 9DS
		Yorkshire Bank					7 Linthorpe Road
		(One Awards)					Middlesbrough
							TS1 1RF
Solicitors		Andrew	Holland Law		Limited		Suite 2, The Bakery
							Millennium Business Park
							Steeton, Keighley
							West Yorkshire,	BD206RB
Auditors		Armstrong Watson		Audit Limited Thornfield Business Park
							Northallerton
							DL6 2XQ

		2022	2021
		Unrestricted	Unrestricted
		Funds	Funds
	Notes	6
Incoming resources
Grants and Donations		102,892	55,582
Charitable activities		15,238,616	14,699,553
Total incoming resources		15,341,508	14,755,135
Resources expended
Charitable activities	3,4	14,941,136	11,891,243
Total resources expended		14,941,136	11,891,243
Net movement in funds before other aine/ losses		400,372	2,863,892
Other recognised gains/(losses)	22	1,807,203	873,076
Net movement in funds after other gains/(losses)	27	2,207,575	3,736,968
Total funds brought forward		2,133,410	(1,603,558)
Total funds carried forward	20	4,340,985	2,133,410

									2022	2021
									Unrestricted	Unrestricted
									Funds	Funds
								Notes	6
Fixed assets
Intangible assets								11	5,574,328	6,463,961
Tangible assets								12	249,666	279,522
Total fixed assets									5,823,994	6,743,503
Current assets
Debtors								14	2,273,028	3,273,741
Stock								15	20,176	72,246
Cash at bank and	in hand							26	1,343,673	1,980,279
Total current assets									3,636,877	5,326,268
Current liabilities
Creditors: Amounts	falling		due within	one year				16	(4,269,886)	(5,399,731)
Net current (liabilities)									(633,009)	(73,464)
Total assets less	current		liabilities						5,190,985	6,670,039
Creditors: Amounts	falling		due after	more than	one year			16	(850,000)	(1,927,629)
Net assets excluding		defined benefit pension				plan	liability		4,340,985	4,742,410
Defined benefit pension			plan liability					21		(2,609,000)
Net assets I (liabilities) lan liabilit			including	defined	benefit		pension		4,340,985	2,133,410
Represented by:
General funds/(deficit)								20	4,340,985	2,133,410
Total funds									4,340,985	2,133,410

				2022 Unrestricted Funds	2021 Unrestricted Funds
			Notes		f
Fixed assets
Intangible assets			11	3,395,720	3,674,305
Tangible assets			12	224,102	240,444
Investments			13	99	g9
Total fixed assets				3,619,921	4,114,848
Current assets
Debtors			14	3,349,706	3,454,044
Stock			15	16,692	18,189
Cash at bank and in hand				1,040,070	962,561
Total current assets				4,406,468	4,434,794
Current liabilities
Creditors: Amounts	falling	due within one year	16	(3,287,842)	(3,635,026)
Net current assets	I(liabilities)			1,118,626	799,768
Total assets less current		liabilities		4,738,547	4,914,616
Creditors: Amounts	falling	due after more than one year	18	(850,000)	(1,150,000)
Total net assets				3,888,547	3,764,616
Represented by:
General funds			20	3,888,547	3,764,616
Total funds				3,888,547	3,764,616

Consolidated Stateme	nt o	nt o	f	C	ash	Flows
For the financial year ended 31 July	2022
							2022		2021
							6		5
Cash flows from o eratin activities
Net cash rovidedb o cretin activities							3,177,894		3,282,205
Cash flows from investing activities
Purchase of intangible fixed assets							(305,515)		(218,413)
Fair Value Assessment of intangible	assets						26,689
Payments made to CITB in respect ofpurchase				of	Cskills		(2,800,000)		(1,743,536)
Disposal ofOne Awards cash balance							(385,021)
Purchase oftan ible fixed assets							50,654		30,803
Net cash used in investin activities							3,514,500		1,992,752
Cash flows from financing activities
New bank loans
Re a ment of Bank Loan							300,000		50,000
Net cash used in / enerated from financin			activities				300,000		50,000
Chan es in cash and cash e uivalents		in the		ear			(636,606)		1,239,453
Cash and cash e uivalents at the be		innin	of	the	ear		1,980,279		740,826
Cash and cash e uivalents at the end		ofthe	ear				1,343,673		1,980,279
Reconciliation of net movement in	funds before				other	gains/(losses)	to net cash flow from	/ (used in)
operating activities
Net movement in funds in the period activities	as per the statement					offinancial	400,372		2,863,892
Adjustments for:
Depreciation and amortisation							1,206,559		1,133,510
Loss on Disposal offixed assets							5,812		3,141
(Increase) / decrease in stock							52,072		(28,390)
(Increase) / decrease in debtors							1,000,714		(519,075)
(Decrease) / increase in creditors							892,526		(325,873)
One Awards' net surplus in 2021-2022							(525,161)
One Awards Defined Benefit Pension		Fund —Service Cost					145,000		155,000
Net cash provided by operating activities							3,177,894		3,282,205
There is no change to the bottom line		and the overall net				current assets	and assets position remains		unchanged as
a result ofthese restatements.

1. Incomin	g resou	r	ces from government gr	ants
						2022f	2021 8
Government	Furlou	h	Funds			102,892	55,582
Total						102,892	55,582
ll incoming resources			from grants and donations	were unrestricted.
2. Incoming	resources from charitable
activities
					2022		2021
					8		8
Awarding Organisation			and Endpoint
Assessment					10,841,175		10,265,467
NOCN Job Cards (CPCS &CISRS)					3,625,577		3,753,768
One Awards					674,690		618,442
NOCN India	Skills Foundation				97,174		61,876
Total					15,238,616		14,699,553

charitable a	ctivities	Summary by fund typ	e
			Unrestricted	Funds	Total Funds	Total Funds
				2022	2022	2021
				8	5	8
Awarding organisation		and end point
assessment			10,253,073		10,253,073	7,436,599
Governance				275,470	275,470	179,426
NOCN Job Cards (CPCS &CISRS)			2,299,008		2,299,008	2,515,769
One Awards				801,721	801,721	572,583
NOCN india	Skills Foundation			102,154	102,154	53,356
De reciation	&Amortisation		1,209,710		1,209,710	1,133,510
Total			14,941,136		14,941,136	11,891,243

				Activities
				undertaken directly	Support costs	2022
					f	6
Awarding Organisation Governance			and Endpoint Assessment	8,138,268	2,114,805 275,470	10,253,073 275,470
NOCN Job Cards One Awards		(CPCS &CISRS)		2,124,594 480,359	174,414 321,362	2,299,008 801,721
NOCN	India Skills	Foundation		102,154		102,154
Grou	Amortisation	&	De reciation		1,209,710	1,209,710
Total				10,845,375	4,095,761	14,941,136
				Activities
				undertaken	Support
				directly	costs	2021
				K	8
Awarding Organisation			and Endpoint Assessment	6,573,421	863,178	7,436,599
Governance					179,426	179,426
NOCN	Job Cards	(CPCS &CISRS)		1,925,398	590,371	2,515,769
One Awards				322,000	250,583	572,583
NOON	India Skills	Foundation		53,356		53,356
Grou	Amortisation	&	De reciation		1,133,510	1,133,510
Total				8,874,175	3,017,068	11,891,243

		2022	2021
		8	f
Meeting	costs	5,507	6,292
Expenses paid to trustees			205
Legal Costs		44,460
Internal	audit fees	15,400	20,125
External	audit fees	20,990	30,242
Mana ement costs		189,113	122,562
Total		275,470	179,426

Net inco charging:	ming resources for the	y	ear are arrived at after
				2022	2021
				E
Depreciation				215,866	99,858
Amortisation				993,844	1,033,652
External	audit fees			20,990	30,000
Operating	lease in respect of buildings			327,779	346,635
0 eratin	lease in res ect ofe	ui	ment and cars	21,505	59,955

	2022	2021
Staff		E
Wages and salaries	6,249,528	5,108,840
Social security costs	645,063	490,413
Pension costs	708,391	575,748
Total	7,602,982	6,175,001

he number of employees whose emoluments as d he year was as follows:	efined for taxation purposes amount to E60	,000 or more
	2022	2021
Staff	number	number
E60,000 to E69,999
E70,000 to E79,999
E80,000 toE89,999
E90,000 to E99,999
E100,000to E109,999
E170,000to E179,999
E180,000to E189,999
E210,000to E219,999

Staff
The average			number	ofstaff analysed		by function was:
							2022	2021
							Number	Number
Charitable		activities					119	119
Mana	ement		and administration		ofthe	charit	40	36
Total							159	155

averag	e o	ver the year, analysed	by function was:
				2022	2021
				Number	Number
Charitable		activities		83	29
Mana	ament and administration		ofthe charit
Total				83	29

					2022	2021
					8	8
Travel and subsistence
Other						205
Total						205
					2022	2021
					number	number
Travel and subsistence
Total
9.Auditor remuneration
					2022	2021
					8	8
External audit	ofGroup	I Parent company			14,995	17,400
External audit	of NOCN	Job Cards	(Subsidiary)		5,995	6,900
External audit	ofOne Awards (Subsidiary)					5,700
External audit	of NOCN	India Skills	Foundation	(Subsidiary)		242
Other non-audit	work carried out b		auditor			4,500
Total					20,990	34,742

		Software	Goodwill	Software	Goodwill —	Goodwill-
Group		Dev	-Cskills	Dev	CPCS	One Awards	Total
				NOON	NOON Job
Entity		NOCN	NOCN	Job Cards	Cards	Group
		E,
Cost Ivaluation
At beginning of	year	374,805	6,013,099	204,980	3,316,348	183,183	10,092,415
Additions		256,282	8,690	40,543			305,515
Impairment					(26,689)		(26,689)
Dis osal						183,183	183,183
At end of ear		631,087	6,021,789	245,523	3,289,659		10,188,058
Amortisation
At beginning of	year	108,358	2,405,241	37,435	967,472	109,911	3,628,417
Charge for the year		93,864	649,693	44,152	307,515	36,636	1,131,860
Dis osal						146,547	146,547
At end of ear		202,222	3,054,934	81,587	1,274,987		4,613,730
Net book value	at
31Jul 2022		428,865	2,966,855	163,936	2,014,672		5,574,328
Net book value	at
31 Jul 2021		266,447	3,607,85	167,535	2,348,869	73,272	6,463,981
				Software	Goodwill-
Company				Dev		Cskillsf	Total
Cost Ivaluation
At beginning ofyear Additions				374,805 256,282	6,013,099 8,690		6,387,904 264,972
At end of ear				631,087	6,021,789		6,652,876
Amortisation
At beginning ofyear Char e for the ear				108,358 93,864	2,405,241 649,693		2,513,599 743,557
At end of ear				202,222	3,054,934		3,257,156
Net book value	at 31Jul	2022		428,865	2,966,855		3,395,720
Netbookvalue at31 Jul		2021		266,447	3,607,858		3,874,305

		Computer	Fixtures
Group		equipment	and fittingsf	Total
Cost
At beginning ofyear		343,737	383,334	727,071
Additions		46,082	4,572	50,654
Dis osals		84,372	395	84,767
At end of ear		305,447	387,511	692,958
Depreciation
At beginning ofyear		288,443	159,105	447,548
Charge for the year		35,913	38,786	74,699
Dis osals		78,946	9	78,955
At end of ear		245,410	197,882	443,292
Net book value at 31Jul	2022	60,037	189,629	249,666
Net book value at 31 Jul	2021	55,294	224,229	279,523
		Computer	Fixtures
Company		equipment	and fittings	Total
Cost
At beginning ofyear		296,659	350,896	647,555
Additions		46,082	4,572	50,654
Dis oasis		59,640		59,640
At end of ear		283,101	355,468	638,569
Depreciation
At beginning ofyear		253,981	153,130	407,111
Charge for the year		30,678	35,582	66,260
Dis peals		58,904		58,904
At end of ear		225,755	188,712	414,467
Net book value at 31Jul	2022	57,346	166,756	224,102
Net book value at 31 Jul	2021	42,678	197,766	240,444

he following were subsidiary unde	rtakings of NOON:
Name	Country of	Class ofShares	Holding
	Incor oration
NOCN India Skills Foundation	India	Ordinary	gg%
NOON Job Cards	UK	N/A	Majority Voting Rights Control
One Awards	UK	N/A	Majority Voting Rights Control

sidiary und	ertaking	were as	follo	ws:
Aggregate	ofshare	capital	and	reserves	Profit/(Loss)
				8
				15,720	(4,980)

14.Debtors
Group		2022	2021
Trade debtors		1,867,390	2,988,161
Pre a ments	and accrued income	405,638	285,580
Total		2,273,028	3,273,741
Company		2022	2021
			8
Trade debtors		1,454,820	1,982,543
Prepayments	and accrued income	260,488	223,055
Intercom an	debtors	1,634,398	1,248,446
Total		3,349,706	3,454,044

Group		2022	2021
At beginning	ofyear	72,248	43,858
Purchased	in the year	503,451	578,305
Char ed in	the ear	555,523	549,915
At end of	ear	20,176	72,248
Company		2022	2021
At beginning	ofyear	18,189	10,935
Purchased	in the year	376,639	377,010
Char ed in	the ear	378,136	369,756
At end of	ear	16,692	18,189

16.Creditors - amoun	ts falling	due within one year
Group			2022	2021
Trade creditors			369,299	443,510
Accru ala			475,094	787,528
Deferred income - note 17			746,947	549,459
Taxes and social security			646,105	539,109
Coronavirus Business	Interruption	Loan (CBILS)	300,000	300,000
Other creditors			1,732,441	2,780,125
Total			4,269,886	5,399,731
Company			2022	2021
Trade creditors			246,923	362,116
Accruals			408,338	569,230
Deferred income - note	17		746,947	423,809
Intercompany creditors				7,707
Taxes and social security			603,388	482,024
Coronavirus Business	Interruption	Loan (CBILS)Loan	300,000	300,000
Other creditors			982,246	1,490,140
Total			3,287,842	3,635,026

Group		2022	2021
			8
At beginning	ofyear	549,459	592,246
Released in	the year	(549,459)	(592,246)
Added in the	ear	746,947	549,459
Atend of ear		746,947	549,459
Company		2022	2021
		8	8
At beginning	ofyear	423,809	592,246
Released in	the year	(423,809)	(592,246)
Added in the	ear	746,947	423,809
At end of ear		746,947	423,809

18.Creditor	s - amoun	ts falling	due after more than one year
Group				2022	2021
				8
Coronavirus	Business	Interruption	Loan (CBILS)	850,000	1,150,000
Other creditors					777,629
Total				850,000	1,927,629
Company				2022	2021
				8
Coronavirus	Business	Interruption	Loan (CBILS)	850,000	1,150,000
Other creditors
Total				850,000	1,150,000

				2022	2021
				Unrestricted	Unrestricted
Group				Funds	Funds
					E
Intangible fixed assets				5,574,328	6,463,981
Tangible fixed assets				249,666	279,522
Current assets				3,636,877	5,326,267
Current liabilities due in	less than	one year		(4,269,886)	(5,399,731)
Liabilities due after more than one		ear		850,000	1,927,629
Net assets excluding defined benefit pension			plan liability	4,340,985	4,742,410
Defined ension lan liabilit					2,609,000
Net assets I(liabilities) lan liabilit	including	defined benefit pension		4,340,985	2,133,410
				2022	2021
				Unrestricted	Unrestricted
Company				Funds	Funds
				E	E
Intangible fixed assets				3,395,720	3,874,305
Tangible fixed assets				224,102	240,444
Investments				99	99
Current assets				4,406,468	4,434,793
Current liabilities due in	less than one year			(3,287,842)	(3,635,026)
Liabilities due after more	than one	ear		850,000	1,150,000
Net assets				3,888,547	3,764,615

				Incoming	Outgoing		At 31 July
Group		At	31 July 2021	resources	resources	Gains	2022
				E	E	E	E
General funds			2,133,410	15,341,508	14,941,136	1,807,203	4,340,985
Total unrestricted	funds		2,133,410	15,341,508	14,941,136	1,807,203	4,340,985
				Incoming	Outgoing		At 31 July
Company		At 31 July 2021		resources	resources	Gains	2022
			E	F	E	E
General funds			3,764,616	10,944,068	10,820,137		3,888,547
Total unrestricted	funds		3,764,616	10,944,068	10,820,137		3,888,547

The net pension liability at the date ofdisposal a note 22.	re included	within the One Awards disposal figure	within the One Awards disposal figure	within the One Awards disposal figure	disclosed in	disclosed in
Principal actuarial assumptions at the Statement	of Financial	Position date (expressed as weighted			averages):
		At 31July 2022	At 31July 2021
		0/				0/
Discount rate		3.50				1.7
Future salary increases		2.75				2.6
Future pension increases		2.75				2.6
Inflation assumption		2.75				2.6
Revaluation rate		2.75				2.6
		At 31July 2022		At 31July 2021
		Years				Years
Mortality rates (in years)
-for a male aged 65 now		21.7				21.9
-at 65for a male aged 45 now		22.9				23.3
-for a female aged 65 now		23.5				23.6
-at 65for a female aged 45 now		25.3				25.4
The One Award's share ofthe assets in the scheme was:
		At 31	July		At	31 July
			2022			2021
			5			5
Present value ofdefined benefit obligations		(5,207,000)		(7,107,000)
Fair value of plan assets		4,967,000			4,498,000
Net pension liability'		240,000			2,609,000

The amounts reco	gnised	in the State	ment	of F	inancial	Activities	are as follows:
								2022	2021
								6	6
Current service cost								235,000	213,000
Net interest expense								45,000	45,000
Remeasurements:	actuarial (gains)		/ losses					2,514,000	831,000
Total amount recognised		in the Statement		of	Financial	Activities		2,234,000	573,000
Movements in the	present	value ofthe defined			benefit	obligation	were as follows:
								2022	2021
								6
Opening defined	benefit	obligation						(7,107,000)	(6,952,000)
Current service cost								(235,000)	(213,000)
Interest expense								(122,000)	(97,000)
Contributions by	scheme	participants						(35,000)	(31,000)
Actuarial gains /	(losses)							2,209,000	104,000
Net benefits paid	out							83,000	82,000
Closing defined benefit obligation*								5,207,000	7,107,000

		2022	2021
		6
Opening fair	value ofscheme assets	4,498,000	3,667,000
Interest income		77,000	52,000
Actuarial gains / (losses)		305,000	727,000
Contributions	by employer	135,000	103,000
Contributions Net benefits	by scheme participants paid out	35,000 ~83,000	31,000 ~82, DQO
Fair value of	plan assets*	4,967,000	4,498,000

22.Other recognised	gain	s/(losses)
					2022	2021
					6	6
Cskills acquisition fair value		adjustment	gain
CPCS acquisition fair	value	adjustment	gain	/ (loss)		42,076
One Awards Disposal					(706,797)
One Awards defined	benefit	liabilit revaluation			2,514,000	831,000
Total					1,807,203	873,076

At 31 July 2022, the Gr	oup had	commitments und	er non-cancellable ope	rating leas	es as follows:
Group					2022	2021
					E	E
Buildings:
Within one year					367,723	243,769
Between two and five	ears				259,030	283,713
Equipment:
Within one year					16,199	28,354
Between two and five	ears				10,486	720
At 31 July 2022, the Company		had commitments	under non-cancellable	operating	leases as follows:
Company					2022	2021
					E	E
Buildings:
Within one year					327,518	243,769
Between two and five	ears				135,065	283,713
Equipment:
Within one year					9,619	28,354
Between two and five	ears				5,291	720

25. Related Party Transactions	25. Related Party Transactions	25. Related Party Transactions	2022	2022		2022
					Amount	due from
			Income (6)
OCN Northern Ireland '			34,437
British Ass'n Construction	Heads'			3,900
Northern College '			1,140
Credit Services Ass'n 4			435			150
TUC			18,743
Shefgeld College '			168,329			9,438
Barnsley College s Maggie Hasting-Evans ' Laing O' Rourke Civil Eng	Ltd '		51,186 598	200		78 28
BAM Nuttall '			38,406			2,477
Access Training East Midlands		Ltd 's	15,710			980
P Flannery "' Construction Plant Hire Association "			5,050	3,300		532 900
Construction Industry Scaffolders Record Scheme "				315,744		25188
ITS Group'4			4,741			-1,110
Learning at Work Institute'~
Leeds College ofBuilding«			3,155
			2021	2021		2021
			Income (f)	urc ases	Amount due from at earend 6
OCN Northern Ireland "			38,063			1,813
British Ass'n Construction	Heads'			295
Northern College '			2,029			837
Credit Services Ass'n 4			42
TUC			18,743
Sheffield College ' Barnsley College '			184,284 66,686			15,848
Maggie Heating-Evans ' Laing O' Rourke Civil Eng Ltd '			364	485		589
BAM Nuttall s			14,075			4,302
Access Training East Midlands Ltd ' P Flannery " Construction Plant Hire Association "			13,909 6,038	240		13,709 1,401
Construction Industry Scaffolders
Record Scheme o				178,591
ITS Group'4			955			955
Learning at Work Institute"				38,000
Leeds College of Building's			3,823
					43

Group		At 1 August	Movement	At 31 July
		2021	in year	2022
		8	8
Cash at bank and	in hand	1,980,279	(636,606)	1,343,673
Bank Loan (Less	than 12months)	(300,000)		(300,000)
Bank Loan (More	than 12 months)	1,150,000	300,000	850,000
		530,279	(336,606)	193,673
Company		At 1 August	Movement	At 31 July
		2021	in year	2022
		8
Cash at bank and	in hand	962,561	77,509	1,040,070
Bank Loan (Less	than 12months)	(300,000)		(300,000)
Bank Loan (More	than 12months)	1,150,000	300,000	650,000
		(487,439)	377,509	(109,930)

9.Impact ofOne Awards on the Prior Year Group Financials
	2021f
Incoming Resources	623,789
Resources Expended	(603,725)
Other/Recognised Gains/(Losses)	831,000
Net movement in funds after other gains/(losses)	851,065
Tangible Assets Intangible Assets	5,076 73,271
Current Assets	1,054,976
Current Liabilities	(254,581)
Defined Pension Plan Liability	(2,609,000)
Total Funds/(Deficit)	(1,803,529)

he effect ofthe disposal on the next assets ofthe Group was as f	ollows:
	2022f
Effect ofdisposal ofsubsidiary
Tangible fixed assets	2,345
Intangible goodwill	36,636
Cash at bank	171,310
Debtors	930,298
Creditors	(433,792)
Net assets disposed	706,797