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← Humber Learning Consortium

2023-03-31-accounts

REGISTERED COMPANY NUMBER: 04383779 (England and Wales) REGISTERED CHARITY NUMBER: 1097333

:

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

HUMBER LEARNING CONSORTIUM

Rackhams Accountants Limited Statutory Auditors 3 Melton Park Redcliff Road Melton East Yorkshire HU14 3RS

HUMBER LEARNING CONSORTIUM

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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HUMBER LEARNING CONSORTIUM

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CHAIRMAN'S REPORT FOR THE YEAR ENDED 31 MARCH 2023

2022-23 has been the first of three 'crux' years for HLC, where we began the shift away from the considerable levels of European (ESF) funding into the new "Levelling Up" landscape of UK Shared Prosperity Fund (UKSPF). Although this has meant that resources and energy have been focused on bid-writing and business development, HLC has also been careful not to lose sight of driving the performance of its programmes and ensuring high quality learning provision is available for our target groups. This latter commitment was validated in June 2022 by HLC's "Good" Ofsted inspection outcome, which meant that HLC has been graded "Good" in every one of its 3 Ofsted inspections so far (2012, 2015, and 2022).

HLC and its delivery partners engaged and supported 2,063 learners in 2022-23. Despite the challenging funding environment, we achieved our key financial aim of breaking even. As a result of solid contract performance and careful cost management HLC is reporting a small surplus of £382 this year, which maintains our unrestricted reserves at £829,562. These healthy reserves will be particularly critical in the context of the funding uncertainty and closure of several projects in the next financial year (CLLD, BBO, Springboard, and This-Ability).

To replace these projects, senior managers have been actively pursuing UKSPF and Multiply funding opportunities, with considerable success. HLC has secured 3 Multiply contracts with Hull and East Riding councils and will lead anew Hull UKSPF all-age employment programme starting in April 2023. At the time of writing, we have also been successful with * our East Riding UKSPF employment programme bid. These contracts provide a level of funding certainty through until March 2025. Following the government's decision to scrap Traineeships, DfE awarded HLC a small 16-19 Study Programme, which we aim to grow, starting August 2023. HLC was also one of only 55 providers to be successful in the national Adult Education Budget procurement exercise, which places us firmly back in the mainstream funding arena. Importantly, it also helps to strategically position HLC ahead of Hull & East Riding skills devolution, which we anticipate will take effect in 2026.

2022-23 has been another positive year, particular with our third consecutive successful Ofsted inspection and the new contracts we have won. These give us the confidence that HLC will continue to play a key role in the learning & skills landscape over the coming years. The trustees are mindful that the next two years will continue to present a challenge. However, we are also confident that HLC's strong delivery track record, reputation, staff team expertise, and robust financial health (good reserves position and no external borrowings) stand us in good stead for whatever is around the corner.

Chair of Trustees

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HUMBER LEARNING CONSORTIUM REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK. and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims

The charitable objects of HLC are to promote the advancement of education for the public benefit, in particular;

(a) To improve access to learning opportunities for users, volunteers and employees of voluntary and community organisations in Humber and Yorkshire

(b) To develop voluntary sector learning providers to meet quality thresholds and stakeholder requirements

(c) To develop a partnership approach to the delivery and development of learning opportunities and good practice

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(d) To carry out associated activities

(e) To promote the efficiency and effectiveness of charities, voluntary and community groups based in the Humber and Yorkshire region by providing training and on-going support to increase their ability to access funding and participate in the regeneration of their area.

Public benefit

HLC's activities promote the advancement of education for the public benefit. In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission's guidance on public benefit, including specific guidance on fee charging.

We work with delivery partners, the majority of which are local not-for-profit organisations, to deliver a wide range of accredited and non-accredited learning opportunities.

HLC's learning provision is targeted at disadvantaged individuals and communities. As a result, where possible, it is provided free of charge, or at the lowest possible cost to encourage access and participation,

Froma broader perspective, HLC's activities help adults and young people within the Yorkshire and Humber region to engage on a learning journey that leads to further opportunities, benefiting both the individual and their communities.

Quality assurance and improvement processes are given a high profile across HLC and its partner's networks. Guidance and training are regularly provided to ensure that delivery partners and their staff members meet the quality thresholds of funders and inspection bodies.

HLC is committed to strengthening voluntary and community sector organisations to deliver learning opportunities. Our experience demonstrates that promoting the delivery of learning opportunities in partnership with local and trusted community groups helps to engage those from the most disadvantaged backgrounds.

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HUMBER LEARNING CONSORTIUM REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

STRATEGIC REPORT Achievement and performance

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Charitable activities

During 2022-23 HLC has been able to promote and deliver learning opportunities through the following core activities, grants, and contracts:

With our partners we have delivered a wide range of learning opportunities to disadvantaged people. The contracts and projects are summarised below. The letters in brackets demonstrate which of HLC's charitable objects (see above) are being met by a particular area of work, grant, or contract.

Quality and Development (a, b, c, d, e)

Quality assurance and the development of our delivery partners is a driven by our commitment to continuous improvement. Supporting voluntary sector organisations to become high quality learning providers is one of HLC's primary charitable objects and one of our 3 strategic priorities. HLC carries out a range of quality and development activities, including:

These activities help HLC to maintain and strengthen our relationships with partner organisations, in turn helping them to build their own capacity and deliver high quality learning opportunities to our target beneficiaries.

HLC continues to demonstrate a strong commitment to quality improvement and was rated "Good" by Ofsted inspectors in June 2022. HLC has now been rated "Good" in all its inspections (2012, 2015, 2022). HLC holds the Matrix information, advice, and guidance quality standard, and Cyber Essentials accreditation.

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HUMBER LEARNING CONSORTIUM

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

ACHIEVEMENT AND PERFORMANCE

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Charitable activities

ESFA 16-18 Traineeships (a, c, d)

This is a mainstream ESFA contract supporting young people aged 16-18 (a package of maths, English, ICT skills provision, employability skills, and structured work placements). In the 2023-24 academic year this will be replaced by an alternative DfE 16-19 Study Programme because Traineeships have been scrapped by the government.

ESF & ESFA Community Grants Humber, East Riding, York, and North Yorkshire (a, b, c, e)

ESF Community Grants provides grants of up to £20,000 to small and medium sized voluntary, community groups and social enterprises that are normally unable to access mainstream ESFA/ESF funding. The grants were used to help and assist unemployed or economically inactive individuals from deprived communities to move closer to the labour market. The ESF Community Grants programme closed in March 2023, by which time it had supported 2,927 participants and * awarded 172 grants to small voluntary and community groups worth a total of £2,857.794.

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National Lottery Community Fund - This-Ability (a, c, d)

'This-Ability' is a 5-year project (January 2019 to March 2024) in Hull and the East Riding, which supports young people aged 18-29 with hidden disabilities, learning difficulties, physical disabilities, and long-term health conditions. This-Ability is purely an ‘into employment’ project - aiming to progress at least 40% into sustained jobs. To March 2023 This-Ability has supported 228 young people and progressed 29% into employment.

ESF & National Lottery Communities Fund - Building Better Opportunities (BBO Humber) (a, b, c)

BBO was initially a 3-year £3.23m contract (November 2016 - October 2019), which was extended twice to June 2023 and provided with an additional £3.87m. HLC works with 14 partner organisations across the Humber, including the 4 local authorities, with a target to support 1,882 economically inactive (80%) and unemployed individuals (20%), aged 25+. A total of 2,001 participants have accessed the programme (106% of target). BBO has progressed 511 participants (25.5%) into employment, 671 (33.5%) into further learning, and 488 (24.4%) into job search activities.

Springboard (ESF and National Lottery Match Funding) (a, c, d)

Springboard is a £21m programme (2016 to Dec 2023) aimed at supporting economically inactive and unemployed young people (aged 16-29) across the city of Hull and the East Riding. It also covered North and North-East Lincolnshire up to 2019. Springboard and This-Ability (see above) are complementary projects from a match funding perspective. Springboard and This-Ability are closely linked to the Youth Hub, which is a partnership between HLC, Hull City Council, Goodwin Development Trust, and Job Centre Plus. Springboard has engaged 5421 participants since 2016 with 41% going into further learning/training or employment.

ESF / ERDF Hull Community-Led Local Development (CLLD) (a, b, c, d, e)

CLLD is a £635,000 contract (November 2017 - June 2023). HLC acts as the Programme Management Organisation (PMO) managing a £6.63m programme of ESF and ERDF grants on behalf of Hull City Council (acting as the accountable body). The grants enable applicant organisations (grant recipients) to deliver employability and enterprise support activities to at least 2510 unemployed and economically inactive participants living in 4 ‘hub areas' of Hull - West & Central, East, North and Orchard Park, and Bransholme. As the PMO, HLC provides community engagement, promotes CLLD grants, coordinates grant rounds, and performance / quality manages the successful grant recipients. CLLD had engaged 2165 ESF participants to March 2023, with 58% moving into further leaming, employment, or active job search.

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HUMBER LEARNING CONSORTIUM REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

Youth Hub (ce, d)

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Youth Hub was funded through the DWP Flexible Support Fund until December 2022. Led by HLC, the partnership which includes Hull City Council, Goodwin Development Trust, and Job Centre Plus provides a physical location in Hull (Goodwin Community Hub, Anlaby Road) where unemployed / economically inactive young people can be referred to a team of mentors and ancillary support (e.g., mental health services). The service provides young people with information advice and guidance about a range of programmes and job opportunities, including This-Ability, Springboard, Traineeships, and Apprenticeships. Although DWP funding ended in December 2022, HLC and partners took the decision to continue with the Youth Hub concept, through a combination of other funding streams and initiatives. This will enable the Youth Hub to continue operating into late-2023.

UKSPF Multiply Hull (a, ¢, d)

Multiply is a national 3-year numeracy programme aimed at 19+ adults. It is funded through a 20% top slice of the UK Shared Prosperity Fund (UKSPF) and is designed to improve adults' numeracy skills by engaging them in activities that develop their confidence with numbers. HLC is leading a partnership of 4 community based VCSE organisations who ‘are delivering maths engagement activities across the city of Hull. The HLC-led partnership is delivering 2 out of the 5 Multiply contracts that were tendered out by Hull City Council. These activities currently run until March 2025.

UKSPF Multiply East Riding (a, c, d)

HLC is leading a partnership of 5 community based VCSE partners who are delivering maths engagement activities across the East Riding of Yorkshire with a particular emphasis on Bridlington, Goole, and Holderness. The ER Multiply contract is annual (April-March) with potential to run until March 2025.

ERASMUS+ Independent People (b, ¢)

An 18-month ERASMUS+ strategic youth partnership funded by the EU, led by HLC with 2 partners: Karlstads Kommun (Sweden) and vzwaPart (Belgium). The project successfully concluded in June 2022. The collaboration project addressed "soft skills" gaps for young people, by producing 3 tangible results: a framework of 8 soft skills that are common to UK, Swedish, and Belgian youthwork contexts, a passport to help evidence the acquisition of soft skills, and a project website that contains open access soft skills training methodologies for use by youth workers, keyworkers, and tutors. www.independentpeople.sit

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Financial review

Our small surplus this year consolidates HLC's sound financial footing and our unrestricted reserves of £829,562 provides working capital to enable Trustees to plan with confidence for the next 2-3 years.

This year, HLC is reporting a surplus of £382. From a financial health perspective, HLC has robust sustainability and gearing ratings (no borrowings), with an unrestricted cash reserve position of £829,562.

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HUMBER LEARNING CONSORTIUM REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

STRATEGIC REPORT

Future Developments . The publication of local authority UK Shared Prosperity Fund investment plans in 2022-23 has provided some clarity about the UK domestic funding opportunities post-ESF. The picture in the Humber however has been mixed, with Hull and East Riding councils both keen on partnership approaches to programme delivery, whereas North and North-East Lincolnshire councils have taken a more fragmented approach to commissioning and procuring People & Skills activities, which limits partnership bidding opportunities. Nevertheless, HLC's success in bidding for Multiply and UKSPF contracts in Hull and East Riding provides a good platform for further bids and in the meantime, we will be maintaining a watching brief on the south bank, should anything materialise.

The government's decision in December 2022 to scrap the national traineeship programme was a major disappointment, however, with support from Hull City Council, HLC was able to make a successful case for access to the Study Programme from August 2023. This will enable us to continue delivery of “traineeship-style” programmes for disadvantaged young people. The new Study Programme is initially small, so HLC intends to use its own working capital to enable growth and development of the prograrame over the coming few years.

We were pleased to be one of only 55 learning providers nationally to gain an Adult Education Budget (AEB) contract ‘in the latest ESFA tendering round. This sizeable contract, along with the new Study Programme, places HLC firmly back in the mainstream-funded learning arena for the first time since 2017. These programmes are in scope for Ofsted, and we will be prioritising our Quality & Development activities to ensure we always remain "inspection-ready". We are also working towards accreditation for the new ESFA sub-contracting standard and expect to achieve this by October 2023.

The AEB success also positions us nicely in advance of the Hull & East Riding devolution deal, which is now moving at pace towards a mayoral combined authority in early-2025. This will mean that our area will have direct control over the AEB budget and commissioning processes, probably from 2026-27, which should benefit HLC, our partners, and the local community.

Beyond UKSPF and mainstream ESFA/DfE funding, we are focused on National Lottery opportunities, Youth Futures Foundation, and have recently commenced work with the Humberside Police & Crime Commissioners Office, which holds potential for the future.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Organisational structure

A board comprising six trustees is the current the accountable body for policy and oversight within the agreed framework set out in the Memorandum of Association.

The trustees meet quarterly to discuss and approve major decisions. The board of HLC has a Finance & General Purposes sub-group, which meets quarterly in advance of a full board meeting to scrutinise the financial and management accounts. A management team comprising a Chief Executive, Deputy Chief Executive, and Quality Director, oversees the day-to- day operations of the organisation. The Chief Executive also serves as the Company Secretary, The trustees seek to utilise a partnership approach in the development of strategy, which enables the whole staffteam to engagefor an awayin a day.consideration This ensuresof the thatissues the staffaffectingteam remainsthe organisation'sfully engaged anddirection. thatWe strategicmeet asdecisionsa whole ofgroupthe boardevery Januarybenefit from the expertise and operational experience of the employees. Responsibility for the day-to-day operations and implementation is subsequently taken by each individual member of staff, as appropriate to their level of responsibility.

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HUMBER LEARNING CONSORTIUM REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

Contractual Partnerships . Humber Learning Consortium utilises contractual partnerships to enable the delivery of a broad range of services in support of learning within the voluntary and community sector (VCS), In this context the organisation has worked very successfully with the Education & Skills Funding Agency, DWP, and National Lottery Community Fund. HLC also has a number of strategic alliances which support VCS learning; partners include Hull & East Yorkshire Local Enterprise Partnership, National Careers Service, Your Consortium Limited, and the 4 local authorities (Hull, East Riding of Yorkshire, North-East Lincolnshire, and North Lincolnshire).

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The Management Team in conjunction with Trustee representatives review the risks faced by the organisation. A risk register is held and reviewed periodically to assess changing risk factors. The main risks to the organisation considered as part of this strategy are as follows:

4, Personnel

  1. Teaching, Learning & Assessment

  2. Communications, Information Technology and MIS

7, Premises and facilities

  1. Marketing 9. Natural disaster

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number 04383779 (England and Wales)

Registered Charity number 1097333

Registered office 63-71 Anlaby Road Hull England East Yorkshire HU3 2LL

Trustees

C A Darnell G Betts Mrs L Benton P Nicholson . A Jonas M Jennings

Company Secretary

AD Crossland

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HUMBER LEARNING CONSORTIUM

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

REFERENCE AND ADMINISTRATIVE DETAILS Auditors .

Rackhams Accountants Limited Statutory Auditors 3 Melton Park Redcliff Road Melton East Yorkshire HUI4 3RS

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Humber Learning Consortium for the purposes of company law) are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view __theof theincomestate ofand affairsexpenditureof the charitableof the charitablecompanycompanyand of theforincomingthat period.resourcesIn preparingand applicationthose financial of resources,statements,includingthe trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

Following a procurement exercise Rackhams Accountants Limited were re-appointed by HLC trustees at the 2020 AGM for a 3-year period.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company par— A D Crossland - Secretary

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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF HUMBER LEARNING CONSORTIUM

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Opinion

We have audited the financial statements of Humber Learning Consortium (the ‘charitable company’) for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable Jaw and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit + evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to gomg concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections ofthis report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF HUMBER LEARNING CONSORTIUM

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concer, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF HUMBER LEARNING CONSORTIUM

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

As part of our planning process:

The key procedures we undertook to detect irregularities including fraud during the course of the audit included:

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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF HUMBER LEARNING CONSORTIUM

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements even though we have properly planned and performed our audit in accordance with auditing standards. The primary responsibility for the prevention and detection of irregularities and fraud rests with the directors.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

for and on behalf of Rackhams Accountants Limited

__Statutory Auditors

Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 3 Melton Park

Redcliff Road

Melton East Yorkshire HU14 3RS

21 September 2023

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STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

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||||||||| |---|---|---|---|---|---|---|---| |2023|2022| |Unrestricted|Restricted|Total|Total| |.|funds|funds|funds|funds| |Notes|£|£|£|£| |INCOME AND ENDOWMENTS|FROM| |Donations|and|legacies|2|i|(4)|(3)|4| |Charitable|activities|3| |Subcontracted|learning|758,734|4,090,873|4,849,607|5,018,494| |Total|758,735|4,090,869|4,849,604.|5,018,498| |EXPENDITURE ON| |Charitable|activities|4| |Subcontracted|learning|744,540|4,100,229|4,844,769|4,978,431| |Governance|4,453|-|4,453|4,495| |‘Total|748,993|4,100,229|4,849,222|4,982,926| |NET INCOME/EXPENDITURE)|9,742|(9,360)|382|35,572| |Transfers|between|funds|13|(42,779)|42,779|-|-| |Net movement|in|funds|(33,037)|33,419|382|35,572| |RECONCILIATION|OF FUNDS| |Total funds|brought forward|835,885|(6,705)|829,180|793,608| |TOTAL FUNDS CARRIED FORWARD|802,848|26,714|829,562|829,180|

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The notes form part of these financial statements

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HUMBER LEARNING CONSORTIUM

BALANCE SHEET

31 MARCH 2023

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||||||||| |---|---|---|---|---|---|---|---| |2023|2022| |Unrestricted|Restricted|Total|Total| |.|funds|funds|funds|funds| |Notes|£|£|£|£| |FIXED ASSETS| |Tangible|assets|10|15,041|-|15,041|19,737| |CURRENT ASSETS| |Debtors|1|702,362|-|702,362|970,585| |Cash|at bank and|in hand|1,132,090|26,718|1,158,808|1,001,422| |ee|————|——|ee| |1,834,452|26,718|1,861,170|1,972,007| |CREDITORS| |Amounts|falling due within one year|12|(1,046,649)|-|(1,046,649)|=|(1,162,564)| |NET CURRENT|ASSETS|787,803|26,718|814,521|809,443| || |TOTAL|ASSETS|LESS|CURRENT| |LIABILITIES|802,844|26,718|829,562|829,180| |NET ASSETS/(LIABILITIES)|802,844|26,718|829,562|829,180| |FUNDS|13| |Unrestricted|funds|802,844|835,885| |Restricted|funds|26,718|(6,705)| |TOTAL FUNDS|829,562|829,180|

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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.

The trustees acknowledge their responsibilities for

These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011.

The financial statements were approved by the Board of Trustees and authorised for issue on 21 September 2023 and were sigued on its behalf by:

The notes form part of these financial statements

continued...

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BALANCE SHEET- continued 31 MARCH 2023

L Benton - Trustee ‘ / ~

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The notes form part of these financial statements

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CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023

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|||||||| |---|---|---|---|---|---|---| |2023|2022| |Notes|£|£| |Cash|flows|from operating|activities| |Cash|generated|from operations|1|163,644|(601,993)| |Net cash provided|by/(used|in) operating|activities|163,644|(601,993)| |Cash|flows from investing|activities| |Purchase|of tangible|fixed|assets|(6,433)|(13,162)| |Sale|of tangible|fixed|assets|175|-| |Net cash used|in|investing|activities|(6,258)|(13,162)| |———|nN| |_‘theChangereporting in cash periodand cash|equivalents|in|157,386|(615,155)| |Cash|and|cash|equivalents|at|the| |beginning of the|reporting period|1,001,422|1,616,577| |Cash|and|cash|equivalents|at|the|end of| |the|reporting period|1,158,808|1,001,422|

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The notes form part of these financial statements

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HUMBER LEARNING CONSORTIUM

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023

1. RECONCILIATION OF NETINCOMETONETCASHFLOWFROMOPERATING RECONCILIATION OF NETINCOMETONETCASHFLOWFROMOPERATING OPERATING ACTIVITIES OPERATING ACTIVITIES
. 2023 2022
£ £
Netincome forthereporting period (as per theStatementofFinancial
Activities) 382 35,572
Adjustments for:
Depreciation charges 10,952 6,907
Decrease/(increase) indebtors 268,225 (609,079)
Decrease in creditors (115,915) (35,393)
Netcashprovidedby/(used in) operations 163,644 (601,993)
2. ANALYSISOFCHANGES INNETFUNDS
At 1.4.22 Cash flow At 31.3.23
. £ £ £
At 1.4.22 Cash flow At 31.3.23
£ £ £
Netcash
Cash atbank and inhand 1,001,422 157,386 1,158,808
1,001,422 157,386 1,158,808
Total 1,001,422 157,386 1,158,808

The notes form part of these financial statements

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HUMBER LEARNING CONSORTIUM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

  1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

;

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

Capital grants received are credited to a restricted fund against which the depreciation of the relevant asset is charged.

Items costing below £1,000 individually are not usually capitalised. An annual impairment review is carried out to ensure that all fixed assets still have a useful life.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

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HUMBER LEARNING CONSORTIUM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

|

2. DONATIONSAND LEGACIES DONATIONSAND LEGACIES . 2023 2022
£ £
Gifts (3) 4
3. INCOMEFROM CHARITABLE ACTIVITIES
2023 2022
Activity £ £
Service contracts,
subcontracted learningand
other income Subcontracted learning 4,849,607 5,018,494
4. CHARITABLEACTIVITIES COSTS
Support
Direct costs (see
: Costs - note 5) Totals
£ £ £
Subcontracted learning 4,675,935 168,834 4,844,769
Governance - 4,453 4,453
4,675,935 173,287 4,849,222
5. SUPPORT COSTS
Governance
Finance Other costs Totals
£ £ £ £
Subcontracted learning 144,040 24,794 - 168,834
Govemance - - 4,453 4,453
144,040 24,794 4,453 173,287
6. NET INCOME/EXPENDITURE)
Netincome/(expenditure) is stated after charging/(crediting):
2023 2022
£ £
Depreciation-ownedassets 10,954 6,907

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HUMBER LEARNING CONSORTIUM

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023

|

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees’ remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees' expenses

No expenses were paid to trustees in the current or prior year.

8.

STAFF COSTS

STAFF COSTS
2023 2022
£ £
Wages and salaries 1,091,528 1,066,825
Social security costs 98,297 91,677
Otherpension costs 111,388 108,629
1,301,213 1,267,131

The average monthly number of employees during the year was as follows:

2023 2022
CEO 1 1
SeniorManagement 2 2
Delivery staff 23 20
Administration 16 18
InformationTechnology 2 2
44 43
Thenumberofemployeeswhose employee benefits (excluding employerpension costs) exceeded£60,000 £60,000 was:
2023 2022
£60,001 -£70,000 2 1
£70,001 -£80,000 1 1
3 2
9. COMPARATIVESFORTHESTATEMENTOF FINANCIAL ACTIVITIES
Unrestricted
funds		 Restricted
funds		 Total
funds
£ £ £
INCOME ANDENDOWMENTSFROM
Donations and legacies - 4 4
Charitable activities
Subcontracted learning 680,623 4,337,871 5,018,494
Total 680,623 4,337,875 5,018,498
EXPENDITURE ON
Charitable activities
Subcontractedlearning 632,207 4,346,224 4,978,431

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

continued...

Page 20

HUMBER LEARNING CONSORTIUM

|

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023

9, COMPARATIVESFORTHESTATEMENTOF FINANCIALACTIVITIES - continued COMPARATIVESFORTHESTATEMENTOF FINANCIALACTIVITIES - continued COMPARATIVESFORTHESTATEMENTOF FINANCIALACTIVITIES - continued
: Unrestricted Restricted Total
funds funds funds
£ £ £
Governance 4,495 - 4,495
Total 636,702 4,346,224 4,982,926
NETINCOME/(EXPENDITURE) 43,921 (8,349) 35,572
Transfersbetweenfunds (14,900) 14,900 -
Netmovement in funds 29,021 6,551 35,572
RECONCILIATION OF FUNDS
Total funds broughtforward 806,861 (13,253) 793,608
TOTALFUNDSCARRIEDFORWARD 835,882 (6,702) 829,180
10. TANGIBLE FIXED ASSETS
Plant and
machinery
£
COST
At 1 April 2022 40,855
Additions 6,433
Disposals (527)
At 31 March2023 46,761
DEPRECIATION
At 1 April2022 21,118
Charge foryear 10,954
Eliminatedon disposal (352)
At 31 March 2023 31,720
NETBOOKVALUE
At31 March 2023 15,041
At31March2022 19,737

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HUMBER LEARNING CONSORTIUM

, , | | |

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

:

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |11.|DEBTORS:|AMOUNTS|FALLING|DUE WITHIN ONE|YEAR| |’|2023|2022| |£|£| |Trade|debtors|182,885|3,421| |Accrued|income|516,002|939,646| |Prepayments|3,475|2,732| |Deferred|expenses|-|24,786| |702,362|970,585| |12.|CREDITORS:|AMOUNTS|FALLING|DUE|WITHIN|ONE YEAR| |2023|2022| |£|£| |Trade|creditors|217,455|487,834| |Social|security and other taxes|(16)|592| |VAT|64,871|4,963| |Deferred|income|642,997|511,361| |Accrued|expenses|121,342|157,814| |1,046,649|1,162,564| |13.|MOVEMENT|IN FUNDS| |Net|Transfers| |movement|between|At| |At|1.4.22|in funds|funds|31.3.23| |£|£|£|£| |Unrestricted|funds| |General|fund|559,804|14,764|(101,213)|473,355| |Redundancy|reserve|139,941|-|22,788|162,729| |AEB|-|(24,941)|24,941|-| |Youth Hub|4,227|-|-|4,227| |CLLD|131,913|24,977|-|156,890| |Spot|Contracts|-|(10,705)|10,705|-| |Youth Hub|2|-|895|-|895| |Multiply|East Riding|-|4,527|-|4,527| |Youth|Futures|-|448|-|448| |Multiply Hull|-|(227)|-|(227)| |835,885|9,738|(42,779)|802,844| |Restricted|funds| |YEI ESF|Springboard|22,426|2,973|-|25,399| |This|Ability|2,359|(1,040)|-|1,319| |BBO|-|(14,024)|14,024|-| |Community|Grants|5|(31,490)|2,735|28,755|-| |(6,705)|(9,356)|42,779|26,718| |TOTAL FUNDS|829,180|382|-|829,562|

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HUMBER LEARNING CONSORTIUM

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023

13. MOVEMENT IN FUNDS- continued

Net movement in funds, included in the above are as follows:

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Incoming|Resources|Movement| |resources|expended|in|funds| |£|£|£| |Unrestricted|funds| |General|fund|3,839|10,925|14,764| |AEB|109,610|(134,551)|(24,941)| |Barbara Haigh Investment Fund|1,150|(1,150)|-| |CLLD|111,595|(86,618)|24,977| |Spot|Contracts|18,240|(28,945)|(10,705)| |Youth Hub|2|204,667|(203,772)|895| |Multiply East Riding|185,932|(181,405)|4,527| |Youth Futures|41,702|(41,254)|448| |Multiply Hull|82,000|(82,227)|(227)| |758,735|(748,997)|9,738| |Restricted|funds| |YEI ESF|Springboard|1,148,646|(1,145,673)|2,973| |This|Ability|826,441|(827,481)|(1,040)| |BBO|1,193,857|(1,207,881)|(14,024)| |Community|Grants|5|621,073|(618,338)|2,735| |Springboard|3|300,852|(300,852)|-| |4,090,869|(4,100,225)|(9,356)| |TOTAL FUNDS|4,849,604|(4,849,222)|382|

----- End of picture text -----

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HUMBER LEARNING CONSORTIUM

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023

: , |

13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

:

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Net|Transfers| |movement|between|At| |At|1.4.21|in funds|funds|31.3.22| |£|£|£|£| |Unrestricted|funds| |General|fund|565,208|32,931|(38,335)|559,804| |Redundancy|reserve|130,049|-|9,892|139,941| |AEB|“|(9,883)|9,883|-| |Youth Hub|107|4,120|-|4,227| |CLLD|108,723|23,190|-|131,913| |Spot Contracts|2,774|(6,316)|3,542|-| |Youth Hub 2|-|(118)|118|.| |806,861|43,924|(14,900)|835,885| |Restricted|funds| |YEI ESF|Springboard|16,451|5,975|-|22.426| |This|Ability|5,042|(2,683)|-|2,359| |BBO|3,196|(18,096)|14,900|-| |Community|Grants|5|(37,942)|6,452|-|(31,490)| |(13,253)|(8,352)|14,900|(6,705)| |TOTAL FUNDS|793,608|35,572|-|829,180| |Comparative net movement|in|funds,|included|in the above|are|as|follows:| |Incoming|Resources|Movement| |resources|expended|in|funds| |£|£|£| |Unrestricted|funds| |General|fund|18,703|14,228|32,931| |AEB|258,115|(267,998)|(9,883)| |Youth Hub|176,658|(172,538)|4,120| |Barbara Haigh Investment Fund|4,303|(4,303)|-| |CLLD|125,391|(102,201)|23,190| |Spot|Contracts|25,784|(32,100)|(6,316)| |Youth Hub|2|71,670|(71,788)|(118)| |680,624|(636,700)|43,924| |Restricted|fands| |YEI ESF|Springboard|1,435,552|(1,429,577)|5,975| |This|Ability|651,419|(654,102)|(2,683)| |BBO|1,168,014|(1,186,110)|(18,096)| |Community|Grants|5|1,051,527|(1,045,075)|6,452| |Springboard|3|31,362|(31,362)|-| |4,337,874|(4,346,226)|(8,352)| |TOTAL FUNDS|5,018,498|(4,982,926)|35,572|

----- End of picture text -----

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HUMBER LEARNING CONSORTIUM

|) |

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023

13. MOVEMENT IN FUNDS- continued

A current year 12 months and prior year 12 months combined position is as follows:

:

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Net|Transfers| |movement|between|At| |At|1.4.21|in|funds|funds|31.3.23| |£|£|£|£| |Unrestricted|funds| |General|fund|565,208|47,695|(139,548)|473,355| |Redundancy|reserve|130,049|-|32,680|162,729| |AEB|-|(34,824)|34,824|-| |Youth Hub|107|4,120|-|4,227| |CLLD|108,723|48,167|-|156,890| |Spot|Contracts|2,774|(17,021)|14,247|-| |Youth Hub|2|-|177|118|895| |Multiply East Riding|-|4,527|-|4,527| |Youth|Futures|-|448|-|448| |Multiply Hull|-|(227)|-|(227)| |806,861|53,662|(57,679)|802,844| |YEIRestricted ESF|Springboardfunds|;|16,451|8,948|-|25,399| |This|Ability|5,042|(3,723)|-|1,319| |BBO|3,196|(32,120)|28,924|-| |Community|Grants|5|(37,942)|9,187|28,755|-| |(13,253)|(17,708)|57,679|26,718| |TOTAL FUNDS|793,608|35,954|-|829,562|

----- End of picture text -----

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HUMBER LEARNING CONSORTIUM

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023

| } |

:

13. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Incoming|Resources|Movement| |resources|expended|in|funds| |£|£|£| |Unrestricted|funds| |General|fund|22,542|25,153|47,695| |AEB|367,725|(402,549)|(34,824)| |Youth Hub|176,658|(172,538)|4,120| |Barbara Haigh|Investment Fund|5,453|(5,453)|-| |CLLD|236,986|(188,819)|48,167| |Spot Contracts|44,024|(61,045)|(17,021)| |Youth Hub|2|276,337|(275,560)|777| |Multiply East Riding|185,932|(181,405)|4,527| |Youth Futures|41,702|(41,254)|448| |Multiply Hull|82,000|(82,227)|(227)| |1,439,359|(1,385,697)|53,662| |Restricted|funds| |YEI ESF|Springboard|2,584,198|(2,575,250)|8,948| |This|Ability|1,477,860|(1,481,583)|(3,723)| |BBO|2,361,871|(2,393,991)|(32,120)| |Community|Grants|5|1,672,600|(1,663,413)|9,187| |Springboard|3|332,214|(332,214)|~| |8,428,743|(8,446,451)|(17,708)| |TOTAL FUNDS|9,868,102|(9,832,148)|35,954|

----- End of picture text -----

  1. RELATED PARTY DISCLOSURES

The charitable company shares a mutual trustee with the Goodwin Development Trust. During the year payments were made by Humber Learning Consortium to Goodwin Development Trust amounting to £537,861 (2022 £504,765).

Page 26

HUMBER LEARNING CONSORTIUM

.

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

2023 2022
£ £
INCOMEANDENDOWMENTS
Donations and legacies
Gifts (3) 4
Charitable activities
Service contracts, subcontracted learning and
other income 4,849,607 5,018,494
Totalincoming resources 4,849,604 5,018,498
EXPENDITURE
Charitable activities
‘Wages 1,091,528 1,066,825
Social security 98,297 91,677
Pensions 111,388 108,629
Insurance 2,740 2,549
Event costs 5,948 90
External consultants 83,363 38,270
Training and trainers 7,839 4,805
ESFA communitygrants 547,550 943,646
Learnerbursarypayments 36,068 7,169
Subcontracted learning 2,680,262 2,572,540
Depreciation 10,952 6,907
4,675,935 4,843,107
Supportcosts
Finance
Sundries
Bank charges		 650
1,047		 5,516
1,045
Accomodation 66,630 49,672
Communication 32,751 34,476
Equipmentand resources 36,136 20,015
Organisationaldevelopment 6,826 10,622
144,040 121,346
Other
Staffexpenses 24,794 13,998
Bad debts - (20)
24,794 13,978
Governance costs
Legal fees 768 810
Carriedforward 768 810

This page does not form part of the statutory financial statements

Page 27

HUMBER LEARNING CONSORTIUM

, | |

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

----- Start of picture text -----
|||||| |---|---|---|---|---| |2023|2022| |£|£| |Governance|costs|.| |Brought|forward|,|768|810| |Auditors' remuneration|3,685|3,685| |4,453|4,495| |Total|resources|expended|4,849,222|4,982,926| |Net income|382|35,572|

----- End of picture text -----

This page does not form part of the statutory financial statements

Page 28