Charfty rgglstratlon number 1097333
Company reglstration number 04383779 IEngl8nd and Wal95)
HUMBER LEARNING CONSORTIUM
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

HUMBER LEARNING CONSORTIUM
LEGALAND ADMINISTRATIVE INFORMATION
Twstg0S
Mr P Nicholson
MrAJLThS
Mr M Jennwigs
Mr C A Damell
Mr G Betts
Mf8 L Benton
8écretsry
rA D Crosslarbj
Charlty numbor
1097333
Company number
04383779
R•g&tsrod offlcfj
6&71 Anlaby Road
Hull
England
Easlyorkshire
HU3 2LL
Audltor
Rad(hamsALwJntants Limited
3 Mellon Enterprise Pth
Reddiff Road
Melton
E85tYorkshire
England
HU14 3R$

HUMBER LEARNING CONSORTIUM
CONTENTS
Page
halrman's ststement
Trustees. rewrt
Statement of trustse5' respongbilities
Indep￿dent auditc¢s rewt
8-10
statement of financial 8dwitses
11
Balance sheet
12
Notes lo the finan￿al statements
14-23

HUMBER LEARNING CONSORTIUM
CHAIRMAN'S STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024
As I reported last year, 202&24 is the second of three 'crux' years for HLC. The end of European (ESF} funding in
2023, meant the closu￿ of HLC'S final 3 Eu-funded projects - Community Led.L(￿al Developm8nl {Jun823),
Building Better Opportunities lJune23), and Swingboard IDec231. This inevitabty resulted in several employees
seeking pastures new. and I would like lo thank them for their ￿r￿lt￿li(￿ to these successful projects, and lo HLC
In general.
Considerable senior management time and efvt was fowsed on bl(k￿bng and t￿SInesS dev81opment to mitigate
the loss of ESF fundirrfj. At the outset of 202&24, SMT and Trustees were basiTrJ financial forecasts on signiflcant
deficit scenari05. However. hard w(*t on Sever￿ lar￿ lyds ultimatdy paid off. and l am pleased to report that HLC
has made è surplus of £23.193 in 2023-24. i￿sIng reserves to £852,754.
DeskNle this succe$8. next year (2024-25) remains ch￿Ien91ThJ, e5peually as the fiJture of the UK Shared Prosperity
Fund remalns uncertain at the timo olwrrbro thB rewL
We werè pleased that HLC was one of onty 55 learning woviders nationally to be awarded an Adult Education
Budget contract by the ESFA n the 2023 prTr￿rement round. TINS means that HLC has re-enlered the mainstream
adult leaming market followng the goyernmert decisi￿ in 2019 to focus fiJnding on bbck grant del￿ererS Ilocgl
authorltias and c￿lleg&S). 11 also means HLC is wdl-F4ac8d any rel￿aTrI fvnding opportuniti&s arising from local
skills devolution and the Hull & East Y¢ykshire Maytsral Combined Aulhorty in 2026.
In December 2022 the govemm&nt anmunced the scrappmng of 1&18 trainéeships. a kèy feaiure of HLC'S
mainstream provigon and an IMp￿lant steppiro stone f￿ yjung Peg￿e into employTnenl and apprenliceshlps.
Thanks to effective lobbying by Hull Cty Counal in early-2023. HLC was awarded a small 16-18 Stu(ty Programme
contract by tXE lo éeliver "traineeship Style. provisKM. In 2023-24 this will support appr0￿MatelY 21 young people
(compored to 60+ on Iralneeshipsl. However. we have an opportunlty to grow this contract ye8r-on-y&ar. which we
intend to do in an incrementsl way, one that enthe5 HLC to devdop rts own and partr)ers' capacity kn dellver a new
type of provision- often aimed al young people vAth hTrgh needs and l ¢X education health care {EHCI plans.
A8 for other lj'dding su¢xe8ses in 2023-24, HLC ¥•￿ large UKSPF contrxts from Hull City Coundl and East Ridlng
of Yorkshire Counal lo deliver'Eyploring OpportuThtles' IEO). partneTsFNp-ba8ed empbymenl programmes aimed al
unemployed and e¢(￿Orn1¢allY Inactwe ￿￿pIe aged 16+ EO bullds on best practice and experience from
various ESF prt)Jrammes lè.g., Commurwty Grants. CLLD, BBO, and Springboard), which supported over 9,000+
beneficiaries befvdeen 2016 and 2023. As I vrrite there have been further successes thal wll impact on 2024-25 -
notably 3 new UKSPF partnerships in Hull- Exploring ErnpbyM￿rt. Exploring Volunteering, and Families Leaming
Together, more Multiply contracts in Hull and East Riding. and 'Goc(I to Go., a replacement for This-ANty, fund8d
by the National Lottery Communrty Fund fcf 2 years from Aprfl 2024.
hile there has been ry)n8iderable attentK)n and effcrt fcrf>Js&l this year on businw38 devthpmenl, we hav8 not lost
sight of our other strategic priorities, qu￿¢tY corrtract wrfOM*￿e. HLC has once again r&ained Matrix
{IAGI acueditation and was also awarded the ESFA Subcontracting Controls Standard. Both awards demonstrate
our ¢ommitment to developlng and supporung our 27 c<)mmunty*ased dèlivery partners.
2023.24 has perhaps been m￿a FKJsltive than we had antidpat&J. The trustees are tthmver mindful that the n8Xt
coupl8 of years remain a challenge, and we might need to draw upon some of our reserves to malnt8ln slabilty and
dèliver HLC'S d)arilaLle obj'ects. No￿n￿standing this, are confident that HLC'8 excellent contract delivery trad(
record, repLrtation stakeholders, staff team expertise, and robjst financial hea￿h (good reserves poslti¢M and
no extemal borrthMng8) wt us in strong going f0Th￿rd.
nn
Chalr of Trustsos
Date.. 19 Seplgmber 2024

HUMBER LEARNING CONSORTIUM
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present thelr annual repjrt and financial statements fcf the year end•J 31 March 2024.
The financial st81ements hav8 been prepared in aCC￿dance wrth thè aCt￿niIng pdicies sel out in note 1 to the
financial statements and compty wth the charrvs tgovemiThJ dLw)Jmentl. the Compan￿5 Act 20￿ and "Accounting
and Reporting by Charitles.. Slalemenl Df RerKJrnmended Practice aFvlicable to charities preparing Ihelr accounts In
accordan￿ ￿th the Finanual Rep¢)rtwig Standard applicable in the UK and Republic of Ireland IFRS
102). leffectNe 1 January 2019).
Objrtllves and activlti68
The charitable objects of HLC are to rKomote the adva￿ment of education fNlhe Publ￿ benefiL In parttcula
(al To improve a￿e$S to leaming opportun1b￿ f￿ uws, vduntews, and employees of volLmlary and communty
organi8adons In Humber and Yorkshire
(b} To d&v8lop voluntsry sedor leaming provid8rs to meet qualty thre5hokls arKI stakeholder requlremer)ts
{cl To devek)p a p8rtnerEhip approach to the delivery and development of ￿rn1r￿J oppothjnmies aThJ g&)d practice
{dl To cary out associated activibes
(el To promot6 the efficiency and effecttveness of eharitès, voiuntsry and eommunity groups based in the Humber
and Yarkshiro reglon by providing training oTrg¢irE support to increase their ability to ac¢*88 funding and
partlapate in th8 regeneration of thelr area.
Publlc bonem
HLC'S activities promote th8 advancam￿l of education for the public benefft. In shapillg our obledlves for the year
and planning our activith'es, the trustees have ￿￿d￿ed the Charity Commission's guidance on publlc benefit,
including spKific guidanco on fee charging.
Wo work wlth delivery partsws, the majority of which are local not-for-profft organisations, to dèliver a wde rang& of
accredited and non-accredited leaming oppothnts'es
HLC'S loaming provision is targeted al disadvantsged inthdual$ and oJmmunitie8. As a wsult. where wssibl8,
learrmng is provided free of tharge, or ai the lowest P0￿bIe cost to encl￿rage access and partldpallon.
From a broader pwspacbve, HLC'S aciwities help adu￿5 arKI young people within the YorkshSre and Humber region
to engage on a journey that leads lo further leaming and l or jci> opportunibe5. benefthng both Indlvidual, their
f8milies, and communile5.
Qualty assurance and imwovement prc(es5es are given a hwJh acTOS5 HLC and its partners natworks.
Guidance and training 8re regularfy provided to ensure thal delwery pathers and their staff memb8r8 meet th8
quality Ihresholés of funders and inspection tK)dies.
HLC Is ctynmitted to slrengthenlng voluntary and community ￿tor organisations to d81iver lèaming cpportunllles.
Our experience demonstrates that prL%noting the ddlvery of leaming ¢¥)portunilies in partnership with local and
trusted community groups help8 to engage thDse from the most disadvanlaged backgrwnds.

HUMBER LEARNING CONSORTIUM
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORD (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Achlevements and perforniance
Signrficant adiwities and achievamonls agairnst obiedives
Duriro 202>24 HLC has been atrAe to womot6 and ddiver teamiThJ oPp￿nI￿eS through the followng core
actiwties. gr￿ts, and contracts..
- Quallty and Dev8loFKnent
- t)fE 1&18 Study Programme
- ESFAAdull Educ2tion Budget
UKSPF Multitjy Hull
- UKSPF Mult[￿Y East Rlding
- UKSPF Exploring OpporbJnitie5 Hull
- UKSPF Explonng Opportunrties East Ridlng
ESFA18-18 Traineeships
- National Lottery Comm[￿lty Fund - Thi8vAtAlity Fxoje(*
- ESF l National LOtt￿Y Community Fund- Building Better opp￿nItIeS (BBO Humberl
ESF Springboard
- ESIF Hull Community-Led L(Kal DevelLwment {under Hull City Counc41, the aC£cyjntab￿ bcmlyi
Wth our partn￿S we hav8 delNerwJ a wide rarvJe of ￿amIng OW￿lUn1t1es to disadvarrtaged people. The contracts
and projects ara summaris8d below. The ktters in tnckets demon8trale wthich of HLC'S charitable obj.ects (See
above) ar8 belng met by a particular area of grant. or ¢L￿tr
Qualty 8nd Development (a. b, c. d, ej
Qualtty assuran￿ and Ihe devdopment of ￿ deliV￿Y partners is a driven by our commrimenl to continuous
improvem8nl. Supporting vdunlary sector ¢xganisations to lJeca)me high qualty learrring prowders 18 one of HLC'S
KKimary tharilaile obje￿S and one of our 3 strategic p￿rIties. HLC carries out a rarvJe of quajity and develorment
actiwties, induding..
- Regular 1-1 qualty and support viwls to partners
- Observations of teaching, learning, aNJ assossment {induding dual obseNalion8)
- Quallty Improvemanl Ne￿ork maethngs {&6 per academic yearl
- ￿￿gnated Safeguarding Officers neI￿k (4 per year)
- Conts'nuing professional dev&h)pment events
- Equalty & dtveAsity support. inc. E&D diartes and c&lendar5
- Leamer enrichment activiti&s
- Safeguarding & Prevent Duty support arKI adv￿6
E-safety audits
- Webinars
- Telephone advice, orFline meetings, 1-1 supwrL and virtual ne1w￿$
-A dedicated quality resources websle
- Matrlx IAG qu81ity as8urance t>)mpliance support
These activities help HLC to m8intan and strengthen c4Jr relats"onships ¥￿th partner organisation8. in lum helping
them to Ewli d thelr own capauty and deliver high quality leamlng opportunttses to our tsrget beneficiarles.
HLC continues lo demon81rate a strong commltment to quality improvement and vrds rated 'Good' by Of8t8d
Inspectors in June 2022. HLC has now been rated 'Gocrf In all rts inspections (2012, 2015, 2022). HLC holds the
Matrix intomiation, advi(*. and guid8nce quality standard. Cyber E5senlials a￿[@ditatiOn.
DE- 1&18 Study Progtsmme st8rt8dAugust 2023 (a, b. G ej
The Study Programme replaced cMJr previous 1&18 Traineeship rJ)ntra* Tr•then the nafjonal Tralneeshlps
wogramme was scrapped by the fomier Conservative govemment. Thrs is inilially a small annual ￿ntra￿ delivered
by 2 community-based partners. In 202&24 it wll wpport approximatdy 21 leamers in Hull & East Y(Kkshire. HLC
11 be seeking lo grow rt$ Study Programme delfvery in(xementally and carefully over the coming 2-3 academic
years lo develop and maintsin quality of pro￿510n.

HUMBER LEARNING CONSORTIUM
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 MARGH 2024
ESFA- Ailuli Education Budg8t- start8dAugust 2023 (a, b, o g)
HLC was one of only 55 training prO￿d￿$ nationally to bid successfully through thè 2023 ESFA AdLIt Educ2Oon
Budget IAEBI procurement exerase. The annual recurring AEB prog￿mMe supports adults aged 19+ offering a
range of fla￿ble accredited units and qualificalions that are designed lo progress indrwduals into employment,
further leaming, or career progression. In 2023-24 HLC wtyked wth 5 CL¥nmunty-based dellvery pathers in Hull &
East Riding to support 365 learners. We tnt￿ to grow out AEB proVI￿On gradually. addirTrg new partwrs and local
delivery over the next 2-3 years. AEB will be rebadged as Adult Sknlls Fund IASFI from August 2024 and will
eventually come under the llxal remit and &￿trol of the Hull & East Riding Mayoral Combined Authority (via
Devoludon} in summer 2026.
UKSPF MulfiplyHullNovembw20221o March 2025 (a, b. c. d. e)
Multiply is a national 3-year numeracy programme amed al adults aged 19+. 11 is frJnded through 8 20VA trjp slice of
the UK Shared Prosperity Fund {UKSPF} and is deslgned to Improve adults, numeracy sknlls by engaging them in
activities that develop their confidence wlh number5. HLC is leading a partnership of 4 community based VCSE
organisalions who are delivwing maths-based ¥tivib"es across the ctty of Hull. The HLC-led partrtership is
delivering 3 OLrt of the 5 Multiply contracis that tendered out by Hull City Counc41. These aeli￿tIeS ¢xrrentty run
until March 2025.
UKSPF Multipty East Rithng Nov8mber 2022 to ma￿ 2025 (a, c, dj
HLC is l&ading a partnership of 5 community based VCSE partners who are de1fverf￿ maths engagem8nt actiwlres
across the East RKJing of Yorf(shire with a parbojlar emthasis on Bridlington. Goole, and Holdemes& Th8 ER
Multiply Gontrart is annual (April-march) a￿1 has bean confirmed until Marth 2025.
UKSPF ExplotFng Opportunftles HullfnNnAprt 2023 tt> Math 2025 la, b. cj
Funded through UKSPF with Hull Cty Council as the ao))untat4e body, EO Hull is an HLC-led partnership prO1￿t
with 8 experienced Hull-based org8nisations It aims to supp￿1 ungmployed and e￿nomicallY Inacttve residents
with tha goal C*f progres&ng them into employment or futher learning or movirrfJ them doser to Ihe labour market.
The partnership provi¢Jes benoficiaries Y￿th 1-1 keyworker and a persgnalised programme of 8UPPOrt I￿lLIding
dedicated mental health and debt adw¢e seryices. The daltvery model builds upon best practice from our successful
CLLD, BBO, and Springboard programmes.
UKSPF Explonng Opportunit￿$ East R￿l￿g from August 2023 to March 2Q25 (a, b, G)
Funded through UKSPF wth E8St Rlding a5 Ihe accc4JntatJe boty. EO Ea$1 Rithng is an HLC4ed parthership
project wrth 8 experienced ER-based oryanisations It aims lo support unemployed and economically ina¢Xive
reSId￿lS with the goal of prOgres￿ng them into eM￿DYM￿l or futhgr leaming or moving them clow lo the labour
merkel. Th8 partnership provides benefici8ri8s 1-1 keyworker and a personalised progr8mme of support,
including dedlcaled marrtal health and debt adwce services. Tha delivery model builds uwn best practice from our
successful CLLD, BBO, and SprIng￿ard pr&3rammes.
ESFA- 16-18 Traineeships end July 2023 (a. G, d)
This was a mainstream ESFA corrtracl supportirrd young people aged 16-18 la package of maths. English, ICT skills
provision, employability thlls. and stnjctured work placements). In th& 2023-24 arademic year this wa8 replaced by
an allernalive DfE 1&18 Study Progr74nme (see above) Traineeships were scrapped by the former
Conservative govemment.
Nat￿n81 Lott@ry CommuntyFund- This-Ab¥ty ended M8r2024 (8. c. d)
'This-Abllltl was a 5-year project {January 2019 to Marth 2024} L))vering Hull and the East Riding. 11 supported
young peopl8 8ged 1&29 with hidden disabilities. kamiNJ difficumies, physic81 (Ilsabilities. and long-term hearth
conditions. This-Ability was purdy an 'intr) employTnenY project. At prciect dcise, This-Abillty had supported 218
young people. A 2-year follow-on PTc1￿￿ 'Good to Go. has been fvnded ty National Lottery CoMmun￿Y Fund via its
Reaching Communities programme.
ESF & Mat￿nal Lottory CommUn￿S Fund- Budding 8gtteropportunrf￿s (880 Humb94 andod Jun& 2023 (a, b, o)
HLC worked with 14 partner organisalions across the Humkr, including the 4 local authorit￿8. ￿1h a target to
support 1,882 ac(￿0Mlea1IY Inactive 180%) and Ur￿n￿OY8d indNiduals 120%), aged 25+. A total of 2,￿1
partiopants acG¢ssed the programme (106% of target). Al project dose. BBO had progressed 511 partiapant8
{25.5%1 into employment, 624 (31.2%) into fijrther leaming, aTrJ 308 {15.4%) intojob sear(* actwtties.

HUMBER LEARNING CONSORTIUM
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Springb08rd (ESF and NBli(Trnal Lottery Match Funding) ended December2023 (a, c, dj
Springboard w8s a £21 m programme12D16 to Dec 2023) 5uppth.ng ￿0￿0m￿allY ihactive and unemployed young
ople (aged 16-29) across the ryty of Hull and the East RKliffj. It also c4)verèd North and NOrt￿East Llncolnshire
up lo 2019. Springboard and Thi&Ability (see above) were cOMp￿Mentary projects from a match fundlng
perspeGtive. At projeci close SpringbrArd had engaged 5716 par￿.￿pants wth 41.3% gthng into furthw learnlngl
tralning or employment.
ESF/ERDF Huif o)mmunity-Led Loc81 D&volopmgnt (CILD) endedJune 2023 (8. b. o d. 8)
HLC acted as the Programme Management Organtsation IPMO) managing a £6.63m programme of ESF and ERDF
grants on behalf of Hull City Council (ac*"ng as the accountaLAe trxTrdyi. The grants enabled applicant organisallons
(grant ffjCiF¥¢ntsl to deliver employability and enterprise support activities to unemployed and econornically inath've
parbcipanls living in 4 hub areas, of Hull- West & Central. East, North and Orchard Path, and Bransholme. As the
PMO, HLC provided trjrnmunity engagement, promoted CLLD gmnls, coor(lin8ted grant rounds, and perftym8nce I
quality managed the successful grant reapients. At prwl cbse. CLLD had engaged 2.165 ESF partiapanls with
58.5% moving Into further leaThthng. ernplo￿nent, or acbve job searth.
Flnanclal revlaw
This year, HLC is rewrb.ng a surplus of £23,193 From a financi81 health perspectlve. HLC has rob￿1 sustainabiltty
and gearing ralings {Th) Ix)rrowr)gsl. an l￿res￿l￿d reseNe posibon of £852,754.
This yeals S￿r￿U5 consolidates HLC'S SLMJfKI fin8nclal f(MJting. and ow consldernble unrestricted reserves prowde
worlang c4)ltsl to enatAe Trustees lo plan th crmfid8nce for 2024-25.
Plans for fvturn p&rlods
Al the lime ol wriknng, th8 new Lat￿r government has not mad8 any announcements atXArt th8 futtjre of UKSPF
nding beyond March 2025. Cla¢ity on this 1$ uitscai because 23 partners organisaticfis are currenly delivering on
HLC'8 UKSPF pragrammos {in¢luding Multi￿y).
We were pleased to be ort of only 55 leaming prowders nationally lo gain an Adult Education Budget IAEB)
nlrad in tho 2023 ESFA tend8ring round. This £0.47m contrad, alorrfJ with our 18-18 Study Programme, places
HLC firnily back in the mainstream-funded leamiTrJ arena for the first lime since 2019. Both ￿ntraCt$ offer potential
perfomiance-ba5ed growth, and we wll be soeking lo develop these incrementalty over Ihe next 2-3 a¢ademl¢
yaars.
The AEB wGcess also wsilions us in atharKe of Ihe Hull & East Ri(tirwJ devolution deal, whiGh is movlng al
pace towards a mayoral cornbined authority in eaty-2025. This wll mean that our area will hav8 dired control over
fhe AEB budget and commissi¢ning pr￿esseS. Wobal￿Y from 2026-27, whith Strp￿d tenefft HLC. our pathers, and
the Ioc81 communlty.
Strncturej governance and management
The charity is controlled by its goveming dcrt)Jmatt. a deed ol tw81. arxl constilules a limtted company, limtt8d by
guarantee, as defined by the compan￿ Ad 2006.
The trustees. who are also the directors for the purp￿ of cwipany kn, and who sérved durfng the year and up to
th& dale of signature of the financi￿ stat8ments wer8:
Mr P Nicholson
A Jonas
Mr M Jenning8
Mr CADamell
Mr G Betts
Mts L Benton

HUMBER LEARNING CONSORTIUM
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
OrganisatK)nal stnjcture
A board comprising six trustees is the curront the accountable body for policy and overslght within the agreed
framework sel out in the Memorandum ofAss0c￿tIOn.
The trustees me8t quarterly lo dI￿U$$ and aN)rove major de￿stonS. The trfjard of HLC has a Finance & General
Purposes SU￿groUp, which meets in advance of a fiJll board meeting to scruunisè the financial and managemenl
accounts. A management team comprising a Chief Execubve, Deputy Chief Exe(yJttve. and Quality Director.
overse8S the day4￿ day operations of the organisation. Thè Chief E￿Utive al80 seNes as the Company
Secretary.
The Iruslees seek lo uttli8e a partnership approach in Ihe develcynent of strategy. enables th& whole staff
team lo engage in and dis￿$$ issues affecting the ￿ganiSation. We meet as a whole group every January for an
away day. This ensures that the staff team remalns fvlly errfJaged and that stratègic decisions of the tKJard benefit
from the expertise and operational experience of all empk)yees. Respgnsibility for the day-to-day operations and
implementat￿n is subsequenly taken ty each individual member of staff. as apProt￿"8te lo their level of
responsibility-
ContsctU81 Pathershws
Humber Leamlng Consorbum utilis8$ ¢￿tra(￿U81 parb)ershlps to enaNe Ihe ddivery of a broad range of services in
support of leaming within the voluntary ar)d eommunty 8ector (VCSI. In ihis conl8Xt the organisation has worke(I
very succ88sfully with th8 Education & Skills Fundiro Agency. Department for Education IDfEI, Nath'onal Lottery
Community Fund, Hull Cty Counal {UKSPF & 14lultip4y). and East RidirKJ of Yorkshire Counul (UKSPF & Muttiply).
HLC also has strategic alliantss whid) support VCS ￿ing. parthers indud8 Hull & East Yorkshir& Buslness
Growth & Skills Hub {form8rfy HEY LEP), and the National Careers Servi￿.
Risk manag6m8nt
The Iruslees have a duty to identify and revitrw the risks to vthith the tharlty Is exFosod and lo ￿sure appropriate
controls a￿ In place to provide reasonable assuran￿ againsi fraud and error.
The management toam in conjunC￿n wth trustee reWeS￿￿￿'veS rev￿ the Tisks faced by the organlsaUon. A ri8k
register Is hBld and revi8wed periodically to assess changirKJ risk f&#ors. The main risks to the organisalion
Considered as part of this strategy are as follows".
1. Corporatelstrategic F￿￿Or3
2. Govemance and Manag￿nt
3. Financial
4. Personnel
5. Teaching, Learning &Assessmenl
6. Communlcations, Infornation Tethndogy and MIS
7. Prerni8es and fadllti88
8. Marketing
9. Natural disaster
Audltor
Following a wo¢ur¢ment exeKase Rackhams Accountants limited re-apwinted by HLC trustees at the 2023 AGM
for a 3-ye8r period.
The Irustses, rewt was approved by the 803rd ofTrustees.
MrADCr
land
C$￿￿
19 S¢plember 2024

HUMBER LEARNING CONSORTIUM
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
Th8 tnJstee5. who are 8150 the direclors of Humber LeamiThJ cl￿S0r11uM for the purpose of ￿rnpanY law, are
respon￿ble for preparing the Tnjstees, Report and the financkal statements in aCcOrdar￿ with applicable law and
United KingdomAccounling Standards {United Kingd(Yn GeneraltyAccepted Aceounling Practice).
Company Law requires the toJst8es lo prepare finanLial statements for eath financid year which gwe a and falr
ew of the state of affairs of the d￿rity and of the ineoming re8ourtÈs and aEvlication of resour￿s, including the
income and expÈnditur8, of the charttable oJmp8ry for that year.
In prepartng theso finanual statements. the tnjslees are required to..
- select suitable accountlng potiaes and then them ￿nsISten11y",
- observe the methods arKI principles in the Charities SORP.
- mak8judgements and estlmates that are reasonable and prudert.
stste whether applical￿e VK AtCOLmtiro Stsrwjards have been fdk)wed. subl&a to any matertal departures
disdosed and explained in the financial StsI￿nts.. and
- prepare the financial statements on the gcmro c￿ceM bask8 unless it is inappropriate to pr68UTh that th8 charity
will o)nlinue in operatv)n.
The trustees a￿ respon81ble for keeping 8dewale accountww records that di8cJose with reasonable accuraty al
any time the ffinatKial position of the charity and erAble them to ensure U￿t the ffinancial statam8nts comply wlh the
ompanies Act 2006. They are al80 responsiiAe for safeguarding the assets of th8 (*arity and hence for takin
reasonable steps for the prevention atvj detection of fraLbJ and other irregularilies.

HUMBER LEARNING CONSORTIUM
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF HUMBER LEARNING CONSORTIUM
Oplnlon
W8 have audited the finanaal ststements of Humber Leaming Consortium (the 'charity'l for the year ended 31
March 2024 which comprise the sl*ement of financial ac*iwbes. Ihe balance sh*t, the statement ofcash flows and
n¢Aes lo the financial statemènts, induding ￿gnIfi￿nt aLxounting policies. The financial reportlng framewofk thal
has b@en applied ¥i their preparation is applvble law and Unilèd lfj'ngdom Accounting Standards, induding
Financial Reporting Standard 102 Thg Financial ReportKw Standard opplKabl& in the UK &nd Ropublic of Irelan
(United Kingthm Generally Accepted Accounling Pracbce).
In our opinN)n, the finanaal sL*ements'.
give a true and falr Mew of the state of the tharitable r￿mpanY3 affairs as at 31 Marth 2024 and of its
incoming resources and applicati￿ of resources. for the year then ended..
h8ve been prwerlv prepared in accordance United Kingdom Genèrally AcL*pled A￿nting Practi￿.
and
h8ve been prepared in accordance with the requirements ofthe Companth Act 2006.
Bos18 for oplnlon
conducted our audit in accordance wtm Intemational Stsndards on Audthng (UK) IISAS (UK)) and appli￿ble
law. Our responsibilliies under those standards are lurther desLYll￿d in the Auditorfs respon&biliti8s lor the audit ol
th8 finan￿al st8ten￿￿S secticfi of our report. We are in(kpendent of the cha￿ty in accordance with thè ethical
requlrements that are relevant to tsjr audit of the finanaal stalements in the UK, ir￿lUding the FRC'S Ethical
Stsndard, and we have fu￿l￿d our other ethScal resFMM￿bll￿ieS in aC￿rdance ￿ these ￿quireMerrts. We believe
that the audit evidence we have obtained is sufficient and awropriale to provKl8 a bays for our opinion.
Concluslons relatlng to going concarn
In aud￿'ng the financial statements, we have cc*)duded that th8 InAste8s' use of the goir4J wn¢em basis of
aCcoun￿ng in the p￿ParatIon of the financial statements 18 apFYo[K￿Ie.
Based on the ￿￿rk we have perfomwj. we have not identified any material uncwtsinbes rdating to events or
omdilions that, indiwdualty or collectively, may cast signrficanl doubt on the tharit￿s ability to continue as a golng
CA￿cern 8 period of at least tsyelve mothhs from when the financial statements are authorised for Issue.
Our reSp￿sItH11tioS and the responsiLMlities of the trustees vAth re8p&# to g￿n9 concem ar8 éescribed in the
r61evant 8eclion$ of this report.
Oth¢r Infomiatlon
The other infomiation ￿mp￿s@S Ihe infixmation included in th2 annual report other than the finar￿la1 slalemenis
and cmjr audlloff s report thoreon. The Irustees are reswnsi￿e for the other Infomiauon contsined within the annual
report. Our opinion on th8 financial statements does not La)ver the other infomiatior) and we do not express any form
of assurance cOnclu￿on thereon. Our respon￿bIlIty is to rèad the other irrformation and. in ckning so, consider
ether the other information is m*erially inconsistent Imth the finan￿al ststemenls or our knovAedge obtained in
the course of the audit, or olheNse Op￿arS lo be mat￿lalIY misstated. If we identfy suth matedal inconsislencie$
or apparent material misstatements. we are reqLMred to determine whether this give5 ri$e to 8 maletial misstatemgnt
In the financial statements themselves. If, based on th8 V￿rk we have performed. we wndude tt)at there is a
materlal misstatement of this other inf0miat1c￿. we are requiryl lo rep)rt tral fact.
have nothing to rep￿1 In this regard.
Matters on whlch we are requlred to report by exceptlon
We have nothing to report In re$peet of the follo￿n9 matters in relat￿)n to whith the Charities (Accounts and
Reports) R8gulations 2008 require us to report to you W. In our O￿nIon..
the information given in the finan￿81 statemenis is inconsislenl In any material respect with Ihe trustees,
report., or
sufficient accounting records have not been kept or
the financial siatements are not In agreement with the accounting records" or
we ttave not received all the infomiation and explanations we require for our audit.

HUMBER LEARNING CONSORTIUM
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF HUMBER LEARNING CONSORTIUM
Responsiblllties of trustees
As explalned more fully in the statement of trustees. responsibil￿e$, the tnJsta8s. are also the dIr￿lo[S of the
charity for the purpose of company law: are resp￿SIble for the preparation of the finaneial Statements and for being
satisfied that they give a true and fair view, and frx such ￿ternal ￿￿trol as the trustees delemiine is necessary to
enable the preparation of financial statements Ihat are free material misstatement, whethèr due lo fraud or
error. In preparing thè finane4al statements, the trustees a￿ responsible for assessing the charity's abilty I
Contin￿ as a going concern. disclosing. as apyuble: matters related lo going wnc8m and using the going
concem basis of acojunting unless the tr￿Ste0$ intend to liquKlate the charitable compary or to cease
operations. or have no realis￿¢ alternatwe but to do so.
Auditorfs responslbllltles for the audlt of the flnanclal statements
We have been appointed as auditor under section 144 of the Charities Acl 2011 aNI rep￿ in accordance wth thé
Act and relevant regulations made or having eff￿1 thereunder.
Our oblediv8S are to obtain reasonable assurdnce about WI￿81 the finarKial statements as a Who￿ are free from
material misstateM8nl, vthelher due to fraud LY errcf. and lo issue an audilorfs report that includes our opinion.
Reasonable aSSurar￿ is a hvJh levd of assurance but is not a gu8rantso that an audit conducted In accordance
wlth ISAS IUKI will always detect a material rn15Stalement when f( exists. Misstatements can arise from fraud c
error and are considered material rf, indiyidualty or in the aggregat8. they could reasonably be expec*ed to infiu8nc8
the economic decisions of user5 taken on the basls of th8se firkgncial sta18ments.
Th8 exient to whlch ¢￿r wocedures are of detedlng Irregularitles, Indudlro fra￿J, is detalled below.
As part of wr plannlng proc488:
We enqulred of management ts systems contrL45 the company has in place. in the areas of the
financAal Statements that are mosuy suscepb'tAe io the nsk of irregulariues fraud, and whèther there
was any known, svspecled, or alleged fraud.
We obtalned ar) understanding of the legal and regulatory frameworks applicable lo the company and we
delemlned that the followng w¥e most re￿vanl FRS 102. Companies Act 2006, Health and Safety at
INorkAci Employm8nl Law.
considered the incentives and OPFOrtunilie5 that e￿51 in the company, including the extent of
rnanagemonl bias, which present a potential for IrreguLgrities and fraud to b& wrpetraled, and tsllued our
risk assessment acrA)rdingly.
Using our kno￿edge of the comparry. togetrÉr wtth the disc#Jssions hdd ￿ryth the rnmpany at the planning
stage. we formed a condusion on the risk of misstatement due Io itTegularikn85, including fraud, and lallored
our procedures according to trus risk assessment.

HUMBER LEARNING CONSORTIUM
INDEPENDENT AUDITOR'S REPORT (CONTINUEDI
TO THE TRUSTEES OF HUMBER LEARNING CONSORTIUM
The key procedures we und8rtook to detect irregularttles InclLvJing fraud durlng the course of the audit irKluded'.
Identifying and testing journal entries and the overall ac£c4Jnting r￿rds. In particular. we tested rtems that
were slgnificant and unusual.
Remowing the finanaal statement dlsdosures and detemiining ￿rt￿er accounting poliaes hav8 been
appropriately applied.
Reviewing and challenging the assumptions and judgements used by managemant in their signifi¢orrt
accounting estimates. In parbcular. we considered gc4ng ￿nCeM and impaimenl of trade debtors.
Assessing the extent of compliarKe, or W of, with Ihe rd8vant18ws and regulations.
Testing key revenue lines.
Perfomiing physical verification of key assets.
Obtaining third party confimiation of mat￿1a1 ba18fK*S.
Documerrting and verifyirYJ 811 ￿9[￿riCant related party b￿anCeS and transac￿nS.
Reviewng d￿mentatiOn such as the company ￿ard minutes, correswjndence soliGitors, for
discussi¢)ns of irregularit'es induding fraud.
(*4ing to the inherent limitations of an aLbJit. there is an unavoidable risk that we may not have detected some
material misstatements in the finan¢¥al slotements even thwgh have t￿￿erIY planned and p8rfomi&l our audit
in accordance with auditing standards. The primary responsitxlty for Ihe prevention and detection of irregularities
and fraud rests With thè drectCf8..
A further description of our responsibilities is available on the Financial Repx)rting.Coun(xl's vMbsite at.. https'.11
vMw.frc.org.uklaudlorsresponsikn'likbes. This desuiption fomis part of auditotrs raport.
Use of our report
This report is made sdely to the compatys mem￿￿5. as a bcxty, in accordance with 5e¢tion 391 of the Companie8
Act 2014. Our audll work has been undertaken so that ￿ M￿h1 slate to th8 companls members those matters we
are ￿quired to stale to them In an wdilorfs report and for no other wrpose. To the fijllest extent permitted by law,
wè do not accept or assume responsibllty to anyong other than the company and the compan*s members as a
body. fLY our audit wort(. for this rekm or for the opinions ￿ hav8 formed.
Mr Trevor Rackham FGCA (Sonlor Statutory Audllor)
for and on behalf of Rackhams A¢countsnts Umlted
19 September 2024
Chartered Certlfted Accountants
stalutory Audltor
3 Metton Enterprise Pat1<
Redcliff Road
Melton
East Ytykshi
Eryland
HU14 3RS
Rackhams Accountsnts Limited 18 ell￿bI& for a￿￿iDts￿enI 8s auditor of lh& charity by virtue of its ellglbllty for
appolnlm￿t as auditor of a company under Secticfi 1212 of the CompaniesAct 2006.
10-

HUMBER LEARNING CONSORTIUM
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOMEAND EXPENDITUREACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Total Unrostrfclgd Rgstrlcted
funds
lunds
2023
2023
Total
fvnds
2024
funds
2024
2024
2023
Incomefrom:
Charitable actiw￿e#
Investments
747.346 3.934,780 4,682.128
5.108
5,108
758,733 4,090,873 4.849.606
Total Income
752,454 3,934.780 4.687.234
758.733 4.090,873 4,849,606
Expendlturè on:
Charitable activities
826,798 3.837.243 4.664.041
748.995 4.100.229 4.849,224
Totsl expendlture
826,798 3,837,243 4.ee4.041
748,995 4,100.229 4,849.224
Not 1ncomg118xp8ndlture
(74,3441
97.537
23.193
9,738
(9,356)
Transfers between
funds
124,449
(124.449)
{42,7791
42,779
Net movement In
funds
50.105
(26.912)
23.193
{33.0411
33.423
382
Reconclllatlon of funds:
Fund balances al 1 Aprll 2023
802.844
26.717
a29.￿1
835.885
{6,706)
829,179
Fund balanGès #t 31 MarGh
2024
852,949
(1951
852,754
802,844
26,717
829,561
The statement of financial actmties includes all galns 8ThJ losses recognLs&l In U)e ya8r. All 1￿me and expendlbjre
derive from canfjnulng acuvilies.
11

HUMBER LEARNING CONSORTIUM
BALANCE SHEEr
ASAT31 MARCH2024
2024
2023
Notes
Fixed 8ssets
Tangible assets
11
5.614
15,042
Curront a8sets
Debtors
Cash at bank and In hand
12
699.453
995.467
702,361
1,158,807
1.694.920
1.861,168
Credltorn.. amounts falllng due wlthln
one year
13
(847.7801
(1.046,649)
Net cuffent assets
847,140
814.519
Totsl assets les8 current Ilabilttias
852,754
829.561
The frjnds of the charfty
Restricted incorne funds
Unrestrfcted fvnds
16
17
(1951
852,949
26.717
802,844
852.754
829.561
Tre company is enlit18d lo th8 exemption from the audrt requirement contalned In 8ecUon 477 of the C¢ynpanles Act
2006, for the year ervjed 31 Marth 2024. altlbxoh an audit has been carried out under section 144 of the Charftie8
Act2011.
The directors acknowledge their responsbllities f￿ comywrBJ with the requirements of the Companies Act 2008
with resp￿1 lo accounting records and the preparation of finarrial statements.
The members have not required the compaw to obtaln an audit of ils financial slat8ments under the requlrements
of Ihg Companie5 Act 20Cfj, for the year in questts)n in afx¢ydance secticm 476.
These financEal sialemenls have been prepared In a￿OrdanCe with the ap￿leable to compani8s subject
to the small companies regime.
The fina￿￿al statements were approved by Iha trustees on 19 September 2024
Mrs L Benton
Trustoè
Company regislratlon number 04383779 (England and Vl&les)
12-

HUMBER LEARNING CONSORTIUM
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Cash flo*% from operatlng actlvltles
Cash (absorbed byllgeneraled from
operations
20
1168.448)
163.643
Investlng actlvltle5
Purchase of tsngible fixed assets
PrcKeeds from disposal of tangible fixed
assets
Investrnenl income received
16.433)
175
5,108
Net ca$h generated froml{u8ed In
Invesllng actlvltles
5.10B
(6.258)
Not cash used In financlng a¢￿VI￿e$
Net Ido¢reaseylncraase In cash and cash
equlvalents
{163.340)
157,385
Cash and cash equlvalents at t*glnning of year
1.158.807
1.001,422
Cash and cash équlvalents at ond of y8ar
995.467
1,158,807
13-

HUMBER LEARNING CONSORTIUM
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollcles
Charlty Informatlon
Humber Leaming Consiybum is a wivate eompary Ihnited by guarantee incOr￿r8t8d in England and ￿les.
The registered offi(x is 6&71 Antaby Road. Hull, England. Easl Yortshire. HU3 2LL.
1.1 Aecountlng convenllon
The finanaal statements have been prepared Sn acLX)rdanc£ the charivs tgoveming documenll, the
Companies Aci 2006, FRS 102 The Financial Rewrttng Stsndard applit%b￿ in the UK and Republic of
Ireland. l°FRS 102.) and the Charitles SORP "Acc#)untiThJ and Rewrting ty Chariti8s.' Statement ol
Recommended Practice applicable to charities weparfng accounts in accordan￿ wlh the Flnandal
Reporung Standard applicable in thè UK and Republic of Ireland (FRS 102)" leffe¢tfv& 1 January 20191. The
charity 18 a Public Be￿rit Entity as defined by FRS 102.
The charity has taken advantage of the promsions in the SORP for th8rities not to prepare a Statanenl of
Cash Flow8.
The finanaal statements a￿ pr8p8red in sterfing, sknich is the functbjnal currency of the tharity. Mo￿tary
amounts in these firwicial statements are rouThJ8d to the nearest £.
The finanaal statements have b*n prepar8d uThler tho historical cost Gonvenlion, Imodified to include the
rev81uation of freehold proparbès arKI to Indude investment propeTti8s aTrJ C8￿n financial i[￿r￿￿entS at fair
valuel. The winLapal accounting policies adopted arg set OLrt telow.
1.2 Golng concgrn
Al the b'me of apwowng the financtal statements. Ihe tnjstees have a reasonable expe¢tation that charity
has adequate resources lo eontlnue in Operation￿ e￿$￿nce for tho fwsgeabl? fvture. Thus the tr￿te8S
continLJQ to adopt the going concern basis of acCO￿￿n9 in prepariTrJ the finanryal statements.
1.3 Charftable lunds
Unrestricted funds are available at the disrydion of the trustees In fvrtherance of their charitsbl&
o*'ectives.
Re5triclBd fvnds are sut4'ec* to Spe￿ ¢￿diti￿n5 by (* grantors as lo h¢)w th8y may be used. The
purw$es and usas of the restricted funds are sel ¢yJt in the noies to the financAal statements.
Endowment fvnds are subject to 8w2fic cOnditi￿S by dcrfws that the carltal must be malnlained by the
¢harfty.
1.4 InGome
Income Is recognlsed lthen the tharity is kgalty ents'tled to il after any perf0m￿nCe c#)nditksns have been meL
the amounts can be measured rella1￿y. and f( is pr￿e thai incM* wlll b¢ r￿1Ved.
Cash donallons are re¢ognised on r8c8ipL Olher donalions are recognised once tha charfty has been notrfied
of the donatlon, unless perf0mian￿ conditions rewire deferral ol the amount. Income tax r8cov8rable in
relation to donations receiv&J under &ft Aid or d8eds of covenant is recognised ot the tlme of the donation.
Legacies are reeognised on recelpt or OtheTh￿se rf the tharity has be8n notifigd of an impendlng d￿rIbUtiOn,
the amount is known, and recelpl is expect￿. 11 the ￿nO￿nt is not kn¢)wn, the legacy Is treated as
C￿lIngent asseL
14-

HUMBER LEARNING CONSORTIUM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accoundng FK*llcl•s
(Contlnuad)
1.$ Expendlture
Expenditure is recognised once ther& is a legal ￿ constnKaTrrn obligat￿n to transfer economic ben8fit to a
third party. It is probable Ihat a transfer of economic benefits will be required in settlement, and the amount of
the d)ligatiDn can b@ measureil reliably.
Exp￿rtUre is classified by a¢tMty. The costs of eath activty are made up of the total of dIr￿t costs and
shar8d ￿Sts, including support costs involved in undertakiro each actmty. Direct costs attributable to a single
activity are allocated directly lo that activty- Shared costs whith contribute lo more than one activity and
support costs which are not attributable to a single actmty are apFOrtioned bewn those a¢tivilies gn a basis
consistent with the use of resources. Central staff costs are allocated on the basis of lime spent, and
depreciation tharges are all¢xaled ￿ the portlon of the assevs use.
1.6 Tanglble fixed assets
Tangible fixed assets are initially measured at cost and subwuenty measured at cost or valuation. nel ot
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or ValUat￿)n of assets less their re8idual values over their
useful lives on the following bases..
Plant a￿1 eq￿Pment
3 Yea￿ on cost
The gain or1088 ari8iThJ ¢)n the disposal of an assei Is detemina as tho drfference betsbeen thè sale proceeds
and the Ca￿ng value of the asse( and Is recognt8ed In the Stat&n￿rt of financial aotivities.
1.7 Impairnient of fixed assets
At each reporting end dete, the tharity reviews fhe carryirBJ amounls of its tsngible assets to determine
whether there is any indication that thos8 assets have suffered an impaimient loss. If any Such indicats'on
exists, the recoverable amount of Ihe asset is estimated in order lo detemiln8 the extent of the impaiment
loss Irf ony).
1.8 Cash and cash 9qulval8nts
Cash and cash equivalents indude cash in hand. dwsits ￿ld al call ￿th banks, other short-tem liquld
investments with original maturities of three mMths LY less. and bank overdrafts. Bank overdrafts are shown
wtthin borrowlngs in current liabilittes.
1.9 Flnanclal Instruments
The charity has elected to apply the prwsions of Se(*on 11 'Ba%c Financial Inslrum8nts' and Section 12
'Other Flnanclal Instruments Issues. of FRS 102 to all of its finarKial instruments.
Finan￿al instruments are rec(oniwJ in the charivs baLgnce sheet when Ihe charity becomes party lo tre
contrathal provisions of the instrument.
Finanual assets and liabilhies are offset. Ihe net amwnts presented kn the finandal statem8nts, when
there is a legally enfOr￿able right to sei off the recy)gnised amount8 and there 18 an intention to Settle on a net
basls or to realise the asset atKI setde the liakn'lity &muManeously.
8asic Ilnaoclal assets
Basic finandal assets, whlch indude debtors and L*sh and bank balan￿$. are initially measured at
transaclion price including transaclion costs and are 5ubsequentty carried at amorbs8d cost using the effedive
interest method ￿lesS the arrangement constilule$ a finan(ing transaction, where the transa¢tion 1$
measured at the wesent valu& of the ftrture receipts discounted at a market rat8 of int8rast. FinanGial assets
dassifi￿j as receivable wthin one year are rK)t amortBed.
15-

HUMBER LEARNING CONSORTIUM
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting polScles
Iconllnuedl
Baslc flnanclal Ilabllltigs
Basic financial liabiltties, induding c￿d￿0[$ arKI bank loans ar8 initially recK)gnIS￿ at transaction prfce unless
the arrangement Cr￿stIlU1eS a finanting transact￿n. %there Ihe dobt instrument is measured al the present
value of the fijture payThents 1th8counted at a market rate of intsrest Financial liabilrties Glassified as payats4e
within one y8ar are not amortlwj.
Debt instruments are subsequentty ￿rried at an)orbsed cost, using the effective interest rdle method.
Trade credIt￿$ a￿ obligations to pay goods or swvices that have been acquired in the ordIn￿￿ course of
operations from suppliers. Amounts payable are dassified as current liabil[t￿S if payrnent is due wllhln one
year or less. If not, they are presented as ￿n-current Ikgbilities. Trade ¢xeditors are racognised inrtially at
transaction price and SubS￿ue￿llY measured at amorbsed cost using the effec*ive interest method.
Derecognltlon of financial liabilities
Financial liabilities are derecognised when the tharity's ￿tractha1 o￿lg￿.0nS ewre or are d18charged or
C8ncelled.
1.10 Employee benefits
The cost of any unused holiday entÉUemerrt is re(wrosed in the ￿nc•Y in which the employee's services are
received.
Temiination benefits are recognis&Y immediately as an exwise when the tharty Is demnstrably committed
lo terminate tha employment of an employee or lo prwdo termination benefits.
1.11 Retlrement bgn8flts
Payments to defined contrtbutkn retiremert benefft sc*emes are charged as an expense as they fall du8.
Crftlcal accountlng estlmates and Judgements
In the application of the chaftty's accounting poliues. the trustees are required to make judgem￿ts, estimatès
and 8S￿MplICns about the caryiw amount of assets and liabilitie5 that are not readi￿ apparent from gtr$r
sourcey. The estimates and associated assumptions are b05ed on hIs￿￿tal experience and oth8r factrKs that
are con81dered to k relevant. Actual results may drffer from these estimates.
Th¢ asb'mates 8nd undertylng as8umW"(￿s are rewewed ¢)n an ongoing basis. Revi$lor)8 to accounting
g$1imate5 are rewgnised in the perithl In vthich the estimate is revised where the r8wsion affects (￿lY thal
pericMJ. or in the p8riod of the rewsion and future pericrfls ￿ere Ihe revision affects both ¢urrent and fvtur8
periods.
Income from charttable actlvltles
Unrestrlcted Restrlct¢d
funds
funds
2024
2024
Tolal Unrestrlcted Restrlcted
ndg
funds
2023
2023
Total
2024
2023
Subcontractedlgamlng
Serwce$ provÈded urKler
contract
747,348 3.934.780 4.682.126
758,733 4,090,873 4,849,606
16-

HUMBER LEARNING CONSORTIUM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from Inv•stmgnts
Unre5trfctsd Unrestrfcted
funds
funds
2024
2023
Inlerost receivable
5,108
Expondlture on ¢harllable activltles
Subcontracted Subcontracted
leamlng
learnlng
2024
2023
Dlrect costs
staff costs
DepreLaation an(J impairment
Insura￿8
Event costs
External COr￿ul￿nts
Training and Ir8iners
ESFA community grants
Leamer bursery payments
Subcontracted Leaming
1.214.420
9,427
3.024
4,708
34,753
2.370
1,301,216
10,953
2,740
5,948
83,383
7,839
547,550
36,068
2.680.283
39,387
3,216.006
4,524.095
4,675.940
Share of support and govgrnance costs {w¢ noto 6)
Support
Governance
135.462
4,484
168,831
4.453
4.864.041
4.849,224
Analysls by fund
Unreslricled futKIs
Restrided furKIs
826,798
3.837.243
748,995
4,100,229
4,664,041
4,849,224
17-

HUMBER LEARNING CONSORTIUM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs allocated to actlvitlos
2024
2023
Sundrles
Bank charges
Accomodab'on
Communicalio
Equ￿Ment and resources
Organisation development
Staff expenses
Govemarte costs
1.340
1.122
46,523
29,032
38.803
7.514
11,128
4.484
650
1,047
6e,630
32,750
,135
e,827
24,792
4,483
139,948
173,284
Analysed betweert:
Sub¢ontr8Cted leaming
139.946
173,284
Net movement In funds
2024
2023
The net movement In funds is Stated afterchargngl(tyedtilng):
Fees payable fw th8 au(tht of th& charivs ￿nar￿a&1 st*ments
Depwiation of owned tangible fixed asseis
4.292
9,427
3,685
1 Ll,953
Truste
None of the trustees (or any ￿rSOn$ ¢￿nneCt￿￿ ￿ryth them) receNed any remuneration or bènefits trom the
tharity during the year.
Employees
The average monthly number ofemployees during the year was..
2024
Number
2023
Number
CEO
Sanior management
Delivery staff
Administration
Information lechnokngy
17
12
23
16
Total
18-

HUMBER LEARNING CONSORTIUM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Employeas
Icontlnuedl
EmploynRnt costs
2024
2023
Wages and salaries
So(aal security costs
0￿er penslon costs
1,016,854
93,766
103,800
1,091,528
98,299
111,389
1,214,420
1,301,216
The number of empbyees ￿ose annud remuneraticffl was than £60,0(N)
Is as follows..
2024
Number
2023
Number
£60.001- £70.000
£70,001- £80,000
10 Taxatlon
The charlty Is exempt from tsxation ¢)n its activities because all its income is appli￿ for ¢haritablè purposes.
11 Tanglble Ilxèd assets
Pl8nt and
equlpmont
Cost
At 1 April 2023
Disposals
48,761
(12,0731
At 21 Marth 2024
34,688
Depreclatlon and Impalrnignt
At 1 April 2023
Oepwation charged in the year
Elimin81ed In respecl of disposals
31,720
9,427
(12,0731
Al 31 Mar¢h 2024
29,074
Carylng amount
At 31 March 2024
5,614
Al 31 Marth 2023
15,042
19-

HUMBER LEARNING CONSORTIUM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
12 Dobtors
2024
2023
Amounts falllng due withln one year.
Trade debtors
Prepayments and accnjed income
29.8(
$69,647
182,884
519.477
699.453
702,361
13 Crodltor5: amounts falllng due vlthln ono year
2024
2023
other tsxaoon and scaal security
Deferred incune
Trade ¢yethltys
Accrua18
13.859
35.528
228,715
569,678
64,855
642.997
217,455
121,342
14
847.780
1,046,649
14 Deferred Income
2024
2023
other defrrred ineome
35,528
642,997
Deferred income is lftdud￿ in the ffinancial *alements as follows:
2024
2023
Deferred income is induded within:
cU￿t liabilib'es
35.528
642.997
Movemenls in the y&8r
Deferred income al 1 April 2023
Released trom prawous perfods
Resources defe￿*d in the year
642.997
1642,9971
35,528
511,361
(511.361>
642.997
DeferTrd In¢om8 at 31 March 2024
35,528
642,997
15 R¢tlroment benellt 8chomes
2024
2023
Deflned contrlbutlon schemos
Charge lo pffjfft or loss In res￿* ofdefin8d contribution $dwné6
103,800
111.389

HUMBER LEARNING CONSORTIUM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16 Rètlr8ment benefit schemos
{Contlnuedl
The charity operates a defined conthbution pension thme for all qualifying employees. The asset8 of the
scheme are held separatety from those of the charity in an independentty adminisiered lund.
16 Rgstrlcted funds
The restricted funds of the ctharity ujmprise the •ed balarKes of thjnations and grants held on trust
subject to Spea￿ ￿nditionS by donors as lo how they may be
At 1 Aprfl
2023
Incomlng
resour￿¥
R8sourcas
expended
Transfers At 31 March
2024
YEI ESF Sprfngboard
ThisAtylity
BBO
Springboard 3
High Needs Leamers Funding
UKSPF Exploring Opportunities
E8St Riding
UKSPF Exploring Okwortunitles
Hull
25.398
1.319
559,055
976.546
152.282
815.190
7.700
{463,055)
{979.150}
{149.854}
{813.282)
(7.8251
1121,3981
1,285
{2,428)
(1,9081
11251
737.72S
1737.802)
686,282
{686.275)
26.717
3.934.780
{3.837.243)
(124,4491
11951
Preylous year:
At 1 Aprfl
Incomlng Resourc
2022 regources
expended
Transfers At 31 March
2023
YEI ESF Springboar
ThisAbility
BBO
CommunSty Grants 5
Springboard 3
22,425
2,359
1,148.650
826.441
1,193.857
821,073
300.852
{1.145.67n
{827.481)
{1.207.881}
{618.338)
{31XI.852)
25,398
1,319
14,024
28,755
(31,490}
16.706)
4,090.873
4,1￿,229
42,779
26,717
-21-

HUMBER LEARNING CONSORTIUM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
17 Unrestrlcted funds
The unrestrided funds of the d)arity o)mprise the une4￿nded batances of donatK)ns and grants which are
not subi8Ct to specifK condthons by don￿ and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestrided fvnds by the trustees for specrfic purposes.
At 1 Aprll
Incomlng Resourcos
2023 rnsOUr￿ ex￿nded
Transfèrs At 31 March
2024
Redunda￿ reserve
AEB
Youth Hub
Barbara Halgh Investment FuTrJ
CLLD
Youth Hub2
Youth Futures
vpp
Study Programme
Muwply East Riding
mU￿pIY Hull
General fund5
1K2.729
12,657
89,193
{846)
175.386
168,744
(1,4811
(257,9371
(2,1C￿l
(1,0￿)
(18,5831
(28,3CK)I
{48.9721
{29,8561
(71,4771
(173,215)
(2(￿,684>
5,326
4,227
1￿,8
895
29,563
27,523
48.524
29,856
64.703
175,000
2CwJ.100
(167,8701
1118)
{6.7741
6.312
{8111
678,836
4.527
1227)
473,355
191.233
802,844
752,454
(826,798)
124,449
852,949
Pre￿OuS year:
At 1 Aprfl
2022
Incomlng
resources
Resources
expènded
Transfers At 31 Mar¢h
2023
Redundancy r8serve
AE8
Youth Hub
Barbara Haigh Investrnent Fur
CLLD
Spot Contracts
YoLth Hub 2
Youth Fu￿re$
Multiply East Rithng
Mulfjply Hull
General fund8
139,941
22.788
24.941
162,729
109.610
{134.551)
4,227
4.227
1.150
111.595
18,240
204.867
41,702
185,932
82,000
3.837
{1,1 $0)
(86,618)
128,945)
(203.772)
(41.254)
1181.405)
(82,227)
10,927
131.913
156,890
10.705
895
448
4.527
12271
473,355
559.804
1101.213)
835,885
758.733
1748.9951
142,779)
802.844

HUMBER LEARNING CONSORTIUM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
18 Analysis of net assets between funds
Unrestricted
funds
2024
Restrfcted
funds
2024
Total
2024
At 31 March 2024:
Tangible assets
Current assels1{Ilabilltiesl
5.614
847.335
5,814
847.140
11951
852.949
{195)
852,754
Unrfjstrlcted
funds
2023
RgstrlGted
fut)ds
20LI
Total
2023
At 31 March 2023:
Tangible assets
Current assetsllliabilities)
15.042
787.802
15,042
814.519
28,717
802.844
26.717
829,561
19 Relatsd party transactlons
The charitable company shares a mutual trustee th the Development T￿St. During the year
payments were made by Humber Leamlro Consortium to Goothiin Devek)pment Trust amounting to
£556,85912022 '. £537,861).
Cash g9nèrated from opératlons
2024
2023
Surplus fty the year
23,193
382
Adju8thents for..
Investrnent income recognised in statement of ffinancial aeknvilies
Depreciatitsn and impaiment of tan￿b￿ fixed assets
15.108)
9,427
10,953
Movements in working capital..
Dec*ease in debtors
In¢￿ase1(￿ecrease) in crerfitors
IDecreaseVlncrease In def￿r¢d irKX)me
2.908
408,600
1607,468)
288,226
(247,552)
131,634
Cash labsort)ed byygenerdtsd from opgradons
1168.448)
163.643
-23-