Charlty reglstratlon number 1097333 {England and Wales) Company reglstratlon numbor 04383779 HUMBER LEARNING CONSORTIUM ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
HUMBER LEARNING CONSORTIUM LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr P Nthls( PlrA Jonas Mr M Jennings Mr C A Dam811 MrG Betts Mrs L Benton Sgcrotary MrA D CrossLand Charlty number (England and Wa19sI 1097333 Company number 04383779 Règistsrèd offlce 63-71 Anlaty RoJ Hull England East Yorkshire HU3 2LL Auditor RaLhams A(mmtrt Limited 3 Melton Enterprise Park Re¢*Jitf Road Metton East Yukshire HU14 3RS
HUMBER LEARNING CONSORTIUM CONTENTS Page Chalmian'8 8tatemenl Th18t6es' report Slalement of trustees, responsitmlftles Independent auditorfs rewrt 8-10 Statement of financial adlvhies 11 Balance sheet 12 Statement of cash flow8 13 Notss to the finandd statements 14-23
HUMBER LEARNING CONSORTIUM CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 HLC'S operaliw enmronment has remained challenging Ihroughoul 2024-25 and we exkwt the tsJrbul$nc8 10 continu8 into 2025-26 and beyond. HLC'S trarltion to MeStiC fijnding (UKSPF) followirvJ the end of European (ESFI hjnding In 2023 w88 largely suceessfvl in tems of mairTtsining partnership approaches lo the delivery of leaming & skills promsion - HLC woJed wmh 24 parthers acos8 UKSPF aThY Multlty in th Hull and the East Flding of Yorkshire. though the annual contract values fcf UKSPF were broadly compgratrAe to ESF. Ih&r8 was stlll a funding g8P that we were unatAe to close, and thls has resulted in a remd defi(il p)silion of £44,195 in 202425. UKSPF Is In doubt beyor)d March 2026, and Mullipty ended nabonJty in March 2025. which only reirrforces the uncertainty facing HLC and Third Sector organisati)ns operating in the leaming aTrJ skilh arena. (ljr Adult Skills Fund cont1 has continued to defv8r exceptionally wdl, so il came as a hugè disappolnlm8nt to leam wthout wior waming In March 2025 that ¢)ur 202&26 ASF allccaion of £477.000 h1 en subsumed into th8 HEY local authoritres, wthout our prior knovAedge, as part of a devolution 'plof pesS in Hull and East Yorkshire. To add fvrther lo the uncertainty we are graprAing wlh, 8 10% ASF contract top slice is now being applied by our 811ocated local aOty, which wll resutt in a signifficant k)ss of inwme lo HLC next year. HLC'S tXE 16-19 Study Programme continues lo grow anEI deliver. and il is meeting exprBss8d need across HLrfI where NEET numbers have been on the rise for several years. A signifKant percentage of the young people we work with, through our partners Goodwin Development Trust. Unty in Community, and Niche Training. have EdLKab'on Health Care Plans (EHCPSI or are classed as high needs. and the fl&xibl8 1 infomial approach of our Study Programme sulls them better than more fomial inslltutis. Our UKSPF partnerships in Hull and East Riding of Yorkshire (202>2025) bDth delnfered 3uccessful, exc8eding Iheir respective ¢wtput and lcoMe larts by ¢orr$iderale niargins. Hull Cty Council has maintained its strong working rdationship with the Thir(I Sector by fuThling th8 Hull Exploring opportunities partnershlp Into 2025-26. Howev. East Riding Council chose to continue the ER Expk)rirvJ Opptsrtunities progi8mme, and this £1m per year project Closed al the end of March 2025. Unfortunatety, one of Ihe East Riding partnw organisations folded immediatdy as a result. The deficit in 2024-25 turr)ed out to be lowEr than we had origlnalty eCasted and this helped us to maintain our cash reserve8 on 31 March 2025 at a hèalthy £808.680. The end of UKSPF in East FdIng and the MultIY programme nationally, will make 202&26 a more challenging FOsPecL uncertainty r8maining over UKSPF beyond March 2026 and darity on ASF arml Sktlls Devolution unlikely to materiallse until early-2026. the next ccuple of years wll remaln daunting. A8 in previous years the HLC board of ttustees remains confident that HLC'S excellent contract delivery track record, reputation wth stakeholders, staff team expertise, and it8 robust financBI heth (strong cash resee8 position and m extemal bomMbrKJsl will enable th6 organisation to plan and respo1 proacbvely over thè nexi fèw years. Lynn Ben Chalr of Trust•os Date: 17 Septernb8r 2025
HUMBER LEARNING CONSORTIUM TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Iruslees present the annual ret and statem¥ts for the year eTrJed 31 March 2025. The finandal statements have be prepare(l in aCCordae wthh the )Unting poticies set out In note 1 to the financial statements and Comply the d18riS governiTr3 documenL the Companie5 Ad 20(, FRS 102 The Finanoal Rep(ting Standard applicable in the UK and Republic of Ir@land" and the Charities SORP "knounliny and Rop0 by Charities.. Stslement of RecommerKled Practice applicable lo charrfies preparing their account8 in accofdance with th@ Financial Reporting Slandard appl in the UK aTrJ Republbc of Irdand IFRS 102}'. ObJectlve5 and activltles Tha charitab18 objects of HLC are to promoto advament ofedUcafj for the public benefft. In partkular.. lal To improve access lo leamiro wrtunrtw for u¥ers, volLnteers, arKI empbyees of voluntary a1 community organisalions in Humber and Yorkshire (bl To devdop vduntsry S01 leamirwj providw5 to meet qualty thresholds and 8tskeholder requirements (cl To develop a partnershlp aFvoach to th8 ddivery and de¥eloF4nent of 1Mirj opw)rtuniti88 a1 gcxxl practic Id) To cary out a$sSted activities 181 To promote the efficiency and effectiveness of chwibes. yutary and communlty groups based in the Humber and Yorkshire region by providing lrrining and ortrgoiro supFort to increase their ability 10 8CC8ss fijnding and participate in the Tegeneration of their area. Public benefft HLG'S ?ctivitie¥ womote the advallGem of education for pubfjc benefiL In shapirKJ our objedivos for the year and ptarining our actimties, the trustees have considered ts Charity Commlsslon's glwdance on public benefit, includiny specific gUIdan on fee charging. We work with delivery partners, the fflaiority of whth 8te t-fr-profit Organisatic5, to deliver a ronge of ?reiled and non-accredrted reaming opportunittes. HLC'S anIng provision is targeted at disadv&ttaged inth'viduaL8 arnl MmunIti5. As 8 r8sulL where possÈble, learning is prowded free of charge, or at the lowest possible cx)st to enc¢)urage access and partirApalion. From a broader persFective, HLC'S activlties hdp Jults and ywrKJ peo&@ ithin the Yorkshire and Humber region to engage on a journey that leads to further leamlng and l or Job oprtunitIes, beneffting tx)th the indivldLral, their families, and communities. Quality assurance and improvement pr¢xEs8e8 are wen a hKJh profile across HLC and its partners nthorks. Guldance and training are regularfy provided lo ensure that defNery pathers and th8ir slaff members mt the qualty thresholds of funders and inspection bodies. HLC is committed to strengthening voluntary anil communtty sector (*9SationS lo deliver le8ming OPPDrtunilb8s. Our experience dernonstrates that womoting the delNery of leaming oppmjtunities In partnership wlh local and trusted community groups helps to errfJage those from the most disadvantsged backgrounds.
HUMBER LEARNING CONSORTIUM TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achlovements and p•rfornianco SignifKgnl 2ctwrf8 and achievennts 8gainst obieGlives During 2024-25 HLC has been 8Ne to Pr70t0 and dgtiver l&amir¥J opporhmities through thè followlng core ?clivitles, grants. aThJ contracts" - Qualty and DeveloFrfnent - DfE 16-19 Study Programme - ESFAAdull Education Budget UKSPF Mumiply Hull UKSPF Muttiply East Riding - UKSPF ExrAoring Opportunities Hull - UKSPF ExOng opportunie$ East Rldng - National Lottery Community FurMI- Go(xl to Go pr4ect wth our partners we have ddlvered a wde range of arn1rJ OPFQrtuntties to disadvantaged people. The contracts and PTojects are summarised below. The lett$ Sn brackets demonstrate which of HLC'S tharitsble objact8 (see above) are being met by a particular area of wo, grant. or contr Quality and D&vekJpment {8. b, c, d. e) Quality essurance and the development of our ddNery partners is a driven by our commitment lo conb'nuou5 improv&ment. Suppotting vduntary sector organisab.ons to becorne high quality leaming providers is one of HLC s primary charitable objects and one of our 3 Strateg p[K)rit. HLC CaleS out a rang8 of quality Bnd development actiwties, induding= - Regular 1-1 ¢wality and supwrt visits to parkners - Observations of leachirwJ. lèaming. and assessment (Indudng dual observations) - Qualty Improvement Nets¥ork meetngs {&6 per a(sdenyc y&8r) - Designated Safeguarding Officers netwoth (4 per year) Continuing professlonal developmenl events - Equality & diversity support, inc. E&D diaries and enderS Leamer enrichment actiwties - Safeguarding & Pr8v8nl Dlrty support and thice E-safety au(rrt8 - Vvebinars - Telephon& 8dvic8, on-line meetiros, 1-1 supporL and virtual Defyks -A dedicated quallty rosources website - Matrix IAG quality assuranco compliance support These activities help HLC to maintain and strewien our relationships partner organisations. In turn helplng them to bulld their own capaw and deliver hKJh qUlty leaming cpportunrties to our target beneflciarie& HLC coniinues to demonstrate a strorrfJ commitrnent to (rywlty improvement and was rated 'Good' by Ofstfjd inspèctors in June 2022. HLC has nIY b86n rated 'Gcx)d" in aN ils inspectK)ns12012, 2015, 2022). HLC holds the Matrix infomation, adwce. and guidan qualrty standard, and Cyber Essentials accrethtats.l. DIE- 16-19 Sludy Programme startedAugust 2023 (8. b. c. e) The Study Programme replaced our p¥evlous 16-18 Traineeship contrad when the national Tr8ineeship8 programme wa8 scrapped by the fomler ConseNative govemmenL This contract is deliverpd by 3 communlty- base(1 partners. HLC will be seeknng to grow Its StY Prcgrnmme delivery InCrn8nlIY and carefully over the (x)millg 2-3 academic years to develop and maintain quallty of provi£40n.
HUMBER LEARNING CONSORTIUM TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 ESFA-Adult Skfils Fund (f0MAd1è Educalfv)n BuGN- slartedAugust 2023 (8, b, c, e) HLC was one of only 55 training woviders nationally to bid successfvny through the 2023 SFA Adult Skills Fund IASF) procurement exercise. The ASF pr¢gramme SUF?ts ad1$ a9ed 19+ offering a range of flexitle aredited units and qualificati8 that are designed lo prryJress iThlMcluals into employm8nl, further leamin9. or car88r progression. In 2024-25, HLC worked with 5 enmmunity-based delNery pathrs in Hull & East Riding. We intend lo growASF provlslon gradually, adding new pathers and local delivery over the next 2-3 years. ASF will rne under the local remlt and corrtrol of the Hull & East Yorkshire mayor COMIr Authority (via Devolution) in summer 2026. An interim pilot devolution arraroement is in place for 202&26. %thich will see HLC'S ASF fvndlng 'account managed. by HUN TraItng & Adult Education fLY one aGwJemic year. UKSPF Multiply Hull Novgmber2022 to Mah 2025 (a. b. c. d. èj Multiply was a national >year numeracy progrrne aimed at adutts aged and funded thrgh 8 20DA top slice of the UK Sh8r8d Prosp8rily Fund IUKSPFI. Multiply was designed to Improve adutts. nUMe¢Y ski118 ty engaging them in activities that develop their ccnfidence wAth numbers. HLC led a partnersh} of 4 MMunity based VCSE organisalions who delivered maths-based activitres across the (yty of Hull. The HLC-d partnershlp delivered 3 out of the 5 Multiply contracts that were tendered c¥Jt by Hull Clty cou1. lTrÉse acfvitles ended in March 2025 when the Multiply programrne was closed natlonally. UKSPF Multiply East RNn9 Nov8mber2022 lo Ma 2025 (a. c. d) HLC is leading a partnership of 5 wmmunity has VCSE pathers are delivering maths engagemonl aclivllles aCsS the East RKling ol YOrf(Shi tsrith a particular emphasis on Bridlinglon. Gcole. and Holdemes& The ER Multiply COntrt is ended in March 2025 when the national programme was dos&J. UKSPF Explonng Opportunki&s Hull fn)mApn7 2023 to Mah 2026 (a. b. c) Funded through UKSPF Hull CTty Cwnal a8 Ihe atable body, EO Hull is an HLCAed partnèrshlp project wlh 8 expèrienced Hull-based oiganisalrons It aims to SUPPLYt unemployed and ecornmically inactive residents th the goal of progressing them into employment ¢x fLtrther leaming ¢x movlng them closer lo the laty)ur market. The partnership provides benefaleS wth 1-1 keer arml a personalised programme of supwrt, inclutting dedica18d mental health and (Jebt thice 8eThices. The ddNery m(Klel lId5 upon best practice from our 8CeSSl CLLD, BBO, and Springboafd wogrammes. uKSPFExpllng Opportuniti&s Easl Rftng frOmAUg 2023 to Math 2025 (a. b. CJ Funded through UKSPF with East Riding as the acc(NJntable body. EO East Riding was a successfvl HLC-led partnership pfoject with 8 experienwl ER-b8sed organi8ats.c8 It supported u1MplOyed and econCnl1Y inactive redentS wth the goal of progressiro tM into eM)yMent or further reami lx moving them clow lo Ihe latx)ur market. The partnership prowded t¢neficiari8S Wtth 1-1 keywrxfrer arKI 8 personalisecl prOgrnMe of support, Including d8dicatad mèntal health and d8bl advice seiCe$. The deltvery model bu1 upon best practice from our successfvl CLLD. BBO, and Spmgboard programmes. The programme dosed in March 2025 wn East R4JirKJ CounGiI chose Tr)t to Commissi any VCSE w0visi via UKSPF Pe(W& & Skills. National Lollery Communty Fund- Good to Go fnNn Apiil 2024 to M8fth 2026 (8. o d) A 2-ye8r LDttsry-fvnded programme (Reaching Communitie81. vthich is fced on fit 81eps arn1801 inclusion tivilies that act as a bridge into employatAiity provisNJn. Flnancial reviow This y&ar. HLC 18 reporting a deficit £44,195 FrLKn a }Inan31 Ialth Per5te. HLC has robLt su$tsirwbility and geating ratlngs LkJrrowngs}, 1th an unrestrict&J reserve rn&bon of £808,680.
HUMBER LEARNING CONSORTIUM TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Plans for futurn pariods At the lime of wtting, the govemment 18 yet to anrnLmce what th8 future Of UKSPF funding might look like beyond March 2026. Clarity on this is critical because ma1(ty our partners anISatiOnS are currenyy delivering on HLC'8 UKSPF programmes and arg dependwtt on it for their sustainabilty Tr lack of NEET andlor In&live TrailbIer status in Hull and East Yorkshire is CCfflFounding thg issue not only for VCSE sustsinabitty, bul also for provision sufficiency for young Feople and unemployedlinactive adults. Our AduA Skills Fund provision is cAJrrenty und8r a teMpary"pll0r manyment arrangemont wth Hull Trnining & Adult Education in aJvan¢e of fiJll Hldl & East Rhling skill$ devoluticn in Auwgt 2026. are hoping to secure and grow our own ASF ddivery for 202&27 through a crmibined authority pl(rement pKocess, which 18 ONcted to launch in 6arly-2026. Th8 16-19 Study Programme CCtinueS lo deliver wetl, and are aimirvJ io glow thi8 organicalW w-LxFyear, with the goal of eventually doubfing the overall contracl value. structurep governance and Manage1 The chanty is controlled by its pveming dc¢ument. a deed of trust. nStituteS a limited company, limihl by guarantee, as defined by the CompaniesAct 2Crf)6. The trustees, who are also the directors for the purpose of cornpany 1¥4V. and who served during theyear and up to th8 date of signature of financial statements were: P Nicholson MrAJonas Mr M Jennings Mr CADarndl Mr G Betts Mrs L Benton Owanis8fion81 stmclu A board comprising six trustees is the currenl Ihe 0nIable body for and oversight wHhln the agreed framework sel out in th8 Memorandum ofAssociats'on. Th8 Irvstees meet quarterly to discu&8 and arprove major deusions. The board of HLC has a Financè & General Purposes sub-group, which meets in advance ol a fvll trM)ard meeting to scrutinise the financial and management accounts. A monagemenl team u)mwising a Chief ExerJJtive, Deputy Chief Executwe. Quality Director. overse8s the day-lo- day operations of the organisation. The Chief Exe(xrtnie also sewves as the Company Secretary. The tnjstses seek lo utilise a partnership apwoach in the devdopmenl of slrdlegy, which enables the whole slaft team lo engage in and discuss issues affecting the orgardsatton. We meet as a whole group every January for an away day. This ensures that the staff team remains fulty engw and that strategTrc decisions of the ly)ard b6nefil from the expertise operational experience of all empknyees. Responsibility for fhe day-to-day operations and implementation is subsequenyy taken by in(fjvi¢Jal member of staff, as appropriate lo their level of responsbility- cOnclUa1 Partnethps Humber Leamlng Consortium uknlises contra(knl ptnershlps lo enab ddivery of a broad range of servlces in sut4)ort of leaming within the voluntary and (y)mmunity Sector IVCSI. In this cDnl8xt the organisation has worked very CCessfUllY wth the Education & Skills Funding Agency. Department for Ethcalion {DfEI, National Lottery Community Fund. Hull Clty Counal IUKSPF & Mutttply}. and East Ri(fjw of Yorkshire Council {UKSPF & Muttiptyi. HLC alstr has strategic alliarKes which support VCS leaming.. parbws include Hull & East Yorksh8 Business Growth & Skills Hub Iformerfy HEY LEPI, arKf the National caree SeJviL*.
HUMBER LEARNING CONSORTIUM TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2025 Risk npan&gennf Th$ Irust88s have a duty to idenlfy 8TrY review the risks to [ch the ch&rity is exwJ8ed and to U[e 8ppropri8te controls are in pFace lo provlde reasonable assurance against fra1 and er[. The m8nagem8nl team in coriunclton wlth trustee representatives rnvi8w th8 risks fed by the organi8alion. A risk gisler is held and reviewed per11llY to assess thangirg risk ft0[5. The main risks to the organlsallon considered a5 part of this strategy ar8 as follovts: 1. CorporatStrategIc Factors 2. Goverrk3nce and Management 3. Flnanclal 4. Personnel S. Teaching. Leaming & Asséssment 6. Communlcallons, Infornialion Technology and MIS 7. Premises and facilrbes 8. Marketing g. Natural disaster Audltor Followlng a procyJrement exercise Rackhams Accountsnts Limtied rtrapptsinted by HLC trustees at the 2023 AGM for a 3-year period. The stees, report was appved by the Bo¥d of Trustees. MrA D Crossland Company Secretary 17 Septemtor 2025
HUMBER LEARNING CONSORTIUM STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees, who are also Ihe dlrectorn ol HumLw LeamI CcffjSIluM for tho purpose of company law, are responsible for preparfng the Trustees. Report and the financial stslements in accord8nce wth appluble law and United Kingdom Accounting Standards (United KJngthJn Generalty AcceptedAccounting Practice). Company18w requires the trustees to prepare finanrAal 5tatemerits for each financial year which give a true and fair ew of the state of affair8 of the charity and of the irKomiry re8ouwrEs and applition of resourcos, inclLKliJ the come and experKJiture. of the (tharltable compary for that year. In preparing these financial statements. the IteeS are required to: sal8Ct Suitab accounting Policies and then apply them COnsten.. observe the methods and rfflnciples in the Charitie5 SORP.. - make judgements and eslimales that are reasonable and pruden( slate whether applicable UK Accounting Stsndards have follcv#&Y. subject to any material departu$ disclosed and explained in the financial statements., and - prepare the financial statnentS on the g)It¥J concem unless il 18 inappropriate to Presu that the charity 11 continue in operaoon. The tnjstees are responsible for keeping adequate accounting records th* dl8dose with reasonable aGcuf8cy BI any time the financial positi.on of the charity arKI enthe them to ensure that the financial stslements comply with the Companies Act 2006. They a also responslble for safeguarding the assets of the charity and h@nce for taking reasonable steps for the prevention and detect of fraud arKI other IrrulritieS.
HUMBER LEARNING CONSORTIUM INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF HUMBER LEARNING CONSORTIUM Oplnlon Wa have audted the financial statom&nts of HINnber Leamirg Consortlum (the 'charrVI for fhe year endèd 31 March 2025 which Gomprise the statemenl of financial 3ctNths. the balance sFwt. the ststemenl ofcash Ilows and notes to the financial slalemerrts, indLrdirMJ SignifinI acLountlng wlicie8. The financial reporting tramework that has been appli&l in th8ir weparatK)n is ap[cable law al United Ingd Accounting Standards, induding Flnanclal RepCing Standard 102 The Financlal Rewrting St8ndartl &pplic8bl8 in the UK 8nd Republlc of lTrland (United Kingdom GeneraltyAd ACC11n9 Pradce). In our opinion, the finanual statements: glve a true and fair view of the state of the tharftsble companys affairs BS al 31 MarL) 2025 arKI of Sls incoming resources and application of iesources. for the year then ended; have been pmpwty prepared In acc4)nlarKe Untied lfjrv1(n GllY Accepted AccountiTrJ Practice., and have been wepared in accordance ¥th the requIents of the clnpanIeSA¢t 20(. Basls for oplnlon We conducted our audit in acC(dar wth Intemational Stsndards rA) Auditing IUKI {ISAs (UK)) aThJ applicable law. Our rEsponslbilities undor those standards are fvthr descrthd In the Auditors rgspons1bileS for the 8t1 tl)e financi81 stat8ments sedion of our report. We are independent of 1hé charity in accordance whh ethical requirements that are relevant to our audit of Ihe financial Statements in the UK, including the FRC'S Ethical Standard, and w8 havè fulfilled our other ethicd resP(SIbiles in a¢L¥)rdan with these requirements. We believe that the audit evidence we have obtaned is sufficient and appropriate to provid& a basis fcf our opinlon. Conclusions relatlng to golng concem In audlllng the financid slalemenls, we have corKlud2d that the ttuslees, use of the gng conc£m basts of accounting In Ihe preparation of the thaTrial statemenls Is akwropriate. Basad on the work we have perfomed, we have not Njenlified any malerial uncertainties relatiNJ lo events or Ctjnditions that, indi¥iduJty or collecbvdy, may ¢381 slgnrficant doubt the charity's lo continue as a going concem for a period of al least ve months from then the financk91 statements are authorised for issue. Our respOnsl[ltieS and the responsibilthes of ts trustees Thith respect to gng concem are descfibed in the relet sectlons of this repcrt. other Infomiatlon The other Infomiation comprises the infoTmation included in the annual ieport otr than the finalat slalements and our audilD¢5 report thereon. The trustees are respons19 for the other infomiation contBin8d within the annual report. Our opInK on the financial slat8ments does not cover the other infomiab'on we do not express any fom of assurance condusion thereon. Our reSpOnbIl i8 to read thè other information and, in doing so, consider whether the other irrfomi8tion 18 MaterilY inconsistent with the financial statements or knthedge obtalned in the coursè of the audit, or otheMise appears to be ma18rialty rnisstaled. Jf we identrfy such malertal inconsistencies or apparent rnaterfal misstatements. we are required to determine whether this gives rise to a material misstatement in thè finanual statements themselves. If, based the work we have perf0Md. we conclude that Ih8r8 IS rnaterial misstaternent oFthls other infonnation, y are reqi¥red lo rewl that fact. We have nothing lo rwt in this regwd. Matters on thlch we are requIr to report ty 6xpIlon Wo have nothing to report in respect of the followng matters in r8iatron to whith the Charlljes {Accounls and Reports) R8gulations 2008 requires us to report to you rf. in opinion" the information given in the finanoal statements is irKcn5i5terrt ID ary materlal respect with Ihe trustees, report., or sufficient aCc(ntIng records have not tseen kept or the financlal statements are not in agreement wth the aecounung records" or w8 have not re1Ve all the infomialion aTrJ eXp1arli0ns we require for our audii.
HUMBER LEARNING CONSORTIUM INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HUMBER LEARNING CONSORTIUM Responslbllltles of tru8tees As expl?ined more fully In the statement of trustees, responsiLNifoes, the trustees. or@ also the dirthrs of the charity for the purwse of company law. are responsitrAe the preparation of the ffiancial slatemènls and for belng satisfied that they give a true and fair vtew, and for such int8mal control as 1he trustee5 determine is necessary tcs enable the preparation of financial statements that are free from material misstalemenL whether due lo fraud or error. In preparing the finandal statements, Iho trustees are responsible for assessing the Charits ability to continue as a going concern, disdosing, as applicabl8, matters related to going concetn and using the going concem basis of accounlirwj unless the trustees either intend to liquidate the charitable company or to e8as8 operations, OT have no redistic alternatNe bLrt to do so. Audltorfs responsiblllues for the audlt of thg flnanclal ststwngnts We have been appointed as auditor unr se¢ts'on 144 of the Chariiies Act 2011 and rewrt in accordance wth the Act and relevant regulatiiTh haviw off1 trweunthr. Our objectives are to obtain reas(1th assurance aboul whelher the finandal statements as a whole are fre8 from material mi8818tsmenl, wthether du8 lo fraud or error, and lo issue an audrtorfs report that Includes our opinion. Reasonable assurance is a high level of assuranc8 ixrt is not a guarantee that an aulfrt conducted In accorda with ISAS (UK) wll always detect a material misstatement th it etsts. Misslalemènts can arise from fraud or error and we considered mat6rial rf, indivmlually or in the aggregate. ttw ciwld reasonaLly ba expected to irffluenc8 the economic decisions of users taken on the basis of the58 financial sLements. Tha éxtent to vthich our procedures aro capablg of d*ecting irregularities. Iruding fraud, is detailed bdow. As pgrt of our plannlng process: We enquired of rnanagemewrt the Wewns ar¥J o)ntrols the company has in place. in the areas of the financial statements that are mostly gusceptible to the risk of irr8gu&rities and fraud, and ether there was any known, suspected. or alleged fraud. We obtained understanding of the legal and reguL91(ry frameworks apFli¢able to the company and we detemiined that the lollowirvj Te most relevant: FRS 102, Companies Act 2006. Health and Safety at Work Act and Employment Law. We considered the incentives and 0[PtunitieS that exist in the company, including the extent of management bias, which present a Wen1id for irregulariti8s and fra io be peFpetraled, and tailcfed our rrsk assessment accordingly. Using our knledge of the Mpany, together th th8 disCuOnS held wlh the company al the planning stage, wo formed a cxjnclusion on the risk of misstatement due to IegUlar[tieS, including fraud, and tailored r procedures according to this rlsk asS@ssmtt.
HUMBER LEARNING CONSORTIUM INDEPENDENT AUDITOR'S REPORT (CONTINUEDI TO THE TRUSTEES OF HUMBER LEARNING CONSORTIUM The key w4Jcedur8S W8 undertoi to detect iwularitoes inL4LKling fraAd duriro the course of the audit included: Identifying and t&sting joumal entries and the overall cOUn11r records. In pathular. we lesled items that were significant and unu8uel. Reviewing the ffnanual ststement disdosure8 and deterniining ac(thnting policies have b appropriately appli. Revrewing and (liallenging the assumptions and judgements used by management In their significant accounung estimates. In particular, we Condered giyrYJ CO[eM and impaimient of trade debtors. Assessing extent of complia. or1o¢k of, wilh th& rethnt I?S and relat)n8. T8sling key revenue lines. Performing physical verificAtion of key assets. Obtsinlng knird party confimiation of materid balance5. Documenb'ng and verifying all Signif1 related party balan and trwGtions. Reviewng documer)tation sh as the ¢))mpary IK>ard mn)utes. correspond8nc8 th sollcltors. for disCUS8ions of irregularifies indudirKJ fraud. Owing to the inhorenl limitstions of an audit. there 1$ ?n Unavoidab risk that we may not have detected some material misstatemen18 in the finanrial statements even though we have property planned and perf0m11 our audit In accordance with audttlng standards. The primary respongtiltty for thp prEvenlion and d@1oCtion of irreguiarities and fraud rests wth the directors. A fvther dgscrfption of our r&spowbilities Is available on the Finanual RepOrtIr Council's website at.. https:11 www.frc.org.uklaudilorsresponsibilities. Thls dv3cripti()n frKms part of our auditorfs report. Use of our report This report is made sc4ely lo the charity's truste8s. as a body. in accordance wlth Part 4 of the Chariti8s {Accounls and Reports> Regulations 2008. Our audit work has beer) undertaken so that we might stsle to the charity's trustèes those matter3 we are required to stale to them in an auditor's rep(t and for r1 other purpose. To the fullest oxtenl pemiitted by law. we do not ap1 or assum8 respOnsilIty lo anyone other than the charity and the charity's trustees a8 a body, for our aud. ¥•k. for this reFK¥t, or fcthe OpinmS have f(*Thed. Mr Trgvor Rackham FCCA (Sanlor Statutory Audltor) For and on behf of Rackhams Accountants MItl. StatutryyAudilor Chartered Certified AOuntants 3 Mellon Enterprise Park Redcltfl Road Melton East YorksFur8 HU14 3RS 17 September 2025 Rackhams Accountsnts Limited is digible for appointment as auditor of th8 charity by virtue of its eligibilty for appointment as auditor of a CDmpany under secknn 1212 ofthe CCrfnpanAc1 2006. 10-
HUMBER LEARNING CONSORTIUM STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Total Unrestrlcted Restrlctsd funds funds 2024 2024 Totsl nds 2026 funds 2026 2026 2024 Notss Income from: Charitae actiMtie8 Investsnenls 1,309,689 4.164,861 5.474,550 15,960 15,960 747.346 3.934.780 4,682,126 5,108 5.108 Total Income 1,325,649 4.164.861 5,490.510 752.454 3.934.780 4,687,234 Expendlture on: Charitable aclivilie8 1.369,844 4.164,740 5,534.584 828,798 3.837,243 4,664,041 Totsl expendlturn 1.369.844 4.1eA,740 5,534,584 826,798 3.837,243 4.664.041 Net Incom8llaxp8ndltur•) 144,195) 121 (44.074) (74,3441 97,537 23,193 Transfer8 beon fun(Is (3) 124.449 {124,449) Net movernent In funds 144.1981 124 {44,0741 50.105 126,912) 23,193 Roconclllatlon of funds: Fund balances at 1 Awtl 2024 852.949 1195) 852,754 82,644 26.717 829,561 Fund balancos at 31 March 2025 808.751 (71) 8OB.680 852.949 1195y 852,754 The 8talem8nt of financi activiti8s indudes al gains a1 losses e0gnised in the year. All income and èxpenditure derive from continuing aCtIes. 11
HUMBER LEARNING CONSORTIUM BALANCE SHEEr ASAT31 MARCH2025 2025 2024 Flxèd a8sel8 Tangible assets 11 1,808 5,614 Current assets Debtors. Cash al bank ané In hand 12 525,807 832,128 699,453 995.467 1.357,933 1.694.920 Credltots: amounts falllng due tAlthln one year 13 1551.cl) {847,780) Net current assgts 806.872 847,140 Total assets les8 currgnt Ilabllltles 808.680 852,754 The funds of tho charfty Rest1&d income fvTrJs Unrestricted fvnds 16 17 (71) 808,751 {195} 852,949 808,680 852,754 The company Is entitled lo the exern.0n from lh8 audit r&wlremenl Cont"ned in sectrjn 477 of the Gompanles Aci 2006, for the year @nded 31 March 2025. The dlTectors acknowAedge their responslbilttres for comrAwng with the requlrements of the Companies Act 2006 with respect to accounting records and the preparatim of financial statements. The members have not required the company to obtsin audit of its finawal statements urk*r the reqU1ments of th8 CompaniesAct 2006, for the year in queslh)n in accord8nce th secaion 476. These than1 statements have been Fwared in dan wtlh the proMsion8 applicable lo companies wbject to the Small c¢)mpanie8 reglme. The finanaal ststements were approved by the trtee8 17 September 2025 Company Sacretsry Company registration number 04383779 IEwLand arnj Wa) 12-
HUMBER LEARNING CONSORTIUM STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2026 2024 Cash flow5 from operatlng actlyltles Cash absorbed by I)PStIonS {178.3081 (188,448) Investlng a¢UvlUes Purchase of tan9lble fixed assets Proceeds from disposal of tangible fixed 8ss8ls Inv8Stmenl income reNed (1.049} 15.960 5,1t18 Net cash generdted from Investlng actlvltles 14,7 5,108 Net cash generated from flnanclng actlvltle5 Net decrease In Gash and cash equlvalents {183.3411 1163,340} Cash and cash eqUiVar1ts al tginnIng of year 995,487 1,158,807 Cash and cash equlvalents at end of year 832,126 995,467 13-
HUMBER LEARNING CONSORTIUM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng polkles Charlty Infommtlon Humber Leaming conslM 18 a private CoMnY limited by guarant08 ifKoryh)rated in England and les, The registered office is 63-71 Anlaby Road. Hull. Eand. East Yotkshire, HU3 2LL. 1.1 Basls of PraparaOn The financial stateme3 lyave been prepared In accordance vrilh ttle charitys goveming document. the Companles Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic ot Ireland, arxl thè Charities SORP "AccounÈ'ro and ReporbThJ by Charities.. Stsletllent of Recommendad Prxtice applicable to Larities w6parirKJ their accounls in ardaTrce with the Flnanual Reporting Standard applleable In the UK and Republic of Ireland (FRS 102)" The charity is a Publ Benefit Entity as (kfined by FRS 102. Th& charity has taken &Jvantsge of th8 provigons in the SORP charities not to prepare a stathenl of ca8h flows. The finanoal Statements are prepared in sterling, Ithich is the fvncliond ajrrerry of the charlty. Monètary amounts In these financial 8tatements ar8 rounded to fv nearest £ The financial statements have been preparj undèr Ihe hlstorical cost convention, Imrxgifled to inclLKJe the revaluation of freehold properties and to indude investrnent properb&% and certain financial instrunents al falr vduel. The prinopal xcounting pILle8 adopted are set Cmjt below. 1.2 Going concgrn At the lime of appwng the finanaal statements, ttie trustees have a reasonable &xp8ctBlion that the charity has adequat8 r8sourc8s lo conkn.nue in operational existence for th8 foreseeaNe frJture. Thus thè IrLL%lee8 continue lo adopt the gK)ing concem basis of accounting in preparing the financial slatemenls. 1.3 Charltabla funds UnrestriLtsd fiJnd5 are avallat4e for use at the lSello of the trustees In furtherance of their chwilable ot¥ectives. Rèstricted funds ¥e subjeL# to speafic CondOn5 by th)nors cff granlors as io how they may be used. The purposes and uses of Ihe restrtcted are set out in Ihe rM)tes to ffinanclal statements. End0VmnI fvnds are suty'ect to s1C conditirms by dorm that the capiial musl maintained by the ch8dty. 1A Income Income is reccMJnised whon fhe charity lelY entitled to it after any performance conditions have b&en me( the amounts can be measured rdiabjy. arKI it is prObae that irwme will r1ved. Cash donatH)ns aro rewJnrse(l on receipL Other thjnations are recwised once the charfty has been nolrfied of the donation, unless rfOrniance condthons rwuire deferral of Ihe amount. Income lax reweraue in relation lo donatM)ns received Gfftd deeds of covenant reccMJni8ed atthe time of the donation. Legacle8 are recL)Jnl8ed on rwwpl cr ottvwise rf the tharity has been notlfled of an impending distribution, the amount is known. and receipt is 8xrthd. If the amourrt is not kn[. the gacY is treated as a contlngent asset. 14-
HUMBER LEARNING CONSORTIUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles Icontlnuedl 1.5 Expandlture Expendituie is Tecognised Or there 18 a legal or CL¥In obllgation to transfer economic benefft to ? third paty. il is prObae th8t a transfer of econom Lwn8fft8 will be requwad in s8tt1emenl, and the amount of the obligation can be measured reliabty. Expenditure is dassified ty actswty. The costs of each activty ar8 made up of the totrdl of thrt CO818 and shared costs. including support costs involved in undertaking each activity. Diwt costs attributable to a single activtty are allted directly to that activity. Shad costs contribute to than one actlvity and supwrt costs Ithich are not attrib(rt8ble to a sin activity are apportioned be those actiwtss on a basi8 conslslent with the use of resources. Central stsff costs are allocated on the ba8is of time spent, and deprery8lion charges are allrted on the portion of the asseys use. 1.6 Tanglble fLxéd assets Tangible fixed assets are inilially measured ai c#)st and subs8qu&nty m&asured at cost LY valuatK)n. net of depreaation and any Impaiment losses. DepreU8tI Is recognised so as to lte off ts cost OT vVatiOn of assets le55 their resldual values over thelr useful lives on th8 10110sMng bases: Plant end equipment 3 yaars LN) tsjst The gain or loss arising on the disposal of an asset is detemined as the drfference beeen the s81& proceeds and kne carrying vaue of the asset, and is recognised in the statetnent of financkgl activities. 1.7 Impaim8nt of fixed assets At each reporting end dale, the thB17ty reviews the carrwng amounts ol rts tangible as8ets to determine wthether th$re Is any irKlicatlon that Ihoso assets have suffered an impairment loss. If any such Indication exists, the recovernble amount of fv asset is esth'm8knJ in der lo deternii the extent of the Imp8imienl Ioss {rf any). 1.8 Cash and cash oqulvalgnts Cash and cash equivalerrts Irlude cash in hand. deposits held at call th banks. other short-t8mi liquid investments with Origin rnalurities of three months or less, arKI bank overafts. Bank overdrafts are shown thin tL)rrowings in Gurrent lialIeS. 1.9 Flnanclal Instruments The charity has elected lo apply the provtsions of lDn 11 'Baslc Flnanu81 Insknjments, 8nd Section 12 'Other Finanal Instnjments Issues. of FRS 102 to of its finala1 inslrunents. Flnancial instrum8nts are Iognisl in the balare sheet the charity become8 party to th8 contrac1 provisMJns of the inslnjment Financial assets 8nd li8bililies are offset, the net amounts presented in the financlal statements, when there is a legally enforceable right to set off the reC3rse wnounts and there is an intention to $8th8 Dn a net ba8is or to realise the asset and sethe the liability simultaneously. Baslc financial assets Basic financial assets. which irKlude debt5 and cash aThJ bank balartts. are initially measured at transactlon price induding Iransac4ion cosls aNJ are SlentIY carni8d al amortised cost using the effective InteSt methcKI unless the arrangement consttiutes a financing transacth)n, where the transaction 18 measured at the preserrt vdue of the future receipts disc¢xJnted al a martet re of inlwest. Financial assets lassified as receivable wkthln one year are not amortised. 15-
HUMBER LEARNING CONSORTIUM NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles {Contlnuedl Basic flnanclal Ilalm'litles Basic financial liabile5, incluthw ¢d[torS and bank bans are inrtially rxognised at Iran8actK>n prKe unles8 the arrangement Consti a financing transacti, vJh8r8 the debt instrument Is measured al the present value of the future payments thUnted at a market rate of interesL Financial liabilities dassified as payable wh1n one year are not 8morti8ed. Debt instruments subsequenty carried at amoFbsgJ rt rrfj the effective interest rale meth1. Trade creditors are obligations to pay kn goods or SeCeS that have teen acquirod in Ordin course of Operatn$ from supplieTr. Amounts payable are cL2ssrffed as current liabil)eS rf paymenl is dLte wthin one year or less. If r, they are presented as non•curtent Irdbilrties. Tr&Je CredOr$ are recogni5ed initialty at tranwtion price and $ub¥equentty measured at amortised cost rj Ihe effectiv& interest methLXI. Derncognition of flnanclalllabllllles Flnancial liabilities are derecognised when the dlarlty's C•)rrtr8thal obligations 8xpire or are rfischarged or can¢8lled. 1.10 Employee beneflts The cosl of any unused hojiday enfiuement is reLWised the in whKh th8 employee's services are received. T8miination beneffts are reLxwised IMMedtelY as an expense kn the tharity is demonstrably commltted lo temiinate thè 6rnployment of an employee or to wvkle temiin8ll t*neffts. 1.11 R8tlrement beneffts Payments to dèfined Contribub"C relirement benefit schemes are Cha as an expense as they fall due. Crltical accountlng estlmatss and Judg8m•nts In the applicalbn of the charrty's accounting polKies. th& Irusteos are required to make jLfdgements, estimates arKI assumptior7s aboul the carylng amount of assets and liabile$ that are not readity apparent from othor sourcas. The estimates and associated assumpti(S are based on historical experienc£ and other factors that are Considered to be relev8nt. Actual results may differ from thes8 estimates. The estimates and undedY1 assumptK)ns are wi6w8d an ongoing basis. RevIsi9 to &counting estimates are recryJnised in period in whTrch the astimale is remsed wh8re the revision affects only that peri(, or in the period of the mision arml future perw)d8 Ythere the revision affects both current and fulLwe pericxjs. Income from charltable actlvltles Unrestrfctod Rostrlcted funds fund5 2025 2025 Totsl Unrestrlcted Restrfct8d funds funds 2024 2024 Total 2026 2024 Subcontracted leamlng ServKes proded under contrdct 1.309.689 4,164.861 5.474,550 747.346 3,934,780 4,682,128 16-
HUMBER LEARNING CONSORTIUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Incom& from Inv05tm•nts Unrestrktad Unrostrlctod fund5 funds 2025 2024 Interest recelvable 15,960 5,108 Expgndliuro on charttable aclivltles Subcontracted Subcontractsd learnlng leamlng 2025 2024 Dlrect costs Staff costs Depreuation and 1mpairnt Insuran Event costs Exl8rnal consultants Training and traine Leamer bursery payments Subcontracted Leaming 1,024,921 4,796 3,309 592 1,214,420 9,427 3,024 4,708 34,753 2,370 39,387 3,216,006 2,4L 23,106 4,349,209 5,408.341 4,524,095 Share of support and governance costs Is•e note 6) Support Govemance 120,943 5,300 135,462 4,4 5,534,584 4,664,041 Analysls by fund Untricted fijnds Restricted funds 1,369,844 4,164,740 826,798 3,837,243 5,534,584 4,664,041 17-
HUMBER LEARNING CONSORTIUM NOTES TO THE FINANCIALSTATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs allocated to actlvltl8s 2025 2024 srrIes Bank charge8 A(umodation Communicadon Equipment and resourtss Organisalion development Staff exp8nses Govemance c08ts 2.034 975 35,156 28,686 27,OTt 5,045 21,970 5.300 1.340 1,122 46,523 29,032 38.803 7,514 11,128 4,484 126,243 139,946 Analysed between: Suboontractsd lèaming 126.243 139,946 Not movemnt funds 2025 2024 The net movement In fulS is staled after chargin{Credi11ryj. Fe8s payable for the audit of th8 tharity's financial statements Depreall¢m of ced tangible fixed assets 5,300 4,798 4.292 9.427 Tmsttss Non8 of th8 Irtjstees (or any psOn$ c>)nnect&l wilh them) recetved any remuneration or benefits from the charity during the year. Employees The average Month number of employees during Ihe year was.. 2025 Numbor 2024 Number CEO Seruor rnanagemenl Dellvery staff Administralion Information technology 14 17 12 Total 28 18-
HUMBER LEARNING CONSORTIUM NOTES TO THE FINANCIAL STATEMENTS (cOnNUED> FOR THE YEAR ENDED 31 MARCH 2025 Employoes {Contfnuedl Employmont costs 2025 2024 ges and salaries Social security costs Other pen8lon costs 859,154 77,566 88,201 1.016,854 93,766 103,800 1,024.921 1,214,420 The number of empk)yees vthose annual remUneratIL was more than £60.OOLI Is as follows: 2025 Number 2024 Number £60,001- £70,fKJO £70,001- £80,000 10 Taxatlon The charlty Is exempt from taxali)n on its actfvltl bU50 all Its income is aPled for charitable purposes. 11 Tanglble flxed assets Plant and ¢qpmont C05t Al 1 April 2024 Additions Disposals 34,687 1.04 16861 At 31 March 2025 35,050 DeproGlallon and Impalrnent Al 1 Aprtl 2024 Depreciation charged in the year iminated in respect of i*sposals 29.073 4,798 162g) At 31 March 202S 33.242 Carrylng amount At 31 M2rch 2025 1.808 At 31 March 2024 5,614 19-
HUMBER LEARNING CONSORTIUM NOTES TO TrIE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 DebtoY6 202S 2024 Ajnounts falllng duo V41th1n ono yfjar. Trade debtors Prepaym&nls and accnd income {25,749) 551,555 29,8 669,647 525,8 699,453 13 Crodltors: amounts falllng due wlthin one year 2026 2024 Noles other laxatlon and scoal security Deferr6d income Trade creditor8 AGcruals 23,874 50,254 2.382 474.551 13,859 35.528 228,715 569,678 14 551,L1 847.780 14 Deforrod Incon 2026 2024 other deferred irthme 50.254 35.528 Defewed income is Ined in Ihe finat ststements as fou.. 2025 2024 DefeThed income 1$ irKILKled within.. cent liabilities 50,254 35,528 Movements in the year. Deferred incorne al 1 April 2024 Released from pleOu$ pemds Resources deferTed in the year 35.528 135,5281 50,254 642,997 {642,9971 35,528 Deferred income at 31 March 2025 50,254 35,528 15 Redrement b•n8fit sch•m•s 2026 2024 Deflned contrlbullon heMeS Charge to profil or loss in r8sped ol defir*d contriLKrtKJn se$ 88,201 103,800
HUMBER LEARNING CONSORTIUM NOTES TO TrIE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Retlrement benefft schemes (Contlnued) The charfty operates a defined ¢x)ntrit4Jb'on peftS1 8cheme for all qUalI.ng employees. Th8 assets of the scheme are hdd s8paratety from those ofthe chanty in an independently adMlStered fund. 16 Rtsstri¢t8d funds The restrcted funds of the charity comprise the unexpended balances of donations and grants held on tnjst subject to specific conditions by as to how they may be us8J. At 1 Aprfl 2024 Incomlng ResOue$ gxpand8d Tr4nsfers At 31 March 2025 High Needs Leamer5 Funding UKSPF ExplLYing oPptUnItieS East Riding UKSPF Exploring Opportunities Hull UKSPF Exploring Empbymerrt UKSPF Exploring Volunteering UKSPF Families Leamir4J Together {125) 75,098 175,0981 1125) 1.002,365 (1.(M)2,3611 73 754.Y20 1,000,000 8C0,o 1754.873) 1999,990) 1799.949) 110) 151) 299,646 232.832 (299.637} (232,6321 19) {195) 4.164,861 (4.164,740) 1711 Prevlou5 year.. At 1 Aprfl 2023 Incomlng Re50ur¢es resour¢es expended Transf8rs At 31 March 2024 YEI ESF Springboard This Ability BBO Springboard 3 High Needs Leamers Funding UKSPF Exploring Opportunities East RidirrfJ UKSPF Exploring Opportunities Hull 25.398 1.319 559.055 976,546 152,282 815,190 7.700 (463,0551 1979,1501 1149,8541 1813,282) (7.825) (121,398) 1,285 (2.428) (1.908) {125) 737,725 1737.802) 17n 686,282 (686,275) 26.717 3.934.780 (3.837.243> {124,449} 1195) 21
HUMBER LEARNING CONSORTIUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Unrestrfctsd fund5 The unrestrtct8d funds of th8 r*writy comprise the unexpended balan ofdonations and grants which ar8 not subject to specffic conditions by donors arKI grantors a8 to how th8y may be used. These Include de8ign8t8d funds whith have been set aside ¢yJt of unrestrTrcted funds by the tnjSt for 8p8cffic pUose5. At 1 April 2024 Incomlng Resources resources expended Transfers At 31 March 2026 Redundancy T88eN8 Adult Education Budgei Adult Skills Fund Spot Contracts Barbara H8wJh Inv6stm8nt FurKI Multiply East Mthng Mumlply Hull Study ProgrBmme General funds 175,386 12,4381 11,2351 172,948 9,192 451.644 30.Tf1 (7,95n 1447,3721 13D,7711 (2,0001 {301,2321 {333.5921 {160,5291 (86,391) 4,272 6.312 {811} (8.7741 678.836 301,328 338.700 162.503 29,511 16.4081 {4.2971 14,800) 636,331 14,375 852,949 1,325.649 {1,369.844) {3) 808,751 Prevlous year: At 1 Aprll Incoming Rosouwces 2023 resources eyndgd Transfers At 31 March 2024 Redundancy reserve AEB Youth Hub Bartra Hayh Investment FUNI CLLD Youth Hub 2 Youth Futures vpp Study Programme Multiply East RKling MultitY Hull General fiJrvJs 182,729 12.857 89,193 (6461 175,386 168,7+M (1,4811 (257,937) (2.100> (1,000} 118.583} {28.3001 {48.9721 {29,8561 (71,4771 (173,215> 1200,6841 {368:573) 4,227 156.890 895 29,563 27,523 48,524 29,856 64.703 175,000 2).1(7 384.022 {167,8701 1118) {6.774) 6,312 1811) 684.337 4,527 {227) 477.655 191,233 802,844 752.454 (826,798) 124,449 852,949
HUMBER LEARNING CONSORTIUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Analysls of net assets between funds Total nds 2026 funds 2025 2025 At 31 March 2026: Tangrble assets CU81 asselsllll8b11115es) 1.809 806,942 1.809 8LK,871 1711 808,751 1711 808.680 UnTrstrlct8d Rostrtct8d funds funds 2024 2024 Total 2024 At31 March 2024: Tangible assets Current a8setsllliabilities) 5.614 847,335 5,614 847,140 11951 852,949 {195 852,754 19 Related party trnnsactloDs The charitable company shares a mutual trustee with the GOo1n Development TrusL During the yèar payments e made by Humber Leaming Cons¢ytium to G0thn Development Trust amounting to £666,85712024 .. £556,859). 20 Cash gen8rated from 0ratIOnS 2025 2024 {DeficitVsurpus for the y 144.073) 23.193 Adjustments for.. Invèstment income recognL%ed in statement of financial actilIeS Depreciation and impaimienl of tangle fix assets (15,960) 4.798 15.1081 9,427 Movemerts in ¥tking caprtal.. Decrease In deblo IDecreaseYincrease in txeditors Increaselldecrease} in deferred income 173,647 1311,445) 14,726 2,908 408,600 1807,468) Cash absorbed by operatloTrs {178.3071 {168,448)