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← Tees Valley Learning Providers Network Limited

2024-07-31-accounts

Charfty reglstrarfon Trumber 1129696 IEn8land and Wales) Company roglstratl¢M number 06743505 TEES VALLEY LEARNING PROVIDERS NETWORK LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

TEES VALLEY LEARNING PROVIDERS NEfwoRK LTD LEGAL AND ADMINlStRATIVE INFORMATION MrMR Foster Mr DA Thompson Chjrfty number 1129696 Compary number 06743505 Prlndp81 address Blzspace, Office 13G Queensway House Queensway East Middlesbrough IndEst Teesside T53 8TF Reglstered offKe BIZSpa￿, Offlce 13G Queensway House Queensway East Middlesbrough IndEst Tee55ide T53 8TF Independent examlner Benson Wood Ltd Unit 21 Belasis Court Belasis Hall Technol¢)gy Park Billingham T523 4*2

TEES VALLEY LEARNING PROVIDERS NEfwoRK LTD Report OfThe Trustses ￿pCrt Independent examlner's report Ststement of financial activitie5 Balance sheet Notes to the financial ststements 7-13

TEES VALLEY LEARNING PROVIDERS NETWORK LTD REPORT OF THE TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 JULY2024 The trustees present their annu31 report and financial 5tstements for the year ended 31 Juty 2024. Amended finanaal statements These financial statement5 replace the orrginal financial statements, are now the ststutory financial ststements and a prepare(J as they were at th¢ date of the original financial statements. The ftnanclal ststements hwe been prepaTrd in a¢¢ordan¢e with the accounting p)licies set out In note I to the financlal statements and comply with the chartty's govemlng document. the Companie5 Art 2006 and "Accounting and Reporting by Chartties: Statrment of Recommended Practice applicable to charities p￿paring their accounts in accordance with the Financial Reportlng Stsndard applicable in the UK and RepublK of Ireland IFRS 1021 leffectlve l January 20191" Objedives ond Alms To provide the highest quality training opportunlties to the people of Tees Valley and offer a real alternative to the more traditional academic r￿s, in addition to increaslngthe awareness of Vocational progression routes. This in tum wlll lrnprove the skills levels.job opportunities and overall prosperity of the people of Teesvalley.

TEES VALLEY LEARNING PROVIDERS NEfwoRK LTD REPORT OF THE TRUSTEES REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 Collabordtive Network -41 members - 4 annual operational meetings including stakeholder and guest speaker updates - 2 annual strate8ic Steering group meetings, in addition to focus and task groups - 2 director and chair meetings Collaboratlve School Strategy- ASK Project rvLPN is a delivery partner for the Apprenticeship Support and Knowledge for schools and colleges programme IASKI. which is funded by the National Apprenticeship Services, part of Department of Education. Through the project delivery partners continue to offer every educational estsblishment a bespoke enga8in8 SUPPOrt package to transform apprenticeship and T-level knowledge, offering provision to years 10, 11, 12 and 13 across Tees Vallev. The project aim is to work with students, teachers, career advisers, and parentslcarers, alongside other key partners to support schools and ensure that they meet their statutory duties regarding the provision of impartial information advice and Euidance, specifically in relation to apprenticeships and T-levels. Schools Establishments Planning Meetings Activities Pupils Engaged FAA RegistratSons 55 55 58 60 183 8052 580 232 NIA FE Colle Establishments Planning Meetings Activities Pupils Engaged FAA Registrations 45 NIA 200 21 742 295

TEES VALLEY LEARNING PROVIDERS NETWORK LTD

REPORT OF THE TRUSTEES REPORT {INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2024

Collaborative Marketing

Collaborative Training

1. ILR Training

2. Designated Safeguarding Lead Training

3. Digital Safeguarding Training

4. Trauma Training

5. Managing Mental Health

6. Managing Menopause

Collaborative Partnerships

- Enhanced relationship with key Stakeholders - Tees Valley Combined Authority, AELP, Education and Skills Funding Agency, Job Centre Plus support in Schools, Local Authorities, 0-19 Services, National Careers Service and the National Citizen Service.

Structure, governance and management

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

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr MR Foster

Mr DA Thompson

The Report of the Trustees report was approved by the Board of Trustees.

Mr MR Foster Trustee Dated: ........................ . Q.6 \ l *I* '2c:)2..'-f

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TEES VALLEY LEARNING PROVIDERS NETWORK LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TEES VAILEY LEARNING PROVIDERS NETWORK LTD I report to the trustees on my examination of the finanaal statements of Tees Valley Learnln8 Providers Network Ltd (the charityl for the year ended 31 Juty 2024. Ilésponslblmiies and bJ51s of Teport As the trustees of the charity land also fts directt)rs for the purposes of comparry law), you are responsible for the epardtlon ofthe Ilnandal statements In accordan￿ wlth the requlrements ofthe Companles Art 2006. Having satisfied myself that the flnanclal ststements of the tharfty are not requlred to be audlted Under Part 16 of the Compante5 Act 2006 and are eligible for independent examirthion, I report In respect of my examlnatlon of the charitvs financial statements orried out under section 145 of the Charlties Art 2011. In carrylng out my examinatlon I have followed the Oirectlons gfven by the Charlty Q)mmission under sertion 1451511bl of the Charitie5 Att 2011. Independent examlner's statement I have completed my examlnation. I confirni that no matters have come to my attent￿n in connection with the examination giving me cause to belleve that In any matertal re5pert: l accountlng records were not kept in respett of the charity as required by sertKin 386 of the 2CK)6 Art: or 2 the financlal ststsments do not accord with those records; or 3 the finandal ststements do not comply with the accounting requirerftents of section 396 of the Companie5 Act 21>)6 other than any requirement that the financial statements give a true and fair vlew. whlch Is not a matter considered as part of an independent examination,. or 4 the financi415tatements have not been prepared In accord?nce with the methods and principles of the Statement of Recommended Practice for accountlng and reporting by chartties applicable to charlties preparln8 thelr financial statements In accordance wlth the FSnanch41 Reporting Stsndard appSlcable in the UK and Republlc of Ireland (FRS 1021. I have no concerns and have como acr055 fK> other mattets in connectlon wlth the examlnatlon to whith attention should be drawn in this report In order to enable a proper understanding of the finandal statements to be reached. MYS s whtyte Mrs Sharon White ACCA Ben50n Wood Ltd Untt 21 Belasls Court Belasls Hall Technology Park Billingham T523 4AZ 26/1ts2024

TEES VALLEY LEARNING PROVIDERS NEfwoRK LTD STATEMENf OF FINANCIAL ACTIVITIES INCWDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY2024 Unv•$trk￿ Unrestrirted fvnd$ funds 2024 2023 Income from: Donatlons and le8ades Investments 99,133 5,154 82.528 1.381 104,287 83.909 Raising fijnds 75.3 67.432 G0￿ManCe costs 1,417 L320 525 77.319 69.152 Net Income for the yearl Plet movement In fvnds 26,968 14,757 Fund balan￿5 at l August 2023 166.033 151.276 Fund hlanrns •t 3lJuty ZOZ4 I93.￿1 166.033 The statement of flnancS?l actlvftles Includ￿ all gain5 a￿1 losses recognised In the The 5t*ement of financial artlbttles Indudes all 8ains and losses reco8nlsed In the year. All Income arnl eMpendFtyre derl¥e from continuin8 activities. The statement of Ilnancial acti¥ltles also complies wlth the requirements for an income and expenditure ac¢owtt under the

TEES VALLEY LEARNING PROVIDERS NETWORK LTD

BALANCE SHEET

AS AT 31 JULY 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 9 869 173
Current assets
Debtors 10 2,064 1,740
Cash at bank and in hand 196,883 170,853
198,947 172,593
Creditors: amounts falling due within one
year 11 (6,815) (6,733)
Net current assets 192,132 165,860
Total assets less current liabilities 193,001 166,033
--- ---
Income funds
Unrestricted funds 193,001 166,033
193,001 166,033

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 July 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on ........................ .

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Mr MR Foster Mr DA Thompson
Trustee Trustee
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Company Registration No. 06743505

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TEES VALLEY LEARNING PROVIDERS NETWORK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JUIY2024 Accountlng poucies Charity InfqKmatioA Tees Valley Learning Providers Network Ltd is a pri4Bte company lirnited by guarantee incorpored in England and Wales. The registered office is Bizspace. Office 13G. Queensway House. Queensway. East Middlesbrough IndEst. Teesside, T53 8TF. 1.1 Atcountlng conventlon The financial statements have been prepared in accordan￿ wlth the charty'5 govemlng document, the Companies Art 2006, FRS 102 "The FinanciAI Reporting Standard applicable in the UK and Republic of Ireland. and the Chariknes SORP "Accounting and Reporting by Chartties: Statement of Recommended Prdctice applicable to charities preparing thelr accounts in acwrdance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021". The charity is a Publlc 8enefit Entty as defined by FRS 102. The charity has taken advants8e of the provlsions in the SORP for charltles not to prepare a statrment of cash flow5. The financlal statements are prepared in 5terlin& which is the funrtlonal currency of the charfty. Monetrry amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the hbstorlcal cost convention, Imodlfied to include the revaluation of freehold properties and to Include Investment properties and certain financial instruments at fair valuel. The principal accounting policies adopted are set out below. L2 Goln8 concern At the time of approving the financial statements. the trustees have a rea50nable pJpec&ltion th the charlty has adequate resources to continue In operational existence for the foreseeable future, Thus the trustees continue to adopt the goln8 concern ba515 of accountlng In preparlng the financlal ststements. 13 Charftable funds Unrestricted funds are awdilable for use at the dixretion of the trustees in furtherdnce of their charitsble objectives. Restricted funds are subjert to specific conditions by donors or grnntors as to how they may be used. The purposes and uses of the restrirted funds are set out in the notes to the financial statements. Endowment funds are subject te specific condltions by donorsthat the capital must be maintslned bythe charity. IA Income Income is recogni5ed when the ¢harity hs legdlfyl entitled to it after any performance conditions have been met. the amounts ran be measured rellably. and St15 probable that inwme will be receNed. Cash donation5 are recognised on receipt. Other donations are recognised On￿ the charity has been notif￿1 of the donation, unless performance conditions requlre deferral of the amount. Income tax recoverable in relation to donatlons re￿}Ved under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are reeognised on recelpt or otherwise If the charity has been f*)tlfied of an Impendlng dlstribution, the amount is known, and receipt is experted. If the amount Is not known, the legacy is treated as a contingent asset.

TEES VALLEY LEARNING PROVIDERS NEfwoRK LTD NOTES TO ThE FINANaALSTATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 JULY2024 Ac￿untIng pollcles Iconllnued) L5 Expendltsre Expendtture is re￿￿nI￿d once there Is a legal or constructive obli8ation to transfer economic benefft to a thlrd party. it is probable that a transfer of economic benefits will be required in settlement. and the amount of the obli8*ion can be MeasU￿d rellably. Expenditure is dassified by activity. The c05ts of eath actNty are made up of the totsl of dI￿¢t costs and shared u)sts, Includin8 SUPPOrt costs irM)Ived in undertaking each activty. Direct costs attributsble to a single activrty are allocated dire¢tty to that artivlty- Shared costs whlch contribute to more than one activity and support costs which are not ttributable to a single activity are apportioned between those activities on a basis consistent wth the use of resourc￿. Central stsff costs are allocated on the basis of time spenL and depreciation tharges are allocated on the portion of the assevs ￿e. Expendlture Is accounted for on an accruals basis has been classifled under headings that aggregate all cost related to the category. Where costs cannot be direth attributed to particular headiry they ha¥e been allocated to attivities on a bois consistent with the use of resources. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. net of depreciation and ary impaimient losses. Deprecfjatlon is recognised so as to write off the w5t or valuation of assets less their residual values over their useful lives on the following bases: Fixtures and fittings Computers 25% on cost 25% on cost The galn or loss arfsing on the dlsp05al of an asset is determined as the dIffe￿nCe between the sale proceeds and the carryingvalue of the asset. and is recogni5ed in the ststement of financial activitie5. 1.7 Impalfment of flxed assets At each reporting end date, the charbty reviews the carrying amounts of its tsngible assets to determine whether there is any indication that those assets have suffered an impairment Ioss. If any suth indication exlsts. the recoverable amount of the asset is estimated in order to deterniine the extent of the impaimient loss lif any?. IA Cash and cash equl¥4lents Cash and cash equivalents include cash in hand, deposits held at call with banks. other short-term Ilqurfl Investments wlth orlginal maturftie5 of three months or les5, and bank overdFaft5. Bank overdrdfts are shown wlthln borrowlngs lft current1Sabllities. 1.9 Finand•l Instnjments The charity has elected to apply the provisions of Sertion 11 'Basl¢ Finanoal Instruments, and Sertion 12 '0ther Financial Instruments Issue5. of FRS 102 to all of its financial in#ruments. Financial instruments are recognised in the tharity's balance sheet when the chaiity becomes party to the contractual provisions of the inttrument. Financlal assets and Ilabllltles are offseL wth the net amounts preserted in the financial 5tatemerrts, when there is a legally enforceable right to set off the recognised amounts and there Is an Intention to settle on a net basls orto realise the a55et and settle the liability simultaneou51y.

TEES VALLEY LEARNING PROVIDERS NEfwoRK LTD NOTES TO THE HNANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 AccounilTrd policles (Continued) Basic finanual assets. whlch indude debtors and cash and bank balances. are Initially measured at transaction price including transaction costs and are subsequently carried at amortised cost Using the effecttve interest method unle55 the arrangement conrtitutes a finanang transaction. where the transartlon is measured at the present value of the fLrture receipts discourrted at a market rate of interest Flnancial assets ckssified as receivable wlthin one year are not amortlsed. 8askAlnandol Iloblllt Basic financial liabllitie5, including t￿ditOrS and bank loans are inltially reco8ni5ed * trn5a¢tion price unless the arrangement constitutes a financing trdn5artion. where the debt instrument is measured at the present value of the futu￿ payments discounted at a market fate of interesL Financial Itabilitie5 dassified a5 payable within one year are not amortised. Debt Instruments are subsequently carrfed at amortlsed cost uslng the effeLtlve Interest rate method. Trade creditors are obligations to pay for goods or services that have been ècqulred In the ordinary course of operatlons from suppliets. Arnounts payable are classlfied as current Ilabilltles If payment Is due within one year or less. If not. they are presented as non-current Ilabllltles. Trade ¢￿dItOrS are recognlsed Inltlalty * transartlon pr1￿ and subsequently measured * amortised cost using the effective Interest method. Derecoqnitlon offinonciolllabllltles Financial liabilities are derecognised when the charlws contrnctual obllgatlons expire or are discharged orcancelled. 1.10 Employee beneflts The cost of arw unused holiday entitlement ￿ recognised in the perlod in which the employee's seThlces are received. TermInat￿n beneffts are recognised imMed￿telY as an expense wtr￿ the charfty is demonstrably committed to terminate the employment of an employBe or to provide terniination beneffts. i.li RetlrnTwnt benefft5 Payments to defined contribution retirement benefft sthemes are thaTged as an expense a5 they fall due. Crltlcal accountsng estlmates and judBthTrents In the application of the charlvs a¢countln8 policies, the trustees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilitie5 that are not readily apparent from other 50urce& The estlmate5 and aswciated asstsmption5 are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimes and underlying assumptlons are revlewed on an ongoing basis. Revision5 to accounting e5timate5 are recognised in the period in whbch the e5time is revised where the revislon affects only that period. or in the period of the revislon and futu￿ perlods where the revision affects both current and future periods.

TEES VALLEY LEARNING PROVIDERS NEfwoRK LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 Don*loDS and legades Unrest11rt￿ Unrestrlcted funds 2023 Project and grdnt funding Services and members, fee5 73,925 25.208 58,793 23,735 99,133 82,528 Unrestrlcted Unrestricted funds funds 2023 Interest recelvable 5.154 1,381 Ra151n8 fvnds LIMertrf¢ted UnrestrSrted fvfids funds 2024 2023 Fundraisin Support costs and blicl 75.377 67.432 75,377 67.432 10-

TEES VALLEY LEARNING PROVIDERS NETWORK LTD NOTES TO THE FINANaAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 Support costs 2024 Support costs Govemance Costs 2023 stsff costs Dep￿(latIOn Travelllng Room hSre and catering costs Telephone Postage and stationery Sundrie5 Sub5criptlons Event cost5 Repa1￿ and renewa15 Advertising Bookkeeping Rent Insurdnce 45.995 106 1.179 45.995 106 1.179 43,313 58 1.494 43,313 58 1,494 1.772 1.772 1.359 739 1,359 739 378 1.471 945 378 1.471 945 7.076 7,076 385 385 6,584 293 4.753 1.104 459 4,830 298 4.650 1,051 459 4,830 298 4.650 1.051 293 4.753 1.104 Bad debts Accountsncy 525 1,417 525 1.417 400 1320 1.320 75.377 1,942 77,319 67,432 1.720 69.152 Ana￿Sed between Fundraislng and charitsble artivities 75,377 1.942 77,319 67,432 1.720 69.152 Trustees None of the trustees lor any persons connerted wlth them) received any remuneratlon or beneffts fmm the charity during the year. 11

TEES VALLEY LEARNING PROVIDERS NEfwoRK LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 EmployeÈs The aver4ge monthty number of employees durin8 the year was: Numhr Number Employment costs 2023 Wage5 and salaries Other pension costs 45.023 9n 42,411 902 45.995 43.313 Tanglble flxed assets ffttln¢5 At l August 2023 Additions 670 172 1.618 629 2.288 At 31 July 2024 2,247 3,089 Dwedatlon and imp•lrnwnt At l August 2023 Depreciatlon charyed in the year 497 61 1.618 2.115 105 At 31 July 2024 558 1,662 2.220 Caftyini amount At 31 JLbly 2024 585 At 31 July 2023 173 173 12-

TEES VALLEY LEARNING PROVIDERS NEfwoRK LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 10 Debtors 2024 2023 Amounts fallifft8due withln one year. Trade debtots Prepayments and accrued income 1,099 965 955 785 1.740 11 Crndltors: amourts fallknE due wlihln one year 2023 Other tsxatlon and soclal securlty Deferred income Other creditors Accruals 437 1.800 722 3.856 499 722 3,712 6.815 6,733 Deferred Income 2023 Other deferred income 1.800 Deferred Income Is Included in the financial Statements as follovts: Deferred Income Is Included within: current1sabilitie5 There were no movements in the year. 13-