Company Number: 07066687
Charlty Number: 1144894
Instructus,
{A company limited by guarantee)
Consolidated Financial Statements For
the year ended 31 July 2024

INSTRUCTUS
COMPANY LIMITED BYGUARANTEE
CONTENTS
Officers and professional advisors
Trustees, Annual Report (incorporating the direttors, report)
2-13
Independent Auditorfs Report tothe members of Instructus
14-17
Consolidated Statement of Financial Activities {Including income
and expenditure account)
18
Consolidated Statement of Financial Position
19
CompanyStatement of Financial Position
20
Consolidated Statement of Cash Flows
21
Notes to the Financial Statements
22-37

INSTRUCTUS
COMPANY LIMITED BYGUARANTEE
OFFICERS AND PROFESSIONAL ADVISORS
Registered charity name
InstructUS
Charity Registration No.
1144894
Company Registration No..
07066687
Trustees:
Mr N P Hopkins {Chalr)
Ms A S Cooper
Ms J A Norrington
MsEJRush
Mr R Traish
Ms R Allen
Ms S Frost
Company Secretary:
MrA Hammond
Registered Office:
Suite 103a
Harborough Enterprise Centre
Compass Point Business Park
Northampton Road
Market Harborough
Leicestershire
LE16 9HW
Auditor:
TC Group
31 High View Close
Hamilton Office Park
Leicester
LE4 9UH
Bankers:
Unity Trust Bank PIC
Nine Brindley Place
Birmingham
B12HB
Solicitors:
Freeth Cartwright LLP
Cumberland Court
80 Mount Street
Nottlngham
NG16HH

INSTRucrus
COMPANY LIMITED BY GUARANTEE
TRUSTEES, ANNUAL REPORT (Incorporating the Directors. Report and Strateglc Report)
FOR THE YEAR ENDED 31 JULY 2024
The trustees, who are also the dirertors for the purposes of company law, present their report and the
financial statements of the charity for the period ended 31 July 2024.
Reference and administrative details
Reference and administrative details are shown intheschedule ofofficers and professional advisers on page
l of the financial statements.
The Trustees
The trustees who Served the charity during the period were as follows:
Mr N P Hopklns Ichairl
M5J A Norrington Ms E J Rush
Mr R-Traish Ms R Allen Ms A Cooper
Ms D'Rapkins lappointed 15.03.24} {resigned 13.11.241
M5 S Frost (appointed 28,06.241
M5 J Seyrnour (resigned 08,09.23)
Structure• governance, and management
Constitution
Instructus is a registered charity (Charity No: 1144894) and a company limited by guarantee {Company No:
070666871, which is incorporated in England and Wales.
Governin8 document
The company was established under a memorandum of a550Ciation which established the objects and
powers of the charitable company and is governed under its articles of association.
Trustee appointment and management
Trustees are appointed by the board of trustees.
The charSty has robust recruitment, induction, appraisal, and training processes in place for all trustees.
Trustees receive frequent reports on operatlons, human resources, risks, and finance. Financial governance
15 a top priority for trustees: the CEO holds regularfinance meetings and holds regular audlt meetings with
the executive team, where at least one trustee is present, and where performance is reviewed, targets are
agreed, and financial governance is scrutinised to minimi5e risks and maximise income potential. Trustees
meet every three months for board meetings and once a yearto agree the strategic direction of the charity
over the ensuing three-year period. The Risk & Audit Comrnfftee meets formally four tlmes per yeari plus
additional meetings to revlew budgets as required. Trustees act as Chair of the Risk & Audit Committee.

INSTRUCTUS
COMPANY LIMITED BY GUARANTEE
TRUSTEES, ANNUAL REPORT (Incorporating the Dlrectors, Report and Strategic Report)
FOR THE YEAR ENDED 31 JULY 2024
The trustees delegate operational powers to the Chief Executive Officer, who is responsible for
implementing the strategies and operatingthe charity.
Arrangements for setting the remuneration of the charity's key management personnel lie with the Chief
Executive {for his direct reports} and with the Chairman of the board for the Chief Executive. The
performance and development review documents are used to assess the performance ofthe key personnel
and the financial performance of the charity, and its subsidiaries are used as benchmarks to agree any pay
amendments.
Our trustees have concentrated on the strategic plan to ensure the organisation returns to a surplus
position following losses incurred during and post pandemic. The Trustees understand the key challenges
facing In5tructUs and as well as their detailed induction training, re￿1ve regular updates on the
perforrnance of the charity.
Introduction
Instructus is a charity whose objerts are "to advance educationfor the public benefit by promoting
qualificotions training andskills".
Instructus is the sole owner of CQM Training & Consultancy Ltd. The Springboard Consultancy is a brand
within Instructus.
Instructus is the UK'S pan-sector standard setting body for business skills at work across the UK. It is
responsible for setting Standards, developing vocational business qualifications and apprenticeship
frameworks, registerin& and issuinE pan-sector apprenticeship frameworks.
As part of our commitment to maintaining the UK Skills system, we are a strategic partner with Skills
Development Scotland who operate the nation5 Standards and Framework agreement.
Instructus continue to certify apprentI￿shipS in the devolved nations, alongside legacy frameworks in
England. We consistently achieve quality metrics agreed with the Federation for Industry Sector Skills &
Standards IFISSS).
The Springboard Consultancy is an international training and personal development consultancy that
contributes to achieving greater equality in the world by helping attendees be the best they can be and
realising their full potential both in their personal lives and at work. Springboard sits as a brand within
Instructus.
Springboard programmes make a significant difference to people's lives and are delivered by employees
and a network of liCen￿d freelance and in house trainers. As of July 2024, we had a global network of 135
licenced trainers deliverlng programmes both In the UK and Internationally with 2,812 individuals
benefiting from development over the year.

INSTRucrus
COMPANY LIMITED BY GUARANTEE
TRUSTEES, ANNUAL REPORT (Incorporatlng the Directors. Report and Strateglc Report)
FOR THE YEAR ENDED 31 JULY 2024
CQM Training and Consultancy Ltd delivers tralnlng prinopally across the UK wlth some internatlonal
provision. CQM offer development programmes in the areas of leadership and management, continuous
improvement, and vocational skills. As a lead provider on the Register of Apprentlceship Training Provlders
{ROATP), CQM dellver a range of apprenticeships in many different market see(ors.
All activity conducted by Instructus, The Springboard Consultancy and CQM Training & Consultancy Ltd has
a direct and positive public benefit. Our work in qualifications, training and skills always focuses on
individual learners at the heart of our offering. The more people we can develop, the more lives will be
transformed.
Performance
The in-year performance was in line with expectations, prlmarlly due to the following reasons:
Delivery of strategic plan to return to organizational surplus:
Overperformance of Skills Development activity.
Continued stringent cost management.
There are many positive5 to note:
Both organisations delivering surplus.
SBC revenues are In line wlth orlginal budget.
Development work on the Springboard portfolios continued.
Cash performed In line wlth forecasts.
Learner tracking processes improved.
Office relocation to Market Harborou8h savlng £20k per annum Ireallzed In 2024/25 budget).
There were inevitably some challenges is the year:
CQM achieving a 'requires improvemeny inspection from Ofsted.
Lower Commercial programme sales than anticipated.
Revenue in m05t channels remain static- addressing this is the core strategic focus for 2024/25.
Financlal
Group cash position at year end was £244K. This was above the reserve level agreed by the board.
CQM returned a profit of £15,595.
Instructus returned a surplu5 of £26,636.

INSTRucrus
COMPANY LIMITED BYGUARANTEE
TRUSTEES. ANNUAL REPORT {Incorporating the Directors. Report and Strategic Report)
FOR THE YEAR ENDED 31 JULY 2024
Average Monthly Revenue
2021122
2022123
2023124
2024/25
Budget
£42.5K
£97K
£26.5K
£22K
£7K
Springboard
CQM Apprenti￿ShipS
CQM Commercial
Certification
Skills Development
£35K
£IIOK
£20K
£37K
£9.5K
£38K
£103K
£21.5K
£24.5K
£5K
£38.2K
£105K
£17K
£22K
£9.8K
We have taken a cautious approach to budgets for 2024125 with growth focused on Springboard and CQM
Commercial programmes. We have increased our marketing effort against both these channels and our
improved forward pipeline supports the achievability of the budget in these areas.
Our budgets for 2024/25 have been agreed by the board. Achievement of budgets will result in an overall
surplus of circa £55K with a stretch target of £IOOK.
After reviewing budgets, forecasts and cash flow, the board of CQM are satisfied that the organisation
remains a going concern overthe next 12 months.
After reviewing budgets, forecasts and cash flow, the board of Instructus are satisfied thatthe organisation
remains a golng concern over the next 12 months.
Custorner
In 2023/24 CQM achieved £208K of commercial work, with £75K of this from new clients and £133K from
existing clients.
Inthe comingyear we are focusing our sales and marketing effort on core apprenticeships and commercial
work, particularly that of a higher value. Our commerclal day rate has been reviewed and increased
proportionately accordingto level of deliveryand capabilty. We have undertaken a profitability analysis of
all products, allowing us to streamline our programme delivery and product offering. We have tightened
our processes of tracking earners to ensure there are no extraordinary adjustments for fijnded learners
due to withdrawals or breaks in learning. We were disappointed to re￿1ve a 'requires improvemeny
judgment from Ofsted and a revised and reinvigorated Quality Improvement Plan has been deployed to
ensure we correct this position at reinspection.
In Springboard work has continued recoveTing royalty payments, bringing licencing agreements in line,
creating an Open Cohort schedule, improvinE the trainer licencing pro￿$$, and increasing sales value of
programmes. Account Management has become more consistent with better relationships being created
across the piece. In 2024125 we are planningto update the core products alongside an increased marketing
focus.
Key commercial wins for CQM this year have included Phinia LSSGB phases l and 2, Britvic L5SGB phase 2.
AB World Foods LSSBB and CMA Lean Awareness & White Belt delivery.

INSTRUCTUS
COMPANY LIMITED BYGUARANTEE
TRUSTEES, ANNUAL REPORT (Incorporatlng the Directorf Report and Strateglc Report)
FOR THE YEAR ENDED 31 JULY 2024
For Springboard, National Grid continue to be a valued customer havlng multiple cohorts of Springboard,
Spring Forward and Navigator. Other significant new business includes UKAEA and WPP, with multiple cohorts
delivered both in the UK and internationally.
We met all ￿rtIfiCation quality scores throughout the year.
Employer feedback as measured by the E5FA was 4.0 (Green)
Apprenti￿ feedback as measured by the ESFA was 3.6 (Green)
People
We saw a significant dec￿aSe in staff sickness rates from l.y% to 0.4% in the year.
We regularly measure staff satisfaction through a 'pulse' su￿eY every Six months, which identifies key areas
for us to v4ork on.. Wé measure employee engagement through our net promoter Score whi£h is currently
4. The range of score5 IS-IIJ) to 100, with anything between 0-30 being considered Good and anything over
30 being Excellent.
We continue to focus on employee trainlng and development, accessing training courses, ongolng CPD,
apprenticeships andcoaching, regularly revlewed through line managerdevelopmenttouchpoints alongside
an appraisal process.
We have a sulte of mandatory training courses coverlng all statutory requirements, Includlngsafeguardln&
health and safety, GDPR and anti-bribery. complian￿ with this training is monitored and reviewed on a
regular basis.
The CEO leads quarterly Health and Safety meetings which are reported to the Risk & Audit Committee and
board as appropriate.
Impact
2.812 people have been developed throu8h Springboard Programmes (in-house & freelance} overtheyear.
We have licensed 13 new people to deliver Springboard Programmes, bringing our total number of active
trainers to 135. We have successfully certified 7,041 people across the UK. 401 were against English legacy
frameworks, 3,112 in Wales, and 3,528 in Scotland.
We have continued to focus on Improvement Standards programmes which helps build the skills levels
cross organisations, with some significant business Improvements being achieved. Indeed, we have seen
apprentices on our improvement standards apprenticeship programmes deliver over £3m in savings for
theirorganisationseven duringa toughtimefor many, plusof coursegaininga skillsetto be ableto continue
to deliverthat year on year.
We have successfully led 112 CQM learners through EPA. We currently have 345 learners on apprenticeship
programmes with CQM, wlth an addltional 25 currently on breaks in learning. Approximately 290 have
completed commercial training programmes.
We have continued to support a wide variety of employers, training providers, awarding organisations and
professional bodies with the development of learners and skills forthe future.

INSTRucrus
COMPANY LIMITED BY GUARANTEE
TRUSTEES. ANNUAL REPORT Ilncorporating the Directors. Report and Strategic Report)
FOR THE YEAR ENDED 31 JULY 2024
Skills Projerts
At the start of 2023 Instructus secured the preferred supplierstatus for Skills Development Scotland (SDSI
for a further four years. Having secured this preferred supplier status, Instructus has continued to secure
projects via competitive bidding. During 2023124 funding was secured to deliver the following projects,
which were delivered on time and on budget.
UK Wide N05 Review for5ales
UK Wide NOS Review for Risk Management
Research Review for Scottish Technical Expert Group (TEG) for Business and Digital Admin
Welsh Apprentittshipfrdmework review for Management
Welsh Apprenticeship framework review for Business Admin
Welsh Apprenticeship framework review for Customerservice
Welsh Apprenticeship framework review for Marketing
Welsh Apprentitrship framework review for Sales & Telesales
Welsh Apprenti￿Ship framework review for Contact Centre
Welsh ApPrenti￿ship framework review for Translation & Interpreting
UK Wide analysis into SOC for NOS
Welsh NOS translations
Charity and Social Impact
The Charitable object of Instructus is "to advance educotion for the public benefit by promoting
qualifications training and skills-.
As an organisation all our activity is focused on delivering this charitable objett. We have a simple theory
thatdeveloping peopletransforrns lives. We believethatthatouractivities cultivatea positiveeconomicand
social impact for those we senie. This can be as simple as official ￿rtifICation of the hard work that has
gone into an Apprenticeship, throughtothe deliveryofanApprenticeship, buildingthe skillstoforgecareers
and deliver comrnercial returns for the UK economy. This can be the delivery of Personal Development
programmes that help promote inclusion and close gender pay gaps, through to life changing decisions
from our participants that benefit businesses, communities, and individuals alike.

INSTRUCTUS
COMPANY LIMITED BY GuARA￿rEE
TRUSTEES. ANNUAL REPORT (Incorporating the Directors. Report and Strategic Report)
FOR THE YEAR ENDED 31 JULY 2024
Ourwork can be broken down into 3 key areas
Qualifications
Training
Skllls
Certrfication of English
Apprenticeship Frameworks
Apprenticeships across a wide
range of Standards
National Occupational
Standards Review Projects
Certrfication of
Apprenticeships in Scotland,
Wales & Northern Ireland
Lean Six Sigma Programmes
Qualification structure
reviews
Certification of Yellow, Green,
Black and Master Black Belt
practitioners
Management Programmes
Apprenticeshipframework
review, across the
devolved nations
Springboard Personal
Development Programmes
Licensing Programmes to grow
Springboard trainer base
These activities have driven significant public benefit and social value in a wide variety of areas, including.
New apprentices delivering the skills required by UK PLC
Individual growth which in turn impacts societal growth.
Improved business ROI as new skills are deployed to bring commercial benefrt.
Improved productivity
Improved equality
Simplification and development of the ski115 Systems across the devolved nations
In addition to OUT core activityi in 24/25 we are planning on expanding access to our core produtts and
services for the less advantaged. Initially this will be offering Springboard lI￿nCIng to Third Sector
organisations and repeating with Cl programmes if the pilot is Suc￿ssful.

INSTRucrus
COMPANY LIMITED BY GUARANTEE
TRUSTEES, ANNUAL REPORT (Incorporating the Directors, Report and Strategic Report)
FOR THE YEAR ENDED 31 JULY 2024
The following links give specific case studies give a flavour of the impact we are making.
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mltd.co,uk
celebratin
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rinces5-ro al-trainin
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articles
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delivered-hard-benefits-for-a-soft-drinks- iant
-how-c
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.com
024
08
celebratin
success south wales
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develo ment-
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2023
technical-lead-at-natioal-
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environmental-cham ion-lisa-baines-environmental-
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2023
08
national- rid-case-stub
Quality Assurance
Instructus has contlnued Its role as both an Issuing Authorlty and Certification Body for apprenticeships in
the UK, meeting all statutory and regulatory obligations. Instructus prides itself of continuous
improvement of internal and external prO￿sSes. Our certification team continue to slgnificantly
overachieve the targets set in our Service Level Agreements with the Federation.
We have various accreditations, including:
Cyber Essentia15
IA5ME Governance
Matrix Accreditation
Living Wage Employer
Quality remains a key focus for CQM, with a review of the Quality Improvement Plan belng a standing
agenda item on all board meetings. There has been a significant focus on making improvements following
the Ofsted inspection, We have engaged the services of the Fellowship of Inspection Nominees, (FIN) to
advise and evaluate our progress in the lead up to re-inspertion. This external evaluatlon confirms that we
are making good progress in all focus areas. In addition, we have asked an Instructus trustee to attend the
CQM board rneeting to add additional assurance on progress.
ESFA have reviewed our Quallty Improvement Plan andsupportthe actions being taken.
We have updated Springboard evaluations and intrOdU￿d pulse surveys at pertinent points throughout
the programme delivery alongside attending numerous programmes to ensure we monitor quality of
delivery. We are updating trainer materials to ensure consistency of approach and are moving resources to
an online facility to ensure they can be kept updated based on feedback and emerging perspectives.

INSTRucrus
COMPANY LIMITED BYGUARANTEE
TRUSTEES, ANNUAL REPORT (Incorporating the Directors, Report and Strategic Report)
FOR THE YEAR ENDED 31 JULY 2024
Risks
There are 4 key risk5:
Apprenticeships
We are awaiting details on what the newgovemment proposes in the skills/apprenticeship arena. The new
body'skills England, is being formed and the ESFA is being merged into the Departmentfor Education. The
labour manifesto suggested they would introduce more flexibility to the apprenticeship levy to support
more modular programmes, but details are yet to be released, and no additional funding has been made
available.
Sadly, the apprenticeshipfunding bands remain unchanged since 2017, with all inflation*ycosts being met
by providers. In addition, the regulatory compliance for delivery of apprenticeships continues to grow,
despite no additional funding.
Pressure to achieve apprenticeship completions remains. We are above the median position acros5
providers and are striving to continue our upward trend to achleve more than 60% for 2024/25.
We closely monitor developments and are focusing on our strategy of increasing our commercial
programme5 alongside delivering high quality and effective apprenticeships.
Refreshing Springboard Products
The current materials were last updated in 2019 and are in need a of a refresh or even full re-write. In
2024125 we are focusing on Springboard Women's Programme followed by the Navigator programme.
Funding growth
Cash has performed in line with expectatron and the organisation has returned to surplus. Despite this
there is little additional cash to fund growth. We have increased marketing budgets and are focusing on
updating programmes. Our intention is to ensure a sustainable long-tem) surplus which in turn will release
funds to invest in more inorganic growth.
Quality
Delivery of our Quality Improvement Plan is e55ential. Failure to deliver could compromise our ability to
deliver apprenticeshlps In the long term, whlch would si8nificantly restrict the impact we have as an
organisation. Progress is being monitored at both executive and board levels.
10

INSTRUCTUS
COMPANY LIMITED BY GUARANTEE
TRUSTEES, ANNUAL REPORT (Incorporatlng the Dlrectors, Report and Strategic Report)
FOR THE YEAR ENDED 31 JULY 2024
Reserves
The board have agreed a reserve level of £200K, rlslng to £250Katthe end of 2025. Thesefigures have been
agreed following a scenario analysis of liabilities in the unlikely event that the organisation cease trading.
Cash levels have been above the agreed reserves throughout the year and this position is forecast to
continue overthe next 12 months.
AII CBILS loan commitments have been met to date, and repayments are factored into forward budgets.
Future Strategic Plans
The board have reviewed our strategy over the year. Our core purpose continues as being 'Developing
People, Transforming lives,. In addition to delivering this remit in all our activity, we are aiming to show
that sustainable growth can be achieved. We also aim to access funding to increase access to our
programmes for the less advantaged. The board have agreed 3 strategic pillars to underpin our strategy
and performance is measured against these areas. These pillars are Inclusive Culture, Outstanding Quality,
and Smart Growth.
Key strategic priorities for the year ahead:
Promoting ourcore values of Authenticity; Inclusivity: Integrity.
Focusing on quality.
Continuing delivery of high-quality certification of apprenticeships.
Increaslng proportion of commeroal programmes, particularly Continuous Improvement and
Sprlngboard.
Delivering key skills development projerts, working closely wlth the devolved nations.
Updating core programmes.
Growing Sprlngboard prograrnme reach.
Delivering high quality targeted apprenticeships and improving completion rates above 65%.
Developing our staff, whilst maintaining a positive net promoter score.
Maintaining a surplus, with year-on-yeargrowth.
Investigating funding sources to support delivery of core prograrnmes to advantaged.
The board would like to thank the team for delivering a platform for growth and celebrate the difference
we are making to Individuals from our numerous and diverse inteNentions.

INSTRucrus
COMPANY UMITED BY GUARANTEE
TRUSTEES, ANNUAL REPORT (Incorporatlng the Directors, Report and Strateglc Report)
FOR THE YEAR ENDED 31 JULY 2024
Trustees, Responsibilltles
The Trustees, who are also Directors of Instructus for the purposes of company law, are responsible for
preparing the Report of the Trustees and the incorporated Strategic Report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally
Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year, which give a
true and fair view of the state of affairs of the charitable company and of the incoming resources and
application of resources, Including the income and expenditure, of the charltable company forthat perlod.
In preparing these financial statements, the Trustees are required to:
select suitable accounting policies and then apply them consistently;
observethe methods and principles in the Charities SORP:
make judgments and estimates that ale reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, 5ubjett to any
material departures disclosed and explained in the financial statements. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charltable company wlll continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy
at any time the financial position of the charitable company and enable them to ensure that the financial
statements comply with the Companies Art 2006. They are also responsible for safeguardlng the assets of
the charitablecompany and hencefortaking reasonablestepsforthe prevention and detection offraud and
other irregularities.
The Trustees are responsible for the maintenance and Integrity of the corporate and financial information
included on the Instructus website. Legislation in the United Kingdom governing the preparation and
dissemination of financial statements may differ from legislation in other jurisdictions.
In so far as the Trustees are aware:
there is no relevant audit information of which the charitable company's auditor is unaware; and
the Trustee5 have taken all steps that they ought to have taken to make themselves aware of any
relevant audit information and to establish that the auditor is aware of that information.

INSTRUCTUS
COMPANY LIMITED BY GUARANTEE
TRUSTEES. ANNUAL REPORT (Incorporating the Directors. Report and Strateglc Report)
FOR THE YEAR ENDED 31 JULY 2024
Auditor
Each of the person who is a trustee at the date of approval of this report confirms that:
sofaras they are aware, there is no relevant audit information of which the charity's auditor is
unaware; and
they have taken all steps that they ought to have taken as a trustee to make themselves aware of
any relevant audit information and to establish that the charity's auditor is aware of that
information.
The trustees, annual reportwas approved and signed on behalf of the board of trustees by:
Mr N P Hopkins
Trustee
Date: 2410112025
13

INSTRUCTUS
COMPANY LIMITED BY GUARANTEEE
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF INSTRUCTUS (continued)
FOR THE YEAR ENDED 31 JULY 2024
Oplnlon
We have audited the financial statements of Instructus ('the parent charity'l and its subsidiarles ('the
group,) for the period ended 31 July 2024 which comprise the Consolidated Statement of Financial
Activities, the Consolidated and Charity Statements of Financial Positlon, the Consolldated Statement of
Cash Flow5 and note5 to the financial statements, including a summary of si8nificant accounting policies.
The financial reporting framework that has been applied in their preparation 15 applicable law and United
Kingdom Accounting Standards, includlng FRS 102 "The Financial Reporting Standard applicable in the UK
and Republlc of Ireland" (United Kingdom GenerallyAccepted Accounting Prartlcel.
In our opinion, the financial statements:
give a true and fairview of the state of thegroup's and the parent charity's affairs as at31July
2024 and of the group's income and expenditure for the period then ended;
have been properly prepared in accordan￿ with United Kingdom Generally Accepted
Accounting Practice,. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for Oplnlon
We conducted our audlt In accordance with International Standards on Auditlng IUK} IISAS (UK)) and
appllcable law. Our responsibilities under those standards are further described In the Auditorfs
responsibilities for the audit of the financial statements section of our report. We are independent of the
charity in accordance with the ethical requirements that are relevant to our audit of the financial
Statements in the UK, including the FRC'S Ethical Standard and we have fulfilled our other ethical
responsibllitles in accordance wlth these requirements. We belleve that the audit evidence we have
obtalned is sufflcient and appropriate to provide a basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis
of accounting in the preparation of the financial statements is appropriate.
Based on the workwe have performed, we have not identified any material uncertainties relatingto events
or conditlons that, Indlvldually or collectively, may cast slgnificant doubt on the charity's ability to contlnue
as ag0ingc0n￿rn for a perlod of at leasttwelve monthsfrom when thefinancial statements are authorised
for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in
the relevant sectlons of thls report.
14

INSTRucrus
COMPANY LIMITED BY GUARANTEEE
INDEPENDENT AUDITOWS REPORT TO THE MEMBERS OF INSTRUCTUS {continued)
FOR THE YEAR ENDED 31 JULY 2024
Other information
The other information comprises the information included in the Trustees Report, other than the financial
statements and our auditorfs report thereon. The Trustees are responsible for the other information. Our
opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with ouraudit of the financial Statements, our responsibility 15 to read the other information
and, in dolng $0, consider whether the other Information is materially inconsistent with the financial
statements or our knowledge obtained in the course of the audit, or otherwise appear5 to be materially
misstated. If we Identlfy such materlal Inconsistencies or apparent materlal misstatements, we are requlred
to determine whether there is a materlal misstatement in the financial statements or a material
misstatement of the other information. If, based on the work we have performed, we conclude that there
is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Oplnions on other matters prescribed by the Companies Art 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the Trustees. Report which includes the Strateglc Report and the
Directors, Report prepared forthe purposes of company law, forthe financial yearfor which
the financlal statements are prepared is consistent with thefinancial statements; and
the Strategic Report and the Directors, Report included within the Trustees, Report has been
prepared in accordance with applicable legal requirements.
Matters on which we are requlred to report by exception
In light of the knowledge and understanding of the charity and itsenvironment obtalned inthe course of the
audit, we have not identified material misstatements in the Strategic Report or the Directors, Report
included within the Trustees, Report.
We have nothing to report in respect of the following matters in relatlon to which the Companies Act 2006
requires us to report to you if, in our opinion:
adequate and proper accounting records have not been kept, or returns adequate for our audit
have not been received from branches not visited by us; or
the financlal statements are not in agreement with the accounting records and returns; or
rtain dlsclosures of trustees, remuneration speclfled by law are not made; or
we have not received all the Informatlon and explanations we requirefor our audit.
15

INSTRucrus
COMPANY LIMITED BYGUARANTEEE
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF INSTRUCTUS (contlnued)
FOR THE YEAR ENDED 31 JULY 2024
Responsibilities of trustees
As explained morefully in thetrustees, responslbilities statement set out on page 12, thetrustees Iwhoare
alsothe dirertors of the parent charityforthe purposes of company law) are responsibleforthe preparation
of the financial statements and for being satisfied that they give a true and falrview, and for such internal
control as the trustees determine is necessary to enable the preparation of financial statements that are
free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the group's and the parent
charity's abillty to continue as a going concern. dlscloslng, as appllcable, matters related to going concern
and usingthe golng concern basis of accountlng unless the trustees either intend to liquidate the charity or
to cease operations, or have no realistic alternative but to do so.
Audltorfs responsSbllltles for the audlt of the flnanclal statements
Our objectives are to obtaln reasonable assurance about whether the flnanclal statements as a whole are
free from material misstatement, whether due to fraud or error, and to issue an auditorfs report that
includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit
conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists.
Misstatements can arise from fraud or errorand are considered material if, individually or in the aggregate,
they could reasonably be expected to influence the econornlc decisions of users taken on the basis of the
financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.
Irregularities, Including fraud, are instances of non-c0rnplian￿ with laws and regulations. We design
prO￿dureS in line with our responsibilities, outlined above, to detect material misstatements In respect of
irregularities, including fraud. Based on our understanding of the charity and its activities, we identified
that the principal risks of non-complian￿ with laws and regulations related to the Charities Act 2011, the
Charities Statement of Recommended Practice, UK tax legislation, pensions legislation, employment
regulation and health and safety regulation, anti-bribery, corruption and fraud and money laundering.
We understood how the charitable company is complying with those frameworks by making enquiries of
management and those responsible for legal and compliance procedures. We corroborated our enqulries
through review of board minutes and discussions with those charged with governance.
We assess the susceptibility of the charitable company's financial statements to material misstatement,
including how fraud might occur, by discussion with management from various parts of the business to
understand where they considered there was a susceptibility to fraud. We considered the procedures and
controls that the charitable company has established to prevent and detect fraud, and how these are
monitored by management, and also any enhanced risk factors such as performance targets.
Based on our under5tanding• we designed our audit procedures to identify any non-compliance with laws
and regulatlons identified in the paragraphs above.
We also performed auditwork overthe risk of management override of controls, includingtesting ofjournal
entries and other adjustments for appropriateness, evaluating the business rationale of significant
transactions outside the normal course of business and reviewing accounting estimates for bias.
16

INSTRucrus
COMPANY LIMITED BY GUARANTEEE
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF INSTRUCTUS (continued)
FOR THE YEAR ENDED 31 JULY 2024
There are inherent limitations in the audit procedures described above and the primary responsibility for
the prevention and detection of irregularities including fraud rests with management. As with any audit,
there remained a risk of non-detection of irregularities, as these may involve collusion, forgery, intentional
omissions, misrepresentations or the override of internal controls.
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website at www.frc.or
auditorsres
onsibilities. This description forms
part of our auditorfs report.
Use of the Audit Report
This report is made solelyto the charrws members as a body in accordance with Chapter 3 of Part 16 of the
Companies Act 2006. Our audit work has been undertaken so that we might state to the companws
members those matters we are required to state to them in an auditorfs report and for no other purpose.
To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the
company and the compan¢s members as a body for our audit work, for this repo'rt,. or for the opinions we
have formed.
Dilun Mistry FCA (Senior Statutory Auditor)
for and on behalf of TC Group
31 High View Close
Harnilton Office Park
Leicester
LE4 9UH
Date:
oi
2oz
17

INSTRucrus
COMPANY LIMITED BY GUARANTEE
CONSOLIDATED STATEMENT of FINANCIALACTIVITIES (INCLUDING INCOME AND
EXPENDITURE ACCOUNT}
FOR THE YEAR ENDED 31 JULY 2024
Year ended
Year ended
16 Month
ended
Total
Funds
2023
Unrestrlrted
Funds
2024
Total
Funds
2024
Note
Income and
endowments:
Charitable activities
Other trading activities
Investments
Total incoming
832,166
1,464,791
832,166
1,464,791
1,086,142
1,993,277
160
3,079,579
2,296,966
2,296,966
Expendlture on:
Raising Funds
Charitable Activities
Total expenditure
1,362,202
972,507
2,334,710
1,362,202
972,507
2,334,710
2,119,434
1,296,621
3.416.055
Net movement in
funds
137.744)
(37,744)
1336.476)
Reconclllatlon of funds
Total funds brought forward
296,833
296,833
633,309
Total funds carrfed forward
259,083
259,083
296,833
The Statement of Fina ncial Activitles includes all gains and losses recognised In the perSod, All fund5 relate to
unrestricted funds in both periods.
18

INSTRucrus
COMPANY LIMITED BY GuARA￿rEE
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
FOR THE YEAR ENDED 31 JULY 2024
31 July
2024
31July
2023
Fixed assets
Intangible fixed assets
Tangible fixed assets
87,975
14,070
102,045
14
14,977
20,977
Current assets
Stocks
Debtors
Cash at bank and in hand
16
17
2,583
334,420
244,802
602,781
2,706
323,984
252,954
579,644
Creditors: amounts falling due
wlthln one year
18
{307,157)
{316,056}
Net Current assets
274,647
263,588
Total assets less current liabilities
295,624
365,633
Creditors: amounts falling due after one
year
134,667)
(66,667)
Provisions
Other provisions
19
(1,8741
12,133)
Net assets
259,084
296,833
Funds of the charity
Unrestricted funds
Total charity fund5
259,084
259.084
296,833
296,833
25
Approved bythe Board of Trustees and signed on its behalf by:
Mr N P Hopkins
Trustee
Date: 2410112025
19

INSTRucrus
COMPANY LIMITED BYGUARANTEE
COMPANY STATEMENT OF FINANCIAL POSITION
FOR THE YEAR ENDED 31 JULY 2024
31 July
2024
31 July
2023
Fixed assets
Intangible fixed assets
Tanglble fixed assets
Investments
13
14
15
6,155
650,000
656,155
2,413
650,0
652,413
Current assets
Stocks
Debtors
Cash at bank and in hand
16
2,583
158,013
149,196
309,792
2,706
160,266
132,149
295,121
17
Creditors: amounts falling due within one
year
1139,808)
{148,031}
Net current assets
169,984
147,090
Net assets
826,139
799.503
Fund5
Unrestricted funds
826,139
799,503
Total funds
826,139
799,503
The surplus for the financial period of the parent company was £26.636 (year ended 31 July 2023:
deficit £185,752).
These financial statements were approved by the board of trustees and authorised for issue on behalf of
the board by:
Mr N P Hopkins
TNstee
Date: 2410112025
Company registration number: 07066687
20

INSTRUCTUS
COMPANY LIMITED BY GUARANTEE
CONSOLIDATED STATEMENTOF CASH FLOWS
FOR THE YEAR ENDED 31 JULY 2024
Year
Ended
2024
Year
Ended
2023
Cash flows from operating activities
Deficit for the financial period
(37,736)
1336,476)
Adjustmentsfor..
Tax charge
Depreciation of tangible assets
Amortisation of intangible assets
Profit on disposal of tangible fixed assets
Other interest receivable and similar income
Tax re￿iVed
Decrease in stock
Interest paid
Decrease/(increase} in debtors
IDecrease}lincrease in creditors
Net cash used in operating activities
7,092
81,975
1138)
(9)
17,978
69.558
(958)
(1601
123
7,787
{10,436)
{8,899)
39,759
1,079
10,837
155,336
158,203)
(140,979)
Cash flows from investing activities
Interest re￿iVed
Purchase of tangible assets
Purchase of intangible assets
Proceeds on the sale of fixed assets
Net cash used in investing activities
160
12,8291
18,0231
162
{7,852)
1,197
11,472)
Cash flows from fjnancing artivities
Repaymentof bank loans including interest
paid
140,059}
{53,5031
Net decrease in cash and cash equivalents
(8,152)
(195,9541
Cash and cash equivalents at beglnnlngof year
252,954
448,908
Cash and cash equlvalents at end of year
244,802
252,954
21

INSTRUCTUS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (contlnued)
FOR THE YEAR ENDED 31 JULY 2024
General inforniation
The charity is a public benefit entity and a private company limited by guarantee, registered in
England and Wales and a registered charity in England and Wales. The address of the registered
office is Suite 103a, Harborough Enterprise Centre, Compass Point Business Park, Northampton
Road, Market Harborough, Leicestershire, LE16 9HW. The financial statements are prepared in
Sterling, which is the functional currency of the charitable company.
Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charities preparing their accounts in
accordance wlth the Flnancial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102} - (Charitles SORP {FRS 1021), the Financlal Reporting Standard applicable ID the UK and
Republic of Ireland IFRS 102) and the Companles Act 2006.
Going concern
The board received detailed forecasts as part of the budget setting exercise for 2024/25. These have
been reviewed in August 2024, alongside an updated foTerast with no material changes. The board
is also assured that performance in Pl & P2 is tracking in line with the forecast position. Budgets
have also been stress tested looking at worst case scenarios. Based on the analysis, the board
concluded that Instructus remains a going concern well beyond the next 12 months.
Consolidation
The financial statements consolidate the financial statements of Instructus and all its subsidiary
undertakings.
The parent company has applied the exemption contsined in section 408 of the CompanlesAtt 2006
and has not presented its individual profit and loss account.
22

INSTRUCTUS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS {continued)
FOR THE YEAR ENDED 31 JULY 2024
Accounting policies (contlnued)
Judgements and key Sour￿ of estlmatlon Un￿rtaInty
The preparation of thefinancial statements requires managementto makejudgements, estimates
and assurnptions that affect the amounts reported. These estimates and judgements are continually
reviewed and are based on otherfactors, including expectations of future events that are believed
to be reasonable under the Circumstan￿$.
In the opinion of management, the are no key areas of judeement or key sources of estimation
Uncertainty that have a significant effect on the financial statements:
The following prinapal accounting policie5 have been applied:
Taxation
The charity is exemptfrom tax on income and gains, falling Within part 11 of the Corporation TaxAct
2010 or section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that these are
applied to its charitable objects. No tax charges have arisen.
Funds
General funds represent those monies which are freely available for application towards achieving
any charitable purpose that falls within the charitrfs charitable objects.
Designated funds are funds earmarked by the trustees for specific purposes.
Restricted funds, which have been given for a specific purpose and can only be used forthat purpose
without the consent of the donor.
There were no Designated or Restricted funds during the year ended 31 July 2024 or during the
period ended 31 July 2023.
Incoming resour
All incoming resources are included in the Statement of Financial Activities when the Charity has
entitlement to the funds, certainty of receipt and the amount can be measured with sufficient
reliability.
Income from grants are recognised when the charity has entitlement to the funds, any performan
conditions attached to the grants have been met, it is probable that the income will be received and
the amount can be measured reliably and is not deferred.
23

INSTRucrus
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 JULY 2024
Accounting pollcles (contlnued)
Resources expended
All expenditure is recognised on an accruals basls inclusive of VAT which cannot be fully recovered,
and is classified under the headings of the Statement of Financial activities to which it relates:
Expenditure on cha ritable activities include:
a. Expenditure on the charity's primary charitable purposes as described In the trustees, report.
b. Governance costs associatedwiththegovernance of thecharityand its assets. Included within
this category are costs associated with the strategic, as opposed to day to dayi management of
the charity's activities.
Expenditure on other activlties are directly attributable to speciflc activitles.
Defined contrlbutlon plans
Contribution5 to defined contribution plansare recognised as an expense in the period in which the
related service is provided. Prepaid contributions are recognised as an asset to the extent that the
prepayment wlll lead to a reduction in future payments or a cash refund.
Operntin8 leases
Rentals under operating leases are charged to the Ststement of Financial Activities on a straight line
basis over the lease term.
G(Mxlwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over
the compantys Interest in the net amount of the identifiable assets, liabilities and contingent liabilities
of the acqulred buslness.
Goodwill is measured at a cost less accumulated amortisation and accumulated irnpairment105ses. It
is amortised on a straight line basis over its useful life.
Intsngible asset5
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any
accurnulated amortisation and impairment losses.
24

INSTRUCTUS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (contlnued)
FOR THE YEAR ENDED 31 JULY 2024
Accounting policies (continued)
Amortlsatlon
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value,
over the useful life of that asset as follows;
Goodwill
Course development costs
10 years
3 years
If there is an indication that there has been a significant change in amortisation rate, useful life or
residual value of an intangible asset, the amortisation is revised prospectively to reflect the new
estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated
depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,
over the useful economic life of that asset as follows:
Fixtures, fittings, office and computer equipment
20%- 25%straight line
Investments
Investments, includlng Investments in subsldiaries, are initially recorded at C05t, and subsequentty
stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment 15 carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value eX￿ed5 the
recoverable amount, the asaret is impaired accordingly.
Stocks
Stocks of study guides and training course materials are measured at the lower of cost and estimated
selltng price less costs to complete and sell. Cost includes all costs of purchase, costs of converslon
and other costs incurred in bringing the stock to its present location and condltlon.
25

INSTRUCTUS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (contlnued)
FOR THE YEAR ENDED 31 JULY 2024
Accountlng pollcles (Contlnued)
Provlslons
Provisions are recognlsed when the entity has on obligation at the reporting date as a result of a past
event, it is probable that the entity will be required to transfer economic benefits in settlement and
the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the
Statement of Financial Position and the amount of the provision a5 an expense.
Provisions are initially measured as the best estimate of the amount required to settle the obligation
at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the
current best estimate of the amount that would be required in income or expenditure unless the
provision was originally recognised are recognised in income or expenditure unless the provision
was originally recognised as part of the cost of an asset.
Flnandal Instruments
A financlal asset or a financial liability is recognised only when the entlty becomes a party to the
contractual provisions of the instrument.
The Charity only has financlal assets and financial liabillties of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value.
There are no key areas of judgement or key sources of estimation uncertainty that have a significant
effect on the financial statements.
Limited by guarantee
The charity is a private company limited by guarantee and consequently does not have a share
capital. Each of the members is liable to contribute an amount not exceeding £10 towards the assets
of the charity in the event of liquidation.
26

INSTRUCTUS
COMPANY LIMITED BYGUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continuedl
FOR THE YEAR ENDED 31 JULY 2024
Charitable activities income
Year ended
31July 2024
Unrestricted
Funds
Year ended
31 July 2024
Total
Funds
Period ended
31 July 2023
Unrestrlcted
Funds
Period ended
31 July 2023
Total
Funds
Grants and contracts
Registration, certification
and
training income
Other Income
374,239
477,507
477,507
374,239
457,927
608,635
608,635
457,927
832,166
832,166
1,086,142
1,086,142
Other trading activities income
Year ended
31 July 2024
Unrestricted
Funds
Year ended
31 July 2024
Total
Funds
Paiod ended
31 ￿lY 2023
Unrestricted
Funds
Period ended
31July 2023
Total
Funds
Trainlng and consultancy
1,464,791
1,464,791
1,993,277
1,993,277
Investment income
Year ended
31 July 2024
Unrestricted
Funds
Yearended
31July 2024
Total
Funds
Period ended
31Aty 2023
Unrestricted
Funds
160
160
Period ended
31 ￿lY 2023
Totsl
Funds
160
160
Bank interest receivable
27

INSTRucrus
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 JULY 2024
6. Costs of other trading artivities
Year ended
31July 2024
Year ended
31July
2024
Period ended
31 Juty 2023
Period ended
31July 2023
Unrestricted
Funds
Total
Funds
Unrestricted
Funds
Total
Funds
Total costs
1,362,202
1,362,202
1,362,202
1,362.202
2,119,434
2.119.434
2,119,434
2.119,434
Year ended
Period
ended
31July 2023
31 July 2024
Training and consultancrf
materials
Staff costs
Staff training and recruitment
Travel and sustenance
Premises costs
Legal and professional fees
Other expenditure
Amortisation of goodwill
Depreciation
166,773
235,414
970,072
8.891
45,919
13,811
1,481,455
3.124
94,471
51,577
1.920
177,240
60,220
14,013
149,424
7,313
Expenditure on tharitable activities by fund type
Year ended
31July2024
Unrestrirted
Funds
Year ended
31 July 2024
Total
Funds
Perlod ended
31July 2023
Unrestrlcted
Funds
Period ended
31July 2023
Total
Funds
Instructus- training and skills
Support costs
958,581
13,926
972,507
958,581
13,926
972,507
1,270,81XI
25,821
1,296,621
1,270,800
25,821
1,296,621
28

INSTRucrus
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 JULY 2024
Expendtture on charitable artivities by activity type
Activities
undertaken
dirertly
Total
Year ended
31 July 2024
Total
Period ended
31 July 2023
Support
costs
Instructus Training and skills
Governance costs
958,581
958,581
13,926
972,507
1,270,800
25,821
1,296,621
13,926
958,581
13,926
Total
Year ended
31July 2024
Total
Period ended
31 July 2023
Instructus parent company-Trainin8 and skills artivities cost
Contract, project, re8iStratlon, tralnlng and certification costs
Staff cost5
Staff expenses, tralnSng and recruitment
Premises costs
Legal and professional fees
Other expenditure
Depreciation and amortisation
158,494
601,Crf)9
14,894
46,119
205,131
852,464
25,160
67,997
13
107,687
12,348
56,446
81,618
958,581
1,270,800
Governance costs:
Total
Year ended
31July
2024
Total
Perlod ended
31 July 2023
Auditor fees
Costs of tru5tees' meetings
12,450
23,585
21
Net experKliture
Net expenditure is stated aftercharging:
Year ended
Period ended
31July 2024
31July 2023
Amortisation and impairment of intangible assets
Depreclatlon of tangible fixed assets
Operating lease CL)St
81,975
7,092
1,642
69,588
17,978
47,171
29

INSTRucrus
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 JULY 2024
10. Auditorfs remuneration
Year ended
31 July 2024
Period ended
31 July 2023
Auditor's remuneration
Auditor's remuneration- non audit ServI￿S
17,750
7,700
25,450
18,735
6,983
25,718
11.
Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows..
Year ended
31July 2024
Perlod ended
31 July 2023
Wages and salaries
Social security costs
Other post retirement benefit costs
1,330,479
137,463
98,973
1,566,915
1,952,447
217,116
173.191
2,342,754
The average head count of employees duringthe yearended 31July 2024 was 32 Iperlod ended 31 July 2023:
361.
The numberof employees whose remuneration forthe period fell within the following bands, were:
Year ended
31July 2024
Period ended
31July 2023
£60.000 to £69.999
£80,000 to £89,999
£lI)O,000 to £109,999
£120,000 to £129,999
The key management personnel of the group comprise those of Instructus being the Chief Executive OffI￿r
and Managing Director and the key management personnel of its two wholly owned subsidiaries, CQM
Training and Consultancy Limited and The Springboard Consultancy Limited. The total for the group key
management personnel was £815,595 (period ended 31 July 2023.. £442,469).
30

INSTRUCTUS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS {continued)
FOR THE YEAR ENDED 31 JULY 2024
12. Trustee remuneration and expenses
No trustees re￿iVed remuneration for their services as trustees during the year ended 31 July 2024
(period ended 31 July 2023: None).
Trustees, travel and subsistence expenses of £448 (period ended 31July 2023: £1,541) were reimbursed
bythe charityto 3 (period ended 31 Juty 2023: 6) trustees duringtheyearended 31July 2024.
The charity has insurance to indemnify the trustees, other offi￿r5 and the charity against the
consequences of any neglect or default on the part of the trustees, employees and agents.
13. Intangible assets
Group and company
Course
development
costs
Asset under
construction
Software
G¢Jodwlll
Total
Cost
At l August 2023
Additions
954,758
4,058
10,000
968,816
At 31July 2024
954,758
4,058
io,ooo
968,816
Amort15atlonllmpalrment
At l August 2023
Charge forthe period
874,783
79,975
4,058
880,841
81,975
At 31 July 2024
954,758
4,058
4,000
962,816
Carrying amount
At 31 July 2024
6,000
6,000
At 31 July2023
79,975
8,CQO
87,975
The course development costs are company intangible assets.
31

INSTRucrus
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued}
FOR THE YEAR ENDED 31 JULY 2024
14. Tan8lble assets
Group
Equipment
Total
Cost
At l August 2023
Additions
Disposals
At 31 July 2024
222,435
8,023
154,719)
175,739
222,435
8,023
154.719)
175,738
Depreciation
At l August 2023
Charge forthe period
Ellmlnated on disposals
At 31 July 2024
208,365
7,092
(54,6951
160,762
208,365
7,092
154,695)
160,762
Carryingamount
At 31 July 2024
14,977
14,977
At31July2023
14,070
14,070
Company
At l August 2023
Additions
Disposals
At 31July 2024
107,295
5,385
107,295
5,385
112,680
112,680
Depreclatlon
At l August 2023
Charge for the period
Eliminated on disposals
At 31 July 2024
104,882
1,642
104,882
1,642
106,524
106,524
Carrying amount
At 31 July 2024
6,156
6,156
At 31July 2023
2,413
2,413
32

INSTRUCTUS
COMPANY LIMITED BYGUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 JULY 2024
15. Investments
The group has no investments
Company
Shares in
group
undertakings
Cost
At l August 2023 and 31July 2024
Impairment
At l August 2023
Provision for impairment
At 31 July 2024
635,336
Carrying amount
At l August 2023 and 31 July 2024
650 CQO
Company investments comprise:
The company hastwowhollyowned subsidiaries, CQM Trainingand consu￿anCY Limited (Company No:
027824771 and The Springboard Consultancy Limited (Company No: 04729410). Both companies were
registered in England and Wales, with registered offices as Instructus, 100% ordinary share capital
owned and both are included within the consolidated accounts. The main activities of the subsidiary
CQM Training and Consultancy Limited is training, coaching and consultancy. On 31 March 2021 the
activity of The Springboard Consultanq Limited was hived up into Instructus and the company is now
dormant.
Asummary of their results 15 shown below:
CQM Training and Consultancy Limited
Year ended
31July
2024
Period
ended 31
July 2023
Income
Expenditure
Net IIoss)/profit
1,464,791
11,449,196}
15,595
1,993,437
(2,074,500)
181,063)
Assets
Liabilities
Net assets
299,315
{216,371)
82,944
351,266
{283,9171
67,349
33

INSTRUCTUS
COMPANY LIMITED BYGUARANTEE
NOTES TO THE FINANCIAL STATEMENTS {contlnued)
FOR THE YEAR ENDED 31 JULY 2024
15. Investments (continued)
The Springboard Consultancy Limited
Year ended Period ended
31July 2024 31 July 2023
Income
Expenditure
Net loss
Assets
Liabilities
Net assets
16. 5tod(s
Group
Period ended
31 July 2023
Company
Period ended
31 July 2023
Year ended
31July 2024
Year ended
31July 2024
Raw materials
and consumables
2,583
2,706
2,583
2,706
Stock comprises study guides and training course materials.
17. Debtors
Group
Company
Year ended
31 July 2024
Period ended
31 July 2023
Year ended
31July 2024
Period ended
31 July 2023
Trade debtors
Amounts owed by group
undertakings
Prepayments and accrued
income
Other debtors
104,097
114,676
97,109
84,485
16,439
21,216
36,407
211,374
193,515
15,793
29,827
2,406
23,656
15,718
2,510
334,420
323,984
150,557
160,266
34

INSTRucrus
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS Icontlnued)
FOR THE YEAR ENDED 31 JULY 2024
18. Credltors: amounts falling due wlthln one year
Group
Company
Year ended
31July 2024
Period ended
31JuEy 2023
Year ended
31 July 2024
Period ended
31 Juty 2023
Trade credltors
62,468
71,885
34,665
17,658
Accruals and deferred income
117,356
32,000
81,650
13684
135,041
32,000
65,514
11,616
53.375
90,216
Bank loans
Social security and othertaxes
Other credltors
40,733
3,333
36,857
3,300
307,157
316,056
132,105
148,031
Accruals and deferred income includes £81,488 Iperiod ended 31 J u IV 2023: £93,028) of deferred
income in relation to income received in advance for training and consultancy servlces.
Credltors: amounts falllng due over one year
Group
Company
Year ended
31July 2024
Perlod ended 31
Year ended
July 2023 31July 2024
Period ended
31 July 2023
Bank loans
34,667
34,667
66,667
66,667
The bank loans are secured by a debenture comprising fixed and floating charges over all the assets of
CQM Trainingand Consultancy Llmited. The loan attracts interests of £3.99% above the base rate. There is
no balance due over 5 years.
19. Provlslons
Group
Deferred
tax
At l August 2023
Additions
Disposals
2,133
(2591
At 31 July 2024
1,874
The company does not have any other provisions.
35

INSTRucrus
COMPANY UMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENT5 (continued)
FOR THE YEAR ENDED 31 JULY 2024
20. Deferred tax
The deferred tax Included In the Statement of Financial Position is as follows:
Group
Period
ended
31 July 2023
Company
Period
ended
31 July 2023
Yearended
Year ended
31July 2024
31July 2024
Included in provisions
1.874
2,133
1,874
2,133
The deferred tax relates to aC￿lerated capital allowan￿$.
21. Net debt analysis
Group
At l August 2023
Net cash flows
At 31 July 2024
Cash
252,954
18,512)
32,000
244,802
Borrowings
{98,6671
(66,667)
154,287
23,848
178,135
22. Employee beneflts
Defined contribution plans
The amount recognised in the Statement of Financial Activities as an expense in relation to defined
contribution plans was £98,973 Iperiod ended 31July 2023: £173.1911. Creditors include a balance of
£10,519 {period ended 31 July 2023: £10,305) due in respect of pension commitments.
36

INSTRucrus
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 JULY 2024
23. Operating leases
The total future minimum lease payments under non-cancellable operating lea5e5 are as follows:
Group
Period
ended
31July 2023
Company
Period
ended
31 July 2023
Year ended
Yearended
31July 2024
31July 2024
Not late than l year
40,188
1,621
31,638
21
Laterthan l year and not
laterthan 5 years
Largerthan 5 years
810
110,552
810
92,667
2,431
150,740
2,431
124,305
24. Related party transartions
Chari
During the yearthe charity received recharge income of £89,254 (period ended 31 ju￿ 2023: £104,468) from
CQM Training and Consultancy Limited. Ye a rend debtors include a balance of £21,216 Iperiod ended 31
July 2023: £36,407) due from CQM Training and Consultancy Limited.
25. Analysis of charitable funds
At l August 2023
Income
Expenditure
At 31 July2024
General funds
296,833
296,833
2,296,957
2,296,957
12,334,710)
12,334,710)
259,084
259,084
37