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|||||||1-10|
|---|---|---|---|---|---|---|
||Headline
Figures|||||1|
||Engineering
Development
Trust||(EDT)|CEO Message||2|
||Impact at a Glance||||||
||Our Programmes|||||4-7|
||Our Partners|||||8-10|
||||||11-26||
||Performance
and Achievements|||||11-13|
||Financial
Review|||||14|
||Plans for Future Periods and Scheme Review'|||||14-19|
||Structure,
Governance|and Management||......**.**|**.**......20-24||
||Responsibilities
ofthe|Trustees.|||,......25-26||
||||||27-30||
|O
4|FINANCIAL STATEMENTS||||31-51||
||Statement ofFinancia|I Activities|..... ..........,||||
||Statement
ofFinancial|Position. .|||||
||Statement
ofCash Flows.||||||
||Notes to the Financial|Statements|||.. 34-5'1||
|O
5|ACKNOWLEDGMENTS|||||52|
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||||2023|2023|2023|2022|
|---|---|---|---|---|---|---|
|||Notes|Unrestricted|Restricted|Total
Funds|Total
Funds|
||||f000|f000|f000|f000|
|INCOME|||||||
|Donations
and Legacies|||'I,517.7|187.3|1,705.0|649.7|
|Charitable
Activties|||1,194.1||1,'194.1|1295.8|
|Investments|||60.4||60.4|41.9|
|TOTAL INCOME|||f2,772.2|f1873|f2,959.5|E1,987.4|
|EXPENDITURE|||||||
|Cost of Raising Funds|||186.2||186,2|207.5|
|Charitable
Activties|||2,138.9|16.9|2,155.8|1703.6|
|TOTAL EXPENDITURE|||E2,325.1|f16.9|f2,342.0|f1,911.1|
|Net (Loses)/Gains
from
Investments|||(55.2)||(55.2)|(40.2)|
|NET (EXPENDITURE)/INCOME
AND NET MOVEMENT IN FUNDS|||f391.9|6170.4|f562.3|f36.1|
|RECONCILLIATION|OF FUNDS||||||
|Total Funds Brought|Forward||1,052.0||1,052.0|1,015.9|
|Total Funds Carried|Forward||f1,443.9|f170.4|f1,6143|f1,052.0|
|s||||||
|---|---|---|---|---|---|
|FOR YEAR ENDED 31AUGUST 2023||||||
|Statement ofFinancial Position|for the|Year ended 31August 2023||||
||||2023||2022|
||Notes|f000|f000|EOOO|OOOO|
|FIXEDASSETS||||||
|Tangible
Fixed Assets|10|||||
|Investments|||1,823.5||1,478.7|
|TOTAL FIXEDASSETS|||E1,838.0||E1,483.6|
|CURRENT ASSETS||||||
|Debtors|12|212.5||260.8||
|Cash at Bank and In Hand||292.8||169.1||
|TOTAL CURRENT ASSETS||E505.3||f429.9||
|LIABILITIES||||||
|Creditors: Amounts
falling due within||||687.7||
|one year||||||
|NET CURRENT ASSETS/(LIABILITIES)|||(90.3)||(257.8)|
|Provisions|15||(133.4)||(173.8)|
|TOTAL ASSETSLESSCURRENT
LIABILITIES/NET ASSETS|||K1,614.3||E1,052.0|
|CHARITABLE COMPANY FUNDS||||||
|Unrestricted
Income Funds|19||1,443.9||1,052.0|
|Restricted Income Funds|20||170.4||0.0|
|TOTAL CHARITABLE COMPANY
FUNDS|18||E1,614.3||E1,052.0|
##
|||Notes|2023|2022|
|---|---|---|---|---|
||||EOOO|f000|
|CASH FLOWS FROM OPERATING ACTIVTIES|||||
|Net Cash provided/(used)
in operating
activities||28|500.0|(47,6)|
|CASH FLOWS FROM INVESTING ACTIVTIES|||||
|Dividends
from investments|||60.4|44.2|
|Interest from investments|||||
|(Purchase)/sale
ofinvestments|||(400.0)|100.0|
|Purchase ofproperty,
plant and equipment|||(36.7)|(2A)|
|NET CASH PROVIDED BYINVESTING ACTIVITIES|||(376.3)|141.8|
|Change
in cash and cash equivalents
in year|||123.7|94.2|
|Cash and cash equivalents
at the beginning|ofthe year||169.1|74.9|
|CASH AND CASH EQUIVALENTS AT END OF|THE YEAR|27|E292.8|E169.1|
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|Financial Statem|ents,|||||
|---|---|---|---|---|---|
|2. DONATIONS|AND LEGACIES|||||
|||2023|2023|2023|2022|
|||Um estricted|Restricted|Total|Total|
|||EOOO|f000|f000|f000|
|Donations and|Legacies|f1,517.7|f187.3|f1,705.0|f649.7|
##
|||||2023|2023|2023|2023||
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total||Total|
|||||f000|f000||f000|f000|
|Income from Charitable||Activities|||||||
|Experiences|||||||304.8|332.2|
|Projects|||||||484.8|553.4|
|Placements||||250.9|||250.9|213.4|
|Industrial
Cadets Accreditations
Development|||and|153.6|||153.6|196.8|
|||||f1,194.1||f1,194.1 f1,295.8|||
||||||EDT IANNUAL||REPORT|I PAGE 38|
##
##
|estment
inco|me was unrestricted
for|both years.|both years.||||
|---|---|---|---|---|---|---|
|||2023||2023|2023|2022|
|||Unrestricted||Restricted|Total|Total|
|||EOOO||EOOO|EOOO|EOOO|
|Investment|Income||||||
|Dividends|||||9.5|44.2|
|Profit/(Loss)|on SaleofInvestments||||50.9|(23)|
||||||E60.4|E41.9|
|COST OF RAISING FUNDS|||||||
|||2023||2023|2023|2022|
|||Unrestricted|Restricted||Total|Total|
|||EOOO||f000|f000|EOOO|
|Fundraising
Development|and Charity|186.2|||186.2|207.5|
|||186.2|||186.2|207.5|
##
##
|||Staff Costs|Staff Costs|Travel|Recruitment|Events
Courses
Workshops|Tutors
Supervisors|
|---|---|---|---|---|---|---|---|
||||f000|f000|f000|f000|f000|
|Experience|Days||448.1|23.7|4.5|67.4|0.0|
|projects|||443,6|12.3|4.4|74.0|0.0|
|Year In Industry|||183.8|2.9|1.4|0.7||
|Industrial|Cadets||133.7|7.4|'!.0|3,1|0.0|
|2023Total||E1,209.2||f46.3|f11.3|f145.2||
|2022Total||f1,137.7||f29.8|f0.0|f91.2|f0.0|
|||||Running|Support|Governance|Total|
|||||Costs|Functions|Costs|Expenditure|
|||||f000|f000|f000|f000|
|Experience|Days|||45.0|175.3|15.5|779.5|
|projects||||533|1843|155|787.4|
|Year In Industry||||75.6|68.6|15.5|348.5|
|Industrial|Cadets|||24.5|55.2|15.5|240.4|
|2023Total||||f198.4|f483.4|f62.0|f2,155.8|
|2022Total||||f126.2|f265.3|f53.4|f1,703.6|
##
##
|||General
Support|Governance|Total
Funds|Basis of
Apportionment|
|---|---|---|---|---|---|
|||EQOO|EOOO|f000||
|Staff Costs||251.2|48.3|299.5|Time/Usage|
|Travel||9.8|5.0|14.8|Usage|
|Pension Provision||(40)||(4.0)|Usage|
|Running
Costs||61.6|1.2|62.8|Usage|
|Marketing/Publidty||33.6|0.0|33.6|Usage|
|Depreciation||7.3|0.0|7.3|Usage|
|ICT||121.9|0.0|121.9|Usage|
|Professiona|I Fees|2.0|0.0||Usage|
|Audit Fees||0.0|7.5||Governance|
|||E4834|E62.0|E545.4||
##
|This is stated|This is stated|after|||
|---|---|---|---|---|
|charging;||||2022|
||||EOOQ|EQQO|
|Operating|Leases||57.1|53.5|
|Depreciation|||27.1|11.6|
|Professional||Fees|2.1|4.6|
|Audit Fees|||7.5|7.5|
##
|||||2023Total|2022 Total|
|---|---|---|---|---|---|
|||||f000|f000|
|STAFF COSTS||||||
|Gross Salaries and Wages||||1,404.5|1,293.8|
|Social Security Costs||||129.6|120.3|
|Pension Costs||||167.4|159.1|
|Pension
Provision for USS (Note|26)|||(40.5)|(41.8)|
|||||E1,661.0|E1,531.4|
|||||2023|2022|
|The average number ofEmployees||during the year:||43|44|
|Equivalent
full-time||||40|42|
|The number of high paid employees|||over 660kwas:|||
|In the band f100,000 - f110,000||||||
|In the band f90,000-f100,000||||||
|In the band f80,000 - E90,000||||||
|In the band f70,000-f80,000||||||
|In the band 660,000 - f70,000||||||
|The employee benefits ofhigher|paid||employees:|E9.9k|E9.5k|
|||||2023|2022|
|Trustee renumeration
throughout||the year||EO|EO|
|Trustees may claim for reimbursement|||ofexpenses|||
|incurred
whilst discharging
their|role||as a trustee.|||
|During the year 9Trustees claimed||travel expenses||E1.6|E1.4|
##
||Software
and Webslte|Computer
Equipment|Office
Equipment|Total|
|---|---|---|---|---|
||f000|f000|f000|f000|
|At 31stAugust 2022|300,6||19.8|464.1|
|Additions|||0.3|36.'7|
|Disposals|||||
|At 31stAugust 2023|300.6|180.1|20.1|500.8|
|Depreciation|||||
|At 3'I st August 2022|299.2|142.1|17.9|459.2|
|Provided for the year|14|23.8|1.9|27.1|
|At31stAugust 2023|300.6|165.9|19,8|486.3|
|Net BookValues|||||
|At 31stAugust'2023||f14.2|E0.3|E14.5|
|At31stAugust 2022|E1.4|K1.6|K1.9|E4.9|
##
||||||||2023Total|2022Total|
|---|---|---|---|---|---|---|---|---|
||||||||OOOO|f000|
|Market Value|||||||||
|CCLA Charities|Common|Investment|||Fund||1,673.7|1,292.6|
|CCLA Charities|Property|Fund|||||149.8|186.1|
|Market Value|at the end of||the Financial|||Year|E1,823.5|E1,478,7|
|Reconciliation|of Movement
in Market||||Value|ofInvestments|||
|Market Value at start ofthe financial||||year|||1,478.7|1,621.2|
|Sale efInvestment
at Market|||Value|(Sept. 2022)||||(100.0)|
|Purchase ofInvestment|||||||400.0||
|Loss ofsale of|investment|(Sept. 2022)||||||(2.3)|
|Net (loss)/gain
ofthe financial|on revaluation
year||ofinvestments|||at the end|(55.2)|(40.2)|
|Market Value|at the end|ofthe Financial Year|||||E1,823.5|E1,478.7|
||||||||2023Total|2022 Total|
||||||||EOOO|EOQO|
|Cost|||||||||
|CCLA Charities|Common Investment|||Fund|||847.2|847.2|
|Additions|||||||400.0||
||||||||1,247.2|847.2|
|CCLA Charities|Property
Fund||||||'134.5|134.5|
|Cost at the end ofthe Financial Year|||||||E1,381.7|f981.7|
|DEBTORS|||||||||
||||||||2023Total|2022Total|
||||||||f000|EOOO|
|Trade Debtors|||||||940A|21'l.5|
|Other Debtors|and Prepayments||||||72.1|49.3|
||||||||E212$|E260.8|
##
##
|13.CREDITORS -AMOUNTS|FAL|LING DUE WITHIN O|NE YEAR||
|---|---|---|---|---|
||||2023Total|2022Total|
||||f000|EOOO|
|Trade Creditors|||167.7|262.6|
|VAT|||1.2|31.9|
|Taxation and Social Security|||25,6|22.2|
|Pension Scheme Contributions|||8.7|8.9|
|Deferred Income (Note 14)|||214.8|311.1|
|Accruals|||'177.6|51.0|
||||E595.6|6687.7|
|14. MOVEMENTS IN DEFERRED INCOME|||||
||||2023Total|2022 Total|
||||f000|f000|
|Deferred Income at 1 September|||311.1|361.8|
|Deferred Income released|during the year||(311.1)|(361.8)|
|income received during the year and deferred|||214.8|311.1I|
|Deferred Income at 31August|||E214.8|f311.1|
|5. PENSION PROVISION|||||
||||2023Total|2022Total|
||||EOOO|EOOO|
|Provision at 1 September|||173.8||
|Discount rate adjustment|||(26.4)|(27.8)|
|Deficit contributions
paid in|the|year - USS|(14.0)|(14.0)|
|Provisions at 31August|||E133A|E173.8|
|6. FINANCIAL INSTRUMENTS|||||
||||2023Tota I|2022 Total|
||||EOOO|f000|
|Financial Instruments
measured||at the amortised|||
|cost comprise the following:|||||
|Financiai assets that are debt instruments|||||
|(Trade Debtors)|||140.4|2'I1.5|
|Financial liabiiities that are debt instruments|||||
|(Creditors)|||203.2||
##
##
##
|||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|
|||||||||Total|Total|
|||||||||EOOO|EOOO|
|Premises||Licences|to occupy expiring||between||1-5years|14.6|20.7|
|Office Equipment|||-expiring|between|1-5|years||1.3|2.4|
|||||||||E15.9|E23.1|
|18. ANALYSIS||OF NET|ASSETS BETWEEN||FUNDS|||||
|||||2023|||2023|2023|2022|
|||||General||Restricted||Total|Total|
|||||Funds|||Funds|Funds|Funds|
|||||EOOO|||f000|EOOO|EOOO|
|Tangible|Fixed Assets|||14.5||||14.5|4.9|
|Investments||||1,823.5||||1,823.5|1,478.7|
|Current Assets||||334,9|||170.4|505.3|429.9|
|Currrent|Liabilities|||(595,6)||||(595.6)|(687.7)|
|Provisions||||(133,4)||||(133.4)|(173.8)|
|Total Funds||||E1,443.9|||E170A|K1,614.3|E1,052.0|
##
|Unrestricted
Funds comprise|Unrestricted
Funds comprise|those funds which trustees are free|those funds which trustees are free|those funds which trustees are free|to use in accordance
with|to use in accordance
with|
|---|---|---|---|---|---|---|
|the charitable objects.|Restricted||Funds are funds|which have been given by a donor for|||
|particular
purposes
and projects.|||||||
||||014)922|Incom ing
Resources|0utgoin
Resources||
||||EOOO|EOOO|f000|f000|
|Analysis ofMovements||in|||||
|Unrestricted
Funds|||||||
|General
Funds|||1,052.0|2,522.2|2,380.3|1,193.9|
|Designated
Funds||||250.0||250.0|
|Total Unrestricted|Funds||61,052.0|E2,772.2|E2,380.3|f.1,443.9|
|Analysis ofMovements||in|||||
|Restricted
Funds|||||||
|Fund
1||||100.0||100.0|
|Fund 2||||87.3|16.9|70.4|
|Total Restricted
Funds||||F187.3|E16.9|E170.4|
|Total Funds
20.RESTRICTED FUNDS|||E1,052.0|E2,959.5|E2,397,2|K1,614.3|
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|||||2023|2022|
|---|---|---|---|---|---|
|Discount|rate (BoEforward||rate)|5.11)4|3.7%|
|Average|annual|pensionable|salary growth|396|396|
##
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|||2023Total|2022 Total|
|---|---|---|---|
|||E000|E000|
|Net (Expenditure)/Income
forthe year (as
per the Statement ofFinancial Activities)||562.3||
|Adjustments
for:||||
|Depreciation
Charges||27.1|11.6|
|Loss /(Gain) on Investments||55.2|40.2|
|Dividends from Investments||(604)|(44 2)|
|Loss/(Gain)
from Sale ofInvestments||0.0|2.3|
|Decrease/(Increase)
in Debtors||48.3|103.2|
|(Decrease) in Creditors 8 Provisions||(132.5)|(196.8)|
|Net cash Provided
by/(Used
activities|in) operating|f500,0|(E47.6)|
##