Company registration number.. 11634699 Charity number.. 1182053 nocn . JOB CARDS NOCN Job Cards IA Company Iimlted by guarantee) Trustee, Report and Consolidated Financial Statements For the year ended 31 Jtjly 2024 NOCN lobcards IA Company limited by Guarantee) Contents Page Refer9nce and Administrative Detalls of the Charity, Its Trustees and Advlsers Trustees, Report 2-10 Independent Auditor's Report on the Financial Statements Statement of Financial Activitles 11-14 15 Statement of Financial Position 16 statement of Cash Flows Notgs to the Financial Statements 18-29 NOCN Job Cards IA Company limited by Guarantee) Reference and Admlnistrative Details of the Charity, its Trustees and Advisers For the Year Ended 31 July 2024 NOCN Job Cards Trustees. and Directors.. Chair Alison Duckles CBE Graham Hasling-Evans David Mosley (Resigned 8 July 20241 Carl Hassell Pau1 Allman Timothy Brownbridge Kay Dickinson Deborah Howarth {Appoinled 8 January 20241 Reference and admlnlstrative details: Charity number.. 1182053 Company number: Registered office.. 11634699 Acero Building 1 Concourse Way Sheaf Street Sheffield, S128J Key Management Personnel: Group Director (Job Cards) Carl Ha5sell Our Advlsers.. Bank National Weslminsler Bank Pl 7 Market Place Derby, DE1 gDS Solicitors Andrew Holland Law Lirnited Suite 2, The Bakery Millenium Business Park Sleelon, Keighley Wesl Yorkshire, BD20 6RB Auditors Armstrong Walson Audit Limited Thornfield Business Park Northallerlon, DL6 2XQ Pag&11 NOCN Job Cards IA Company limited by Guaranteel Trustees, Report For the Year Ended 31 July 2024 The Trustees are pleased lo present Iheii Annual Directors, Report together with the Financial Statements of the charity for the year ending 31 July 2024, which are prepared lo meet the requirements for a directors, report and accounts for Companies Act purposes. The Financial Slalemenls comply with the Charities Act 2011, the Companies Act 2006, the memorandum and Article5 ofAssocialion, and AccoLJnling and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard and applicable in the UK and Republi¢ of Ireland (FRS1021. Page12 NOCN Job Cards IA Company limited by Guarantee) Trustees, Report Icontinuedl For the Year Ended 31 July 2024 Chair's Foreword 2U23124 has seen the Construction Plant Competence Scheme ICPCSI from NOCN GTOUP continue lo progress, benefiting from the ongoing implemen121ion of its determined strategic planning. This action aims to considerably improve financial position in 2024125. We continue to support cenlres, employers, and operatives in enhancing skills and competency, professionalising the plant sector and addressing the gaps in the construction industry skills. Key strategy steps embedded in our operations include.. The launch of a series of industry-leading digital innovations This includes the development of our own version of the Health Safely & Environment IHSE) lest, introducing interactive learning and an invigilaled lesl. We have also transformed and replaced CPCS Card Renewal Testing with a ftjlly online Continuous Professional Development ICPDI solution. Expanding our charitable activities Into the international arena The international market continues to offer rich potential for diversification. We have Continued lo see growth in several of our international partnerships, particularly consolidating our position in the Middle East region. We are now seen as the leading Technical and Vocational Education and Training ITVF_T) Awarding Organisation in Bahrain. We have also started contractual woik with Skills Bahrain for the development of skills lest5, and across the Kingdom of Saudi Arabia we have approved new cenlres. Critlcally maintaining our regulatory approvals and compllance CPCS has gone through significant changes lo ensure that ils card schemes meet the requirements of the Standard Selling Body for the introduction of"New Training Standards.. We have had to change many of the scheme's rules lo ensure compliance and have put together industry working groups to ensure th81 the training standards were adopted and improvements to the schemes are delivered and meet the needs of industry. Strengthening our qua5ity assurance Quality assuran￿ h8S Strengthened during the financial year. CPCS has a new Quality Assurance Manual, new reporting forms, and External Quality Assurance IEQAI is now more effi'cient due lo completing documenlatlDn in real time. Construction Industry Scaffolders Record Scheme ICISRSI smart carding processes continue to be managed by NOCN Group. Volumes have remained comparative lo the previous year. Our c12rity of strategic purpose and progress made on implemenl81ion has underpinned our turnover in the period. This is particularly encouraging as il has been achieved against a challenging economic backdrop for many of our cardholders operating within the construction sector. Looking forward, the Board of Trustees has agreed in principle a merger ol NOCN Job Cards with the parent company of the Group. NOCN, during 2024125 financial year. This will enable a beller integrated service delivery of Job Cards, operations lo our customers whilst maintaining the same quality bul with greater efficiency.11 will also support our charitable objectives by enhancing the training and development opportunities and lifelong learning available lo learners. operatives and card holders. Page13 NOCN Job Cards IA Company limited by Guarantee) Trustees, Report {continuedl For the Year Ended 31 July 2024 I lake this opportunity to thank our staff and management, on behalf of the Board of Trustees, for all their hard work and professionalism throughout the year. Alison Duckles CBE (Chairl 5 December 2024 P8ge14 NOCN Job C8rds IA Company limited by Guarantee) Trustees, Report Icontinuedl For the Year Ended 31 July 2024 Our Purpose, Objectives and Activitles The Purpose of the Charlty The purpose and mission statement of the Charity is lo support learners and apprentices to achieve success in life and work and 5UPPOrt communities and organisalions to develop and prosper through the provision and oper2lion of competency card schemes. The Objectives of the Charity The charity's objectives are specifically reslricled lo the advancement of education of operatives working in industry within the United Kingdom and Eire and in other countries which recognise skills and ¢ompÈlency card schemes in one or more ol the following ways,. by facililaling skills and competence card scheme5 which will set standards and develop and lest skills and competencies in order lo increase public confidence in the operatives work,. by promoting participation by operatives in the schemes., by promoting participation by operatives in all forms of education and training in conjunction with anol in addition lo the schemes". by improving the quality and flexibility of education provision available lo operatives., by improving access lo learning opportunities and facililaling progression lo further learning, employment and higher education., by delivering continuing professional developrnenl, training qualifications and assessment qualifications lo operatives", by working with industry lo ensure the schemes and operatives are ready ft)r advancements in new le¢hnologies'. and by ensuring the schemes meet the needs of 811 operatives. Public Benefit The Trustees have complied with their duly in a¢¢ordance with the UK Charities Act 2011 to follow the Charity Commission's guidance on the operation of this public benefit. The Charity started lo advan￿ its objectives for the general public through the purchase of the Construction Plant Competency Scheme ICPCSI from CITB on 161 March 2019 as the first competency card schemes that the Charity will operate. This card scheme ensures that Construction Plant Operators have the right qualifications and experience to operate different classes of plant machinery on construction sites. In September 2019, the Construction Industry Scaffolders Record Scheme ICISRSI signed a contract with NOCN Job Cards lor the charity lo deliver CISRS cards lo the Scaffolding industry. CISRS is one of the oldest most respected cards in the constmclion industry. The wnlract to deliver the CISRS cards fits very well with the NOCN Job Cards, charitable aims. Page15 NOCN Job Cards IA Company limited by Guarantee) Trustees, Report Icontinuedl For the Year Ended 31 July 2024 KeyA¢hievements. Activltle$ & Performance in the year CPCS supports people lo gain employment and develop their careers within the construction plant sector by ensuring operatives meet the standards expected by industry. CPCS then issues operatives with digital SMART cards. The scheme, which is competency based, has different colour cards that indicate the level of skill. CPCS is compliant with the Construction Leadership Council ICLCI requirements for a One-Logo" skilled work force, as such we are audited by Construction Skills Certification Scheme ICSCSI and remain compliant and the only plant card scheme fully compliant with the PSRO Card Scheme Framework. During 2023124 CPCS has gone through significant changes lo ensure that the CPCS card scheme meets the reqkjiremenls of the Standard Setting Body lor the introduction of New Training Standards" as such we have had lo change many of the scheme rules lo ensure compliance. CPCS has strong support from industry. We have put together industry working groups lo ensure that the training standards were adopted, improvements lo the scheme are delivered and meet the needs of the industry. CPCS has been able lo gain the support of the board and ils industry representatives to create and launch an online version of the He811h, Safely and Environment IHS&EI lesl for plant operatives with inleraclive learning and an invigilaled lesl. Job Cards created great on-line learning content that is easy to navigate improves knowledge of the health safely and environmental responsibilities of employers, employeès and conlraclors. We have changed the approach of Renewal Testing in independent locations and have a full on-line offer ol online CPD, which is also inleraclive. Job Cards continues to support cenlres, employers, and operatives in enhancing skills and competence in the plant sector and working on closing the sector's skills gaps. We have also changed the way that operatives renew their Blue Competence card. Operatives no longer have lo book appointments and travel lo lest locations, instead they can book Renewal CPD online, the renewal CPD has a modular approach and covers farnily groupings relevant lo the categories held on the blue card. Operatives can now self-serve and do their renewal fully online. CISRS smart carding processes are managed by Job Cards, volumes have remained comparative lo the previou5 year, however our costs have increased therefore we have recently renegotiated the CISRS Contract for the 2024125 period. P8ge16 NOCN lobcards IA Company limited by Guarantee) Trustees, Report {continuedl For the Year Ended 31 July 2024 Financial Review Card income levels have seen an increase year-on~year. Operating costs We￿ 3D/o higher in 2023124 compared to 2022123 due lo the continued investment in developing the business. This resulted in the ¢harily achieving an operating surplus of £411 k surplus in 2023124 {2023'. £400k surplus). 2023124 £OaO's 3,804 3,393 411 14291 2022123 £OOO's 3,694 13,294 400 13681 Inco￿ Operaliro Costs Operating Idefi¢itl I surplu5 Depieaation, ArrortisalK)n & Irlerest Other revalualior6 Net incoming resource5 after other gains I Ilossesl 1181 32 NOCN Job Cards reserves ended 2023124 at £0.5m. However, this remains outside of ils reserves policy target due lo the need to pay off the inlercompany loan from NOCN to fund the purchase of CPCS and the continued need lo invest in developing the digital offer and quality of operations. This investment is projected lo lead lo improved financial performance In future years. Going Concern In order for the Board to determine the going concern position of Job CaTds, a going concern assessment of its position was developed. The assessment included 2 review of current performance in 2023124 al the point of signing the accounts, stress lesling of budgets and forecast projections under a best and worst case on the Statement of Financial Activities and cash flow position for the period up lo the 31 July 2025. Job Cards is opèotionally and financially viable as a business with continued projected surpluses lo be generaled under the best and worst case scenarios. NOCN also Committed lo continue to extend ils inlercompany loan lo NOCN Job Cards until al least 31 July 2D25. However, as noted in the Chair's Foreword, in light of the Board's decision in principle lo merge into the NOCN charity in 2024125, (seè note 221. the trade and assets of NOCN Job Cards are expected lo be transferred into the parent company of the Group, NOCN, in the financial year 2024125. As a result, Job Cards as a legal enlily will cease trading and hold no assets by the end of 2024125. The financial statements of 2023124 have therefore been prepared on a basis other than going concern. No adjuslmenls were required as a result of preparing the accounts on a basis other than going concern. The services delivered by thè entity will continue lo operate post the merger with NOCN. NOCN Job Cards legal entity will continue to trade as normal until the merger with NOCN lakes place in 2024125. 11 is the intention of the Trustees lo dissolve NOCN Job Cards soon aller. Key Risks in the year The key risks NOCN Job Cards has faced in the year have been.. General economic un¢erlainly impacting the construction sector in particular. which we have been mindful of in our future planning. The risk that the CPCS scheme fails lo adapt successfully lo the new CITB funding arrangemènt such that market share and income is lost lo ils competitors. Through the work carried out in 2023124 we have managed to succes5fLJlly miligale this risk. Failing to invest sufficiently in digilisalion projects or launching new processes and products impacting our ability to deliver lo our stakeholders lo the high stsndard they expect from NOCN Job Cards. P8ge17 NOCN Job Cards IA Company limited by GuAranteel Trustges, Report Icontlnuedl For the Year Ended 31 July 2024 CITB andloi the PRSO is not effective lor no longer exists or changes) such that the CPCS scheme cannot operate effecbvely or is unfairly penalised vs competitors or the grant scheme ceases. Lower standard competitor schemes take market share from CPCS anol as a result plant safely is lowered and accidenlsldealhs are higher. Resgrves Policy The reserves policy was reviewed and updated in 2023124. The aim of the policy is lo keep Job Cards balance sheet unreslricled ieserves in the range of £1.5m and £2.1 m. Equating lo approximately 6 10 8 months of projected operating expenditure and available cash, which is pooled al a group1evel. These unrestricted reserves, which are freely available for general use, are held lo wilhsland any short-term financial risks and lo support any nel windup costs in the event of closure. As at the end of July 2024, NOCN Job Cards was outside Df this range given the company has only been operational since 2019. The Board approved a business plan and budget for 2024125, which will generate a healthy surplus. However, the Board decided lo merge NOCN Job Cards with the parent company ol the Group, NOCN, in the financial year 2024125 (see note 221. As a result, Job Cards as a legal entity will ￿ase trading and hold no assets by the end 012024125. The services delivered by the enlily will continue lo operate post the merger with NOCN. NOCN Job Cards legal enlily will continue lo trade as normal until the merger lakes pla￿ in 2024125. Powers of Investment The Trustees are aulhorised by the Memorandum ofAssocialion lo invest monies not immediately required for the Charities own purposes in such investments, securitiès or property as they deem fit subject lo any conditions required by law. Future Plans Work has started on our Vision 2030, ensuring that industry can scope Iheii future needs of a plant competence scheme, ensuring that safely, skills, and Gompelence continue lo be improved within a safety critical sector. NOCN Job Cards has set up additional card schemes that will operate the same quality and standards as CPCS for other foolprinls where an improved cards scheme will be of benefit lo the sector. A similar Construction Card Scheme is planned for India and a Card Scheme for the oil and gas sèctor in the Gulf. Merger with NOCN Given the Board's decision to merge into NOCN charity in 2024125, the trade and as5els of NOCN Job Cards will be transferred into the parent Company of the Group, NOCN, in the financial year 2024125. The merger will enable the delivery of Job Cards, operations lo the same quality and greater efficiency. As a result, Job Cards as a legal enlily will ￿ase trading and hold no assets by the end of 2024125 and will be dissolved. The financial slalemenls of 2023124 have therefore been prepared on a basis other than going concern. Page18 NOCN lobcards IA Company lirnited by Guarantee) Trustees. Report Icontinuedl For the Year Ended 31 July 2024 Structure, Governance and Management Governing Document and Structure The organisation is a charitable company limited by guarantee incorporated on 22 October 2018 and was registered in England and Wale5 as a charity on 15 February 2019. The charity started lo operate from 1 March 2019. NOCN Job Cards is consolidated under NOCN, given ils articles give NOCN majority voting right8 on the Board. Appointment of Trusteos As al the end 0131 July 2024 there were 7 Trustees in post al NOCN Job Cards, the same as the previous year, with 1 resignation and 1 new appointment in the year Two of the trustees are Senior Leadership staff of NOCN. Both are remunerated by NOCN. The Board makes any trustee appointment decisions. Any appointments have lo be approved by the NOCN Board. Trustee Induction and Training Wnen new Trustecs join the Board, a formal briefing from the Chair and Group Chief Executive lakes place and they receive an induction pack. Trustees receive formal training on their responsibilities, including their leg81 obligations. Compliance with the Charlty Governance Code The Trustees monitor compliance with the Charity Governance Code, the assessment of which was last updated in Novembei 2024. 11 has been assessed that the Group continues lo be compliant with the Code. Oryanisational Structure The Board of Trustees meets al least quarterly with a full business agenda including a review of the Management Accounts and budget achievement. During the year the Board was supported by one sub-committee.. Group Audit & Risk Committee. The subperales a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £93,60712023.' £94,4501. Contributions of £Nil12023.' £Nill were payable lo the fund at the reporting date. 21,Controlling Party The immediate parent and ultimate controlling parent of the company is NOCN, 8 Company registered in England and Wales, with registered address Acero Building, 1 Concourse Way, Sheaf Street, Sheffield, United Kingdom. S12BJ. NOCN is the sole member of NOCN Job Cards and so for Companies Act purposes NOCN Job Cards is a wholly owned subsidiary of NOCN. Therefore, the Board considers NOCN lo be the controlling party The smallest and largest group in which the company's results are consolidated Is that headed by NOCN. The consolidated accounts of this company are available lo the public and may be obtained from the company's r4islered address, as sel out above. No olheT group accounts include the results of the company. 22. Post Balance Sheet Event- Merger with NOCN Subject lo securing all regulatory approvals and subject lo terms the Board ol Trustees has decided in principle lo merge NOCN Job Cards with Ihe charit2ble parent company of the Group, NOCN, in the financial year 2024125. As a rèsult, Job Cards is expected lo cease trading and hold no assets by the end of 2024125. The financial slalements of 2023124 have therefore been prepared on a basis other than going concern. In making the going con￿rn assessment, management has confirmed the existence of continued future contracts and operating cash inflows. There is no indication that the change of ownership of these assets as part of the proposed merger would impact this assessment. As such there has been no change made lo the useful economic life or related carrying value of these assets. Page | 28 NOCN Job Cards IA Company limited by Guarantee) NOCN Job Cards will continue to trade as normal until the merger, and the card schemes the entity manages will continue to operate in NOCN thereafter. 11 is the intention of the Trustees lo dissolve NOCN Job Cards soon after. Page | 29