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2023-02-28-accounts

Registered company number 11203319

Charity registration number 1189584

ABS TRAINING LTD

Report and Accounts

28 February 2023

Whiteside and Davies Chartered Certified Accountants 158 Cromwell Road Salford M6 6DE

ABS TRAINING LTD Company Information

Directors

Mr Osher Jung Mr Isaac Goldberg Mr Avrom Worch

Trustees

Mr Osher Jung Mr Isaac Goldberg Mr Avrom Worch

Administration Address

10 Leicester Avenue Salford M7 4HA

Registered office

158 Cromwell Road Salford M6 6DE

Registered number

11203319

Charity registration number

1189584

Accountants

Whiteside and Davies Chartered Certified Accountants 158 Cromwell Road Salford M6 6DE

Independent Examiner

Benji Pawlowski MAAT Whiteside and Davies Chartered Certified Accountants 158 Cromwell Road Salford M6 6DE

Bankers

National Westminster Bank Plc (NatWest) Chorlton-cum-Hardy Branch 438 Barlow Moor Road Chorlton-cum-Hardy Manchester M21 0NW

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ABS TRAINING LTD

Directors' and Trustees' Report

The directors and trustees present their report and accounts for the year ended 28 February 2023.

Structure, governance and management

ABS Training Ltd is a company limited by guarantee incorporated on 13th February 2018 and is governed by its amended memorandum and articles of association, dated at 5th February 2019, registered by the Charity Commission on 20th May 2020.

The Directors / Trustees are responsible for the governance of the organisation and are active in all operational aspects of strategic management.

Major policy decisions are decided at full Directors / Trustees meetings.

Directors / Trustees

The Directors / Trustees in office throughout the year were:

Mr Osher Jung

Mr Isaac Goldberg

Mr Avrom Worch

The above are still in post at the date of the approval of the accounts. All trustees serve at their post for this charity voluntarily. There are no trustees employed by, or have any beneficial interest in the charity.

Details of any related party transactions are disclosed as applicable in the notes to the accounts. The trustees have been advised of any defects or omissions and have ensured that they are corrected.

No trustee nor any person connected with them received any remuneration during the year.

Charitable Objects

The object of the charity is:

The advancement of education by maintaining the establishment of an academy for the schooling of secular and religious studies.

Charitable activities:

a) Education and Training to young women aged 16- 19 from minorities groups to support them towards better employment opportunities.

Education and Training includes; National Accredited Qualification Courses and exams, pastoral and tutorial lectures, guest speakers, vocational courses, employability skills training, career guidance and events.

b) Youth activities and social events for young women from disadvantaged groups to improve their quality of life, increase their recreational outlets, promoting positive wellbeing and personal development.

Activities include weekly warm lunches, trips and hikes, annual overnight retreats, music, drama and dance events, social activities and talent workshops.

Our Vision

Our vision is a world in which all people have access to quality education and equal employment opportunities.

Our Mission

To provide quality education and progression routes for young women for whom statutory services fall short, and who struggle to reach their potential due to extenuating factors, such as religion, poverty and/or ability.

Our Response

ABS Training Ltd is a leading further education establishment for young women from the Orthodox Jewish community.

We support young women aged 16-19 years to access quality, mainstream education, improving their employment prospects and reducing historically high poverty and inequality.

Annually, we provide a variety of accredited and skills-based programmes with clear progression routes.

This is supplemented by PSHE, cultural and community projects which provide growth and wellbeing opportunities.

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Directors' and Trustees' Report

National Accredited Courses:

We provide a range of National Accredited Courses to enable our students to qualify for various employment opportunities. We are committed to excellence in education with robust Quality assurance procedures in place. Courses are delivered by qualified and competent staff. We are a registered Exam Centre with JCQ and the relevant Awarding Bodies.

Courses:

AAT Accounting Level 3

Maths A Level

Art A Level

BTEC Art and Design Level 2 and Level 3 BTEC Creative Media Level 2

NCFE Supporting Teaching and Learning Level 3 BCS ECDL computers levels 1-2-3 OCR Business Level 2

Vocational Courses and Workshops

A variety of vocational courses and workshops are available each term. Students choose a course based on their interest. Talents are developed, self-confidence is boosted, friendships are created and the general happy atmosphere improves student wellbeing. Professionals and local business entrepreneurs deliver the workshops. Students broaden their career choices by receiving a taster in a variety of employment sectors.

Courses and workshops: Hairstyling – Haircutting. Home Organisation Fine art – Oil Painting, Pyrography Fruit and Food Presentation

Aerobics and swimming Photoshop, Illustrator, and Audacity Sewing and Alterations Intro to Special Needs, Reflexology, and Occupational therapy. Finance and Budgeting Computers – Word, Excel and PowerPoint.

Social Activities

The social activities and programmes are planned and led by student. This creates opportunities to develop their self-confidence, teamworking, communication, budgeting, and leadership skills. Talents and personal strengths are developed as student shine in their creational outlets. Preparations are enjoyed as much as the events as they create friendship, develop their talents and grow in a happy atmosphere.

Social events include:

Healthy breakfasts and brunch Twice a week warm lunch Trips to the beach, countryside, trampolining. Conventions.

Monthly social activities and games. Annual weekend retreat in the countryside with guest speakers and full programme.

Musical, Dance and Drama Event. Learners rehearse and prepare for weeks prior to this event which is attended by many community members.

Our Measures of Success

We implement robust MEL (Monitoring, Evaluation and Learning) processes to measure success and track each individual’s progress, as well as to quantify outputs and share learning.

ILPs (Individual Learning Plans) are used to track each learner’s progress on a steady basis and is recorded on our Student Tracking Database.

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Directors' and Trustees' Report

Outputs are measured through robust record keeping, including attendance registers, work and mark records and certification logs.

Quality assurance procedures are in place to monitor quality of teaching, learning and assessment.

We do termly surveys to participants to rate their experience with the courses, social events and employability skills development. We record and compare each terms result. SLT will discuss the outcomes at their meetings to analyse where we can improve and what achievements we have made.

Public benefit

The Trustees confirm their compliance with the duty to have due regard to the Public Benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives and in planning future activities.

Achievements and performance

We supported 95 learners (2021: 75) across the year, through a variety of accredited learning programmes, career guidance, and social activities.

We delivered a variety of accredited IT programmes, accredited with BCS at level 1 and 2, supporting digitally excluded young women to access core skills. This year we have implemented that every student will attend an IT course to progress in her digital skills to the next level. We see this as extremely important as many come from schools that don’t teach computers and the learners come in with minimal or no computer knowledge. We understand the importance of bridging the digital divide in today’s society since most workplaces require IT skills. We are committed to ensure that all students leave the centre confident to use IT.

We also upgraded our popular NCFE Diploma for Teaching Assistant certificate from a level 2 to a level 3. This course is a popular choice amongst beneficiaries, providing employment opportunities in education, a massive sector within the community. QTS. The course covered general teachers training including topics like planning, delivering and assessing lessons. All points were covered over the course period and aimed to establish excellent teaching abilities, good employability skills as well as responsibility in the work place. There was a large portion of practical work, including teaching observations and placements throughout the year.

This year we have expanded our Art and Design provision; we are now delivering the BTEC Creative Media qualification alongside. We have had to create a new computer room to accommodate the large demand for digital art related courses.

The curriculum is designed to be holistic and include practical skill, knowledge and personal development. This is delivered in a logical and clear manner. Transferable skills are taught which will assist students beyond the education environment into future employment and handling life situations. Our commitment to excellence in education is shared by all staff. They have high expectations from learners and offer 1:1 support where required so each individual reaches their potential.

Behaviour continues to be excellent, and the classroom environment is conducive to a positive learning experience. Learners participate and achieve. Attendance rate for the year was a solid 97%. Attendance and punctuality is managed by the “personal days” systems which has improved attendance.

Learners show commitment to learning and demonstrate pride in their achievements as they progress from Level 2 to Level 3.

Overall, across our accredited learning programmes we have achieved a 94% pass rate in comparison to the National Average pass rate of 89.9%. We had an outstanding 97% retention rate in comparison to the 91.7% National Average.

Our learners are methodically acclimated to the workplace through employer involvement and work experience built into all our learning programmes. We supported learners with opportunities to gain skills and advice, and progress towards employment and/or further learning, delivering career guidance workshops, work placements, and mentoring. We run annual business and career fairs where local professionals come to meet the learners and talk about their training, business, and experiences. The students gain tremendously from these events as it gives them the chance to speak to the professionals.

Employment & progression routes continue to be excellent with 100% of our learners having secured employment and/or continued education within the local community.

Safeguarding continues to be a priority and was further developed during the year. Our DSO and Deputy DSO also attended regular Safeguarding Supervision Groups to keep abreast of new developments, to receive support in their roles, and to share best practice. Learners report that they feel safe and protected and know where to go if they need advice or help. There were no serious safeguarding incidents during the year in review.

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ABS TRAINING LTD

Directors' and Trustees' Report

We continued to develop the skills, confidence and values of our learners and alumnae through our enrichment programmes and through regular opportunities for youth leadership. Learners developed into responsible and respectful citizens who play their part in society, community and public life.

At the heart of our cultural awareness was our Jewish Studies Programme, which was supplemented by regular celebration of cultural/religious holidays and included a lot of enrichment opportunities, developing confidence, skills, values and identity.

Our alumnae are continuously engaged and supported through regular conventions.

Our staff and volunteers were supported with opportunities for training, progression, and continued professional development. We continue to prioritise a safe, supportive and welcoming environment for our staff with employee satisfaction at an all-time high, evidenced through staff reviews and feedback.

This year we have made some amendments to the premises, we have created a new classroom, more offices for 1:1 mentoring, and outfitted another computer room. We also extended by constructed a 11-unit modular building that has become our common room, this hosts all our social events, lunches and lectures.

Key outcomes for the year:

Increased learner count, up 4% since last year. 94% pass rate across all accredited learning programmes.

97% learner retention rate.

97% attendance rate, up 3% since last year.

Excellent progression – 100% of completers either secured employment or continuing education on a higherlevel course.

Maintained high levels of outstanding behaviour.

Maintained high levels of learner and staff satisfaction.

Improved Safeguarding policies and procedures.

Delivered for the first time Supporting Teaching and Learning Level 3. Expansion to premises a new common room to host lectures and social events. New computer classroom More office spaces for 1:1 support.

Trustees are pleased with the general performance this year, from a delivery and organisation development/ sustainability focus.

Fundraising

During the year funds were raised from various charitable organisations and through a crowdfunding platform.

In order for us to continue rolling out further training opportunities and youth activities we plan to establish a dedicated fundraising office which through grant writing and outreach will generate sufficient funds.

Reserves policy

The Trustees aim to hold reserves of at least three months’ activity running costs to safeguard the continued delivery of services. At the year end, the charity did not hold free reserves. The significant decline in free reserves is temporary. The trustees justified that in this particular instance, drawing down from free reserves for the premises expansion was warranted in order to ensure long-term sustainability. We’ve developed a robust financial strategy for loan repayment and to bring reserves back to required levels by January 2027.

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ABS TRAINING LTD

Directors' and Trustees' Report

Plans for future periods

We look forward to sustaining and improving our delivery programme. Plugging education gaps, addressing inequality for learners from ethnic minority and global majority communities, and supporting young women into employment.

Charitable Objects

The object of the charity is:

The advancement of education by maintaining the establishment of an academy for the schooling of secular and religious studies.

Public benefit

The Directors / Trustees confirm their compliance, with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives and in planning future activities.

Reserves Policy

The Directors / Trustees retain reserves as necessary and where appropriate, consolidate funds

in order to enable the charity to meet future needs or to make more substantial grants which they feel to be appropriate.

Financials

We are pleased to report exceptional growth of the charity in term of income, enrolment and activities. We are very grateful to all the generous donors and volunteers who contributed remarkably in terms of monetarily spiritually and physically to our extraordinarily fundraising campaign in July 2022.

This year's total incoming resources were £276,382 (2022: £95,455), the trustees are satisfied with the financial results for the year, with a net surplus for the year of £25,762 (2022: £53,160).

Funds are available to permit the charity to continue in operation in the medium to long term and to continue to fund worthwhile projects.

The Directors / Trustees have continued working hard to keep costs and overheads to a minimum without compromising on our high standard of service and professionalism.

Responsibilities of the Trustees

Company Law requires the Directors / Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the Balance Sheet Date, and of its incoming resources, including income and expenditure for the financial year.

In preparing those financial statements, the Directors / Trustees should follow best practice and

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ABS TRAINING LTD

Directors' and Trustees' Report

any departures in the financial statements.

The Directors / Trustees are responsible for maintaining proper accounting records which

disclose with reasonable accuracy at any time the financial position of the charity and to enable

them as Directors / Trustees to ensure that the financial statements comply with the Company Law. The Directors / Trustees are also responsible for safeguarding the charity's assets and hence for taking reasonable steps for the prevention and detection of fraud and other regularities.

Approved by the board on 24 December 2023

Osher Jung - Director / Trustee

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ABS TRAINING LTD

Report to the directors on the preparation of the unaudited statutory accounts of ABS TRAINING LTD for the year ended 28 February 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ABS TRAINING LTD for the year ended 28 February 2023 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/

Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.

Whiteside and Davies Chartered Certified Accountants 158 Cromwell Road Salford M6 6DE

24 December 2023

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ABS TRAINING LTD

Independent Examiner's Report to the Trustees

I report on the financial statements of ABS Training Ltd for the year ended 28 February 2023.

Respective Responsibilities of Governors and Examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

to state whether particular matters have come to my attention.

Basis of Independent Examiner's Report

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

In connection with my examination, no matter has come to my attention;

  1. which gives me reasonable cause to believe that in, any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

  4. have not been met; or

  5. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Benji Pawlowski MAAT 24 December 2023 Whiteside and Davies Chartered Certified Accountants 158 Cromwell Road Salford M6 6DE

9

ABS TRAINING LTD Profit and loss accounts for the year ended 28 February 2023

Turnover
Cost of sales
Gross profit
Administrative expenses
Operating profit
Interest payable
Profit before taxation
Tax on profit
Profit for the financial year		 2023
£
230,444
(69,905)
160,539
(22,705)
137,834
(28,619)
109,215
-
109,215		 2022
£
94,185
(1,964)
92,221
(30,442)
61,779
(8,619)
53,160
-
53,160

10

ABS TRAINING LTD Registered number: 11203319 Balance Sheet as at 28 February 2023

Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 957,395 750,229
Investments 4 16,729 13,207
974,124 763,436
Current assets
Debtors 5 - 119,990
Cash at bank and in hand 35,102 311,536
35,102 431,526
Creditors: amounts falling due
within one year 6 (3,098) (661)
Net current assets 32,004 430,865
Total assets less current
liabilities 1,006,128 1,194,301
Creditors: amounts falling due
after more than one year 7 (613,782) (911,170)
#NAME? 392,346 283,131
Capital and reserves
Revaluation reserve 8 13,206 13,206
Profit and loss account 379,140 269,925
Shareholders' funds 392,346 283,131

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

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

The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

Mr Osher Jung Director Approved by the board on 24 December 2023

11

ABS TRAINING LTD Statement of Changes in Equity for the year ended 28 February 2023

At 1 March 2021
Profit for the financial year
At 28 February 2022
At 1 March 2022
Profit for the financial year
At 28 February 2023		 Share
capital
£
-
-
-
-		 Share
premium
£
-
-
-
-		 Re-
valuation
reserve
£
13,206
13,206
13,206
13,206		 Profit
and loss
account
£
216,765
53,160
269,925
269,925
109,215
379,140		 Total
£
229,971
53,160
283,131
283,131
109,215
392,346

12

ABS TRAINING LTD Notes to the Accounts for the year ended 28 February 2023

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Intangible fixed assets

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Freehold buildings over 50 years Leasehold land and buildings over the lease term Fixtures, fittings, tools and equipment over 5 years

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

13

ABS TRAINING LTD Notes to the Accounts for the year ended 28 February 2023

Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

2
Employees
Average number of persons employed by the company
3
Tangible fixed assets		 2023
Number
3		 2022
Number
3
Cost
At 1 March 2022
Building improvements
Additions
Surplus on revaluation
Disposals
At 28 February 2023
Depreciation
At 1 March 2022
Charge for the year
Surplus on revaluation
On disposals
At 28 February 2023
Net book value
At 28 February 2023
At 28 February 2022		 Land and
buildings
£
746,591
173,707
25,595
-
-
945,893
-
-
-
-
-
945,893
746,591		 Furniture,
fixtures and
fittings etc
£
3,638
-
10,739
-
-
14,377
-
2,875
-
-
2,875
11,502
3,638		 Total
£
750,229
173,707
36,334
-
-
960,270
-
2,875
-
-
2,875
957,395
750,229

14

ABS TRAINING LTD Notes to the Accounts for the year ended 28 February 2023

4 Investments

Investments in
subsidiary
undertakings
£
Cost
At 1 March 2022 13,207
Additions 3,522
At 28 February 2023 16,729
Investment has been revalued by using an asset value approach in accordance to the Companies
Act 2006 FRS 102.
5
Debtors
Related party transactions
Other debtors
6
Creditors: amounts falling due within one year
Other creditors
7
Creditors: amounts falling due after one year
Long term contracts due to group undertakings
Bank loans
8
Revaluation reserve
At 1 March 2022
At 28 February 2023		 2023
£
-
-
-
2023
£
3,098
2023
£
222,321
391,461
613,782
2023
£
13,206
13,206		 2022
£
33,005
86,985
119,990
2022
£
661
2022
£
505,714
405,456
911,170
2022
£
13,206
13,206

9 Other information

ABS TRAINING LTD is a private company limited by shares and incorporated in England. Its registered office is: 158 Cromwell Road Salford M6 6DE

15

ABS TRAINING LTD

Detailed Statement of Financial Activities for the year ended 28 February 2023

This schedule does not form part of the statutory accounts

Sales
Cost of sales
Gross profit
Administrative expenses
Operating profit
Interest payable
Profit before tax		 2023
£
230,444
(69,905)
160,539
(22,705)
137,834
(28,619)
109,215		 2022
£
94,185
(1,964)
92,221
(30,442)
61,779
(8,619)
53,160

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ABS TRAINING LTD

Detailed Statement of Financial Activities for the year ended 28 February 2023

This schedule does not form part of the statutory accounts

Income
Grants received
Rent receivable
Donations received
Less:
Fundraising costs
Net incoming resources available
for charitable application
Charitable expenditure
Cost of ActivitiesIn Furtherance
of the Charity's Objects
Youth activities
Direct educational costs
Administrative expenses
Premises costs:
Portable cabin hire
General administrative expenses:
Bank charges
Insurance
Repairs and maintenance
Depreciation
Legal and professional costs:
Independent examiner's fees
Other legal and professional		 2023
£
19,980
48,000
208,402
(45,938)
230,444
27,202
42,703
69,905
-
-
182
1,897
13,295
2,875
18,249
1,200
3,256
4,456
22,705		 2022
£
-
49,000
46,455
(1,270)
94,185
-
1,964
1,964
7,194
7,194
53
1,776
4,120
-
5,949
480
16,819
17,299
30,442

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