COMPANY REGISTRATION NUMBER: 11203319 CHARITY REGISTRATION NUMBER". 1189584 ABS TRAINING LTD Company Limited by Guarantee Unaudited Financial Statements 29 February 2024 WHITESIDE AND DAVIES LTD Chartered Certified Accountanls 158 Cromwell Road Salford M6 6DE
ABS TRAINING LTD Company Llmlted by Guarantse Flnanclal Statements Year ended 29 February 2024 Page Trustees, annual report (incorporating the directorfs report) Independent examinerfs report to the trustees Statement of financial actsvit$ (Indlirj income and expenditure account) Statement of financial position Noles to the financial statements 10
ABS TrAINING LTD Company Llmlted by Guarantee Trustees. Annual Report (Incorporatlng the Directorfs Report) ledol Year ended 29 February 2024 The trustees. who are also the dire¢lorn for the purposes of company law. present their report and the unauditad financial statements of the charity for the year ended 29 February 2024. Referen and •dmlnlstratlv• d•lalls Rfjglst•r charfty name ABS TRAINING LTD Chrlty ro91strallon number 1189584 Company r•gl•tratlon number 11203319 Pilnclp•l offi¢• and r•gl•t•r•d CIO IhThiteshde & Davies office 158 Crorrmell Rd EnglaThd M6 60E Th• tru8t••• Mr l Goldberg Mro Jung MrA Worch Ind•p•nd•nt •xafflln•r D Polak 158 crony11 Road soffd M6 6DE Stru¢tuM. gov•man¢• •nd man•g•m•nt ABS Training Ltd is a ctynpany ltsnited by guarantee incorwrated on 13th February 2018 and is governe(l Lry Its am•nded memorandum and articles of 8¥gcck8lion. dated al 5th February 2019. registered by the Charity Commisstr)n on 20th May 2020. The Oirectorsffrustees am responsible for the governance of the organi88tion and are xtive in all op¢ratb)nal aspects of Strateg management. Major policy decisions are decvjed at full Diredor5 1 Tru$tots meetings. The DirectOrnN$t0es in office throughout tho yoar w8r&'. Mr 08her Jung, Mr 1888¢ Goldbery, Mr Avrom Worch. The above are stlll In post al dale of the approval of the accounts. All trustsas seNe at their post for this charty volunlarity. There are no trustees employed by, or have any beneficial inlere$l in the charty. Details of any reled party transacti$ aro di$¢losed as applicable in the note8 to the accounts. The Iruslees have been advwl of any defects or Omiss$ and have ensured that they ar• ¢ofr•¢tod. No tFU8lee nor any pernon connected with them T•ceNed any remuneration during the year. Obl•ctlvo8 •nd a¢tlvllles The object ofth• ¢harty ts.. The advancement of edUcan by malntainiTrJ the eSli$hm0rt1 of an Xadery for the schoollng of SecUr and rel3MlUS Studies. Charitable a¢tiviti•s Include.. al EdlatIon and Trawling to Y(ng wcrfnen aged 1&19 from MirlI1e$ grcwps to support them towards better empkyment opportunities. Educ*ion and Training i1deS.. National Accrediled Qualification Cours8$ and exams. pastoral and tutorial Sthrets. guest $wkers. vocational course$.
ABS TRAINING LTD Company Limited by Guarantee Trustses. Annual Report (Incorporating the Directorfs Report) Year ended 29 February 2024 employability skills training. career guidance and events. bl Youth activities and s¢xial events for young women from di$advantsged gTOUPS to improve tlT quality of Ilfe. Increase their recreational outlets, promoting posilNe wellbeing and personal development. Adivities inGlude-. weekly warm lunches. trips and hikes. annual ovemight retr&*. music. drama and dance @vents. social actwilies and talent workshops. Ourvlsion Our vision is a worfd in whtch 811 people have access to quality education and equal employment opportunitiOS. Our Mlssion To provide quality education and progression routes for young women for wh¢Jn 8t8tutory servlces fall $ho¢ and who Stfuggle to reach their potential due lo extenuating factors, such as rellgion. pjverty andlor ability. Our Responso ABS Training Ltd is a lead1g further education establishment for young wc#n&n from the Orthodox Jewish community. We support young wmien aged 1&19 years to access qualty, mainstream education. improving their employment prospects and reducing hisloricalty high povety and inequallty. Annually. we provide a variety of accre(liteil and skills-based programmes with clear progression routes. Thi5 is supptemenied by PSHE, cumural and community projects which provide gro and wellbeing opportunities. Natlonal Accredlted Courses: We provide a range of National k¢redited Course8 to enable our students to qualify for various employment opportunities. We are committed to 8X¢8118nee in educat¢on with robust Quality assuranc8 pre¢edures in place. Courses are delNered by qualified and competent staff. We are a registered Exam Centre with JCQ and the levant Awarding Bodies. Courses.. AqT Accounting Level 3 Maths A Level Art A Level BTEC Art and Deslgn Level 2 and Level 3 BTEC Creative Media Level 2 NCFE Supporting Teaching and Leaming Level 3 8CS ECDL computers levels 1-24 OCR Business Level 2 Vocatlonal cournos and Worflsho A variety of vocational courses and work$hops are availablg each tem). Students choose a COUTse based on their interest. TaEenls are developed, selFwconfidence is boosted. friendships are created and the general happy atsnosphere improves student wellbging. Professiona15 and local business entrepreneurs deliver the w06h0ps. Students broaden their career choices by ralVIng a taster in a variety of employment sectors. Couvses and workshop8: Hairstyling - Haircutting. Home Organisation Fine art- Oil Painting, Pyrography Fruit and Food Presentation Aerobics and swimming Photoshop. Illustrator. and Audaclty
ABS TRAINING LTD Company Llmited by Guarantee Trustses. Annual Report (IncorpOrang the Directorfs Report) f¢oftttnu¥dJ Year ended 29 February 2024 Sewing and Atterations Intro to Special Needs. Rdexology, and 0UpatiOnal therapy. Finance and Budgeting Computers- Word, Excel and PowerPoint. Soeial Actlvities The 50cial activiligs and prrarnmes are planned and led by students. This creates opportunities lo develop their seonfidenCe. leamwofking. communication. budgeting. and teadership skills. Talents and personal strengths are developed as sludenl shine in their creational ou118ts. Preparations are enjoyed as much as the events as they create friendship. develop their talents and grow in a happy atmo8phere. Social events include: Healthy breakfasts and brunch Twice a week wami lunch Trips lo the beach, countryside, trampolining. Convention8 Monthly soclal act1vrtS and games Annu weekend retreat in the countryside wilh guest speakers and full programme. Musi¢al, Dance and Drama Event. Learners rehearse and prepare for weeks prior lo this event which is attenéed by many c¢)mmunty membws. Our Measufès of Su¢ce$s We implement robu51 MEL {Moniloring, Evaluation and Leamingl pr¢xesses to measure success and track each indivldual's progress. as well as to quanlfy outputs and share learning. ILPS {Individual Learning Plans) are used lo track eath leamef¥ progress on a steady basis and ts recorded on our Sludenl Tracking Database. Outputs are mea$ur8d through robust record keeping. including attendance registers. work and mart¢ records and certification logs. aualty assurance procedures are in place to monitor quality of teaching, learning and assessment. We do lemily surveys to participants lo rale their experience wilh the courses, soc¢al events and employability skills development. We record and ¢ompare each 1grm$ re$uh. SLT will dlscuss the outcomes al their meetings to anatyse where we can improve and what achievements we have made. Publlc benefit The Trustees confim their complhqnce with the duty to have due ragard to the Public Benefit guidanc8 published by the Charity Commission when reviewlng the Charity's aims and objectNes and in planning future activities. Strateglc report The following sections for achigvement$ and perfom)ance and financial rev¢ew fom) the strategic report of the charity. Achigvgments and performance We supported 90 leamers (2022.. 951 across the year, through a variety of accredited leamlng programmes, caregr guidance. and social activitie$. We delivered a variety of accredited IT programmes. accredited with BCS at level 1 and 2, supporting digitally excluded young women to access core skills. This year we hav& implemented that every student will attend an IT course to progress in her digital 5ki115 to the next level. We see this as extremely important as many come from schools that don't teach computers and the leamers come in with mlnimal or no computer knowledge. We urKlerstand the Importance of bridging the digital divide in today's sertiety si0 most workpla$ rwulre IT skills. We are committed lo ensur8 that'all student$ leave the centre confident to use IT.
ABS TRAINING LTD Company Llmlted by Guarantee Trustees, Annual Report (Incorporatlng the Directorfs Report) {cwJthw Year ended 29 February 2024 We also UPgred our popuL8r NCFE Diploma for T&ichiThJ Assistant certificate from a level 2 to level 3. This cours8 18 a popular clbxe amcwst benrfKiarie5, pfovKling employment opportuniknès in educatlon. a massive soctor wilhin the Comrwnity. QTS- induding topics like planning. ddNering and assessing lessons. All points were covered over the course pwkid and airthj to 6stabtish exlnI teaching abilits¥. good érTwloyabilty skills as well a8 88 responsibility in the work place. There was a Iwgfr wJrtion of PTttcal wty, Indudlng 1ChIng observaUons and plaCrnts throughout ts year. Th8 curriculum r4 designed to be holt and YKlude prxucal skil, kn(wledge and pgrsonal development. This 18 delfvered In a k)gical and clèar manner. Transferable skills are taught which will 888i618tud¢nts bOycd tho v)JaliDn onvKimnI into future emptyn¢nl and handling Ilfe 8ituations. Our commitrnenl to ex¢ellen¢e In educbn18 $h•r¢(I by 1 staff. Thty havo high expectations from 1oam•r# arKI offer 1.1 supwl where required so each individugl Te8ches Ihwr potentlal. Behavtrjur cOntinLs to be eXcelnI. and the classroom environment is conducive to a p05ttfve leamir &xp8rtence. LèarnoTS PartIpate and achieve. Attendance rate for the year was a 801hl 94%. Attendance and punctuality is managed by "p8rsonal days" systems which has improved attendance. Leamers show ¢¢Jnmitment to l¢amiw 8nd dem¢)n8trate prid6 in thoir achievom&nts 08 tY progM8 frtyn Level 2 to Level 3. Overall. ac1 accrodiw knamirvJ prqirammes w• h•v• achièved a 93% pass rate In comparison to the Nattonal Averag• pa rats 0189.9%. had an 0818ndIng 94% r•tontlon rata In comparison 10 tho 91.7% N8tional Average. Our toam8f$ are melhodulty acclwnated to the worf(place through employgr involvement and work experience built Into all our kniNJ pfogrammes. We Supported meT$ wth opportunities to gain 8ki118 8rtd advi¢e. and prL¥Jress trywards empbrnwil aAlor fvrthgr leaming, d•llvering career guidance workshops. wc# pla¢em8nt$. and monloring. W• fun annual buslness and career fairn where local profes81818 come to meet Ihe me18 and talk abo tholr training. bu8ines8. ar experlence8. The 8ludenls galn Irem&)dousty frcAn tho88 events as il glves them thg chaneo to speak 10 tho profe$$ional¥. Ernpwnt & progression routos ¢tInUe to be excellent with 100% of our l•amer8 having Secured empknyment andlor continued adatIOn withwi the local communty. Safeguarding continu•8 lo be 8 priffjl and w88 furt1 dev•knwl durlng the y8•r. Our DSO and Deputy DSO also attended reguLgr Safeguardlng SupepAslon Groups to ke8p abwa$l of new development$, lo ro¢•Ne support in th•r rotes. and to $hare best practlco. Loamers report that they feel 88le and protected and kft Wre to go rf they need a01 or h9¥>. Th•ra were no seriou8 8¥fgguarding incKlents during tho yw in r8vi**. We continuod to develop the skilL8. ¢onfKlenc• and value8 of our leamers and alumni through our enr¢chment pr(>Jrammes and through regular opportunitie$ for ywth leadership. Leamats developed into responsible and respedlul citizens who play their part in s¢xi8ty. communty and public lrfe. At tho heart of our cultural a¥areness was wr Jewsh Studies Programmg, whith was Supplemented ty regular celebration of culluraUrelvJH)us hdidayg and induded a lot of enrthmenl opportunilies. develwng e4infidence. skblls. valueG and identTrty. Our alumni are continwusty 8ngaged and supported through regular convention$. Our staff and volunteers were supported with opportunittes for tralning, progrossion. and COntind professional development. We continue lo prioriti8e a safe. SUPPOTtive and welcoming environment for our staff with employeè satisfaction at an alRime high, evtdenced through staff r8vtews and feedbxk. Thls year we have made some amerK1nts to the premises. we have created a classroom, more offices lor 1..1 mentoring, and outfitted another ccffipuler roc¥n. We also extended by eonstrucling 8 11-unit m¢Jdular buikling thai has becom tyjr corrrnn rcom. this hosts all our social events, lunches
ABS TRAINING LTD Company Limitsd by Guarantse Trustees. Annual Report (Incorporatlng the Dlrectotr$ Report) (cwdnu80) Year ended 29 February 2024 and l•dure5. Key outcomes for tha yèar ' Increased learner ¢ounl. up 4% $irui last year. ' 93% pass rate ocross all accredited leaming progranynes. ' 94% Me1 relenllon rate ' 94% attendance rate ' Exce119nt progression - 1 of cometerS erthar secured employment continuing U¢8110rt on a hher-IeveI course. . Maintsirrtd h¥h lev•16 of out8tsnding behavi(wr." Mainloined hh levels of Igamer and staff satisfact¢on. ' Improved Saf•guarding and procedures. ' Delivered lor the fir81 time Supwrting Teaching ar Leaming Level 3.- Expanslon to preml688 a ne common room lo host kryctur68 and 8cÉlal 6vents." Nthv computer cla88room ' More offico spac08 for 1.1 supp)fL Trustees afe plaa$ed with tho 91 porfmnco yo•r. frtyn a dolw and organlsation developmenv sustainabilty focus Fundral•lng During the year funds were Tafjd from varlous charitabl8 organmtnS. In ordor for us lo continuo rolling out fvrther Irainirva opportunities and youlh 8¢thAties wo plan to eslabllsh a dodicatod lundralslng offic4 which throwJh grant writiry and outreach will generate suTrianl funds. Fln•n¢l•l r•vl•w We are pknased to rew1 oxcepknal ofttro ¢harty in twm of income, enrolm•nt and actNitles. This yearf8 total incoming resource8 wefe £214,521 {2023'. £276.3821. th8 tru8te88 are satisfi•d wllh the financlal re8uIt8 for year. with a net surplus for the year of £17,92712023'. £25.7621. Funds are avallable lo pernit the charity lo continu• in operatn in the medium lo Icry temi and to continue lo fvnd worthwhib proi8¢ts. The DIr0¢tornruSteo8 have continued working hard to keep c08ts and overheads lo a minimum wllts)ut comprcrfni8irYd on our high stsndard of serllce and professlon8li$m. RM•rvu pollcy The Trusteos 8im to hokl ro8orv8s of at le88t three ffKJnths' aclwrty runnlNJ ¢ost8 to 8afegu?rd th• contlnued delivery of semces. At the year ervj. the charity did not hold free r8sew. The signlficant decline in froe reserves 1$ twnporary. The trustee8 jU8tified that in this porticular instance, drawing down from free reserves for the premms expansitin wag warranted in order to énsure bng-lerm 8UStainabilty. W¢fv d¢véb)ped a robust financiat strategy for108n r8payftnt and to bring Q$8Dies back to required level8 by January 2027. Plans for fulure perfods We are committed lo continuous improvwnent and deveb)wnent of our support to learners and the ommunty. As $u¢h. trustees have set s(¥rn key goals as folSM.' . Increase Mr numbers. supporting more young womèn do not have acce¥s to mainstream education. Continuè dglivgring ¢ducatlon. employrMnt a1 PHSE support to minoritized young women. whllst being mindful of the cuffenl environment. including declino in mentsl healih, increased cost of living. and hlgher than arage yOLrth unemployment. . Continuousty improve teachirvJ standards, providing more tralning and support for staff. . Diversrfy our leaming programmes. to include more digital. design, and health care trades, to incroas¢ employment Opn5 avenues, in line with national and global trends. . Incrgase the support available to young women with regards to their personal, swial and emotional developmenL . Improve staff and student r¢cord keeping through investiThJ in appropriatè 8yStams and staff management capacty. Develop partnershps with local employers in order lo
ABS TRAINING LTD CTrPany Umltod by Guarant•e
ABS TRAINING LTD Company Limlted by Guarantse Independent Examlnerfs Report to the Ttse$ of A8S TRAINING LTD Year endod 29 February 2024 I report lo the tru$lees on my examination of the financial Su•nts of ABS TRAINING LTD tharity'l lor the year ended 29 Febnwy 2024. Rospon$lbllltlo• Ind ba818 of r•port As the Injslees of the company {•nd afso Its directors for the purposes of company law) you are responsib for the preparation of the financial stslemenls In aecordance with the iequiremenls of the Crynpanies Act 2(M)8 (Ihe 2006 Act.). Having Satisfied my$ell that the a¢Munts of the ¢cnpany not required lo be audited under Part 18 of th9 2006 Acl and are eligible for independent examination, I rw¢yt in respect of my examination of the charty's accounts as c8rrd out under sectlon 145 of the Chariti88 Act 2011 {'the 2011 Acl'l. In carrylng out my examination I have Idl¥9d the DlrxtK)ns given by tho Charity Commissk)n under section 14515)Ibl of the 2011 Act. Ind•p•nd•Tht •x•mln•f• •ttwn•nl I have completed my examinatM?n. I confim) thal no matterd have to my attentlon in connectlon wilh the examination giving me e8u88 to bellav6'. a¢countiro rK(Yds not kyt In ra8pect of tha charty as roquir•d by 8Ktlon 386 of the 20(6 Act: or the financwl slatemonts do nol a¢cord tho•• record8: or the finarKi•l slatwnonts do not ¢ompty w6th Ihè rcounUng requlrem•nts of 8actlon 398 of the 2006 Act other thon any requirement that the acvnI$ givè a 'true and fair ¢W which not a mattw considered as Ind8p•ent examination,. or the financlal Jtatements have not b8•n prepared in cdanC• wth the methods and prInap of the Statement of Rec¢Knmended Pra¢tke for accounting and roportlng by chariiie8 appluble to ¢hariti¢s preparbng their accounts In 8ccordarTh wlth the Finan¢lal Reporting Standard applicable In Ihe UK and Rep1¢ of Ir8Land (FRS 102). I have no concems and have com? across no other mattèrs In connection wlh the examinallon lo which attention shoukl be drM in thls rwt in order to enable a proper understanding of the accounts to be reh¢d. D Pollak IrKlepgndent Examinw 158 Cromwell Road Salford M6 6DE
ABS TRAINING LTD Company Limbted by Guarantee Statement of Financial Actlvltles (including Income and expendlture account) Year ended 29 February 2024 2024 Unrestricted funds Total funds Totsl funds 2023 Income and endowmènts Donattons and legaGies Investment income 166,521 48.000 166,521 48,000 228.382 48.000 Total Incom• 214.521 214.521 276.382 Exponditure Expenditure on raislng funds.. Costs of raising donations and legacies Expenditure on charitablè activilles Total exndIre 1,983 230.465 1,983 230.465 45.938 121,229 167.167 232.448 232,448 Net lexpendlturelllnccKn& and n•t movement In funds {17,92n 117.92n 109,215 R¢¢on¢lllatlon of fund5 Total funds brought forward Total lunds carrled forward 392,345 392.345 283.130 374.418 374,418 392.345 Th8 Stal8mgnt of financial activities includes all gains and losses rocognised In the year. All income and expenditure derive from contlnulng xtlvities. The notes on 99$ 10 10 18 fomi p•rt of th•ge finan¢lal glatements.
ABS TRAINING LTD 29 F•bn•ry 2024 Tqn9lbkn T0d a•e•ts 10 1• 982,7X* 18.729 957.395 16.T29 979.479 974,124 C••h at b•nk 31102 17
004
980.rn 1,Cth,128 613.783 874418 Fund• •fth• ¢hwty Unr•th&thJ fvnd• 37&418 392.345 392.345 Tol•l ¢h•rhy fuTrd• 374,418 477 ofth• Comp•th kl 20 lo MPa
ABS TRAINING LTD Company Llmlted by Guarantee Notes to the Flnanclal Statements Year endgd 29 February 2024 Gon•ral Infomiatlo The charty is a public benefit entity and a private company limitsd by guarantee. registered in England and W8le8 and a registered charity in England and Wale$. The addre88 of the regIsted offke 1$ CIO Whlta$lde & Davles, 158 Cromwell Road, England, M6 6DE. 8t•tem8nt of Qompllance Th68e financigl ststemenls have boon prnp•red In compllance with FRS 102, 'The Flnancial Reportlng Standard applicabla In the UK and the Republk of 11oland'. the Statement of Recommended Practice applicable to ¢haritles proparlng their accounts in accordance with the Financial Reportlng Standard 8pplicabl8 in the UK and Republic of Ir•larKI IFRS 1021 (Charities SORP IFRS 102}l and th• Companiej A¢1 2006. A¢¢ountlng poll¢l 81•l• of pr•parntlon Tho financLol 81al8mon18 have been prepared on th8 hl8torlcal ¢08t bash, a8 rn¢xlifiod by the revaluation of certain finan¢lal assets and Ilabllllle$ and investment proport1e$ m8a8UTed al falr Volue through Incom or 8xpenditur¢. The llnanclo18tatam•nl$ ore propared in st•rllng, whlch Is tho fvnctlonal currency of th• entlty. Golng ¢onc•m Ther• are no materlal uncertalntles about the ch8rfty'8 abllty lo contlnue. Judgement• and koy •ourc•• of ••tlmatlon unc•rt•lnty The pmparation of the flnanclal Statements rnqulres managem•nt lo make judgements, •slimaté8 and 88sumpllon8 that affect Ihg amount8 reported. These e81imal88 and Judgements are continually reviewed and aro b88od on exparienc8 and other fa¢tor8, Including expectations of future event8 that are believed to bo reJsonabl• undèr the circum8lanc88. Fund accountlng Unr88tdetsd lund8 ara avallabla for u80 * the dl8cretlon of the tru8tee8 to further any of the charttys purposes. Designated funds are unrestricted fund8 earmarked by the tru8teas for particular future project or ¢ommlth)ent. Restrlcted funds are Subjected to re81rictions on Ihelr expenditure declared by the donor or through the lems of an appèal. and fall Into one of two 8ub-dasse8.' restricted incomo funds or •ndowmenl funds. 10
ABS TRAINING LTD Company Llmlted by Guarantee Notes to the Flnanclal Statsments (eon&w8 Year ended 29 February 2024 Accountlng pol1cl (e Incomlng r•souvc•8 All In¢¢niThJ r?Ulce$ are Included in ts stateffffit of financkql actbvitses when entitlement hos passed to the charity., bt 18 pr(able thal the •coTh)mic beneffts associed with the transaction will flLr•V lo the charity and the amount can be retiabty measured. Th8 followin9 specffic policies •re applied to partlcuLar categori88 of inc¢xn&: income from donatlons or grnnts Is recrJnised when ther818 ev118re af entitlemt to the grfé. r6ceW L8 prnbab and r4nounl can be rroa8urwJ reliabty. acy income IB recogni8ed when rxeipt is probable and enliuement 18 e8tabllshed. income from don8t¢d gMd$ 1$ Med at tho fair of tho got)d8 Un8$ Ihls is impractical to measure reliabty. in whh case the value is derived from the cost lo the donor or the 68tirn8led re8ate value. Dated facilrtie$ WKI ar8 rec¢>Jnised in the a¢Gounls when rKeived rf the value can be reliabty measured. No amnts arn induded for the conlribulion of 98nernl volunteer¥. income from conlracts for the suppty ol services 18 recognised with tho do1¢ry of th• onlra¢led seryKe. Thr4 15 classified 88 unrestricttyj funds unle$8 thère 18 a conlraclual requirement for rt to 8p8nt on a particular purpose and returned rf unspont. in whi¢h c88• it may bo rogwded as reBtricted. RMour¢e• •¥p•nd•d Expenditur6 18 ro¢ognis•d w an 8wu•ls bagts as a Ikbifty 1$ Incurred. Expenditure includes ony VAT whkh cannot be fully recovered, and r8 cI&88rfd under Jingl of the statement of flnancSal act111 lo whkh11 felale8'. experKllture on ralllng fund8 Indudes the costs of al fundrai8lng a¢tfvitlo8. evonts, non4writ8bkn trling •divll•, and tho s of d(xwtad good8. oxpefKlituro charitabh activibe$ in¢kth dl co8t8 incurred by a charity in undertaking activities that further its charitabfe aims for the bgneffl of bts boneficlarie8. including those $upport costs and cost$ relating lo tho 9ovemance of t charity apport(oned to charitab olher expenditure includes all e>pendiluT¢ that 1$ neither related to rnlsing fund$ for the charity nor part of its expenditwe on chwitth xtr4ikn'es. I costs are allc¢ated to expenditure categories renectiThJ the use of the resource. Direct c081s attribL¢tsble to a single thty ar¢ dirtttty to that activty. Shared costs are apportioned ben aevilles they contribute to on a reasonable. juslifoble and consistanl bash. T•nglbl• auets Tanglble assets are ii¥balty recorded al cost, subsequenty stated at cost te88 any accumulated deprecIaon and impaifftent bsses. Any tangible assets carried al revalued amounts are recorded at the fair value at Ihe date d revaluation less any subsequent accumulated depreoation and $ubsequent accumui*gd impairment10s3es. 11
ABS TRAINING LTD Company Llmlted by Guarantse Notes to the Financial Statsments Year ended 29 February 2024 Accountlng polldes Tnglbh asuts (c(¥Jthu•¢O An incr•a8e in the canying ount c(8n 85Set 8S 8 result of a r8valuation.18 recognised in other reccgnlsed gains and losses. un¥ it reverses a charge for impainienl that has previousty been fecognlsed as expenditure within the statemt of financral actwitss. A dacrease in th8 carying amount of an asset as a re8uII of revaluation. is rwnised in other fecognised gains and los$e8, •xc•pt to which it ¢)ffsets any prevUS revaiualion gain, in whKh caso tho loss is Sh¥n within other recognlsed gains and Ios88s on the 8tatement of finarKlal activities. Depr•clatlon Dopraciation 18 Co18ted 80 as to wre off cost or vahJatx)n of an a¥set. loss it8 residual value, OV8f th¢ useful OnOMIC Nle of th 8sW as follo. Flxlures and ffittln 20% strght lin& Inve•tmonts Unlisted equlty Investment8 are Inltlally fecorded at co8t, WKI lubsequentty measured at f8 value. V fair value cannot be Telthly rr8sUr. as aré m8a8ured at cost les8 impaimienl. Ll•t4d invMkn•nts af• m•Urnd * lair valw wllh charyes In fair valuo belng recogni$•d in iOrne or expendure. Inv•th•nts In ••xlat•• Investments in assoclales accounted for in cordanco the ¢osl are record•d at c1 1861 Y accumulated ImpalmlI088. Inveslments In 088OCk4t•8 Countd for h accordance with the lair valua model are Initially recorded at the tra1CtIOn prte. At exh repjrting date. the Investments are moa8ured at falr value, with changes In fair value taken through inc(yng or oxpendrture. Vthere it is imprxlicablé to measure falr value rellobty wlihout unduè ¢08t or effort the cost rrw)d•l will adopled. Dwldends and othef dlslributK)ns rttthved from the investment ar• r•cognlsed as income without regard to whether the distribun$ we from &cwnulaled proffts of the associato aring bafore or aftar th• d81• of acquisilion. Invulm•nts In Jolnt v•nlur•• Inv¢stm¢nts in iointty controlled enlltie5 4Kcounted ts In xcordance wth thè cost model are recorded al cost1885 arty a¢¢umulated Impalmnt thsos. Investments in jolnty ¢ontroll&l entities xcounted lor in xcordance wh the fair valug modél are Initially recorded at the transaction price. Al &qch reporttng date. the investments are measured al fair value, with ¢hangeg in fair value en through incL¥no or expendilufg. lther8 it is ImpractKable to measure fair value rdiably withoth undue cost or effort. the cost model will be ad(yted. 12
ABS TRAINING LTD Company Llmited by Guarantee Notes to the Flnanclal Statsments lex) Year ended 29 February 2024 Accountlng pollcies Inv•slments In Jolnt ventures (wjthxxo) Dwtdends and other distributKXJS r8c8iv8d from the invesknent are recogntsed as ir¢come without regard to whether the distribution$ we from mulated wofits of the joint venture arising before or after the date of acquisition. ImpalmMnt of fixed assets A revivw for indicators of impawment is canie(l out * each reporting datè. the recoverable amount being estimated where such indicators exist Where the carrying value exceeds the recoverable amount. the asset is unpaired xcordingly. Prnr imparnwrts are also reviewed for possible revers at each reporn9 date. For the purposes of wnpaimwbt testing. Then it is not possible to estlmate the recoverable amount of an indlvldual asset. an estimate is made of the r0Verable amount of the ¢ash-generating unlt to which the asset bel¢)ngs. The eash%enerating unit is the smallest Identifiab group of assets that includes the asset and generatfjs osh inflows thal lar9ely Independent ofthe ¢ash infkfiys frcKn other wets or grow of assets. For impairffnt testing of gocMI. the 911 wuired in a buswless combination 15. from the acquisition date, all¢xaled lo each of the cash-generating units that are expected to benefrt from the synergies of the Combinat)n. irrespeclive of whether other assets or liartieS of the charity are asswJned to tIK>S¢ units. Flnanclal Instruments A financid asset or a financial liabrfity is recognised only TAvi the charity becomes a paty to the ¢onlra¢lual provi%ion$ of the in5truThEnL Basi¢ fin8n¢k?l instruments We inlolly recogrmsed at the amount recer4abkn or payable including Current assets and current IFabikne5 are $ubsequenty measured at the Cash or other constderalion expecled to be pakl or receNed and not discounted. Debt instwments are subsequenty mèasured at ntytised ccL IAlh8re investrnents in Shares are publth traded or thew fair value cart otherwise be measured relkqts. the investsrth is subsequentty measured at faw value with change5 in fair value recognised in ineome and eypenditure. AU clher such investrnents are suWntty measured at cost $S ImpainenL Other finanual instruments. indudng derivatsves, are ts11Y recognised * fair value. unless payment for an asset is deferr&J Wond nornial busin9$5 term5 or financed at a rate of Interest that is nol a markel r*e, in whh case the asset is measured at the present value of the future payments discounted at a market rale of witwest for a similar debt instrurrent. Other financial instruments are subsequentty measured at fair value. with arry changes reccgnised in the statement of financial aclivtties. with the excepth?n of hedging instruments in a deslgnated hedgiryj relanshIp. 13
ABS TRAINING LTD Company Limbted by Guarante6 Notss to the Flnanclal Statements (Gonthuedj Year ended 29 February 2024 A¢countlng pollcles (condnuedj Flnanclal Inatrurnents (¢Olllthu¢dJ Financial assets that are m¢a$ured al coyt or amortised c08t are reviewed for obleclive evidence of impairm8nt at the end of each reporting dal8. If there is objective avidence of impairment. an Impalrnent 1088 18 r¢¢ognised under the appropriate heading in the statement of financial a¢tlvltle$ In which the initial galn was recogni8èd. For all equity instruments regardl888 of 8lgnlficanc8. and other flnanclal a88ets thal are IndNidually sIgnleanI. these affj assess Indlvldually lor Impalrment. Other financlal a¥sets are either as3e880d individually or grouped on th8 basis of Similar credit risk characteristics. Ary revar8818 of impairment are recogni88d immedialèty, lo the extont that the reversal does not result in a carrying amount of th8 financial as8et that exceed¥ what th8 ¢arrying amount would hav6 be8n h•d the Impalrmenl [t prevtOU8ly been recogni8ed. Llmlt•d by guarant•• ABS Training Ltd Is a re9lst•red ¢haTity and a company limited by guarantee and do&s nol have 8hare capltal. In the av8nl of tho charlty b¢lng wound up. member8 are r•quired to contrlbula an amount not exceedlng £1. Don108 and l•gacl Unrestrlcled Total Fund• Unr88tridod Total Funds Funds 2024 Fund8 2023 Oonatlon• Donallon# 168.521 186.521 228.382 228,382 InvMtmont Ineom• Unreslrkted Total Funds Unrestrictod Total Funds Fund8 2024 Funds 2023 Inme from Investment propertles 48,000 48.000 48,000 48.000 Costs of ral•lng donatlon8 •nd1oga¢lo8 UnreslTicted Totsl Fund$ Unrestrfcted Total Fund$ Funds 2024 Fund$ 2023 Costs of ral$ing donatlon$ and legacle8- Donations 1,983 1,983 45,938 45,938 14
ABS TRAINING LTD Company Llmltsd by Guarantee Notss to the Flnancial Ststements Year ended 29 February 2024 Exp•ndSturn on charllable •dlvlUes by fund typg UNe81r Total Fund• Unresthcted Total Fund8 Fund8 2024 Funds 2023 Charitable ac Support costs 146.080 84.385 146.080 84.385 85.097 36,132 121,229 85,097 36,132 121,229 230.465 230,465 Exp•ndltur• on charftable acllvltlo8 by actlvlty typ• sup Total fund8 2024 Total lund 2023 difecty Charitablg xtfr4lly Govemance costs 146.080 81,885 227,965 2.500 120,029 1.200 146.080 230.465 121,229 10. An•ly•l• ot •upport co•ts Anatysis of $t4)port costs Total 2024 Total 2023 Staff costs General office Flnanc¢ ¢osts GovemarKe cost8 Legal and proles8KMwI DopreGiation 1,508 39.023 34.407 2,500 3.279 3,688 84,385 39.023 34.407 2.500 3.279 28.801 1,200 3,256 2,87S 36.132 11. N•t {•xp•ndliur•Vlncom• Net {eYpeTrd6turerOrn•0S ltaled after charglwllcredllingl: 2024 2023 Depreclatlon oltangible fixed 88set8 3.668 2,875 12. Ind•p•nd•nt •xamlnatlon f 2024 2023 Fees payable lo the independent examiner for. Independent examination of the financial $tatJn*)ts 2.500 1,200 15
ABS TRAINING LTD Company Llmited by Guarantse Note8 to the Flnanclal Statements (oonthu Year anded 29 February 2024 13. Staff ¢o$ts The total Staff costs and amployeg bengfils for the reporting period 8re analysed a6 follows.. 2024 2023 Wage8 and salari88 15,806 Tho 8varag6 hood count of employeos during the year was 3 {2023'. NII). No employee recoNed employee beneffts ol more than £60,000 during the year {2023'. Nil). 14. Tru8tM remun¢rntlon and 0xp•nl No remunerallon or other boneflts from employmanl wlth tho charlty or • related entity were ro¢0ivod by the Iruslees. 15. T•nglblo flx•d a8••t• Fr•¢hold Flxtura$ and prop8ty fittin98 Total Co•t At 1 March 2023 Additions 945,893 5,058 950,951 14,377 3,965 0,270 9,023 969.293 At 29 F•bru•ry 2024 D•pr•cl•tlon At 1 March 2023 Charge for thè year At 29 F•bruary 2024 C•rrylng amount At 29 February 2024 At 28 Febwary 2023 18,342 2,875 3,668 8.543 2,875 3,668 6,543 950.951 945,893 11,799 11,502 962,7SO 957,395 16
ABS TRAINING LTD Company Limited by Guarantee Notes to the Flnanclal Statements Year ended 29 Febry 2024 16. Invo5tments OthoT Investments Cost or Valuaon At 1 March 2023 Additions 16.729 At 29 Fèbruary 2024 ImpalTm•nt At 1 March 2023 and 29 FebnHry 2024 Carrying amount At 29 Febrnary 2024 At 28 February 2023 16.729 16,729 16.729 All inveslmenls shtr•m abthw hekl at vaKtiOn. 17. Credltors: amounts falllng dy• wmhin one ye•r 2024 2023 Accrnals and deferred inc(xne 3.098 3.098 18. Credltor&: amourrts falllnq due after morn than one yr 2024 2023 Bank loar* and overdrafts Amounts owed to group undertakNvJs Other creditors 375,808 44,401 186.082 391.461 36,240 186.082 606.291 613.783 17
ABS TRAINING LTD Company Llmltsd by Guarantse Notes to the Financial Statsments (¢onth4rtdJ Year ended 29 February 2024 19. Analysls of charltable funds Vnrestrfct•d funds At 29 F•bruary 2024 At 1 March 23 Incomo Expendrture General fund8 392,345 214,521 (232.448} 374,418 At 28 February 2023 At 1 March 22 InGom• EXndttuf6 Genèral fund8 283.130 276.382 (167,167} 392,345 20. Anaty•l• of not •M•t• betw•on lunds Unrestrfcled Totsl Fundg Fund8 2024 Tanglbla flxed 8888ts Inv•8tmnts Current a88el8 Creditors less Ihan 1 y•ar Creditors greater than 1 year N•t a•80ts 962,750 962,750 16,729 16,729 4.328 4,328 (3,098} (3,0981 {806,291) {806.2911 Unro8lrl¢ted Total Funds Funds 2023 Tanglblg flxed assets Invgstrnenls Current assetj Cr8dilor8 le88 than 1 year Creditors greater than 1 year Net asets 957,395 957.395 16,729 18.729 35,102 35,102 {3.0981 13,098} 1613,7831 1613,7831 18