Registered Company Number: 11721648 Registered Charity Number: 1190461
BILD ASSOCIATION OF CERTIFIED TRAINING
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
BILD ASSOCIATION OF CERTIFIED TRAINING
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees, and advisers | 1 |
| Trustees' report | 2 - 5 |
| Independent examiner's report | 6 - 7 |
| Statement of financial activities | 8 |
| Balance sheet | 9 |
| Statement of Cash Flows | 10 |
| Notes to the financial statements | 11 - 16 |
BILD ASSOCIATION OF CERTIFIED TRAINING
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31[st] MARCH 2023
Trustees
Iris Benson (Appointed 08/12/2022) Benjamin Higgins, John Lambert (Appointed 08/12/2022) Frederick Augustus Mumford (Resigned 08/12/2022) Penelope Rogers (Appointed 08/12/2022) Teresa Sargent
Company registered number 11721648 Charity registered number 1190461 Registered office Birmingham Research Park 97 Vincent Drive Birmingham B15 2SQ
Chief Executive Officer
Benjamin Higgins
Accountants
Sayer Vincent LLP Invicta House 108 – 114 Golden Lane London EC1Y 0TL
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BILD ASSOCIATION OF CERTIFIED TRAINING
TRUSTEES' REPORT FOR THE YEAR ENDED 31[st] MARCH 2023
The Trustees present their annual report together with the financial statements of the Bild Association of Certified Training for the year 1 April 2022 to 31 March 2023.
Objectives and activities
Bild Association of Certified Training (ACT) is a registered charity and certification body accredited by United Kingdom Accreditation Service (UKAS) as complying with the ISO 17065:2012 certification standards.
Bild ACT is licensed by the Restraint Reduction Network (RRN) to offer the certification of training services where the training involves a restrictive component.
Certification aims to help ensure that people are treated with dignity and respect and the people who are there to support them have the right knowledge and skills. This is a legal requirement for specialist mental health services commissioned by NHS England and expected by those regulated by the CQC. Certification is available for in-house training and commercial training providers across education, health, and social care.
There are currently 96 training organisations certified under the scheme, with a further 37 working towards certification.
It takes approximately one year to work through and achieve certification. Training services are required to go through a recertification process every three years and 20% of senior trainers, curricular and affiliated organisation are assessed over that period.
The Charity’s objects are restricted specifically, in each case only for the public benefit to advance education and research relating to learning disabilities, autism or mental health to improve support for persons with such disabilities.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
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BILD ASSOCIATION OF CERTIFIED TRAINING
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
b. Reserves policy
As a matter of policy, each year the Trustees review the value of reserves retained in the form of investments, cash and cash equivalents not held for restricted purposes. The Board considers the Charity’s exposure to major risks in terms of their likely impact on income sources and planned expenditure in the short to medium term, as well as assessing the best way to manage such risks.
The reserves policy is set on an individual charity basis, as well as a Group basis for the consolidated financial statements of The British Institute of Learning Disabilities. The policies were updated and approved by Trustees in March 2023.
It has been agreed that target free reserves for each of the group charities should be set at no more than three months of full budgeted operational costs including restricted expenditure. Group reserves policy states that any charity with more than three months’ worth of free reserves will contribute the excess to the group reserves, which is set at a maximum of nine months’ worth of group budgeted expenditure for the coming year.
Reserves for ACT totaled £79.5k as at 31[st] March 2023 (2022: £36.6k), of which all of these were free reserves.
At 31[st] March 2023, total consolidated reserves stood at £493k (2022: £345k), of which free reserves totaled £418 (2021: £262k), calculated as follows:
| Reserves Less unrestricted fixed assets Less restricted funds Free reserves |
2023 2022 £ £ 492,882 344,960 (56,397) (63,919) (18,853) (18,853) |
|---|---|
| 417,632 262,188 |
The reserves policy is continually reviewed by the Trustees at a minimum of each financial year. The policy has been re-written and updated to meet the current requirements of the group and to provide a more robust assessment of the current reserves situation. The next date for review of the policy is February 2024.
c. Results for the Year
The total surplus for the period amounted to £42,835 (2022: 97,368). In summary:
Unrestricted income totalled £667,564 (2022: £629,073). Unrestricted expenditure totalled £624,729 (2022: £531,705).
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BILD ASSOCIATION OF CERTIFIED TRAINING
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
d. Risk Management
The Trustees are aware of their responsibilities for ensuring that BILD minimises its exposure to risk and provides effective management where risk is identified. The management team have implemented a formal risk management process to assess business risks and implement risk management strategies. This has involved identifying the types of risks the Charity faces, categorising them in terms of potential impact and likelihood of occurrence, identifying responsibilities for managing each level of risk, and then implementing appropriate risk management strategies at each level.
A Risk policy has been agreed with the Board as to which evaluated risks are to be reported at Trustees meetings, at Finance Sub Committee meetings and those risks which may be dealt with at management level. The risk register will be continually reviewed and updated to reflect the risks considered material to the organisation.
The challenging environment within the Social Care sector continues to remain a key risk to Bild, in particular the tightening of funding from the central government. We aim to mitigate this risk by seek additional income streams and contracts from non-governmental services, while expanding our qualifications offering to include new subjects.
We also continue to work with our customers to deliver high quality and flexible training around their specific needs, which might be caused by a recruitment and retention challenge for the sector as a whole. We have seen an increase in the move away from group workplace training towards more individual accredited training.
The trustees also recognise that given the current sector volatility, Bild has to maintain a minimum level of fund, so as to meet all of our contracted obligations. This has meant that a revised reserves policy has been instigated to ensure that the group charities all have 3 months’ worth of reserves.
Statement of Trustees’ Responsibilities
The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP;
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
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BILD ASSOCIATION OF CERTIFIED TRAINING
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
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there is no relevant audit information of which the charitable company’s auditor is unaware; and
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• the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
The directors’ annual report has been prepared in accordance with the special provisions applicable to companies subject to the small companies’ regime.
Approved by the Trustees on 20[th] October 2023
And signed on their behalf
Teresa Sargent Trustee
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BILD ASSOCIATION OF CERTIFIED TRAINING
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023
Independent examiner’s report to the trustees of Bild Association of Certified Training
I report to the trustees on my examination of the accounts of Bild Association of Certified Training for the year ended 31 March 2023.
This report is made solely to the trustees as a body, in accordance with the Charities Act 2011. My examination has been undertaken so that I might state to the trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the trustees as a body, for my examination, for this report, or for the opinions I have formed.
Responsibilities and basis of report
As the charity trustees of the Company you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’) .
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011 (‘the 2011 Act’).
Independent examiner’s statement
Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accounts in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 Accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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2 The accounts do not accord with those records; or
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3 The accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
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4 The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.
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BILD ASSOCIATION OF CERTIFIED TRAINING
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Fleur Holden
The Institute of Chartered Accountants in England and Wales Address: Sayer Vincent LLP, Invicta House, 108-114 Golden Lane, London, EC1Y 0TL Date: 14[th] December 2023
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BILD ASSOCIATION OF CERTIFIED TRAINING
Statement of Financial Activities (Incorporating Income and Expenditure Account) For the year Ended 31[st] March 2023
| 2023 2022 |
|
|---|---|
| Note | Unrestricted Funds £ Total Funds £ Total £ |
| Income From: | |
| Charitable Activities 4 |
667,564 667,564 629,073 |
| Total Income | 667,564 667,567 629,073 |
| Expenditure on: | |
| Charitable Activities 5 |
624,729 624,729 531,705 |
| Total Expenditure | 624,729 624,729 531,705 |
| Net movement in funds in the year | 42,835 42,835 97,368 |
| Funds at the beginning of the year | 36,615 36,615 (60,753) |
| Funds at the end of the Year | 79,450 79,450 36,615 |
The statement of Financial Activities includes all gains and losses recognized in the year. The notes on pages 10 to 15 form part of these financial statements.
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BILD ASSOCIATION OF CERTIFIED TRAINING
Balance Sheet as at 31[st] March 2023
Registered Number: 11721648
| Note | 2023 2022 |
|---|---|
| £ £ |
|
| Current Assets | |
| Debtors 8 |
151,921 254,529 |
| Prepayments | 2,938 - |
| Cash at Bank & in Hand | 388,519 237,075 |
| 543,379 491,604 |
|
| Creditors: Amount Falling due within one year 9 |
(463,929) (454,989) |
| Net Current Assets | 79,450 36,615 |
| Net Assets | 79,450 36,615 |
| The Funds of the Charity | |
| Unrestricted income funds 14 |
79,450 36,615 |
| Total Charity Funds | 79,450 36,615 |
The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorized for issue by the Trustees on 20[th] October 2023 and signed on their behalf by:
Teresa Sargent Trustee
The notes on pages 9 to 17 form part of these financial statements.
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BILD ASSOCIATION OF CERTIFIED TRAINING
Statement of Cash Flows for the Year Ended 31[st] March 2023
| Note | 2023 2022 |
|---|---|
| £ £ |
|
| Cash Flows from Operating Activities 12 |
151,444 156,244 |
| Net cash provided by/ (Used in) Operating activities | |
| Net Cash provided by/ (Used in) Investing Activities | 151,444 156,244 |
| Change in cash & Cash Equivalents in the year | 151,444 156,244 |
| The Funds of the Charity | |
| Cash and cash equivalents at the beginning of the year | 237,075 80,831 |
| Change in cash & cash equivalents due to exchange rate movements | - - |
| Cash and cash equivalents at the end of the year 11 |
388,519 237,075 |
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BILD ASSOCIATION OF CERTIFIED TRAINING
Notes to the Financial Statements for the Year ended 31[st] March 2023
1. General Information
Bild Association of Certified Training is a charitable company limited by guarantee incorporated in England & Wales.
The registered office is Birmingham Research Park, 97 Vincent Drive, Birmingham, B15 2SQ. The Charity is registered as a Charity, number 1190461, with the Charity Commission.
2.
Accounting Policies
2.1 Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Bild Association of Certified Training meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Going Concern
After reviewing the Charity’s forecasts and projections, the Trustees consider that the organisation is better placed to manage the business risks it faces. This position is supported by an improving cash flow and the increasing ability to retain and secure new services. The Trustees therefore have a reasonable expectation that the organisation has sufficient resources to continue in operational existence for the future and believe that there are no material uncertainties that call into doubt the ability of the organisation to continue as a going concern. The organisation therefore continues to adopt the going concern basis in preparing its financial statements.
2.3 Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred.
Income received in advance of the provision of specified services is deferred until the criteria for income recognition are met.
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Interest of funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
2.4 Expenditure
Charitable and Other Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably.
Allocation of Costs
The costs incurred in the general running of the Group which are not directly attributable to the charitable objects of the Group have been included under governance.
2.5 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.6 Cash at Bank and in Hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.7 Liabilities and Provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
2.8 Financial Instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value except for bank loans which are subsequently measured at amortised cost using the effective interest method.
2.9 Fund Accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
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BILD ASSOCIATION OF CERTIFIED TRAINING
3. Income From Charitable Activities
| 3. Income From Charitable Activiti |
es |
|---|---|
| 2023 2022 |
|
| Unrestricted Total Unrestricted Total |
|
| £ £ £ £ |
|
| Certification Services | 667,564 667,564 629,073 629,073 |
| 667,564 667,564 629,073 629,073 |
4. Analysis of Expenditure by Activities
| Unrestricted Funds 2023 Total Funds 2023 Unrestricted Funds 2022 Total Funds 2022 |
|
|---|---|
| £ £ £ £ |
|
| Certification Costs | 611,809 611,809 513,202 523,202 |
| Governance | 12,920 12,920 18,503 18,503 |
| 624,729 624,729 531,705 531,705 |
5. Independent Examiner’s Remuneration
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Fess payable to the Charity's independent examiner | ||
| Examination of annual accounts | 1,850 | 1,350 |
| Other services | 550 | - |
6. Trustees’ Remuneration and Expenses
During the year, no Trustees received any remuneration or other benefits (2021 - £NIL).
During the year ended 31 March 2023, Trustee expenses of £261 have been incurred (2022 - £NIL).
7. Debtors
| 2023 2022 |
|
|---|---|
| £ £ |
|
| Trade debtors | 151,921 254,529 |
| Prepayments and accrued income | 2,938 - |
| 154,859 254,529 |
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8. Creditors: Amounts Falling Due Within One Year
| 2023 2022 |
|
|---|---|
| £ £ |
|
| Amounts owed to group undertakings | 35,517 151,677 |
| Taxation | 55,155 35,037 |
| Other creditors | - - |
| Accruals | 1,619 7,796 |
| Deferred income | 346,328 260,379 |
| 438,619 454,889 |
9. Deferred Income
Deferred Income comprises of Annual fees for Organisations, Senior Trainers, Curricula and Affiliated Organisations.
| 2023 2022 |
|
|---|---|
| £ £ |
|
| Balance at beginning of year | 260,479 92,870 |
| Amount released to income in the year | (260,479) (92,870) |
| Amount deferred in the year | 346,328 260,479 |
| Balance at year end | 346,328 260,479 |
10. Financial Instruments
| 2023 2022 |
|
|---|---|
| Financial Assets | £ £ |
| Financial assets measured at Fair Value | 388,519 237,075 |
| 388,519 237,075 |
Financial assets measured at fair value through income and expenditure comprise of cash at bank and in hand.
11. Analysis of Cash and Cash Equivalents
| At 1st April 2022 Cash Flows Other Changes At 31st March 2023 |
|
|---|---|
| £ £ £ £ |
|
| Cash at bank in hand | 237,075 151,444 - 388,519 |
| Total Cash & Cash equivalents |
237,075 151,444 - 388,519 |
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12. Reconciliation of Net Income to Net Cash Flows from Operating Activities
| 2023 2022 |
|
|---|---|
| £ £ |
|
| Net income for the reporting period | 42,835 97,368 |
| (as per the statement of financial activities) | |
| (Increase)/ Decrease in debtors | 99,670 (149,880) |
| Increase/ (Decrease) in creditors | 8,940 208,755 |
| Net cash (used in)/ provided by operating activities | 151,444 156,244 |
13. Movement in Funds
| At 1st April 2022 Income & gains Expenditure & losses At 31st March 2023 |
|
|---|---|
| £ £ £ £ |
|
| Unrestricted funds: | |
| General fund | 36,615 667,564 (624,729) 79,450 |
| Total funds | 36,615 667,564 (624,729) 79,450 |
| At 1st April 2021 Income & gains Expenditure & losses At 31st March 2022 |
|
| £ £ £ £ |
|
| Unrestricted funds: | |
| General fund | (60,753) 629,073 (531,705) 36,615 |
| Total funds | (60,753) 629,073 (531,705) 36,615 |
14. Analysis of Net Assets Between Funds
| 2023 2022 |
|
|---|---|
| General unrestricted Total Funds General unrestricted Total Funds |
|
| £ £ £ £ |
|
| Net current assets | 79,450 79,450 36,615 36,615 |
| Net assets at end of year | 79,450 79,450 36,615 36,615 |
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15. Controlling Party
The ultimate parent Charity is The British Institute of Learning Disabilities (Registered Charity Number - 1019663). Consolidated financial statements The British Institute of Learning Disabilities are publicly available from its registered office at Birmingham Research Park, 97 Vincent Drive, Birmingham, B15 2SQ.
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