REGISTERED COMPANY NUMBER: 05581019 (England •nd Wal981 ReGWERED cHARr NUMBER: 1207403 of the Tru 1 March 2tr25 IT TC BroMad Limit¥J 1 Dalake View PtywrK)ulh PL6
DD¥on & Cornwall Trn Flnancknql Slaternents 31 M•r¢h 21J25 ForTheY Report of the TrIt8 1 to 6 IndeperKl¥rt Examlnerfs Ryrt Slat1 ol Fknanclal Aclm Noi•# to thè Flnancigl Strlements 10 to 18 Dataiied Stalement of Amnclal Acllv 17 to 18
Cornwal Tralnln N•tworf( Llmlt•d rEn 31 Mar¢h 2025 The Irustees who are also dlre¢tors ol the charfty for PLyPO of Ihe Companles 2006, pr9$9nt their r9POrt wSlh th8 financial statements of th8 charity lor Ihe year 31 March 2025. trustees Fkave 8dopt8d Ihe provisN>ns of AccounlirvJ and Repong by Chariknès.. Statsm8nl of RecDmmerkled Practir applicab to ehaiities preparing thelr acwunts in accordance with the Finandal ReFthNJ Starbjard ap4b In the UK and Republ of Ireland IFHS 1021 (elle1ve 1 January 20191. Thi5 report is a cornbin&J Direct. rgport and Tt?e$. aTrnu reportas reqrj Lry GoTrwany law. OBJECTIVES AND ACTlVtriES Oblec¢lves and alms Our charity's purp0$8$ as set out in Ihe obj contained in the c(M)yanys memorandum ol assLiation arg to OP8rat8 across Oevon and Cornwall 8ThJ the wuler West for the PiC b8nefft in the thancement ol educaton and tralnlTrJ. slgnlflnt ad1vleS We tsing logeihar worfK.téY arning. vrK#1th & lfithn provklers ID prorrk)te a1 provkl? Qjlatxyatlon In support ol work-ba$ed learniw and vocatm)l and technKal trainiry in the area of benrt- wè dov81op qualty in-work ba58d a1 wOrK-Iated leaming provision Ihrough Ihe devekwenl ol o)n5iStent approaches awl the shthng of good pracbce In the delery of training,. We offer 17nanoal SLV)Ort to meTJ)ers ol the e(Nnmunty wilhin th? ar8a DI benefit to address barrfièrs to education & via our grants I donations We I[k nabonal lundlw agerri•s to maximis• lunding lo yovi(th fft the area ol benefft direclty 5upyths increas1 br8adth & qL• ol the educatloTral I skills olter. We wtth key p8rtneTs and stakelkydws to pro[te and Improve worft-ba5ed Ieaming. vocational and t9chlllc Irwning provlslon.. w• dweknp and produc8 rn8twaLs and rwsous to SLVPOrt 8ftecty.ve and impartid signpDsting hiUrgn and young peOe to wst-16 wotk-based learring. vo¢abonal and technal training options in the area of benefft.. and w8 pmrnote gr8Ater awar8n8ss ol post-16 training opporturMts among chllclren and young people In the area of bgnelil, indu(¥ those that are cargxperienced arxvw ha an It(On care plan IEHCPI andlor those wlth SEND- spra1 Ethcation Need5 & Cisth'liti8& We Ibad on & deliveT a rar¥Je ol proiets. u¥ng & private ftJn(fir. avwwe, ddlver worf(sW school engagement acyvlty & master classes, lor examFAe,- delNery of ASK PrL¥Jramrne across Plymouth & Torbay 8•condary 8thoof8 & th• Mathrdass 88ssK#B gyoss & CtyrMFII to Ihe ra151ng ol qualty & sharing of t)98t practice arnOng Trar•rKJ PrThxrs. Publlc benefft The Trus188'8 gf ths Ghawity have had ward to Ihe guidar¢g $ly ty th• Charfty CommisgDn on b8n8fft 85 P8rt ol their thitk21 inductk)n. TnjslS pla activity by ts chority to rts knkto PLrtJllc efit. Grantmaklng The Charity as part of rb activities to support the aanae erkution aThJ trnirtg tsf pgopb in the area of b?nefit is to make avalabkj small grants to SUFvxi organisabons / inthvKluaL8 who requi finala1 asstsnc• to support any educaODnal or skills traning J. Tho CNarfty wlll make avaL)le a rniThrnum of £1,(> to enaAe awards ot up to £21X) each. Purp)se of financial awards is to SUPPOrt indivithals may be at of rth-cAyntyeb"on of trainlng, including an apprellliceship due to fInanCl comtraints or to enable 3cce5S to traIng to surrxyl into work tollowng unetnployment & or rethndarY. Pag9 1
Ended 31 March OBJECfVES AND ACTWMES Volunlegrs We have recently arp)Inted a volunteer who has assistirw the CEO with marketirKJ & e¥ent$ actmty. Th9y have had SpecIf rèsponsibilty for $upportlNJ the devekiwnenl arwj ImMentat•Tr of an aPPTeniiceship vacan¢y map on the charitys webstte wothng wih the charity'5 web leam. B hours. hltpsJltrainingprovid8r.COffL1awaniceshipvacaUesI In addition. they have prted wilh: ' School engagement visits to 58nKw s(hxls across to rai%e awaren on tschnal edUCaOn & apprenticgships- 6 hours We hav8 rec8ntly #pwintad & ¥000r has a59sbNJ the GEO wilh marn9 & events acbwty. They have had sp8clYic responsibthty for 8UFPOrtiThJ the devek¥#wl rW8rn8ntstion ol an apprenknshy vacatw tnap on Ihe chartys w8b8ite Yng 1h tha charity's web leam- B )urS. hty'Jltrolnlngprovtder.CarvencOsh1YaCartl In addition. they have gJPFQrted th.. ' School ergagement visit5 to t) senky PlYftth to rai aw8ren8s8 on tecknKal thcatln & aFyrentice5hips- 6 hou ' Gaining an apprentic ambassaLJr to SL¥P)rt with a Scho awarprwss sessK)n d81iv8r8d to 300 youThJ Se in PIyTnQUth- 2 hou ' httpsJltralnlngprowder.cornknbccKk.4pw8niie&rntums4trformw-8cIDH1Ire-St.borIfaC8s.StLhjntsff ' Employsr •ngagomont maslerclass- delivered to 40 empk)yers from acn)ss Devon to Ise awareness ol slIS offer & access to fundinG - 8 h)urs ' Tralning Provider mastertkn dered to 40 FNtrlttsr8 Irom x¥o8s De¥L & c(fftl to shar8 st practice ol 8Mpk)Yerety8mnl. curriculum £1)mt aNI effgthe aeaNJni ManaoWn1. 8 hour5 Totsl vdunts8ring Ir$- 32 Page 2
Co nwall Trainin For Tho Year Ended 31 March ACHIEVEMENT AND PERFORMANCE Ctrorltsble actlvltles Thg chaty has had a trAJSy y88r.' its lirsttull Years1r regterI the Commissknn. We hav8 atheved the folki¥Ang'. Dplwery of 79 Apprgnb¢¥ship Siwort Kvaedgtr sessw)Tts aGr055 FlYulb & Torbay s0Tlary Schwls. ' ErJagement vAlh more th2n 8,000 yaurfj pA at xh)ol evenls lo apWenrshIP Opportun0$ & to support young p8ople wth the appltètion prc¢. . Engagement 445 parents l carers al events to share infomiats)n on wt-16 options, inthding routes for SEND young paople or Ihosè wtth additional laamir¥J n88d ' Delivery ol an online sesslon to a groLV of 20 apwents cffi how kn elIe¥Y preseffl to young pewe & th8lr paren at car88rs gvgnts to showw89 t8¢hni¢al Ivocational routes tnto gmptymenl in thwr rob¥ as amba¥sadors. ' Delivery 018 Provider mast•classesl kwrkshops, I10. . U88 of Al technolow in curriculurn des . atterTrded by 50 frorn ri)S5 Ihe prowder b hts.psJltraningprovider.cL¥rrfai-SUmrnit-wowde5-valufTr5mjhts-IDr-scrth-west-lra1lng-pT0Wdprs1 - SEND High Ne9ds - 100 Provid8rs atteTr this in-persDn event hekl in parlnership Mth other rggional nebvorks to nwrovè prOvtr ewement ¥rfh SEND ytyjng & $ill schools. Staff well-being Sessk)n - M8nopause in th8 Wogkrlare - onlir vrtnar wilh 20 Provthrs - session Iwsed on r•mothng the myths & h8lpirrfJ to nomi1$8 the Mpnopausè'cDnversatth'. FE Sect¢X emOyS a high numbér of fèmalÉ staff. many ol whom leave the sector ruggle wlth rnenial heath due io the menopause. - Workshop prOdad ra$oureès lor Provr$ to adopt Chamwn rol8$ Within Ihthr organisations 8fid further online suppo - Effectivg account rnanagemgnll customer maslgrdass- in-perw evgnl %ith 20 ProMd8rs att8n(kng to support imFKoved dient relationship. - FUding Audit- to support PnwKIercompw for Iltose receNirwJ goverrffient lundiThJ- 30 Prwders attended. - Independent TrainiNJ PrOVets FinajaI HarKJJth sessicxi to SUF¢pJt comlaTe- 30 Prwcth altended. Helping to drSve up quality and support staff CPD. - Ofsted updes - 4 held throughoLrt the year. prov¥JiNJ updates. indLKliw an opportunlty for Pr(Y4idèrs to f8edbad(via the BVJ Li8t8n and to he shap8 lh8 futUTe ol Ih8 inspection framework. We hava ynt more than £5.(MJO on ijelivellng avents & wt)rtshops to the sector. We have not charged for attandanee at ma31grdasses orworkshops. Our ents hdp to tharKe e(thalk)n. raigw ol quafty aThJ wpportiw stats CPD aeross thè arèa of bèn8fiL Produ¢b"on of a Provider Directory - Whh wa Yow Wayl - Devon & ComWl edi1k$ to siyport yOg people in rn&4JrYd Informed th]ices aboutlheh .16 0. - Ev9ry secondary sch1 in Ihe area ol benefit receiv a wpy ot charge - Locd job centr8s were given hard copy veon5 & the Snk to (Sjvthload Ihe I118 V8fsK)n shar&d a(xoss the area of benefrt.. hty)s"jltranlner.cornAthKh.way.Yr.WaY1 ' lants / Donatior. this 1thal p8ilcrfl. w• hav• (fiStrb a totd 01 £2,220.[ in th• fomi of smdl gnts. T58 are as IDIIowB- 17 indlvidu - 1 organisation- food tk2nk ' fyants supported individuds to stsy w Fyogrammg in orderto c4nWe thwr baming ortr) progr95$ onto further study.. - 8 young learn5 gaInj grants of £S0..00 eth to ena6 trlem to wrdwse thtyr trade tools- all 8 indivKluals coMpled thelr trwnino, ganing arprenticoships ith local enwoyers. - These leamers were all pre-16 arKI at darer of bec(xlling NEET- Not in E(kaon, ErnOy[nent or Training. . &Jot85 & feedbad( frrAn 50rn8 rerAPi8nts. irryact: thanks to DCTPN- Devon & Cornw1 Trrdr1j Pr(MthlÈrs for tholr gener granll Your surwrt helps equlp our apprentices wth the tods th8y n88d to tyjikl their fubJr88- literty1 ToyJethBr. w8.re shaping tha naxl weration of led professlonals. .1 really appre0¥# iEing granted mow to pay Ihè CO of a l% pass. bgcau98 it hdps ma gat to lage and lèam. Also. il hdps rny mum not have lo pay out loads of money each week in fares for me." Thanks again lor your h81p support. Katie H 16yrs- Animal care Level 2= Th8 mon8y that you• rlty granknj m• is vary muth aFyac1 and wll vèry hdplul as the ince4nè I gèl Is n enough to en)le rne rA)ryl* the o)urse a Iv4d of stress. Iln very gratefld trthe support.. Jade 17yrs.' Heath & sod care L2
Devon & Traln rflum R• For Tr Y i Ended 31 PAarch he rnorw provX1 bg to let me COntir attetMJir¥J (x)lege aThY progress in Ihe luty to bo able to work and gwn my qual[Catv apxl my TAI be dsvd]psd by aiteNSNJ my mao1 cwrse it help pa&% malh5'. ' ThB chaws aWIty lo tKlry I8th&r grwyots sÈeklThJ skff arny young rwle bDkir¥J lor wi)Wment Is one of our strengths. W8 $UPP)rt peo? lrno work: we siwrft ts wbJ8r ecL¥M)mic larthLPÈ by P1 to dose sktlls gaps & ifflprove prU¢tVty we support (he rerroval of baffler5 to mcthlity. In addition, w8 the quallty ol tralning by ottering a raNJe ol s&ll CPD 10 ertsure that th8 lUcat)n wlor hav8 UP-tO-dat8 knowWg6 and skllls io SUPFKI Ihem in their rL48& FINANCIAL REWEW Finan¢lal posltlon The Charity has unr&3trKt8d res8rv8s of £837.082 as * 31 Marth 2WAS1£107.828 at31 March 20241. Charity bad the folkiino amount8 availat4e 8131.0325: Account 1.. £204,550 Account 2." £125,711 Account 3.. £34.574 Awount 4: £70 Total: £364.985 RerVeS poIIcy Th8 Trustees aim to t¥)kJ unrestd¢ted reser5 reryg88ntir¥J fvs nvjnts ol costs and bA$8d unrtstrictod expèndfture to March 2025 Ilus Arnounlg 10 £64.OW.00. The main reason th8 r85erve5 hehj are hNJherthan this i8 due to Ih8 large ttt Vfas received kn the y88r and has ngt yèt ba SWt. The chwity wms lo uWiselhwlurK15 inth8 rtar fUre. Golng concern The Charity deporKls IrKome from training txo¥•J8rs (ffleNts1p, that is rell8W annualtyl, wol8th wclk & donations Th can utte,. however, the Trustees a Confident in lh8 1ty ol the ChaTrty to rggularty rgviow aTr moniter its flnancial situation & pertorrnar¢e to 8rtsure Ihat akVl4ykte of i988rS are av&ble ts support the Charitys aclwitTeS & labiltbes. STRUCTURE, GOVERNANCE AND MANAGEMEiir Governln9 docurnent Th8 charity 1$ controlled by tts goveming d0mn[ its artidBS of assLw>alw. and Th)r6litutes a limitad LMpany, Inthed by ouarantee, as d8fin8d by th8 Cornpanies Act 2006. RecN11rn0nl and 0pp0lnln of IN8te Advert15e wa WBbsite, wotKI of moulh - ap[AatIOn form & wilh Chair of Board & CEO. CarKlidates 1fttl lo attend Trustee Board M88tivg te (tserve. L+ dfiger on WF4rants carried out by Clerk to Ihe Board. Applicatitsn subrnitted alowJ wtth CaThated Charit<$ fomB: o Trustèè ExprIOn ol Interest o Trustee Code of ConthJct o Trusttè Rdt Deserption & Perw SpeofKation Form o Confllets of Interest Pdicy & Regislwof trrterests o Trustge Dg¢kration of Interests F( o Trustoè D$cFaration Form o Refgrgnce Reryast Form Tiustge's wll der any applKabon, th8n vote on w)taw. AFfAKant wll b8 knforrned of decis. and f8edback wll provid1 for any unsuccessful appllcanl. News it8ms pr(Thotal via Ch8rfiy wobstte & scdal mthchannds Oryanl#aUonal SINCr0 Thé Charty operates with a Poard of Trustees arKI pawj member of staff.. the CEO. woths under the direct40n of the 9oard and reports into the Board. In ad(fibon, Ihe Chanty works wrth a rang8 of stskelKJkl&rs to achigvg the Charity's obltttives. which aro for the putAic t)enefit, spIficallY the lvancement of edatIon training In thB area of befIL The Charity also works akgde srmlar organisaikns, al Charitthè status, ildI. - Suuth West Tralning Provlder Network - Asswation of Employws & LaainltwJ ProV4Jers
nwall Trainl prOde eTNgleeg 31 March 2 For Tho Yoar End STriJCTURE. GOVERNANCE AND W4NA¢IE{r Rèloted partles We work key partners & stakehold5 to promote and WKle wllabordlion in support of wThk.based learning and . voeaiional and tachnkal training. T$& i[Al8. txrt are rk)t litell to.. - OepartmeDt EduCatn - D8partm8llt Work & PenwrKs - Ofsied - Care8rs & Enterise Comp9ny- CEC Education & S11$ Funding Agency - Dgvon Tolbay County Combthd Ahority Devon County Council - Carnwall Courril - Plymouth Cty Courril - Job C8ntre Plus .CXK - Devon, Ptymouth & Torbay Careers H - Cornwall & IOS Carèats Hub REFERENCE AND ADMINISTRATIVE DEfAILS RegIsler Company nurrer 05581019 (Engjand and Wdesl Reglstered Charlty nwnber 1207403 R•glst•Md officè Har8¢ombe House 1 Darklaka Viaw ymuth PL6 7fL Trvstees N Codd- resigned 10 May 2024 S WIL%on- r8sign8d 21 July 2024 T Barn•s- rèsignad 16 January 225 M Jone8- resigned 22 January 2025 G K6ftwar J Skeel M Woodg8r D Hallam- appointed 5 Seplenknr 2024 F HExTell- appointed 30 September 2024 H Rendle- awrrtBd 12 DecemLw2024 The followlng were qcpointed as DirEctOf5 arKI TllteeS allerthe year end.. Tr8¥ll . 8ppwt•J 30 April 2025 P Fan8hawe . appointsd 30 1 2025 The chlel 8x8cuUve offiGw I0)M thè Iru5t88s d8*ats day-t041ay rnanagement is Sharron Robbie Independent Examln•r TC 8rDmhead Limii&J Harscombe HDu$8 1 Darklake View Ptyrnouth D8VQll PL6 7TL Pag8 S
Train f he Tru$1 For The Year Ended 31 Maich This report has Lwn prepareil In armrdm wrfh the speoal provisions of Part 15 oflhe Companles Aci 2006 relatlng lo small companies. Approved by order olthe ol Intsiees ( .. arKI wgned on rts behalf by:
dent Exarniner's Re rt lo the Truste88 of rn ini I report to th8 trust885 my 8xarnination of the firwwial slate18 ol Dwon & Comwa11 Training Providws Nehvork Llmlled (the charilyl korthe year e 31 2025. ResponsN)Ilttle5 and tsa$ ot report As tr8 trusteas ot th8 charity land dso itsdirectors for rwrrAws of c(Mry)any lawl ycw ar8 resp0nwb lor the preparaknon ol Ihe fInala1 stamems in a(wrdanL the requireMenthe Companies A 2006 Ilhe 2(6 Actl. Having Satisf myself that the finanoal slalements of the th•ity a not reqre£l to be ajIt ur Part 16 of IhB 2006 Act arKI are elisle for inthpetvjent examinatK)n. I rewrt in SPect ot tny exarnination of th8 charlty's linancial statements carr1 uTrler sthn 145 of the Charibes Act 2011 Ilhe 2011 A¢tl. In carrying out ry exaMall0 I have ft)lknwEd all th8 DilDn9 giv8n by th8 Charity Corrwni%sion un(ler secllon 14515llbl of the 2011 A¢L Ind•pend•nt examln•rf•s¢at•m•nt I have (yJmpl8led my èxamination. I cthirm Ihat rna118 h8Vg ¢¢me to my attOn1)n in nn9¢[On wfh tho examination giving cause to believe that in any material resw.. 1. awounling TrdS werg not kelx in respect ollhe ¢harity as seGtsn 386 of the 2006 A¢ or 2. the fina[121 ststernellts do not a¢xord with those records.. or 3. the financial 5tatemellts do not (x>tnpty %%yth the accLxffllirvJ requiwernewrts of 5eL1¥)n 396 01 the 2006 Act olhei than any re(pJlremenl Ihat the acUnts give ae and fw"r ch i8 Th)t a matter considarèd as wart ol an indtpèndant •xamination" or 4. the financi Statgments have not bw prepared in awAJrdance wllh the metr$ and wnctplos of th8 Statemènt of Recommended Practic8 for acwJntiThJ and rwbThJ by charrts8S to challe$ preparlng thetr accounts In acC(¥dar vAlh Ih• nam1 Repoithw Starbyard awlcablo In the UK ond Rgwbli¢ of Ireland IFRS 1021. I have no concgrns and havg corne across no otsr matters in the examation to wh1 attenknon Should be drawn In this report order to enalAe a pyoper Urvjelarthg of Ihe firwncial statall&its to b8 reach8d. N811 Stevens ACA FCCA TC Brrynhead knrnilwj HarsLY)mbe FJuse l Darak8 W8W Plymouth Devon PL6 7TL Dats.. Pagg 7
von & Comw811 Trnlnl Pro¥ld• nt of Fsnancial Aeiivllios anln ndEx nditure ratin 31225 Totsl ftmds 31.3.24 Tot funds Unre8tritsJ Re5trthJ Thj hJTh INCOME AND ENOOWMEiifs FFIOU Donallons andlegac5 Charitsble VItIeS Skills & Irairri ad and guklanc8 37981 44,750 84731 127.395 lThvestment income Other incorne 9295 390 9295 188 232 Totsl 127815 EXPENDrruRE ON Chatlt8bl• a¢tlvhles Skllls & traiTrng ?dMce and guTrJarKe 107 n4 151484 NET IOEllExpENDITURr) 229.254 4.633 RECONCILIAMON OF FUNDS Total fvn(Is brought lomard 10728 107.828 103,195 TOTAL FUNDS CARRIED FORWARD 337.082 107 828 Th& $ fomi rArt of thesg slateiNnts Pag8 8
D•von & Comwall TrairAn rk Lin Balan 31 March 2025 31.3.25 Total fund 31.3.24 Total funds Unrestrthl R8Strtct8d ffijnd funds FIXED ASSErs Tangiblè ass•ts Invèstments 10 100 100 100 CURRW AS8 1.656 1.656 6,127 130709 Cash at bank 366.621 136,836 CREDITORS Amount5 falling due ythin yèar 12 (31.127) 131,127) 129,1081 CURRENT ASSErs 494 107 728 TOTAL ASSETS LESS CURRENT LIABILMES 337.(02 107,828 NET ASSETS 107,828 FLANDS Unrestrfcled funds 13 337 107028 TOTAL FUNDS 107028 d)arltth• eompany Is eniiibj to ex)y)n fvom aLxIit lon 477 of ts corryn Act for the year ended 31 March 2025. The members have not rwired the company to an a1 of its finarxial 8tat&m8nts for th8 y8ar ond•J 31 March 2025 in accordance Mth Sec1 476 oflhe Companie5 Act 2006. The trustees a¢knOedge ¢her re¥x)nstxlib'85 for lal ensuring that the Charitab comF4ny keeps aCunI r$ M o)mply with Sec10r 386 and 387 of tha Companles Act 2006 praparing financiaj statements gNè b trug al fair ¥1 of thè stai• of attr9 of the charitable compww as at the ol ea¢h financial year and ol ils SWFkn or deficil for each firw¢i81 y8ar in accordaw with tho rewiv8m8nts ol S8ctK)n8 394 and 395 and wlich Olh&Th6 Con wilh the regJirem8nts 0¢ the Companies A 201X r•labTh3 to ffnarrial stalemenK so far as 10 ts Charitab ¢pany. (bl These financKql 8tnnts havo bèen preed in ith the pron$ applicable trj chafitable [panIeS sublect io the smal conwanles Yegime. tatem•nts wera approved by the Boanl of TrusWs PAI authoriSl lor issu8 on igned on its behatr by.. Woiidg9r- Th8 notss fonn part of these finarKyaf slaten Pagg 9
Dwon & all Tralnl rk Lwnited rEn ed 31 March 2025 ACCOUNTING POLicies Ba$Ss of prwrfng the 8t•tenw The finanaal slatetnerrt5 of the ctrwifable cotnFony a priC benefft entity under FRS 102. havè beeTr prepared in a¢¢ordance wtth the ChantK8 SORP IFRS 1021 'Accwntlr¥J Reportkng by Chariiies.. Statomgnt ol RecotntneThJe(S Prafjti applKatAe to weparw their accounts in acwrdarte wlth Finan¢AI Reporting Slarthrd arAre in Ihe UK and R8wtrAic of Ireland IFRS 1021 lèffoCte 1 January 20191., Financial Reporting StarKJard 102'Tho Fir4n£¥ RepltY Slarn1ard appfrablg in the UK and R8public cf Ireland. and the Gompanles Art 2(K)S. The finarKial statements have b88n pTepare¢J unLkn the histor cosl conv&ntlon. wth th8 èxcopbon of Investments aw indu(d at n)arket value. Th? finantsal aiemeNs have been Yepal in ace(Ykniwlh atpk"cabl8 CornpaTby I. Thg charity i5 a private company limited by guarnntee, Inc[rAated in Erolaryl in th? UK. The registsred office a1 prinupal treSS Can be trnd in Ihe Tnkst88s' R8p¥xL The truste8s consider there arg no matsr u1taInties atojt the eharivs ability to ¢onbnu& a8 a going conc8m. Thesè finandal statements are prepared on a gtyrMJ corwn basi& Inm9 All income Is recognknd In the Sialemrt of Acbwti8s orK8 thB tharity has enliywmenl to the funds. Itls probablo thalth8 inLY)rn8 ill wKewed and aThourt (an be mèasur1 reliatrAy. Gont incom8. induthg gov8rnrnent grants, 15 rBcoyniEed uThYer the w10mw methrJ of raFOrting. ernber5hip income Is re¢cyJnlsed overthÈ period ofth8 MberSh. Sponsorship incomo is recognis&Y at polnt ol r•ceix. Donatw InMe Is recogn1 at po#it ol rwAipL Expendltu Liabilikne5 are recogrrised as eXpwére as socffi as Ir& 15 a al or CDn$trucfjv• ctllgatson eommitting tho chawily to that expenditure, it 15 probabk thal a trawler ol econom b9nefits will bo required in Settlement artl the amount of the oblatk)n Can Thasured refbly. Exp8nthtur8 is aeetyjnted for on an accruals basis and has bè8n dalI•d uThSèr h•athng$ thai agg9a* ai cost relat to the cate)ry. costs camot bg of resources. Charitsble a¢tlvltles Charitable 8XP8nditur8 compris85 those ts)sts iry Ihe Charity in the perfomanc8 of it5 aclivitie5. 11 In¢lud8s both costs that can te xated to acbwitos Ihosg of an indirt naknre necessary to SUPFTht Tonglbjo fixed Js Depreckitw)n ts pn)vkJed at the lolkM"tvJ anrNJat rat85 in order tolte of18ach assat OV8r Its estlmatsd u69ful Ife. Plant machinery Computer Equ¥ynellt . 33% on cx)st . 33% on cost Taxallon Th& charty is èxèwfrom corpjration tsx on hsthatttaL¥e aclMk& Fund aeeountkng Genèraj lunds ar• fur•Ys arg availatle lor w al Ihg th8cr8tion of the Ttee$ ui fUrtheraW of the objectwes ofthe and whth hav8 not Lwn Ile5vJnatpd for other purFtsèS. Restricled funds are funds whKh are to be US in aCCordare with the specffic 1ctionS imp08ed by (k)nors whKh have been rai58d by the cornpany lor parttCLAar wrtx)ses. The costs of ralg aThY administerlng suth lunds are charg against Ihe specifi¢ The aim arKI of each r8S1rict8d lund Is set out in the notes lo the finala1 ststemerits.Soffl& c(£ts are ayal6d to restsrfGted in kne Mth the incomg rgceiwed aThY ageMentS In pl. Inv8sbnenl Income. g8kn ond h)sse5 are alk¢ated to ts aFsYowats fvnd. Page 10 continuad...
&Cor Nelwork Limited Provlders l the Fjnanclal Sl•lefflents. conlln For Thè Year Ended 31 March 2025 ACCOUNTING POUCIES- eonlSrnd Pe10 costs and oth•r post-r8tlromènt benofi The chantable company operates a def•d 0)ntrtlI pertsion scheme. CDntrlbuth)ns payatrA• to th• Charitable cotnpanys pension sche are charged to state[rn1 of knivitEs in the perl(rtJ to which they rekte. Debtor9 Trad8 d8btors are afflounts (kJ8 frorn wstDmers for seThKes performed In Ihe Dr(linary cour5B of bUeSs. Short letm debtors ar• m•asur8(l attrans)n pfjcè Is usuatyth• inv(Mc8 WiC81, less any irnwrmgnt losses for bad and doubthjl detrAs. Ca¥h and ¢•8h equlvolents Cash and cash equfvalents cornprise cash on ha1 and call d8FY)5its, and other short le investmants that are readily convertikje to a known amount ol eash and are sthpx to no thange in vAIuè. Credltors ShL¥t tarm crorS are measured at trartsa IwhK is u5udty the invwe wKel. INVESThIENT WCOME 31.3.25 31.3.24 D8posit account In18$t 188 INCCKIE FROM CHARITABLE ACTivrnES 31.325 31.3.24 Workshops Subscriptions Sponsorsw) Grants Skills & traiThng adVe aTrJ gutdane& SknILs & trairing advKe guidance Skil & tralring arKI guKJar Skilk & traing a(kn arKI guklae 625 33.725 4,700 88,345 33.181 01 the above grtnts £10.20012024.. £32,9)01 represented &emman1 grants. Grants red, inLJdgd in atrfjve. arv as fcknvs: 31.325 31.3.24 4R)reTrtlceshlp project AM)r&ntic8ship SuFPOrt Krnw Local Skllls Improvèment Fund Local S(ills Improvement Plans Speeial EdUCatiL Needs & Disabilitiès Education and TrainirvJ Founda Indgp8Th1gnt Training Provbjgr 2.orx) 20,945 25.DrK 2.5CKI 6.0 7.400 24,5(NJ 750 2.000 Pog811 Continu1...
& Comall T kLi Klers tateme r Ended 31 March 2025 For NET INCOMEIIEXPENDrfuRE) Net i[orne1(8xp8fKJrtug) i% stated aftw ¢hargiThy1cregTr. 21.&25 31.3.24 Deprgryation- 0ed a55thS 249 INDEPENDEKT EXAmER$. HEMUNEBATION 31.3.25 31.3.24 1rK1epe1ent exarnlners, remurwion TRUSTEES. HEMUNERAnON AND BENEFITS Therè woM no true9$, remeration or ¢)1h8r n9fftS for thg year 31 March 2025 for lh8 y8ar 818d 31 March 2024. TNstses' expgnses There We no trust88s' exFrS patrj lor ts y88r ofKknJ 31 March225 n¢x fr>r tho year eThJed 31 March 2024. STAFF COSTS 31.325 31.3.24 Wages salar Social seiyjrlty costs Cxher tin costs 72,091 8,692 Thè avèrag• monthly numberof erbybyees durrng yearwas as frknvs.. 31.324 Managemgnt The number ol ernoYe*S onwoyee trRnefits lexcILhllg ernp4oyer pwsbn costs) 8xeeaded £60,000 was.. 313.25 312.24 £70.001- £80.000 Key managernent pereonnd totsl emkn bw8ffts of£75,00312024.. £T2,0911. Pw12 ¢orttlnued...
Dwon & Cornwall Trainin Llmlt For The Ye8r Ended 1Ma h 2025 COMPARATIVES FOR TTrLE sfATEMENT OF FTrIANCIALACTMTIES Unrestrkt Rgstricted Total funds INCOME AND ENDOWMENTS FROII Donatsons and lagaogs Charitab18 activi11o5 Skills & training advKe aNJ guRJanr 39,OY) 88,345 127,395 Investment inc( Other Inco 188 232 Totsl 39.470 127815 EXPENDITURE ON Charilae •cllvltits Skllls & tsining advi arky gl*Yae NEf INCOMEIIExPEI1TREj 4.838 RECONCILIATILY4 OF FUNDS Totd funds broughl forward 103.195 103,195 TOTAL FUNDS CARRIED FORWARD 107.828 TANGIBLE FIXED ASSETS 14anE arKI machin8ry Computer equlwt Totals COST Al 1 &1)ri12024 Addltknns 21A30 6,238 27,668 At 31 March 2025 DEpREATIoN At l April 2024 ChArga for yoar 6238 198 27.668 51 At 31 2025 NET BOOK VALUE At 31 Marth 2025 At 31 March 2024 Page 13 centsnu...
mwall Tralnl Flnancial Statements- conti rTheY r Ended 31 March 2025 10. FIXED Ass INVESThIEiirs Shaws In group underlthngs COST LESS IMPAIRM M 1 April 2024 and 31 March 2025 BOOK VALUE At 31 Matth 2025 11x1 Al 31 March 2024 There were no irwe51merrt assots outside the UK. 11. DE8TORS: AMoup¥fs FALUNG DUE WtTrllN ONE YEAR 31325 31.3.24 Prèpayrn8nts and aLxwa inc4Jm8 12 CREDITORS: AMOUNTS FAWNG DUE WIThN YEAR 31.325 31.3.24 Tax Social securfty a1 Ot laxes Othar cr&yittirs Accruals and deferred incwno Accru8d expen5e5 3.544 267 22,013 24306 29,108 13. MOVEMEKf w FUI Nat mo¥emwt in lurKIs At 31.3.25 At 1.4.24 Unr8strlct•d fvnds . Gra1 fund 107 337.Q82 TOTAL FUNDS Nat movementln n$, Induthl in the ai*)ve are as fdlow8: IncornirvJ Resources eynded OV8mgnt in funds lthrnslrlcted lund$ Gener fund (107.7341 229.254 Ro¥trlthd fvnd LSIP SEND rF ASK 14.0001 I30.0) 12.0001 30,000 2,000 TOTAL FUNDS 152 4641 Page 14 conlonued...
Devon & ComwAII Trninin For Th8 Year Ended 31 Mar 1& MOVEMENT IN FUNDS. conllnu C•mp4ratl¥esfor movement kn funds Net movement In funds At 31.3.24 At 1.4.23 Unreslrlcled funds G£rn8ral funoj 103.195 4,633 107,828 TOTAL FUNDS 103.195 ComparatNg rn0Vwnt In funds, I[wIed in the ab arn as folows.. Irwnir Resources expend Movemenl in lund$ Unr•9trf¢tad fund$ General fu1 39.470 (34.8371 Roslrfcted lurKI* LSIF LSIP SEND ETF ASK ITP Appr8ntic8sIup 25,001 2,499 6.000 7,400 20,943 24,502 {25.OD11 12,4991 16,0001 17.4001 120,9431 124,5021 88.345 TOTAL FUNDS 127815 A current y8ar 12 rnonth5 and prforyear 12 months Mmly"ned k%)srt ts as follows.. movement In funds At 31.3.25 At 1.424 UnrestrS¢ted funds Genwa fund 103.195 233.887 337.082 TOTAL FUNDS 233 887 337,082 Pag8 15 ontinu...
wall TrainT rk Llm the Ffinancl I For Thè Yw End•d 31 Mar 2025 13. MOVEMEMf IN FUIW- Mntlrnd A rAJrrant yèar 12 M(th$ year 12 mon$ mIn8d net movament in fuftd& induded in above aro as lollows.. Incomi we5our$ Resour Mov8m6nt exp8nthd in ILmds Unyegtrlcted lunds G8n&ral fund 376.458 1142,5711 233.887 Re8trl¢tsd fund LSIF LSIP SEND 25,001 6,499 36,000 9.399 29,692 24,502 125.0011 16,4991 136,(KX)I 19,3991 129.6W21 124.5021 ASK ITP Appr8nticts 133,093 133,093 TtyfAL FUNDS 5D9,551 Tho purposes oflho Tr1 are as followrs". Locl SkJ115 ItnpYUvNent FuThJ. For ¢onlribJtions towards 1he 08von LSIF cons0. LOC S(ills IMErnt Pkn¥ - For lh8 ol Employer Rew•$8ntatfve BcJigs for th8 Heart Df the South West hFoa L££al Sklms IMFXOYent Fund proje Sp8U Educabon Nets & Disabilths - To 10t th8 suwrring of thg Plymth SEND Employment Forum to devdop a Support1 kntem5hfp programme Plymoth. Educatth and T[Ir FtsJndation- Fofthe AWD Colatrfjration roseareh v0hL Apprentuship SuFPOrt DolNery of th8 ASK to s¢hods in Devon. PTTu & TOay. lThJepgndenl Training PrrwKler . For the Career8 arKI Enbwe Coftwary lrnJap8nd8rrt Tr&nlrrfJ Prowder Pilot Project. Apprentkeship. Wrenttc4ship Tèthnkal E¢jcthw Research woi8ct 14. RELATED PARTY DISCLOSUBES Th8re wgre Th) rdatarj paty transacorts for Ihe year 31 March 2025 nor for the year wdgd 31 March 2024. Page 16
rnwall Tnlnln m•nt fF ForTh• Yoar Endod 31 March 2025 31.325 31.3.24 INCOME AND ENDOWMVITS Donallons4nd kng•¢l•¥ Dat)n$ 28gP22 vesknent kncorne Deposit 8ccounl int8r8sI Charltsble actlvllie8 WorkshDPS Subscriptions Sponsarslip Grants 625 33,725 4,700 88,345 33,181 4.800 2,TJ1 127,395 Olh•r Incom• Other receyts 232 T¢)tal Incomlw rUre&S 381.736 127,815 EXPENDITuRe Charltsble acti¥i¢les Wages Social security Pensions Insurance T818phoH8 Postage and slahon Adv8rtlthg SuNldes Project gxpen8e8 Travel and subsiee Professional lees IT S8TWCOS Donations Plant & machinery de CompLrter equipmentdq)n 741 72,091 8,692 2,001 1203 964 258 1.103 1.043 .337 1.189 827 1.228 1.n8 300 767 590 31.749 2.303 6.573 2J19 51 145A95 112,936 pport ¢oJts Flnan Bank tharggs 134 105 Govemanro costs Independpnt exaniners, remuneraib)n Accountancy Lega lees Tax 1,105 4750 1,050 2,566 6,491 65 10.141 Th 5)ag$ do t fomi part ol th• statory stat•mgnts Pag817
mwall Tialnl orf( Umlte Idor# IAct For The Y r Ended 81 MaTeh 20 31.3.25 31.3.24 Total r8saurc88 eypend 123.182 N•1 h%orng This page Ik rx)I form part of swory Statents Page18