| CONTENTS | ||
|---|---|---|
| Page | ||
| CHARITY INFORMATION | ||
| CHAIRPERSON'S REPORT |
2-3 | |
| MANAGEMENT BOARD'S REPORT |
4-7 | |
| STATEMENT OF MANAGEMENT BOARD'S RESPONSIBILITIES |
||
| INDEPENDENT AUDITORS' |
REPORT | 9-11 |
| STATEMENT OF FINANCIAL | ACTIVITIES (INCORPORATING | |
| INCOME AND EXPENDITURE ACCOUNT) | 12 | |
| STATEMENT OF FINANCIAL | POSITION | 13 |
| STATEMENT OF CASH FLOWS | 14 | |
| NOTES TO THE FINANCIAL | STATEMENTS | 15-24 |
| Charity name: | Gloucestershire | Gloucestershire | Engineering | Engineering | Training | Training | Limited | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Charity registration |
number. | 273571 | ||||||||
| Company registration |
number: | 01300119 | ||||||||
| Registered office and |
||||||||||
| operational address: |
Barnwood | Point, | Corinium | Avenue, | Gloucester, GL4 |
3HX | ||||
| Management Board |
Appointment | date | ||||||||
| J Brearley | 29/11/1 991 | |||||||||
| C Biggin | 10/02/2015 | |||||||||
| G Miller | 25/11/2015 | |||||||||
| TSouthgate | 01/06/2018 | |||||||||
| A Powell | 01/02/2019 | |||||||||
| A Kinder | 01/08/2019 | |||||||||
| I Henderson | 11/10/2019 | |||||||||
| R Brunsdon (resigned |
12 December 2021) | 01/01/2021 | ||||||||
| S Biggs | 05/08/2021 | |||||||||
| M Niblett (resigned 2 | August 2022) | 11/02/2022 | ||||||||
| R Grey | 18/02/2022 | |||||||||
| J Farrington | 03/10/2022 | |||||||||
| H Gardiner | 03/10/2022 | |||||||||
| Company Secretary |
||||||||||
| R Hill | 06/09/2021 | |||||||||
| Chief Executive | ||||||||||
| WThomas (appointed | 6 September 2021) | |||||||||
| LTemple (resigned | 3 | September 2021) |
| Total | Funds | |||||
|---|---|---|---|---|---|---|
| Unrestricted funds |
Designated funds |
2022 | 2021 | |||
| Income from charitable | ||||||
| activities | ||||||
| - Practical Delivery | 984,161 | 984,161 | 614,035 | |||
| -Academic | 1,113,149 | 1,113,149 | 960,393 | |||
| -Work Based Assessors | 653,197 | 653,197 | 481,423 | |||
| 2,750,507 | 2,750,507 | 2,055,851 | ||||
| Investment income |
||||||
| Interest receivable | 349 | 349 | 225 | |||
| Other income | ||||||
| Grants receivable | 70,981 | |||||
| Total income | 2,750,856 | 2,750,856 | 2,127,057 | |||
| Expenditure on charitable |
||||||
| activities | ||||||
| -Practical Delivery | 838,763 | 838,763 | 816,745 | |||
| -Academic | 1,114,562 | 1,114,562 | 1,110,254 | |||
| -Work Based Assessors | 565,718 | 565,718 | 474,917 | |||
| Total expenditure | 2,519,043 | 2,519,043 | 2,401,916 | |||
| Net Surplus I(deficit) surplus for the year |
231,813 | 231 813 | (274 859) | |||
| Write-off ofshortfall deposits | 15 | 703,861 | 703,861 | |||
| Fund balances brought beginning ofyear |
forward at | 369,329 | 369,329 | 644,188 | ||
| Fund balance carried forward at end ofyear |
601,142 | 703,861 | 1,305,003 | 369,329 |
| Total Funds | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Note | 2022 | 2021 | |||||||||
| FIXEDASSETS | |||||||||||
| Tangible assets | 10 | 216,577 | 300,524 | ||||||||
| CURRENT ASSETS | |||||||||||
| Debtors | 2,032,432 | 1,898,302 | |||||||||
| Cash at bank and | in hand | 842,567 | 1,124,265 | ||||||||
| 2,874,999 | 3,022,567 | ||||||||||
| CREDITORS | |||||||||||
| due within one year | 12 | (1,059,295) | (1,109,699) | ||||||||
| NET CURRENT ASSETS | 1,815,704 | 1,912,868 | |||||||||
| TOTAL ASSETS | LESS | CURRENT LIABILITIES | 2,032,281 | 2,213,392 | |||||||
| CREDITORS | |||||||||||
| due after more than one | year | (727,278) | (1,844,063) | ||||||||
| NET ASSETS | 1,305,003 | 369,329 | |||||||||
| TRUSTEES' FUNDS | |||||||||||
| Retained surplus |
(Unrestricted | funds) | 15 | 601,142 | 369,329 | ||||||
| Designated funds |
15 | 703,861 | |||||||||
| 1,305,003 | 369,329 | ||||||||||
| These financial statements |
are prepared | in accordance | with the | special provisions | of Part | 15of the Companies | Act 2006 | ||||
| relating to small companies |
and in accordance | with the | Financial | Reporting | Standard | 102. |
| Note | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|
| Cash flows from operating | activities | ||||||
| Net movement in funds |
935,674 | (274,859) | |||||
| Adjustments to cash flow from non-cash |
items: | ||||||
| Depreciation and amortisation |
4,5 | 121,534 | 125,697 | ||||
| Loss on disposal offixed assets | 4,5 | 1,755 | |||||
| Finance income | (349) | (225) | |||||
| Finance and hire purchase costs | 5,710 | 3,055 | |||||
| 1,064,324 | (146,332) | ||||||
| Working capital adjustments: |
|||||||
| Increase in debtors |
(133,816) | 485,382 | |||||
| Decrease in creditors |
1,131,739 | 450,495 | |||||
| Net cash flow from operating | activities | (201,231) | (111,445) | ||||
| Cash flows from investing | activities | ||||||
| Interest received | 349 | 225 | |||||
| Acquisitions offixed assets |
10 | 39,342 | 37,065 | ||||
| Net cash flows from investing | activities | (38,993) | (36,840) | ||||
| Cash flows from financing | activities | ||||||
| Hire purchase interest |
(2,846) | (2,787) | |||||
| Loan interest | (2,864) | (268) | |||||
| Movements in finance leases |
(10,764) | (10,764) | |||||
| Repayment of loans |
25,000 | 2,083 | |||||
| Net cash flows from financing | activities | (41,474) | (15,902) | ||||
| Net movement in cash and |
cash equivalents | (281,698) | (164,187) | ||||
| Cash and cash equivalents | at | 1 September | 1,124,265 | 1,288,452 | |||
| Cash and cash equivalents | at | 31August | 842,567 | 1,124,265 | |||
| Analysis ofchanges in net |
debt | ||||||
| At 1 | Other non | At 31 | |||||
| September 2021 |
Cash flows | cash changesf |
August 2022 |
||||
| Cash and cash equivalents | |||||||
| Cash | 1,124,265 | (281,698) | 842,567 | ||||
| Borrowings | |||||||
| Due within 1 year |
(25,000) | 25,000 | (25,000) | (25,000) | |||
| Due after more than 1 year |
(97,917) | 25,000 | (72,917) | ||||
| Total net debt | 1,001,348 | (256,698) | 744,650 |
| 3 | INCOME | ||||||
|---|---|---|---|---|---|---|---|
| 2022 | Practical | Work Based | |||||
| Delivery f. |
Academicf | Assessorsf | Totalf | ||||
| Government | funded | apprenticeships | 923,982 | 683,761 | 646,270 | 2,254,013 | |
| Commercial | courses | 59,867 | 428,962 | 6,700 | 495,529 | ||
| Other income | 312 | 426 | 227 | 965 | |||
| 984,161 | 1,113,149 | 653,197 | 2,750,507 | ||||
| 2021 | Practical | Work Based | |||||
| Deliveryf | Academicf | Assessorsf | Totalf | ||||
| Government | funded | apprenticeships | 579,324 | 376,706 | 471,383 | 1,427,413 | |
| Commercial | courses | 34,173 | 583,367 | 9,928 | 627,468 | ||
| Other income | 538 | 320 | 112 | 970 | |||
| 614,035 | 960,393 | 481,423 | 2,055,851 |
| 2022 | 2021 | ||
|---|---|---|---|
| Auditors' remuneration |
(net ofVAT) | ||
| Costs ofexternal scrutiny |
7,183 | 7,833 | |
| Other financial services | 1,972 | 2,146 | |
| 9,155 | 9,979 | ||
| STAFF COSTS | |||
| 2022 | 2021 | ||
| Wages and salaries | 1,496,120 | 1,502,387 | |
| Social security costs | 157,671 | 154,376 | |
| Pension costs | 57,251 | 64,509 | |
| Other staff costs | 81,380 | 46,682 | |
| 1,792,422 | 1,767,954 |
| Key | management personnel |
management personnel |
2022 | 2021 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| The | number | ofkey management | personnel | ||||||||||
| The | number | of key management | personnel | and | other | staff who | received | annual | emoluments, | excluding | pensi | ||
| contributions | and Employer's national insurance, |
but | including | benefits | in kind, | in the following | ranges | was: | |||||
| 2022 | 2021 |
| Leasehold | Plant and | ||
|---|---|---|---|
| improvements | machinery | Total | |
| Cost | |||
| At 1 September 2021 | 637,918 | 694,770 | 1,332,688 |
| Additions | 445 | 38,897 | 39,342 |
| Disposals | (26,545) | (26,545) | |
| At 31 August 2022 | 638,363 | 707,122 | 1,345,485 |
| Depreciation | |||
| At 1 September 2021 | 515,353 | 516,811 | 1,032,164 |
| Charge for year | 62,588 | 58,946 | 121,534 |
| Disposals | (24,790) | (24,790) | |
| At 31 August 2022 | 577,941 | 550,967 | 1,128,908 |
| Net book value | |||
| At 31 August 2022 | 60,422 | 156,155 | 216,577 |
| At 31 August 2021 | 122,565 | 177,959 | 300,524 |
| 11 | DEBTORS | DEBTORS | |||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| f | f | ||||||
| Trade debtors | 5,778 | 4,504 | |||||
| Prepayments | and accrued income | 2,025,795 | 1,893,253 | ||||
| Other debtors | 859 | 545 | |||||
| 2,032,432 | 1,898,302 | ||||||
| Included with accrued income isf719,322 (2021 - f1,044,534) due in more than one year. |
|||||||
| 12 | CREDITORS | ||||||
| Note | 2022 | 2021 | |||||
| f | f | ||||||
| Due within one | year | ||||||
| Loans and borrowings | 13 | 25,000 | 25,000 | ||||
| Net obligations | under finance lease and hire purchase | contracts | 13 | 10,386 | 9,571 | ||
| Trade creditors | 54,584 | 105,597 | |||||
| Taxation and social security | 39,406 | 48,867 | |||||
| Accruals | 16,938 | 13,156 | |||||
| Other creditors | 912,981 | 907,508 | |||||
| 1,059,295 | 1,109,699 | ||||||
| Due after one | year | ||||||
| Loans and borrowings | 13 | 72,917 | 97,917 | ||||
| Dilapidations provision |
175,000 | 175,000 | |||||
| Other creditors | 469,116 | 1,549,322 | |||||
| HP Liability | 13 | 10,245 | 21,824 | ||||
| 727,278 | 1,844,063 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Due within one year | ||||
| Bank loans | 25,000 | 25,000 | ||
| Net obligations | under finance lease and hire purchase | contracts | 10,386 | 9,571 |
| 35,386 | 34,571 | |||
| Due after one | year | |||
| Bank loans | 72,917 | 97,917 | ||
| Net obligations | under finance lease and hire purchase | contracts | 10,245 | 21,824 |
| 83,162 | 119,741 |
| At 1 | Income | Expenditure | Transfers | At 31 | |||
|---|---|---|---|---|---|---|---|
| September | between | August | |||||
| 2021 | funds | 2022 | |||||
| Unrestricted | funds | ||||||
| - Retained | surplus | 369,329 | 2,750,856 | (2,519,043) | 601,142 | ||
| Designated | funds | ||||||
| - Shortfall deposits reserve | 703,861 | 703,861 | |||||
| 369,329 | 3,454,717 | (2,519,043) | 1,305,003 |
| 2022 | |||
|---|---|---|---|
| Land and | Other | Total | |
| buildings | |||
| Expiry date: | |||
| Within one year | 174,446 | 10,836 | 185,282 |
| Between two and five years | 657,845 | 18,597 | 676,442 |
| Over 5years | 14,185 | 14,185 | |
| 846,476 | 29,433 | 875,909 | |
| 2021 | |||
| Land and | Other | Total | |
| buildings | |||
| Expiry date: | |||
| Within one year | 166,600 | 11,164 | 177,764 |
| Between two and five years | 29,433 | 29,433 | |
| Over 5years | |||
| 166,600 | 40,597 | 207,197 |