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|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)|||||||||
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||||||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|
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|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|
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|||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|
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||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|
##
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||||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|
##
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||||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|
##
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|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|
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