REGISTERED COMPAINY NUMBER: OI E80144 {En%laiid Aiid Wnles) REGISTERED CHARITY NUMBIR: 274344 REPORT OFTHE TRusfEES AND INANCIAL STATEMENTS FOlI'fFIC YFAR ENDLD 31 AUGUST 2024 FOR SIGTA I,IMITF.D Haines & Co Chartered Accoui)tants Cai'lton House 28-29 Carlton Teirace PoTislJde Brigliton BN41 IUR
SICTA LIMI'fED CON'I'ENTS I)F TIIE fiNANC."IAL STATEMENTS TrOR'fHE YEAR Tr.NDED 31 AUGUST 2Q24 Page Repoi't of the Trustees Independent Ex2niiner's Report Stateihent of FittAlJtial Atlivities Stateinent of Finaiicial Positio tAteinent of C.g.8h Floiv$ Notes to the Stitement of Cash Flows 10 Notes to the FinAneial Statement5 DetAiled Statemeiit of Finy&llCtAI Activities 18 to 19
SIGTA I.IMITED REPORT OF THE TRIISTF.F.S FOR THE YEAR EliDED 31 AUGUST 2014 Tlie IIw5tees wlio are also dire¢toJs of the chai'ity foi. the pui'puses of tlie Cotiipanies Act 2006, present their report witl) tlie finaiicial slatenieiils of ilie cljai'ity for tlje yeai. ended 31 Augiist 2024. 'fiie ti'uslees liave adopted tlie pi-ovisioiis of Accouii(iiig aiid Repoi'liiig by CliaTilies.' Stateinerti thf Retoniineiided Practice ai)plicable lo cliayittes prepayiiig tlicir atcouiiis I atcordance witli tlic l-.inancial Ilcporting gtandard api)Iic2ble in tlie UK aiid Republic of Irclaiid {fRS 102) (cffcctivc l January 2019). OB,IECTIVES ANI) ACTIVITIF.S Objeetives And 8Ln SIGTA'S objectives. as set out in the Arti¢les of Association, are io piDinote aiid advgnce the edu¢atiot) and training of pei'sons employed or intending io be employed in IDdustry and Commerce and to extend such tizinillg to membeis of the public genei711y. To a¢l)ieve Ilie ainis of SIGTA, Ilie Boai'd l)as approved training provisioIi in Ilie following areas.. Appreiiti¢e ti-airting in the Engineci'ing and ManufacturitlE sectoi. covei'ing a lad l'ange of teclinical occiipation%. BuEiness adminislration and Teain Leader apprenticesliips al'e available to individuals ctnploy¢d in the wid¢T busine%$ cojnniunity. All appreiitlCe5 mallagcd by SICJTA ale cinployed by Ilic SICITA mcmber coinp3ny in which ihcy serve their appitntice81iip. In addition to the manageinent of tixining, SIG'I'A proii)otcs apprcnticcsliip5 as a carcer choice and as%i%ts applicants to obtain sultablc apprentice einploym¢nt withii) SIGTA membei. companies. SIGTA is committed to dev¢loping new opportunities for apprenti¢e training and a¢tively encoui?ges coinmitted eJllployeiE to josn SIGTA. Slioi'l coiirse tTaining PTOV15ion foi. It)eillber ¢onipanies, ¢niployers and individuals. These include Filst Aid traiiiing. Forklift Truck, Health & Safety, Supavisor/Ma]iageiiJeJit traiiiiiig aiid much more. Assessnient of Qualifjcatioiis lo address the ti'aining Jieeds ofiiidividuals aiid eniployeiE. Training aiid development advisoiy sei'vi¢¢s to assist sm811 to Inedtum sized organisations to idcntify, plan and inipleinent effective traintng solutions to ineet their bLisiness needs and thc devclopniental I'equiltments of iiidividual staff. The Boai'd al'e coniniitted to the delivery of eoniiniinity-based leamiiig, addl'essing the needs of individuals who self-l'efer to SIGT A or are refeiTed by tliird party organisatiojis. To realise tliis anibition tlie Board will conÉiiiue to investigate sources of available fulldillg for tlie deliveiy ofdiese a¢tiviiies. Traiiiitjg serviees are regiilarly irvtewed aiid updated to ensure tliey contiiiue to nieet tl)e needs of ert)ployevs and individuals served by SIGTA. SIGTA Js fkinded jointly through coininercial incoinc gcneiated froim the training services p¥ovided to Incinber and non-lneinber organi.iatlOlL% and Ihroiigh appi'oved funding stiEains iElating to spccific ai'eas of dclivcry. Dui'ing tlic year elided August 2024 SIGTA accessed Edllcation Skills l unding Agency (ESFAI appiriiticeship fuiiding through the en)ploycr appreiiticeship 5ervi¢e accounts for levy and non-levy paying eniployers. Tlie majority of SIGTA'S wo1* takes place across Sussex and Su¥rey bui is not solely ¥estricted to tliis region. Publit beiiefit It) sliaping oui. objeclives foi. the year alld plaiii)Ing oui. activittes, Ilie tISleeS liave coiisidei'ed ilie Cliai'ity Coiiiini55i0n's guidance on public benefit, including tlie gLiidance piiblic benefit.. riinniiig a chaiity {I>B2). Page I
SIG'I'A LIMII'II'D RLPOR'I. OTr 'I'HE TRIISTLI fi S FOR THF. Yr.AR ENDKD 31 AUGUST 2024 STRATEGIC REPORT Aeliievetjjent i)L'rforillance Cliaritable aetivitits Dui'ing tlie year elided August 2024 SIGTA continued to provide l)iglJ quality apprenticeship traiiiiiiu progi?nimes and sliorl coui'se provisioii. Tlie5e services cojitinued to be well received by eii)ployeis and leariier5 aiid resiilted in leai'ners a¢quiriiig new skills, kiiowledge and beliavÈours. In many ¢ases, tliis will facilitate ejnployability aiid fllture career progiesion at)d were Tecognised througl) the acliievement of recognised qualTfi¢ations. SICJl'A'5 last inspcclion nf apprcnttceship piDvision by Ofsted {OtTice for StRndaiYls in Ldiicalionl in Febi'iiary 2020, was judged ta be good iii all graded areas. Employers were keen to take oli new apprellticcs and we Inaiiaged to secuir einployiiieiit for 28 appirntices during the yeai.. Due to dje oiigoing fit1811¢ial iit)pact of reduced apprenticeship recriiitineni during tlie COVID peTiod, aiid tlie c11211enge of r¢turniiig appreiilice niiii)bers to pre-pandeijitc levels, a l-tIleJ. ¢on5i(ferable ti?ding 105S 111 tliis fiiJaiici21 year was seen. All 21.eas of tlie business Iiave contiiiued lo opeJ?le aijd the Board look forwa1 to business glDWth back to the voliiiiies seen pie-pandtinic. Fitiantl81 revteiv Investment policy gild objectives The boai'd aims to maxiinisc investrneni ietum, Ininimise the risk ¢0 investcd fiiiids and ensiiir timely access to sufficient fuiids to iiieet the objectives of the organisation. Rtserves polley Resejwes are iiiaintained to miiigate tlie risk of a Ios5 of reveNue froni one of the ¢liarity's sources of incoii)e and to enable it to coiilinue lo trade foj. a period of twelve nIont] wiiliout re¢oui8e to bank financing. Tlie Board believe a reserve of £400,000 IeelS this I'equiieiiient. Diie to the Impact of tlie last thi'ee yeais, it lias been necessary to iise iEserves to eiiable SIGTA lo iiiainlain biisijiess trading. Flowevei., we will work towards repleDil)ing tl)e reseives when possible. It was expected Iliat the available reserves would contiiiue to reducc dui'ing tlie last yeai., as SIG'I-A contittues t(} recoyer froni the impact of tlie Covid-19 pandcniic. Tlie reserve policy will continue io be i'eviewed aniiiittlly and adjusted as nccessary to refleci current requireii)ents. Tlie reserves as of 31 August 2024 weir £12.892. wliicl) lias been calculated afier dedu¢ling fixed assets of £58.534. "uture plans 'riie pi'inciple aiiii of Ihe thai'ity 1% to continiie to grow and develop its seiwices in the aiEaS OF appienti¢esliip training, iiicluding fiigiiicerin& Manufactui'ing, Busit)ess Adii)Ini%tration, 'feam Leadiiig aiid otlier areas Jiot curreiitly beijig offeied. SICJTA'S short ¢oui'se provision will contii)uc and be developed fvrthei. to intlllde coursLR not curi'ently offered. Seivi¢es will coi)tinue to be provided to both einploycd and, subject to the availability of caurse funding, comniunity-based leai'ners. Tlie tfU5tees recowiise the need to idenrify and secure rtew source5 of fvndiiig to acliieve tliese ainis and to IEduce the risk to tlie drItY that arises froiTa over relice oil single souires of income. STRiicfiiRTr, COVERNANCE AND MANAGEMENT Govcrnijig docunjeiit & body Tlie charity is coiitrolled by its govei'ning do¢ument, a deed of trust, aiid coi)stitutes a liinited compaiiy, limited by guarante¢, as defirted by the Coillpanies Act 2006. Page 2
SIGTA LIMITF.D REPORT OFTHC TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 Tlie ¢h31-ity is coiitiulled by ils govertllllg docuiiient, a deed of trust, and constitutes a liniited cojiipaiiy, liiiiited by guarantee, as defined by Ilie CoiiTrpaiiies Act 2000. SIGI A was foundcd in 1964 ai)d incorporated as a coiiipany liimited by giiaiantee oli tlie 7tli Augiist 1974. SIGTA is govetmed by lis Articles of Association produecd in 1974 and last ainended in 1999. -riic Diirctors of SIGTA Ltd ale also TriteeS of tlie ¢hai'ity. The Board is ¢ompi'ised of a Chief Executive and non-execuiive Direelors elected by tl)e illetllbeiship of SIGTA in accoi'daiice witli the pJDce(lure defiiied in ¢lie Articles of Association. The Cliaii. of the Board is elected fiDm ¢lie body of non-exe¢utive Dir¢¢ior's. During the yeai. ending 2024 Ihe Board's nieJibei3hip constiluted of the Chief Exeeulive, two non-executive Directors alld the Coinpany Secretary. Tlie Cliief Executive is Alison l-.oxwell. Newly ap]x)inted Diirctors at)d T¥ustees are inducted iiit(J tlie role hy die Cliicf Lxccutivc and Chaii. of Éhc boaiYJ. Tlic Board aiiiis lo nieet once evely two ittonths, achieving six Ineetings per year to fiilfil its objectives. Additional meetings ale s¢lieduled as reqiiiiEd to address specifEc strategic and operational requireinents. REFERENCE AND ADMINJSTRATtVE DETAIts Registci'ed Company ijunibei. 01180144 (Englatid aiid Ivales) Regist¢i'ed Ch#rlly numbe 274344 Regi5t¢red offi¢¢ 26 Abingci. Road Portslade Brighton East Su5se.% BN41 IRZ Trustees Mr IM Jones (Cl]J.) Mis5 D Potter Mis A Foxwell Company Secietary Mi" l) Seott Indepeiideiit Examli)er Sinion Jatllts ACA Haine5 & Co Cliai'lered Accounlaiits Carlton House 28-29 Cai'lton'l'etyace Porlslade Brigliton BN41 IUR Page 3
SIG'FA I.IMITLI D REPORT OF THF. TRiisrr4.Ei S roR THE YCIAR EIYDED 31 AUGUST2024 Repuri uf tlie trus dii'ectols, on es, incorpoi'atiiig a sti?tegic report, approved by olel. of the board of ts"ustees. as the conipatry .3qXS.. aiid signed on tl)e boai'd's belialf by.. M¥ nes {Chairl- Trustcc Page 4
INDEPEiYDF.NI" I,:XAmIfi R'S REPORTTO THE TRIJ[lEs OF SIC.TA LIMII'D:D lrtdepcndeait exAminer's repoi't to the trustees of SIGTA Limited ('tlie CompRny'l I rcport to tlie cliarity trustee5 on my examinatioll of the d¢LouiilS of tlie Cuinpany for (lit yeai. ended 31 August 2024. Responsibilities #lid bRsis of repoit As tlie Cliai'ily's ti-ustees of ilie Coiiipaiiy land also ils direLlors for ilie purposes of conipany lawl you are iespoiisible foj. )e preparation of tlje accounts iji accoi'dance witli tlie i'eqiiiretiients of the Conipatiies Act 2006 {'tlie 2006 AcV}. Haviiig satisfied niy%clf tliat Ilie accouiits of tlie ("onii)any are Jiot I'equired lo be audited iindei. Pait 16 of tlic 2006 Act atjd al eligiblc foi. indepcndcnt exaniination, I IEpoil in re%pect of my exaniination of yoiii. chai'ity'5 accoiints a5 cuiiicd oiit Iindcr Section 145 of the Chai'ities Act 2011 ('111¢ 201 l A¢t'). In carrying out n)y exaiiiination I liave fnllawed the Directions given hy the C.hai'ity C.oiiinii%sioii uiider Section 145(51 Ib) of the 201 l Act. IDdependent examiner's statement Sin¢e yoiir ehai'ity's giSS illcotne exceeded £250,eOO youi. examinei. Ji)usl be a Jiieniber of a listed body. I can confirni that l atn qualified to undeitake tlie exainillation because l aiii a nieniber of ¢lie Instilute of Chariei'ed A¢¢oun¢ai)Is in England and Wales, wliicli is one of Ilje listed bodies. I liave coinpleted Jny examination. I confirm that no matters liave tonie to Iny attention in cotinection witli the examination giving tne cause Its believe: accounting lewi$ were not kept in respeci of thc Company as rcquired by Sc¢lion.380 of the 2006 Act,. or the accounts do not accord witli thosc rccords. or the aecounts do not Comply witli tlie a¢¢oiintii)g reqyiremeiits of Section 396 of tlie 2006 A¢t oiher thali any requirenient that the accounts give a Iiiie and fair view wliicli is not a inatter considered as part of an independejit examination. or the a¢¢oiinls liave not been PiEpared in accordaiice witli die Inetliods and principles of tlie Statement of Recoi?InJended Practice for accoui)tiiig and reporliiig by cliai'ilies (applicable to Cliarilies prepai'iiig tlieir a¢¢ounts in a¢¢oi.d21)ce witli Ilie Fitjancial Reporiiiig Staiidai'd 2ppltcablc in ilie UK and Republic of Ireland {fRS 10211. I have no concein5 and have come acros5 no otliej. matters in ¢onne¢tion with the examination to wliicli attcntion $lioiild be drawn in tl)is reroit in ord¢i' to cnable a proper understanding of the accounts to be reached. ACA Tlie lllstitLile of Charteird Accountants in Lngland and Wales l.laines & Co c.hartered Accountants Carltoll House 28-29 Carltoii Terrace Porlslade Bi'igliton BN41 IUR Date.. Page 5
SIG'fA LIMII'LI D STA'FF.MlI N'l. 01,. FINANC.IAI, ACI'IVI'I'lb.S roR'I'HI,: YEAR EIYDED 31 AIIC.IIS'I' 2024 2024 Uiiirsiricted fund Total funds Notes INCOME AND EN'DOWMKNTS FROM ClIAI'it2ble Activities railling provision 541,052 394,011 Invcstnient incojiie I,U15 ,456 T(Jtal 542.067 -395,467 EXPENDITURE ON Cliai'itable Activilies Trailiing provision 647.551 551.063 Nct gaiiis on investment5 925 NET IiYCOMF.I(F,XPENDITURF.) 1104,5591 {155,5961 RECONCILIATION OF FUNDS Total fuiids brouglit fvThvard 175,985 331.581 TOTAL FUNDS CARRIED FORWARD 71.426 175.985 Tlie noies form part of these financial statenieiits Page 6
SIGI'A LIMI'I'Tr;D SI'ATf.MENT OV Tr'INANCIAL POSITION 31 AUGUS'I. 2024 2024 2023 Total rui)ds Uiirestricted fuTid Not¢5 FIXED ASSEI'S Tangible assets Inve5tineiits 58,534 2,617 6.3,995 1,692 61,151 65,687 CIJRRENT ASSETS Stocks Debtors Casli at bank and iii Iiaiid 12 1,567 54,348 63.847 35.831 120,979 119,762 157,920 CRF.DITORS Amtsllnts fall&ng due witliin one year 14 (109,487) {47.622) NET CIIRRENT ASSETS 10.275 110.298 TOTAL ASSETS LE&S CURRENT LIABILITIES 71,426 175,985 NET ASSETS 71,426 175,985 FUNDS UIiTCStricted funds.. G¢n¢ral fund 16 71,426 175.985 TOT AL FUNDS 71,426 175.985 The cliaritable cojiipany 15 entftled to eXeIptIOn frojii audit under Section 477 of the Coinpanies Act 2006 for tlie year eJid¢d 31 Aiigust 2024. Tl)e JJienibE have not reqiiired the coimpany to obtain an aiidit of its financEal stateincnt5 foi. tlie yeai. ended 31 Aiigust 2024 in actordancc witli Section 476 of tlie Coinpanies Act 2006. The trustees acknowledge their res]xJnsibilities foi. {al ensui'ing tliat tlie cliai'itable comparty keeps accounting recovds that coniply witli Sectioiis 386 and 387 of the Conipanies Act 2006 and prepai'ing fiiiaiicial statements wliicli give ) (rue and fair view of tlie stale of affairs of tlie chai'itable coiiipany as at tlie eiid of eacli fiiiaticial year aiid of its surplus or deficit foi. eacli financial year iii accoi'dance wiilj the iequii-eineiits of Sectsons 394 aiid 395 aiid iJAiicli oilieivise comply witli tlie t'eqiiireiiients of the Coiiipanies Act 2006 Irlating to fEnancial statements, so far as applicable lo the charitable coiiipany. {b) 'riie iancial %tateineiits were approvcd by the Board of Trustees and autliori8ed for issue and were signed on its behalf by.. on The notes forni part of these financial slateiiieiit5 Pagc 7 ¢tsiitinued..
SIGTA I.IMITLI D srATf4.MEI N'l. OF blNANCIAL POSITION- eoJitiiiu¢d 31 AUC.IJ.ST 2024 MrsA l- Tiustee ones IC.l)airl- 'I't'llStec The notes forni pai't of tlJese financial s18ienieiits Page 8
SIG1'A LIIMITED STA'I'LMLI NT OF C.ASH FLOIVS FOR THE YEAR ENDED 31 AbGUgt2024 2024 2023 Notes C#sli flows fj'oiii operaliiig atlivities Casli geiierated fi'nim i)peialions Inteiest paid (54,7231 (8451 1141,061) (806) Net cash used ift operating activities {55,568) 1141,867) Cash flows fi'oitt invesliijg &ctivities Pu¥¢hase of tangible fixed assets Intei'est received Rewaliiation of itivestinent (2,5791 1,015 (7,250) ,45CI 195 Net casli u5¢d in Investing activities 11,564) 15.599} Chaiigt in eA8h and cash equiv*lents in tlje repThrting pcriod C.A%h Aiid cAsh eouivalent$ At the beginning of the i'epoi'ting period 157,1321 1147,4661 120,979 268,445 Cash %nd cash equ5valents at tlie end of the i'epui'ting pti'iod 63,847 120,979 The note5 foiiii pail of tliese financial slateiiieiits Page 9
SIGTA LIMITED NOTbS'I'O THE STATEMEprf OF CASH FLOWS ORI'IIE YLI AR ENDED 31 AUGUST2024 RfiCC)NCILIA'fioN Ob NET EXPENDITURE TO IYET CASH b"LOW FROM OPLRATINC. AC."fiviTILS 2024 2023 Nel expeiiditui'e foi. tlit i'epoi*ing pei'iod per tlie Statement or Finthiieial Activities) Adjllstni¢iits foi.: Depi'eciation chaiges Losses on investnienfs Iiiteirst ieceived 1104,5591 1155.5961 8,040 19251 9,317 (1,4561 806 53 49,463 {43.6481 845 {457) {18,517) 61,865 Ilticit2selld¢crease iji Stocks llrtcrea5elldeci.ease in debtoi's Jncieasel{decreasel iti cieditors Net tash used iii opei'at10115 (54,7231 ANALYSIS OF CHANGES IN NET FUNDS At 1.9.23 Cash flow At 31.8.24 Ntt cash Cash at bank aiid in lialld 120,979 (57,132) 63,847 120,979 (57,132) 63,847 Total 120,979 {57,132) 63,847 The notes foriii part of ttiese finatjctal siatenients Page 10
SIGI-A LIMITF.D NO'I'b'S'I'O'riir. FINANC.IAL STATEMENTS r4OR THE YEAR ENDED31 AUGUST2024 ACCOUNTING POLICIES Basis ofpi'ep#i'iiig tlie fiiiaticial stalemeiits Tlie financial slalenienls of tlie cliai'ilable conipany, uliicli is a piihlic bcncfTt entity EiiideT FRS 102, li&ve been pirpared iii accordaiic¢ witli tlie C.hai'ilics S()RP (FRS 102) 'Accountiiits aiid Repoi-liiig by C.liai'itics'. Stateiiieiit of Retoiiiniended Practice api)licablc to cliaritieE pr¢pai'iiig ilieir accounts in accoi'dance with ll)e Finaii¢ial Reporting Standard applicablc in tlic IJK and Rcpublic of Ireland IFRS 1021 (effective l January 20191., Financial Ilepoitiiig Standard 102 'The Finallciftl RertIng Standard applicable in tlie UK luid Republic of Ireland, and Ilie Coinpanies Act 2006. The financial slatei)ients have beeti prepared under Iht 111sriCal cost convention, witli the exception of investiiients wliicli are incliided at market value, as Inodifjed by tlie irvaluatioii of eeitain assets. liieoine In¢ortie fiDii) operations All incoiiie is ie¢ognised in tl)e Sratement of l-"iiiancial Activitie4 on¢c the cliai'ity lias entitlemcnt to tjie funds. it is probable that tl)c inconie will be received and the nOU111 Can be iiieasured rcliably. Tiii'nover 15 the ainoiint dei'ivcd foi. the provision of trairting seivices and is slated net of VAT. TnteiEst income Intei'est oji fund5 held on deposit is included Ml)en receivable and tlie anitsujit Can be measui'ed I'eliably by tlie cliarity- Iliis is iiormally up)n notification ofthe interest paid or payable by the Bank. Eypeiidilui'e Liabililjes are recognised a5 expenditUlT as soon as theie is a legal or constmctive obligation committing die cliai'ity to that expenditiiye, it is plbabIC thai a ti'ans(eY of econoniic benefits will bc rcquiird in settlement and the amoiint of the obligation can be Ineasured relsably. Expcnditurc is accouiited for oji ali accruals basis and has bccii classified ut)der heading% that aggi'cgate all cost rtlated to the ¢ategoiy. Ivhere costs cannot be directly atiributed io pariicular hcadiiigs they l)ave beeii allo¢ated to activities oti a basi5 consistent widi tlie use of resources. Tangible fixed assets Depjrciatloll 15 Pl'OVLded at il)e following atinual rates in ordei. to write off each assct over its estitnated usefiil Frechold piDperty Plaiit and machlneiy Motoi. vchiclc5 biitldin8 2Q/o on c05t. land nil 330/0 oil Cost and 15Q/o i)11 rediicing balnce 25¥0 on rcducing balance and 15 /0 oil iedu¢ing balance Stooks Stocks are valued at the lower of cost and net realisable value, after niakijig due allowance for ob501ete and slow moviiig Itels. Taxation Tl)e cliai'ity is exeii)pt fiDm corpoi'atioii lax oil its chai'itable activities. Fuiid actouthliijg Utii'estricted fiinds can be ysed in acci)rdancc with the charitable objectiveq at the disciEtion of the trustees. Restricted fund5 can 01)ly be u%ed foi. particiilar restricted pui'poses withiii the objects of the chai'ity. Restriction5 aTise wliei) sijecified by thc donoi. or wlien fuiids are raised for parlicular restricted purposes. Fui11ier explai)atioiJ of tlje na(ure and purpose of eacli fund is included iii tlie iiot¢5 to tlie fiiiaticial slatemeiits. Page 11 contii)ued...
SIGTA LIMI'I'LI D NOTES TO THE Flh'ANC.IAI. St'A'I'LMlI,NTS- contiiiued FOR THE YCAR ENDED 31 AUC.U.8T2024 ACCOUNTING POLICIES- eolltinued Hire i)urclixse #lid leasiijg coininitinetits Reiilals paid uiider operating leases are chai'ged to tlje Statenient of Finaii¢ial Activities ort a 5ti?ight line basis aver tlie pti'itsd of tlie lease. Pc115iTrn costs and otljei. po*t-J'etii'erneiit beiiefits The cliarÉtable ¢otni)any operates a defined cortti'ibiition pension scliejne. Contributions payable to tl)e charitable company's pension s¢lieme air chai'ged to tlie Ststement of Fittan¢ial Activities iji the pej'iod to which they l'ela. Fixed asset investitieiits Fixed asset investmenrs ¢omprise listed iiivestinents tliat are iii¢liidcd in the balance shcet at fair valiie. Any gains oi. losses in fair value are recojxled in the Svdtement of financial activities in the year. INVEsfMCI NT INCOME 2024 2023 Deposit account inteiest 1,015 1,456 INCOME FROM CHARITABI.F, ACTIVITIES 2024 2023 Activity SFA fuiided training services Traiiiing piDvision Coui'se fees Mttiibersliip fees Project incoine Sundiy incoine 427,933 59,740 12,388 20,207 20,784 309,920 55,814 7.121 21,074 82 Traiiiin2 provision Traiiiiiig provision 'Fr2iniJig pruvisio 541,052 394.011 CHARITABLE ACTIVITIES COSTS Siippoit costs {see note 5) DiiECt Costs Torals Tiaining pi'ovision 641,551 6,000 647,551 .SUPPORT cosrs Govei'&iance osts TIBining piovisioii 6,000 Page 12 continued...
SIGTA LIMITED NOTES TO THE FIYANCIAL STATEMENTS- coiitiiiued roR THE YEAR ENDED 31 AUGUST2024 NL'f INCOMbJ(Tr:XP&".NDI'I'URLI Net iiicome/lexpeiidtture} is slated aftei. chargiii8llcreditiiig)'. 2024 2023 DepiEciation- oivned assets Hire of plat)t and Iiia¢liiiiery 8,040 1.602 9.317 2.558 TRUSTEES, REMUNERATION AND BENEFITS riie remunei?tinii of Ali50n Foxwell Ivlio %erved as C.liief F.xecutive. i¥as £52.90012023 £51,090), includiiig b¢rtefiis irt kind of £4,7.36 (2023 £3,967), willi a pension conlriburtoii of £3,613 {2023 £3,613). The Chief Executive is fiuthoi'ised to receive remiineiation by tlie compangs memorandiim of association and is the Sole tiustee to wlioni benefits are acci'uing undcr moncy piirchase pension contributions. Trustees, expenses Two irustees were Irit)Ibursed for iravel expenses of £296 during ihe yeai. {2023 £156). STAV Tr cos'rs 2024 2023 Wage5 and salaries Social secui'ity ¢osts Othci. pensiot] costs 289.722 24,628 24.24i 278.700 24,158 22.435 338,593 325.293 The average ii?onthly number of ciiiployees duiiiig tlie yeai. was a5 follows.. 2024 2023 Managei))ent & administiation rraining & sale8 10 10 No eniployees received ejiioluments in excess of £60,000. COMPARATIVTrS FOR THE STAI'LMEN'I. 01,. blNANCIAL ACTIVIT"ILS Uiii'eslricted nd INCOME ANI) CIYDOWMLNT.s f4ROM Chai'itable aetivtties 394.011 Investinetit incoiiie 1,456 Tot¥1 395,467 EXI>ENDITURI,: ON Page 13 contii)ued...
IC.TA LIMITED NOTES TO THE FINANCIAL sfATEMENTS- coiitinued riOR THE YEAR E4NDED 31 AUGUST 2024 COMPARATIVES FOR THE STATEMENT OF FINAN'CIAL ACTIVITIES- contiijued ruiid Cljai'itable activttie5 Trai11ing provision 551,063 NET IIYCOMEI{EXPlI NDITURE) 1155,596) RECON'CILIATJON OF FUN'DS Total fuiids broUt foi'ward 331.581 TOTAL fiUNDS CARRlkD foRIVARD 175.985 TAN'CIBLL TrIXED ASSETS Frecliold pi'operty Plant and Ina¢hilleiy Motor vehicles Tota15 COST At I Septeiiibei. 2023 Additions 82,405 348,954 2,579 16,400 447,759 2,579 At 31 August 2024 82,405 351,533 16,400 450,338 I)EPRECIATION At I Septemb¢r 2Q23 Chai'ge for year 32,347 1.448 338,136 5.969 13,281 623 383,764 8.040 At 31 Augusi 2024 33,795 344,105 13.904 391,804 NET BOOK VALUE At 31 Aiigust 2024 48,610 7,428 2,496 58,534 At 31 August 2a23 50,058 10,818 63,995 Incliided in cost or valuation of land and biiildings is fi'¢ehold land of £lO.000 (2023 £10.000} which 15 not depre¢iated. ii. IXED ASSET INVESTMENTS Listed MAIiKET VALUL At I Scptenibei. 2023 Revaluatiotts 1,692 925 At 31 August 2024 2,617 NET BOOK VALUE At 31 Augyust 2024 2,617 At 31 August 2023 1,692 Page 14 contiiiued...
SIGTA LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR'I'HE YEAR ENDED31 AUGUST 2024 FIXED ASSE'f INVF.STMf.NTS- coiitiijued Tlierc were no investiiient assets oviside the lJlQ. Cost oi. valuation ai 31 Augusc 2024 is repi&%eiited by.. Listed investnients Valuation in 2024 2,617 l2. STOCKS 2024 2023 Stocks 1.567 13. DEvfoRS: Amouiyfs FALLING DUEWITHIN ONE YEAR 2024 2023 Trade debtors Otliei. del)tor5 VAI. 18,881 527 399 12,450 2.091 6.945 526 2.033 25,313 1,014 Piei)ayments and accrucd iiicome Prepayments 54,348 35,831 14. CREDITORS; AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors 8ocTal security and otlier taxes ()tliei' ci'editot Accrucd expenses 50,443 7,782 40,395 10,867 24.054 7,306 16,262 109,487 47,622 Is. SEÉ CURED DEBTS 16. MOVLIMENT IN FUNDS Net Jiiovenient in funds At 31.8.24 At 1.9.23 Unresti'icted fllnds General fujid 175,985 {104.559) 71,426 TOTAL FUNDS 175,985 {104.559) 71,426 Page 15 cootinued...
SIGTA LIMI'I'VD NOTES TO"I'HI,; ",INANCIAL S'I'A'I'LNILN'fs- corttiiiued FOR'fiiE YCAR ENDF.D 31 AUGIJST 2024 16. MOVEMENT IN FL'NDS- continue Net nioveiiiellt iii fujids, iii¢luded in the above are ds follo.. Resour¢es exi)ended Moveinent in funds IfSOUI'ce5 losse5 Unrestricted fuijds Gcneral fund 542,067 {647,5511 925 {104,559) TOTAL FU,Ds 542,067 {647,5511 925 {104.5591 CompAIYLtives foi. moven]ent in futid5 Net iiitjvetnent irt fuiids At 31.8.23 At 1.9.22 Unre5ti'icted fund5 General fund 331.581 1155.596) 175,985 TOTAL FUNDS 331,581 (155,5961 175,985 Cojiipaixtive net nioveinent in funds. iiicluded In the above are as follows.. Iii¢oiMing resoiirccs Resources expended Movcincnt in t)dS Uniestrieted furtds General fund 395,467 {551,0631 1155,5961 TOTAL FUNDS 395.467 {551,063} 1155,596) A euriEnt year 12 nionths and prioi. year 12 inontlis Combined position is as follows.. Net tnovenient in funds At 31.8.24 At 1.9.22 Uniestrleteil tsiids General fund 331,581 {260,1 $51 71,426 'roTAL FUNDS 331,581 1260,1551 71,426 Page 16 ¢ontiiilled..-
SIGTA LIMITED NOTES TO THE FINANCIAL STATEMENTS- eoiitiiiued IOR-I'IIL YEAR LIYDED 31 AUGUST2024 16. MOVEMENT IN IIUNDS- contiiiucd A ciirrcnt year 12 moiiths and pi'ior year 12 Inoiith5 conibined nei niovemetJ( iii funds, intluded iii the above air as follows-. Incoining resources Resouircs expended Gaiii.% aiid losses Moveinent in funds Uni'estricted funds Geiieral fund 937,534 11,198,614) 925 (260,1551 'roTAL FUNDS 937,534 11.198,6141 925 1260,1551 17. EMPLOYEE BF,NV.Tr IT OBI.IGATION8 The company op¢i?tes a defined contribution pension scheme in respect of its employees. Tlie s¢hein¢ and its assets #ir lield by independent Inanagers. The pensiotj cliarge coiiiprises contributions diie ftY)m the coiiipany at)d aniounted ¢0 £22,243 (2022 £22,435). 18. RELATED PARTY DISCLOSURES I'he reiiiuneration of Alison Foxwell Mlio served as Chief Execlllive foT Ilie yeai. was £52,90012023 £51,090), including beiicfits Iii kind of £4,73612Q23 £3.9071. with a p¢11510lI Colltl'ibutioti of £3,613 (2023 £3,613). Micli Jones, a iruste¢, was paid £950 for ti&iiiing seivice5 pIDvided during tlie year (2023 £1,799). Page 17
SIGTA I,IMI'I'I.: DF.TAlI.r.D STATF.Mf,NT or FINANC.IAI. ACTIVITIES roR THE YC4AR ENDED 31 AUGusf 2024 2024 2023 INCOME AND ENDOWMENTS Investnieiil inconie Dcposit aceount inlcrest 1,456 Cliai'itable actlVLtie5 SFA fiind¢d training services CouiEe fecs Membersliip fees Project iticome Suiidry incume 427,933 59.740 12,388 2Q,207 20,784 309,920 55,814 7,121 21.074 82 541,052 394.011 Totxl iiicoiiiiiig resoui'ces 542,067 395,467 F.XPF.NDITURF. ChxritAble activities Trustecs, salaries Tru8tees' social Security Wages Social security Petisions Hii'e of platii and machiiiery Rates and watei. Insiiiance Light and heat Teleplii)ne Postage aiid stationery Advertising Sundries Yoiitli ¢raiiiiog Coiirse fees and project C0515 RepaiTS & Diainteii3rtce Cleaning 48,164 5,392 241,558 19,236 24,243 1.662 4,948 12.899 47.123 4,250 231,577 19,908 22,435 2,558 1,545 7,453 6,686 6.687 3,036 5,558 (4,3501 69,984 28,310 9,691 7,064 19,305 6,334 1,063 9,028 25,350 7,135 (350) 1,448 7.038 831 806 4,216 3,678 386 7,004 109,430 23,749 3,80È 6 1)()9 29,272 9,900 2.276 6,142 58.565 2,563 70 1,448 5.969 023 845 Trav¢lliiig fvtotoi. expcnscs Coniputer software Professional fees Subs¢riptions Staff ti2ining Iinpi'oveinent5 to property Plant and inacliiiieiy Motor vcliicles Bank cliaygcs 641.551 547.503 This page does not forni pai'l of Ilie statutory financial stateiiieiils Page 18
IGTA LIMITED TAILED sTATEmE'T OF FINAiN'CIAL ACTIVITICS FOR'fHE YEARLNDED 31 AUGUST 2024 2024 2023 Support cost5 CJovernAiice costs Accouiitancy ai)d lcgal fees 6,000 3,560 rotal Irsoiirces expended 647.551 551,063 Net expenditure (105.484) (155.596) 'I'his page does not foj'ni pait of the staluloi'y financial slaletiiei)ts