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|Trustee|Directors|Directors|Ms SJaycock|||||
|---|---|---|---|---|---|---|---|
||||Mr R Morris|||||
||||Mr N Locke|||(Appointed|22 March 2023)|
|Charity|number||287075|||||
|Company||number|01706333|||||
|Registered||office|11Wedgwood|Road||||
||||Bicester|||||
||||Oxfordshire|||||
||||OX26 4UL|||||
|Auditor|||Shaw Gibbs (Audit) Limited|||||
||||264 Banbury|Road||||
||||Oxford|||||
||||Oxfordshire|||||
||||OX2 7DY|||||
|Bankers|||National
Westminster||Bank Pic|||
||||43 Cornmarket|Street||||
||||Oxford|||||
||||Oxfordshire|||||
||||OX1 3HA|||||
##
|||Page|
|---|---|---|
|Trustee Directors' report||1-3|
|Independent
auditofs
report||4-6|
|Consolidated
statement
offinancial|activities||
|Statement
offinancial activities|||
|Balance sheet|||
|Consolidated
statement
ofcash flows||to|
|Notes to the financial statements||11-23|
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||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|
||||||funds|funds|
|||||||as restated|
||||||2022|2021|
|||||Notes|f|8|
|Income and endowments|||from:||||
|Charitable
activities|||||25,859||
|Other trading
activities|||||785,933|594,639|
|Investments|||||138|51|
|Other income|||||11,500||
|Total income|||||823,430|594,690|
|~E*
Cht|||||||
|Raising funds||||8|924,230|630,873|
|Charitable
activities||||9|78,209|24,758|
|Total expenditure|||||1,002,439|655,631|
|Net expenditure||for the|year/||||
|Net movement|in funds||||(179,009)|(60,941)|
|Fund balances|at|1 September 2021|||359,298|420,239|
|Fund balances|at 31August 2022||||180,289|359,298|
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||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|
||||||funds|funds|
|||||||as restated|
||||||2022|2021|
|||||Notes|f|5|
|Income and endowments|||from:||||
|Charitable
activities|||||25,859||
|Investments|||||30,296|36,461|
|Total income|||||56,155|36,461|
|~ECht|||||||
|Charitable
activities||||10|110,010|86,946|
|Total expenditure|||||110,010|86,946|
|Net expenditure||for the|year/||||
|Net movement|in funds||||(53,855)|(50,485)|
|Fund balances|at|1 September 2021|||257,759|308,244|
|Fund balances|at 31August 2022||||203,904|257,759|
##
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|||||Group||Trust||
|---|---|---|---|---|---|---|---|
|||||2022|2021|2022|2021|
||||Notes|||6|6|
|Fixed assets||||||||
|Tangible assets|||16&17|29,852|8,621|1,140|1,520|
|Investments|||18|||160,000|160,000|
|||||29,852|8,621|161,140|161,520|
|Current assets||||||||
|Debtors|||20 &21|142,115|108,861||4,163|
|Cash at bank and|in|hand||251,210|335,041|86,153|94,976|
|||||393,325|443,902|86,153|99,139|
|Creditors: amounts||falling due within||||||
|one year|||22 &23|(242,888)|(93,225)|(43,389)|(2,900)|
|Net current assets||||150,437|350,677|42,764|96,239|
|Total assets less|current liabilities|||180,289|359,298|203,904|257,759|
|Income funds||||||||
|General unrestricted||funds||180,289|359,298|203,904|257,759|
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|||||2022||2021||
|---|---|---|---|---|---|---|---|
||||Notes|f||6||
|Cash flows from operating||activities||||||
|Cash absorbed
by operations|||28||(58,915)||(57,508)|
|Investing|activities|||||||
|Purchase|oftangible
fixed assets|||(25,054)||(1,670)||
|Investment|income received|||138||51||
|Net cash|used in investing|activities|||(24,916)||(1,619)|
|Net decrease
in cash and||cash equivalents|||(83,831)||(59,127)|
|Cash and|cash equivalents|at beginning|ofyear||335,041||394,168|
|Cash and|cash equivalents|at end of|year||251,210||335,041|
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|Leasehold|improvements|20% Straight|line||
|---|---|---|---|---|
|Plant and|equipment|25% Reducing|balance||
|Fixtures and fittings||15-33%Reducing||balance|
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||||||||Summer||
|---|---|---|---|---|---|---|---|---|
||||||||Camp||
||||||||Income||
||||||||2022|2021|
||||||||8|6|
||Sales within|charitable||activities|||25,859||
|4|Other trading||activities —Consolidated||||||
||||||||Unrestricted|Unrestricted|
||||||||funds|funds|
||||||||2022|2021|
||||||||8|F|
||Engineering|apprenticeships|||and other work-based|training|785,933|594,639|
|5|Investments||—Consolidated||||||
|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2022|2021|
||||5|
|Interest|receivable|138|51|
|||138|51|
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||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2022f|2021f|
|Rental|income||13,200|12,750|
|Income|from unlisted|investments|17,086|23,709|
|Interest|receivable||10|2|
||||30,296|36,461|
##
|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2022f|2021f|
|Sponsorship|revenue|10,000||
|Government|grants|1,500||
|||11,500||
|T~Ch
h|
|---|
|Direct costs|
|Support costs|
|Trading costs|
|Unrestricted|Unrestricted|
|---|---|
|funds|funds as|
||restated|
|2022f|2021|
|287,689|158,078|
|636,541|472,795|
|924,230|630,873|
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|||Training|Training|
|---|---|---|---|
||||as restated|
|||2022|2021|
|Depreciation||380|505|
|Direct costs||48,569|16,337|
|||48,949|16,842|
|Share of support costs (see note 11)||23,033|5,216|
|Share ofgovernance|costs (see note 11)|6,227|2,700|
|||78,209|24,758|
##
|||Training|Training|
|---|---|---|---|
||||as restated|
|||2022|2021|
|||6|6|
|Depreciation||380|505|
|Direct costs||77,720|71,525|
|||78,100|72,030|
|Share of support costs (see note 12)||23,033|5,216|
|Share ofgovernance|costs (see note 12)|8,877|9,700|
|||110,010|86,946|
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|Support|costs —C|onsolida|ted||||||
|---|---|---|---|---|---|---|---|---|
||||Support|Governance|2022|Support|Governance|2021|
||||COSta|COS'tS||COStS|COStS||
||||8|6||8|8||
|Staff costs|||456,234||456,234|336,802||336,802|
|Depreciation
and|||||||||
|(profit)/loss|on disposal||3,443||3,443|1,566||1,566|
|Premises|expenses||24,047||24,047|5,606||5,606|
|Insurance|||6,715||6,715|3,875||3,875|
|Computer|running|costs|35,686||35,686|21,513||21,513|
|Motor and|travel||||||||
|expenses|||41,136||41,136|34,543||34,543|
|Subscriptions
and|||||||||
|publications|||1,772||1,772|5,280||5,280|
|Printing,
postage,|||||||||
|stationery|and||||||||
|advertising|||9,290||9,290|10,200||10,200|
|Irrecoverable
VAT|||25,599||25,599|14,011||14,011|
|Other costs|||12,593||12,593|7,429||7,429|
|Audit and|accountancy|||12,412|12,412||7,770|7,770|
|Legal and|professional||||||||
|fees||||11,314|11,314||7,554|7,554|
|Consulting|fees|||25,560|25,560||24,562|24,562|
||||616,515|49,286|665,801|440,825|39,886|480,711|
|Analysed|between||||||||
|Trading|||593,482|43,059|636,541|435,609|37,186|472,795|
|Charitable|activities||23,033|6,227|29,260|5,216|2,700|7,916|
||||616,515|49,286|665,801|440,825|39,886|480,711|
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|Support|costs —Trust|||||||
|---|---|---|---|---|---|---|---|
|||Support|Governance|2022|Support|Governance|2021|
|||COSta|COS'tS||COStS|COStS||
|||6|E||6|6|6|
|Premises|expenses|15,729||15,729|5,215||5,215|
|Marketing|and promotion|||||||
|ofengineering||6,932|2,650|9,582||7,000|7,000|
|Other costs||372||372|||1|
|Audit and|accountancy||6,227|6,227||2,700|2,700|
|||23,033|8,877|31,910|5,216|9,700|14,916|
|Charitable|activities|23,033|8,877|31,910|5,216|9,700|14,916|
##
##
|The average
monthly
numbe|r ofemployees
for the group during the year wa|s:||
|---|---|---|---|
|||2022|2021|
|||Number|Number|
|||12||
|The trust had no employees|during the current and previous year.|||
|Employment
costs||2022|2021|
|||6||
|Wages and salaries||369,949|266,881|
|Social security costs||34,472|27,653|
|Other pension costs||18,534|29,746|
|||422,955|324,280|
##
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|16|Tangible fixed assets —Consolidated|Tangible fixed assets —Consolidated|Tangible fixed assets —Consolidated|||||
|---|---|---|---|---|---|---|---|
|||||Leasehold|Plant and|Fixtures and|Total|
|||||Improvements|ertulpment|fittings||
|||||6|F.|6||
||Cost|||||||
||At 1 September 2021||||14,712|13,046|27,758|
||Additions|||22,165|2,889||25,054|
||Disposals|||||(554)|(554)|
||At 31August|2022||22,165|17,601|12,492|52,258|
||Depreciation|and impairment||||||
||At 1 September 2021||||10,038|9,099|19,137|
||Depreciation|charged|in the year|1,205|1,780|728|3,713|
||Eliminated
in|respect|ofdisposals|||(444)|(444)|
||At 31August|2022||1,205|11,818|9,383|22,406|
||Carrying
amount|||||||
||At 31August|2022||20,960|5,783|3,109|29,852|
||At 31August|2021|||4,674|3,947|8,621|
|17|Tangible fixed assets —Trust|||||||
|||||||Fixtures and fittings||
||||||||5|
||Cost|||||||
||At 1 September 2021||||||7,250|
||At 31August|2022|||||7,250|
||Depreciation|and impairment||||||
||At 1 September 2021||||||5,730|
||Depreciation|charged|in the year||||380|
||At 31August|2022|||||6,110|
||Carrying
amount|||||||
||At 31August|2022|||||1,140|
||At 31August|2021|||||1,520|
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|Fixed asset invest|ments
—Trust||||
|---|---|---|---|---|
|||||Other|
|||||investments|
|Cost or valuation|||||
|At 1 September 2021 8 31August 2022||||160,000|
|Carrying
amount|||||
|At 31August 2022||||160,000|
|At 31August 2021||||160,000|
||||2022|2021|
|Other investments|comprise:|Notes||6|
|Investments
in subsidiaries||19|160,000|160,000|
|Name ofundertaking|Name ofundertaking|Registered|Nature of business||Class of|% Held|
|---|---|---|---|---|---|---|
|||office|||shares held|Direct Indirect|
|Engineering|Trust Training|11 Wedgwood|Delivery apprenticeships|and|Ordinary|100.00|
|Limited||Road, Bicester,|training||||
|||Oxfordshire,|||||
|||OX26 7DY|||||
##
|Debtors —Co|nsolidated|||
|---|---|---|---|
|||2022|2021|
|Amounts
falling due within one year:||||
|Trade debtors||76,998|81,753|
|Other debtors||10,000|9,150|
|Prepayments|and accrued income|55,117|17,958|
|||142,115|108,861|
##
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|De tl'tora —Till|s't||||
|---|---|---|---|---|
||||2022|2021|
|Amounts
falling due||within one year:|||
|Other debtors||||2,163|
|Prepayments|and accrued income|||2,000|
|||||4,163|
|Creditors: amounts||falling due within one year —Consolidated|||
||||2022|2021|
|||||6|
|Other taxation|and social security||47,931|14,782|
|Trade creditors|||114,146|35,082|
|Other creditors|||25,024|29,680|
|Accruals and deferred||income|55,787|13,681|
||||242,888|93,225|
##
|23|Creditors: amounts|falling|due within one year- Trust|||
|---|---|---|---|---|---|
|||||2022|2021|
||Other taxation and social security|||27,659||
||Trade creditors|||582||
||Amounts
owed to subsidiary||undertakings|9,898||
||Accruals and deferred|income||5,250|2,900|
|||||43,389|2,900|
##
||2022
F|2021f|
|---|---|---|
|Within one year|44,553|23,270|
|Between two and five years|165,870|22,320|
|In over five years|6,667||
||217,090|45,590|
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|28|Cash generated
from|operations|—Consolidated|—Consolidated|—Consolidated||2022|2021|
|---|---|---|---|---|---|---|---|---|
|||||||||6|
||Deficit for the year||||||(179,009)|(60,941)|
||Adjustments
for:||||||||
||Investment
income recognised
in statement||||offinancial|activities|(138)|(51)|
||Loss on disposal oftangible fixed assets||||||110||
||Depreciation
and impairment
oftangible|||fixed assets|||3,713|2,171|
||Movements
in working|capital:|||||||
||(Increase)
in debtors||||||(33,254)|(28,238)|
||Increase
in creditors||||||149,663|29,551|
||Cash absorbed
by operations||||||(58,915)|(57,508)|
|29|Analysis ofchanges|in net funds|||||||
||The group had no debt|during the year.|||||||