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2022-07-31-accounts
| Contents |
Pages |
| Report ofthe trustees |
3-11 |
| Independent auditor's reportto the Members and Trustees of NETA Training |
12-17 |
| Trust |
|
| Consolidated Statement of Financial Activities (includingthe consolidated |
|
| income and expenditure account) |
18 |
| Consolidated balance sheet |
19 |
| Charity balance sheet |
20 |
| Consolidated statement of cash flows |
21 |
| Notesto the financial statements |
22-36 |
| Company Registration Number: |
01273462 |
| Charity Number: |
294222 |
| Registered office: |
Pennine Ave North Tees Ind Est., Portrack Lane, |
|
Stockton on Tees, Cleveland, TS18 2RJ |
| Our advisers |
|
| Auditor |
RSM UK Audit LLP |
|
1 St James' Gate |
|
Newcastle Upon Tyne |
|
NEl 4AD |
| Bankers |
Barclays Bank |
|
49 High Street |
|
Stockton-on-Tees |
|
TS181AH |
| Solicitors |
Endeavour Partnership |
|
Westminster |
|
St Marks Court |
|
Teesdale Business Park |
|
Stockton on Tees |
|
TS17 6QP |
|
|
Unrestricted |
Restricted |
Total Funds |
Unrestricted |
Restricted |
Total Funds |
|
|
2022 |
2022 |
2022 |
2021 |
2021 |
2021 |
|
Note |
£ |
£ |
£ |
£ |
£ |
£ |
| INCOME |
|
|
|
|
|
|
|
| Incomefrom charitable octivities: |
|
|
|
|
|
|
|
| Operation oftraining provision |
2 |
2,422,698 |
|
2,451,698 |
2,159,035 |
|
2,159,035 |
| Other income |
3 |
29,000 |
|
|
68,370 |
181,230 |
249,600 |
| TOTAL INCOME |
|
2,451,698 |
|
2,451,698 |
2,227,405 |
181,230 |
2,408,635 |
| EXPENDITURE |
|
|
|
|
|
|
|
| Expenditure on charitable activities: |
|
|
|
|
|
|
|
| Operation oftraining provision |
4 |
(1,828,195) |
|
(1,828,195) |
(1,517,695) |
|
(1,517,695) |
| Otheroperating expenses |
5 |
|
|
|
|
(181,230) |
(181,230) |
| TOTAL EXPENDITURE |
|
(1,828,195) |
|
(1,828,195) |
(1,517,695) |
(181,230) |
(1,698,925) |
| NET INCOME AND NET MOVEMENT IN |
|
|
|
|
|
|
|
| FUNDS FOR THE YEAR |
|
623,503 |
|
623,503 |
|
|
709,710 |
| RECONCILIATION OF FUNDS |
|
|
|
|
|
|
|
| Total funds brought forward |
21 |
249,827 |
|
249,827 |
(459,883) |
|
(459,883) |
| TOTAL FUNDS CARRIED FORWARD |
|
873,330 |
|
873,330 |
249,827 |
|
249,827 |
|
|
2022 |
2022 |
|
2021 |
2021 |
|
Note |
£ |
£ |
£ |
|
£ |
| FIXED ASSETS |
|
|
|
|
|
|
| Tangible assets |
13 |
|
567,425 |
|
|
634,746 |
| CURRENT ASSETS |
|
|
|
|
|
|
| Stocks |
15 |
15,908 |
|
15,089 |
|
|
| Debtors |
16 |
359,760 |
|
301,209 |
|
|
| Cash at bank and in hand |
|
885,205 |
|
314,670 |
|
|
|
|
1,260,873 |
|
630,968 |
|
|
| CREDITORS: amounts falling |
|
|
|
|
|
|
| due within one year |
17 |
(196,562) |
|
(187,871) |
|
|
| NET CURRENT ASSETS |
|
|
1,064,311 |
|
|
443,097 |
| TOTAL ASSETS LESS CURRENT |
|
|
|
|
|
|
| LIABILITIES |
|
|
1,631,736 |
|
|
1,077,843 |
| CREDITORS: amount falling |
|
|
|
|
|
|
| due after more than one year |
18 |
|
(758,406} |
|
|
(828,016) |
|
|
|
873,330 |
|
|
249,827 |
| FUNDS |
|
|
|
|
|
|
| Unrestricted income funds |
21 |
|
873,330 |
|
|
249,827 |
| TOTAL FUNDS |
|
|
873,330 |
|
|
249,827 |
|
|
2022 |
2022 |
|
2021 |
|
Note |
£ |
£ |
£ |
£ |
| FIXED ASSETS |
|
|
|
|
|
| Tangible assets |
13 |
|
567,425 |
|
634,746 |
| Investments |
14 |
|
|
|
|
|
|
|
567,425 |
|
634,746 |
| CURRENT ASSETS |
|
|
|
|
|
| Stocks |
15 |
15,908 |
|
15,089 |
|
| Debtors |
16 |
359,760 |
|
301,209 |
|
| Cash at bank and in hand |
|
885,205 |
|
314,670 |
|
|
|
1,260,873 |
|
630,968 |
|
| CREDITORS: Amounts |
|
|
|
|
|
| falling due within one year |
17 |
(196,562) |
|
(187,871) |
|
| NET CURRENT ASSETS |
|
|
1,064,311 |
|
443,097 |
| TOTAL ASSETS LESS |
|
|
|
|
|
| CURRENT LIABILITIES |
|
|
1,631,736 |
|
1,077,843 |
| CREDITORS: Amounts |
|
|
|
|
|
| falling due after more than |
|
|
|
|
|
| one year |
18 |
|
(758,406) |
|
(828,016) |
| NET ASSETS |
|
|
873,330 |
|
249,827 |
| FUNDS |
|
|
|
|
|
| Unrestricted incomefunds |
|
|
873,330 |
|
249,827 |
| TOTAL FUNDS |
|
|
873,330 |
|
249,827 |
|
Note |
2022 |
2021 |
|
|
£ |
£ |
| Cash generated from operating activities: |
27 |
640,146 |
393,609 |
| Cash flows from investing activities: |
|
|
|
| Paymentsto acquire tangible fixed assets |
|
|
(49,638) |
| Proceedsfrom sale of asset |
|
|
|
| Cash used in investing activities |
|
|
(49,638) |
| Cash flows from financing activities: |
|
|
|
| Repayment of hire purchase creditor |
|
|
|
| Repayment of other borrowings |
|
(69,611) |
(70,923) |
| Cash used in financing activities |
|
(69,611) |
(70,923) |
| Increase in cash and cash equivalents in the year |
|
570,535 |
273,048 |
| Cash and cash equivalents at the beginning ofthe year |
|
314,670 |
41,622 |
| Total cash and cash equivalents at the end of the year |
|
885,205 |
314,670 |
| - |
New building |
60 years |
| - |
Leasehold building |
Period of lease |
| - |
Fixtures and fittings |
10 years |
| - |
Furniture and general equipment |
7 years |
| - |
Major IT systems |
7 years |
| - |
Vehicles and plant |
5 years |
| - |
Computer and ILT equipment |
3 years |
| - |
Software |
3 years |
| 2. |
**Income from Operation of ** |
training provision |
training provision |
|
|
|
|
|
Unrestricted |
|
Total Funds |
Unrestricted |
Total Funds |
|
|
Funds 2022 |
|
2022 |
Funds 2021 |
2021 |
|
|
£ |
|
£ |
£ |
£ |
| Income from Training courses |
|
2,451,698 |
|
2,451,698 |
2,159,035 |
2,159,035 |
| 3. |
Other income |
|
|
|
|
|
|
|
Unrestricted |
|
Restricted |
Unrestricted |
Total Funds |
|
|
Funds 2022 |
|
Funds 2021 |
Funds 2021 |
2021 |
|
|
|
£ |
£ |
£ |
£ |
| Capital grant |
|
|
|
181,230 |
|
181,230 |
| Job |
Retention Scheme |
|
|
|
68,370 |
68,370 |
| Total Other income |
|
|
|
181,230 |
68,370 |
249,600 |
|
|
|
Unrestricted |
Unrestricted |
Total Funds |
|
|
|
Funds 2022 |
Funds 2021 |
2021 |
|
|
|
£ |
£ |
£ |
| Costs |
ofTraining |
courses |
1,828,195 |
1,517,695 |
1,517,695 |
|
|
|
|
|
Restricted |
Restricted |
Restricted |
Total Funds |
|
|
|
|
|
Funds 2022 |
Funds |
2021 |
2021 |
|
|
|
|
|
£ |
|
£ |
£ |
| Roof expense |
|
|
|
|
|
181,230 |
|
181,230 |
6.
**Costs of charitable activities ** |
|
- by activity |
|
|
|
|
|
|
|
**Staff ** |
Costs |
Support |
|
Total Funds |
Staff Costs |
Support
Total |
|
|
|
2022 |
**Costs ** |
2022 |
2022 |
2021 |
|
Costs
Funds 2021 |
|
|
|
|
|
|
|
|
2021 |
|
|
£ |
|
£ |
£ |
£ |
|
£
£ |
| Trainingcourses |
462,810 |
|
1,361,679 |
|
1,824,489 |
702,906 |
814,789
1,517,695 |
|
| Other Expenditure |
|
|
|
|
|
|
181,230
181,230 |
|
|
702,906 |
|
996,019 |
|
1,698,925 |
702,906 |
996,019
1,698,925 |
|
7.
Analysis of support costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Funds |
|
Total Funds |
|
|
|
|
|
|
|
2022 |
|
2021 |
|
|
|
|
|
|
£ |
|
£ |
| Other staff non-teaching costs |
|
|
|
|
|
9,802 |
|
3,118 |
| Agency staff costs |
|
|
|
|
|
186,859 |
|
189,754 |
| Premises expense |
|
|
|
|
|
198,253 |
|
199,680 |
| Vehicle costs |
|
|
|
|
|
9,626 |
|
8,914 |
| Teaching costs |
|
|
|
|
|
208,946 |
|
207,535 |
| Non-teaching costs |
|
|
|
|
|
495,521 |
|
82,640 |
| Depreciation |
|
|
|
|
|
63,616 |
|
74,180 |
| Interest costs |
|
|
|
|
|
62,890 |
|
61,994 |
| Other recharges |
|
|
|
|
|
126,166 |
|
(13,026) |
| Roof expense |
|
|
|
|
|
|
|
181,230 |
| Total |
|
|
|
|
1,361,679 |
|
|
996,019 |
8.
Net Outgoing Resources for the Year |
|
|
|
|
|
|
|
|
| This is stated aftercharging: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2022 |
|
2021 |
|
|
|
|
|
|
£ |
|
£ |
| Interest payable on finance leases |
|
|
|
|
|
62,890 |
|
61,994 |
| Depreciation-owned assets |
|
|
|
|
|
25,916 |
|
34,918 |
| Depreciation-assets held on hire |
|
purchase |
|
|
|
37,700 |
|
39,262 |
| Loss on disposal offixed assets |
|
|
|
|
|
3,707 |
|
|
| Auditors' remuneration: |
|
|
|
|
|
|
|
|
| -audit ofthe financial statements |
|
|
|
|
|
7,000 |
|
6,300 |
11.
Staff Costs and Remuneration |
|
|
| Total staff costs were as follows: |
2022 |
2021 |
|
£ |
£ |
| Wages and salaries |
402,372 |
611,898 |
| Social security costs |
34,641 |
51,510 |
| Other pension costs |
25,797 |
39,498 |
|
462,810 |
702,906 |
|
|
2022 |
2021 |
|
|
No |
No |
| Delivery |
staff |
8 |
8 |
| Support |
staff |
11 |
11 |
|
|
19 |
19 |
| Group |
Freehold |
Leasehold |
Motor |
Equipment |
Total |
|
property |
property |
vehicles |
|
|
|
£ |
£ |
£ |
£ |
£ |
| COST |
|
|
|
|
|
| At 1 August 2021 |
19,677 |
1,117,101 |
|
676,046 |
1,812,824 |
| Additions |
|
|
|
|
|
| Disposals |
(14,587) |
|
|
(195,957) |
(210,544) |
| At 31 July 2022 |
5,090 |
1,117,101 |
|
480,089 |
1,602,280 |
| DEPRECIATION |
|
|
|
|
|
| At 1 August 2021 |
16,368 |
621,671 |
|
540,043 |
1,178,082 |
| Charge forthe year |
1,018 |
39,262 |
|
23,336 |
63,616 |
| On disposals |
(12,296) |
|
|
(194,541) |
(206,837) |
| At 31 July 2022 |
5,090 |
660,933 |
|
368,838 |
1,034,861 |
| NET BOOK VALUE |
|
|
|
|
|
| At 31 July 2022 |
|
456,167 |
|
111,252 |
567,419 |
| At 31 July 2021 |
3,309 |
495,430 |
|
136,003 |
634,746 |
| Company |
Freehold |
Leasehold |
Motor |
Equipment |
Total |
|
property |
property |
vehicles |
|
|
|
£ |
£ |
£ |
£ |
£ |
| COST |
|
|
|
|
|
| At 1 August 2021 |
19,677 |
1,117,101 |
|
676,046 |
1,812,824 |
| Additions |
|
|
|
|
|
| Disposals |
(14,587) |
|
|
(195,957) |
(210,544) |
| At 31 July 2022 |
5,090 |
1,117,101 |
|
480,089 |
1,602,280 |
| DEPRECIATION |
|
|
|
|
|
| At 1 August 2021 |
16,368 |
621,671 |
|
540,043 |
1,178,082 |
| Charge for the year |
1,018 |
39,262 |
|
23,336 |
63,616 |
| On disposals |
(12,296) |
|
|
(194,541) |
(206,837) |
| At 31July 2022 |
5,090 |
660,933 |
|
368,838 |
1,034,861 |
| NET BOOK VALUE |
|
|
|
|
|
| At 31 July 2022 |
|
456,167 |
|
111,252 |
567,419 |
| At 31 July 2021 |
3,309 |
495,430 |
|
136,003 |
634,746 |
|
Total Funds |
Total Funds |
| Unrestricted funds |
2022 |
2021 |
|
£ |
£ |
| Group undertakings |
o |
o |
|
Country of |
Holding |
Proportion |
Nature of |
|
registration |
|
of voting |
business |
|
and operation |
|
rights held |
|
| Subsidiary Undertakings: |
|
|
|
|
| NETA Enterprises Limited |
England |
Ordinary |
100% |
Dormant |
| (CRN: 02448095) |
|
Shares |
|
|
| summarised as follows: |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Turnover |
|
|
| Total expenditure |
|
|
| Net gain/loss for the year |
|
|
| The assets and liabilities of NETA Enterprises Limited were: |
|
|
| Assets |
|
|
| Liabilities |
(82,246) |
(82,246) |
| Net liabilities |
(82,246) |
(82,246) |
|
|
Group |
|
Company |
Company |
|
2022 |
|
2021 |
2022 |
2021 |
|
£ |
|
£ |
£ |
£ |
| Stock |
15,908 |
|
15,089 |
15,908 |
15,089 |
|
Group |
Group |
Company |
|
|
2022 |
2021 |
2022 |
2021 |
|
£ |
£ |
£ |
£ |
| Trade Debtors |
132,441 |
30,855 |
132,441 |
30,855 |
| Amounts owed by group |
|
|
|
|
| undertakings |
45,898 |
105,421 |
45,898 |
105,421 |
| Other debtors |
181,421 |
164,933 |
181,421 |
164,933 |
|
359,760 |
301,209 |
359,760 |
301,209 |
|
Group |
|
Company |
Company |
|
2022 |
2021 |
2022 |
2021 |
|
£ |
£ |
£ |
£ |
| Trade creditors |
16,384 |
66,593 |
16,384 |
66,593 |
| Othertaxation and social security |
990 |
14,600 |
990 |
14,600 |
| Othercreditors |
70,923 |
70,923 |
70,923 |
70,923 |
| Accruals and deferred income |
107,031 |
35,520 |
107,031 |
35,520 |
| Amounts owed to group undertaking |
1,234 |
235 |
1,234 |
235 |
|
196,562 |
187,871 |
196,562 |
187,871 |
|
Group |
|
Company |
Company |
|
2022 |
2021 |
2022 |
2021 |
|
£ |
£ |
£ |
£ |
| Othercreditors |
758,406 |
828,016 |
758,406 |
828,016 |
|
758,406 |
828,016 |
758,406 |
828,016 |
|
At 1 August |
Incoming |
Outgoing |
Balance at |
|
2021 |
resources |
resources |
31 July 2022 |
|
£ |
£ |
£ |
£ |
| General Funds |
249,827 |
2,451,698 |
1,828,195 |
873,330 |
| Restricted |
|
|
|
|
| Total |
249,827 |
2,451,698 |
1,828,195 |
873,330 |
22.
Analysis of Net Assets between funds |
|
|
| Group |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Tangible fixed assets |
567,425 |
634,746 |
| Net current assets/(liabilities) |
1,064,311 |
443,097 |
| Long term liabilities |
(758,406) |
(828,016) |
|
873,330 |
249,827 |
| Company |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Tangible fixed assets |
567,425 |
634,746 |
| Net current assets/(liabilities) |
1,064,311 |
443,097 |
| Long term liabilities |
(758,406) |
(828,016) |
|
873,330 |
249,827 |
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
| Amounts |
payable |
within 1 year |
70,923 |
70,923 |
| Amounts |
payable |
between 2 to 5 years |
283,692 |
283,692 |
| Amounts |
payable |
after 5 years |
474,714 |
544,324 |
|
|
|
829,329 |
898,939 |
|
2022 |
2021 |
|
£ |
£ |
| Net movement in funds |
623,503 |
709,717 |
| Add back depreciation charge |
63,616 |
74,180 |
| Loss on disposal offixed asset |
3,706 |
|
| Decrease (increase) in stock |
(819) |
273 |
| Decrease (increase) in debtors |
(58,550) |
(45,471) |
| Increase (decrease) in creditors |
8,691 |
(345,090) |
|
640,147 |
393,609 |