2022-07-31-accounts - Neta Training Trust

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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
	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

14. Investments
Company

	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)

			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