|**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|





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|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|





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|||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|





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|-|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|





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|**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|





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||||||**Restricted**|Restricted|Restricted|Total Funds|
|---|---|---|---|---|---|---|---|---|
||||||**Funds 2022**|Funds|2021|2021|
||||||£||£|£|
|Roof expense||||||181,230||181,230|
|**6.**<br>**Costs of charitable activities **||**- by activity**|||||||
||**Staff **|**Costs**|**Support**||**Total Funds**|**Staff Costs**|**Support**<br>**Total**||
|||**2022**|**Costs **|**2022**|**2022**|**2021**||**Costs**<br>**Funds 2021**|
|||||||||**2021**|
|||£||£|£|£||£<br>£|
|Trainingcourses|462,810||1,361,679||1,824,489|702,906|814,789<br>1,517,695||
|Other Expenditure|||||||181,230<br>181,230||
||**702,906**||**996,019**||**1,698,925**|**702,906**|**996,019**<br>**1,698,925**||
|**7.**<br>**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.**<br>**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|





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|**11.**<br>**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|



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|||**2022**|`2021`|
|---|---|---|---|
|||**No**|No|
|Delivery|staff|**8**|8|
|Support|staff|**11**|11|
|||**19**|`19`|



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|**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|



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|**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|



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|**14.**<br>**Investments**|
|---|
|**Company**|




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||**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|||





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|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|



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||**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|





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||**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|



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||**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.**<br>**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**|





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||**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|