Chaiity r•gislTrlion numb•r 298851 (England •rnd Wal•s) Company regi5trati¢)n nwnber 01760271 WEST BERKSHIRE TRAINING CONSORTIUM ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 11111 1111 *TY1F5. 1210112026 COMPANIES HWSE
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WEST BERKSHIRE TRAINING CONSORTIUM LEGAL AND ADMINISTRATIVE INFORMATION N Muir AJ Bravo N L Penfound (Appointed 1 May 202$) IAppJinted 1 Dec*mber 2024) S•¢rntsry C Mind)er Chartty numb•r{England and Walesl Company numb•r 01760271 R•gist•r•d oifice Consortium House 7 Chèap Street Newlxjry Berkshire RG14 SDD Audltor Alb)tts LLP 3 London Squa Cross Lan&s GU1 1UJ Bankers Lbyds Bank PIC BrKlge Streel Newbury RG14 58Q Sdieitovs 20 Wesl Mills Newbury Bethshire RG14 5HG
WEST BERKSHIRE TRAINING CONSORTIUM CONTENTS Twslees. rep1 Statement of Trustees. restwhsibith"e$ Independenl w113 Teport Slalement offinawal ath"vth$ 10 Balance sheet 11 Stalement ol cash flows 12 Notes to th¢ finawal stslement$ 13-22
WEST BERKSHIRE TRAINING CONSORTIUM TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 JULY2025 Trustee$ present th1 annual rewl and finarKAd Ststements for the year ended 31 JY 2025. Th& fmaniid statements have been wepartd in Co[dance with the ¥C¢¥)unting policiès sèt out In notg 1 to the finanual statements and cornply with Ihe Chanvs t1eed of Irusl. the CoMpanS Ad 2C¢J6 and 'A¢¢ounting and ReporfirvJ by Charilies.. Ststemenl of RecommeThJed Prndice applKatle lo charib'es preparing their accA)unts in a¢cofdance with the Finan¢ial R8porting Standard appkable in the VK and Reput4ic of lieland IFRS 1021 (effective 1 January 2019)" Obje¢tiv•$ •nd aetivitles The objects of the charty are lo thance edu¢atiM. poitiaAarty the edurtion of young persons (induthng the educalion of unemployed youn9 persons), thfough Ihe prowsp)n of woth experierTr¢e. vo¢ab"onal educatKJn. appfenticeships and other servi($ a$ twoukl enablè peTrons to a¢>wire $kn"Ibs to secur8 •mrnan1 or"advance their careers. Contra¢ts The Charity continue5 to be on the Register of Approved TrainiThJ Prowders IRoATP} for the delivery of Apprenticeships and CtraS dwedty with employèrs to delNer this pro¥isTron. WBTC also ttjntraets wth the Department for Education for fvnding su¢h as Study PTaMme5. In addrtion tc this. Ihe Charity has been operating other contr8¢ts that offer trainin9 related revenue. The combmalion of al of Ihese contracts has enabl8d the Charity to provide a diversè range of OPF4Munities in leamirvJ and to people of all ages. Publ1¢ tsefft rnporllng In planning aclivities for the year. W6TC has kept in md the Charity C¢)mrnissitsn'$ guthn¢e on Pubh¢ Benefil. The focu5 of tsur remains the advancèment of indNrduab and employtfs in order to wnprovè vocational thlls, knowlèdgè and havIoUrs, which in tum wll contribute lo th the ljcal and national economy. The activrties listed below have directly helped young people into jobs and sustained their employabdty through promotion, added responsibilty or high leaming opportunibe5. W6TC's primary focus is within Berkshire and extends to the Thames ValY region bul. where a need is est¥hed, WoThJ area. Our Mission are dedi¢ated to enriching Irves, transfomiing careers and improving the econLYnic and social wal1ng of our communities. We emptrwer individuals through bn'¢Jging skills gaps, develon9 knowledge and o)nfidence through high quahty tailored study programmes. apprenbce5hys c4xnmeTual training. Our maln ObtIveS 1. Support ywng people. espeoaly those disadvantsyd disenga9ed through study programmes to help build a brighter future. 2. Promote apprentr'ceships wth young people and support employers to upskill their current work forc8. 3. Evolve the organisation to reduce skil gap5 of bcal and nalional employers. 4. Promote a supportive and 5ustsinabie work enwronment for our employees in which they are encouraged lo develop Ihwr skims and feel valued. 5. Instilling sew-confidence and sell-belef in peo have bee¢me aLyxslomed to 81ienab.on and disappointment 1$ CO to enaNirtg Change. A¢hi•v•ments and p¢rfomwn¢¢ Apprnntic•ghip & Commercial Progrnmme* TC'S rmMitment to our leamer and ernOYer partners through high qualty apprenticeship programmes can be evNJenced through achievement rales that are again signfficanlty above the natThal average. In 24125, 78.1 % a¢hitived their apprenticeship again51 a national average of 60.5%. Twstee's and the senior management team mainlain rts strategic objective of achievement rates to be 10% above Ihe national average. Directly deliverèd apprenticeships numbers grew in 24r25. however. overall numbers decreased providing a dear target for 2025r26 10 in¢rw¢ th¢ number of employers we wwk wrth and y"MatelY. ease apprenticeship numbers.
WEST BERKSHIRE TRAINING CONSORTIUM TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Study Progrnmm•s The Stuty Pro9ramme perftsrmed Urer aifocation in 2Y24. WBTC $T an increased number of learners remaining with their sthool in to year 12 in the local area. Business plannir#J has been implemènted to improve perfomiance in 24125. A r post, Study Pfogramme I Woth Experien Tutor wa5 uealed improve bpamer acL5S to work experience and per50n81 development. whr¢h ha5 had posit Impa as reported by ovr leamets and their parents. The Study Programme. whilst small in number. is vrtalfy important to our ¢harrtablè aim of supFwytir¥J 16-18 year old NEETS in the lo¢ area and the board are keen lor Ihe prO$10n to gmw to impact more lives. Financlal r•vièw Fin•nclal position For the year ending Jdy 312025 the Chanty has reptyted o surylus 01£599.12024". £93.2&11 In¥•stsn•nt poli¢y •nd p•rlomwn Cash balances ramained sleady with feser¥es of £282.505 {2024' £270.8161 held in Newbury Bulk19 Society £112,03012024'. £156,81) in Cufrent accounts as of Juty 312025. R•s•r¥•s poll¢y The Board of Truslees has considered the adequacy of reseNes held by the compary. in line with the Charity Commission guidance and concur that the level of reserves 15 suffioent to meet the comparw's responsibililh?s in tho short lemi. In furtherarKe ofthe Charis obJe¢b"ves. the reserves policy oflhe (¥mpany is designed Its.. Pmled thè busesS from risk of insolvèncy or SeS thsruplion to ils thaiilablè work. Prowde secunty against the peaks and trwghs of WK>)me affetaed by busiess downlum or Changes in government policy Provide sufficient funds to invest in Capita irrfrastwdure resour¢e8 for the teffl of leamers to undertake trwning. Risk Managemont The TrusteeslDirectors have assass•d the major risks io the Charity is exposed. in pallicur those rdatsd lo its oper8ts.on and finances, and are satisfed that the syslems are in place to mtyate exposure lo major risks. The TtysteeslDirectors wil evaluate current levds of resource5 and workirrfJ pracce5 in line with govemment funding available for 2025-2026 and this 15 assessed as 9)d in line Tith DFE fmanryal ¢cfflpliance. To build lh• lound¥b"ons 9rolh. Ihe Ch•iity is Tworknng on the folrmring xiths'. . Further rethjce subcontracted pThion in apprenticeships focus bu5ingss d8vdc+pment on inlemaly delryered programme$ to improve margin In¢rease commercial offer to develop a wder rAstoryr base Identify new fvndablt programmes to meel tt need$ of thp regK>n Grow the Sludy Programme numbets through . Incre8se bKldin9 actity for wtsal. kncal and seth lerJers StrucWre. gov•rnanc and fflanag•mMt The Chanty 15 controlled by rts goveming ¢lo¢vment. a deed of Ill, and consblutes a limiled company, limiled by guarantée. as def1 by thè Comp8niesAct 2Cth. W8TC is a registered Charity based in fftst BertShI owated under the lerms of its Memorandum and "¢les as in¢worated 1Crth Odobef 1983. The princ4pal objective of the Chanty K". 'To impact lo¢al and Mdor comnRumbs wh&rn ac¢essible. kngh 17ualify trnrthng unlocks potenli and drives posthye ¢hanp. WB TC Is dw•loplng talen4 shwng lh• fulurn-.
WEST BERKSHIRE TRAINING CONSORTIUM TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 The Trustees, who are ¥lso Ihe dire¢ltys ft>r the purpose of&ynpany law. and served during th¢ year and up lo the date of Signatu ofthe financial statèments wwe: N Mvir T Sandford T IMck$teed A J Bravo A Mohammed N L P8nltsund l Davies A Clarke {Reggrd 24 Septembef 2024) (Resigned 24 September 2024) Apponted 1 May 20251 (Appo#)ted 1 t)ecemb¢r 2024) cwilmenl and apwntm8nt oftrnstees The managernent ol the Charity is thè fè5ponsiblity of the Truste who are elethd and Caxlpted unJer the terms ofth& Trust deed. Oryanis•tion•l $lrueturn and d•clsloTrm4ing pokl•s The TruSt8eslrectOrs meet as a minimum bMonthly. along with the Execjjtive Difector. Direct of Training and ihe Director of Finance and operations lo oversee the Strateg direction of the company. The Director of Finance and Operatins is also the company secrew. Inductlon and trainiThJ of Irust8es Twusltres. receive the following d¢J(xJmenlatkin prior to commerKement: Induction wograrnme induding organisation chart Charty CoMmissn booklet- Re5ponwtslities of Truslees . Memorandum antl Artides ofAssotsatwi (MAAI. a govamance th¢Uml Mi a¢cLYdar the Charl$ Aci 1993 ALtdiled Year End accounts Vatest) Minutes of last AGM and Board Minutes Managemenl Report of ¢urrent contrads . Latest Ofsted Report. SeKAsse$5rnent Report 8fbJ Quality Improvem Plan . They al undertakè tr3iThThJ on lh¢ fol¢wry ¢ouw". The Essential Trustee and GoNwnan¢e in Prtice- 2020 Programme-. Remuneration policy Otherrypatt&rs Remunèration of employees and key managemenl personnel is disoJssed and set * trustees. meetings. Detail$ for remuneration for the year ended 31$1 2025 are sel out in note 11 to the finanaal statements. Rel•tsd party relation$hips Should a conflict of interest artse Truslees are required lo de¢l¥e irterest al a formal meeling, which will be mlnuied. ff the issue is related lo payment the Tnjstee offering a seThe ofwork outside the agreed out of pc¢ket expenses. a Vole wil be taken by the remaining Trustees as to rts appTopwiatene5S- this will exdude the Trustee question. Ifaccept¢d, a dedaration rewesl wbll be senl to th¢ Charity Cornmisn for approval. Audltar In accordance wilh the companys artK4e$. a r•solulJn proposw¥J that Aj01t5 LLP be reappclnted as auditor of the company will be pui at a Genera Meeting. Each of the Trustees has confirmed that there is no information of vthich Ihey ale awa whith is relevanl lo the audii, bul of which the auditor is unaware. They have furlher conffim)ed that they have taken approwiate step$ lo idenlfy suth r8levant information and lo estalish that the auditor is aware of such irrfcrna1n.
WEST BERKSHIRE TRAINING CONSORTIUM TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY2025 The Trustees. report was appro%*d by Ihe Board of Ttees. .AWhoDy.&Avll4kn.2S.2Q25. 2.Otyn) AJ Bravo Chair 25 Nov 2025
WEST BERKSHIRE TRAINING CONSORTIUM STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 JULY2025 The TW${S. who are also the directors of West Bethshire Training Consortpjm for the of company law, are rèsponsible for preparing the Trustees. Rep)rt and the fmanaal slatements in accordarTrce wilh appluble law and United Kingdom Accounting Slandards IUnTted Ktngdom GeneraltyAccepted ACcnting Practice). Company law requires the Twstee5 lo kwre firiarwl $LilenlIS kn th7ch finantsal year whv gr a true and fair view of the slate of affairs of the Charity and of the incoming resources and applution of resourc$. induding the irKome and expenditure, ofthe thaFitsblo COmpY forlhai yw. In preparing these finanrial statements, th• Tru$lees are required lo: - s¢le¢t $urtaWe aCVAhn9 polKies then apply them constenty." - ot)sèrv8 the methods and pnneleS in the Chanties SORP". - make judgements and estimates that are reasonabk and prudent- state whethèr apwicable UK Accounting Slandards have been fdkhved. sutlect lo any material departures disclosed and explained in the financAal slatements.. and - prepare the financial statements on the going concem I)aS lesS it is roppropnate to pre5unp thal the Charity will contU in operath. The Trustees are responsible for keeping adequate accounb.ng rec¥rds that disdose wilh reasonablo •¢¢ura¢y at any lime the finan¢ial positi.on of thè chrtY and enable them to ensure that the finanaal statemerts eompty with the Companies Aci 20L. They are also responble for safeguarding the assets of the Charrty and hee for taking asonable steps lor the pre11 aThl dete(aion clfraud aTrJ other wregULti
WEST BERKSHIRE TRAINING CONSORTIUM INDEPENDENT AUDrroR'S REPORT TO THE TRUSTEES OF WEST BERKSHIRE TRAINING CONSORTIUM OpEnlon We have audiled Ihe financi81 statements of Bethshire Training Consorlium (the 'Charty'} for the year ended 31 July 2025 whith Comprise the stalemeni of findla] aclwibes. the balat)ce sheèt. the statement ol ¢a$h flows and the notes to Ihe finanoal atements. induding a summary of $i9nthcant %covnlirrfJ politye$. Tha financial reporting fr8mewort that has been apptsèd in their preparatthi is applicable law and Unitèd Kin9dom Accountin9 Slandards. includin9 Finanaal Repon9 Standard 102 The Financial Reporting Standard apphcable in the UK and Rpul)h"¢ of Irgland {Unit8d Kingdom GenerallyAccepiedA¢u)unting PiactKel. In our opinfvjn, tho finanrial stalements.. give a true and fair view of the st8t¢ of the ¢harrtA• L)>YynYs affairs as at 31 Juty 2025 and of its inoyr#ng resources and applicatron of resourees, for thè year then endetl". have been property prepared in accord#rKe wth United Kingdom Generaly Ated A¢¢ounting Pra¢tKe'. and havg been prepared in the requirements ofthe COmlesA¢t 2(. Basls for opinion We Conducted 0r audit in accordance with Intemat)nal Standards on Auditing {UlQ {ISAs {UK)l and applicable law. Our responsibilitses under those slandards are fvrther desuibed the Authtofs responsibthlies for the authl ol ihe financial stat8mgnls 5e¢Aion of our report. are irhlependenl of fv Charity in accordance wrth the ethical r¢quiremen15 that are rdtvanl lo our audrt of the financial statements in the UK including the FRC'$ Ethical Stsndard. and we have fulfilled our olher ethical reSkWlSitMI"eS in aCrdance thesè rèquirements. We beliwe th the audit evid8nce we ha obta.ned is sufficient and appropriat• to prowde a b"S for our eoinion. Conclusions rnlating to going concern In auth.ting the financtal stateménls, we have con¢Mled that the Tnjstees. use of the ng concem basis of. accounting in the preparation ol the finala1 slalemenls is appropriate. Based on Ihe woth have wformed. we havè wjentsfied any maten.al uncertainties relatsng to events or condi11onS that, ityJividuaNy or ¢olWvèty. may cast snth¢ant doubt on Ihe CharlS abilty to continue as a going concèm for a period of at least tr*efve months from en the finarKial statements are authorised for issue. Our responsibilitie5 arKI the ¥SIbilitieS of the Trustees with 5[¢(1 to s¥)ing concem are described li the relevwrt seclity)$ of this féporL Oth•r Inlomiallon The Twusiees arè rèsponsible for the other inf0Mts"0n. The other inf¢)matitsn eomwses the informatitsn irbtludèd in the annual report. other than thè finan81 statements and our audrtor's report thereon. Our opinion on the financial statements does not coverthe ollw inforniaiion and we do not express any fomi of assurance nLIs1on thereon. In conneclion wrfh our audit ol the financial statements. r reS[bIl is to read the other infom)ation and, in doing so, consider whether the other infofmalion 15 malerialty inconsistent with the financAal statements OT our krhowledge obtained in the audit or otherwise appeals io be materialty mi55lated. If we idenb.fy such material in¢onsistenes or appartnt material missiatements, we are required to delemiine whelher Ihere 15 ¥ material mi55tatemenl in the finan¢ial stsiements ty a material misstatem1 of the other information. M, based on the work we have perfomed, we corldude that thérè is a material misstateft of this other infcrnbm. we arè required lo report that laet. We have nothing to report in this regard.
WEST BERKSHIRE TRAINING CONSORTIUM INDEPENDENT AUDrfoR'S REPORT (CONTINUED) TO THE TRUSTEES OF WEST BERKSHIRE TRAINING CONSORTIUM Matt•rs on fknich we requlred to report by •x¢pll¢ We have rthiftg to report in respeci of the fOlknng matters in relat)n to which the Charrltes (Accounts and Reptsrtsl Règulations 2008 requires us to report to you rf. in our opinion: the informalion 9iv¢n in Ihe fin¥nci¥l $tsl¢m¢nts 1$ incm5iStenl in any matsrial re5pecl with the Tru$t¢es' report.. or sufficient records have not been kepL Ihe finaA¢ial $tatem•nts are nol in agmement wtth the ae¢ounb"ng records,. or we have not received all the infoThnation and eNplanions we requife for our audfiL Responslblltti•$ of TN$tees A$ explained more fully in the statement of Twstees. responsiblties. the Tntee$, who are also the directors of the Charsty for the purpose of company law, are responsible for the preparation of the finaAal stateWntS and for being satisfied that they give a true and lair view. and for 5u¢ internal Ctroj a5 Ihe Twstees delermine is necessary lo enable Ihe preparalion d finaTrial statements that are free Irom rnal¢n"81 rrmsstatement. whether due lo fraud or error. In prèparing the ffinancial statements. the Trustees are responsible for assessing Ihe Charity's abilty to continue as a going corM. disdosing, as ap1¢able. matters rdaled to going (¥Jncem and using the going concem basis of aclouriling unles5 the Trustees either intend lo liquidate the (aritable wrpny ty to ¢ease operations, or have no reali5ti¢ altemab"v¢ but to do so. Audltorfs rnsponslbiliiies forthe audll of the finanGi•I statem•nts We have been appointetl as audf(or under 144 of the Chwibe$ Acl 2011 and rnport in accordarKe th¥ Act •rKI relevant regulations mad¢ c hwng effect ther•urr. Our objectives afe to obtain reasonable assurance aboul whether the finCial statements as a Who are fre• from material misstalement. whether due to fraud or error. and to issue an audil0rf5 report thal indudes our opinion. Reasonable assuranre is a hvJh level of asSUrar but is not a guarantee that an avdit conducted in a¢cDrdance with ISAS IUKI will always detecl 8 material misstatement when it exists. Misstatement5 can arise from fraud or error and are Condered m*erial if. indtVKlually or in Ihe a999¥te, ty could reasonably be expected lo influenc8 thè eo)nornic decisions of users taken on the bas of these financial statements. Irregularities, indudin9 fraud. are instances of nOn-¢crfnpliare with and regulaliws. We design procedures in 'ne with our r&$ponsibiliti•5. ouyined above. to dètèct material misstslements in speCt of irregularilie5. inrjuding fraud. The extenl to which our prtteduies are capable of dettth.ng irre9ulanties, inthding fraud, 1$ detailed below.
WEST BERKSHIRE TRAINING CONSORTIUM INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OFWEST BERKSHIRE TRAINING CONSORTIUM Ext¥nt to tthkh the audlt w•s consid•rnd Capable of detecllng inogul•rilies. Includ5ng fraud Our approach to identifying and assessing the risks of material rnis5tatement in respe( of IrregularitS, InchIng fraud and nonthcompliance with law5 ond regulatws. was as fdbws.. the engagement partner ensured that the engagement team colltclwdy had the appropriate competen, capabdrties arHJ sklls to idenbfy or re(gnIse norHyJmplian¢e wilh applicable laws arhd regulations., we identiffied the law$ and re9b"on5 applicawe to the ¢harrtable company throLigh thsatssions with trustees and other mana9ement. and from our kne19¢ and experience ofthe sector, we l¢¢used on swa.fic laws antj regulalb)ns which we considered may have a direct malerial effect on the finanual statements or the operalK)ns of thè charitable company, i[U19 safèguarding, Ofsted, DIE regulatory requirements, the Companies Act 20(. the Charities Act 2011. the Chanb"e$ SORP, taxation le9isIth"on, tlata protectKJn, an1bribry, èmF4oyment, environmental and hearth and safety legislation.. we assessed the extent of compliance wth the laws and regulatbons identified above through making enquiries of management and inspecltng kgal Correspondence.. arHI identifd laws and regulations communicated vilhin the audit team regularty and the team remained alert to insLinces of nonryctynptiarKe thrOu)ut the We asse55ed the sus¢eplibilrty of Ihe tharitsble compny'$ fffian¢ statemènts to rn#teri•l mi$$tstemenl, induding obtsining an understsndirwj of how fraud rnh1 ¢)ceur. by." making enquiries of management as to vthere they ConsKIe thete was susceptilty to fraud. the knowledge of actual. suspecaed and alleged fraud; and considering the intefnal controls in place lo rnitate risks of fraud and nOn-cLp11ance with laws and regulaliorK8. Audit respon¥¢ to ri$k¥ idÈntifi•d To address the risk of fraud Ihrough managèmènt bias and override ofcortrob. we". perfomied analytical procedures to wjenbfy any unusual or unexpecte(I ab"OnShYS.. reviewed all transacbons ftsteij". assessed whether judgements and assumpiMs made in determining the acCoting estimates were indicative of potential tsa5'. and • inve3lig•ted the r¥lionalÈ bthind gnI or urxtsual trans8¢1. In response lo the risk of irregul*rhes and nowthmp1rct Wbth laws and W&t$, we designed pro¢e¢Jures which included. bLrt were not limtied to.. agreeing financial statement disdosures to underfying supporting documentation: and enquirirvJ of management as lo actual and polents'al liti'gat and dalms. There are inheont limitation$ in our pToredLftS tbe abovè. The ffrf>Te removed Ihat laws arKI regulations are from finanoal transactK>n5. the Ipss likety il is thal we would become aware of rKTrcomplian¢e. Auditing standards also limit the audit procedu5 requireil to identfy non-compliance wrth l&vs and regulalions lo enquiry of the Trustegs and Olher management and the inspec11 of regulatwy and legal ¢orresponden¢e, rf any. Material misslatements thal arise due to fraud can be harder to delect than Ihose Ihal arise from •rror a$ they may involve ddiberate concealment or cc41usion. A further de5UlPtion of OUT res51b1[1Iles for the audit of the financial statements located on the Financial Reporting Council's website at.. http'.IAw•hv.froorg.ukJaudilotsresponsitMlilies. This descriptKJn forns part of our auditorfs report. Use of o¥r rnport This report is made 501ety to the charity's Injslees. as a body. in accordance wih Part 4 of the Charities (Accounts and Reports) Regulatitsns 2008. Our audit work has been undertaken so that we might stale to the charitys trustees those matters we are required to slate to them in an auditor's report and for no other purpose. To the fulest extenl permitted by law. we do nol accept or assume responsiknlty to anyone other than the Charity and the charity's truslees as a body. lor our at wrKk, for this 1, or ft>r the opinions we ha fomwd.
WEST BERKSHIRE TRAINING CONSORTIUM INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE TRUSTEES OF WEST BERKSHIRE TRAINING CONSORTIUM Chns Maniel INotr2S 2025. 2 05} Christopher Mantel {S•nh)r Stattknry Audltor) For and on hall ofAlliotts LLP, S&knJtory Auditor Chartered A¢tsnts 3 London Square Cr055 La5 Guildford GL11 1uJ 25 Nov 2025 Date.. l*)tts LLP is eligible for appOtment as auditor of the Chanty by of its elwjthlty for appointm¢nl a$ auditor of a Company un¢J¢r so¢liM 1212 ofthe Compwwes Ad 2LIX.
WEST BERKSHIRE TRAINING CONSORTIUM STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 31 JULY 2025 lunds 2025 fvnds 2024 2024 X124 Incoffl• from: Donations and legaciès Chantable adivdie$ Invastments 1.205,240 142,957 11.688 1.218,091 195,824 8.845 1,218,091 195,824 8.845 T•)tal Incon 1.359.88S 1.422.760 1.422,760 Expendllurn on: Raising funds Charitablè actiNib8S 588.785 770.501 548.927 774,562 548,927 780,543 5,981 Tolal expendlturn 1.359.286 1.323.489 5.981 1.329.470 N•t Incom• and movem•Dt in fund¥ 99.271 15,981) 93.290 Reconciliation ol funds- Fund b¥lan¢¢$ * 1 August 2024 435.615 5,981 342.325 Fund balances at 31 Juty 2026 436.214 435.615 435.615 The statement of finanaal act1w1 Ijude5 al gwns and hJs5es reca)gnised the year. All iwK¢me and expenditurtr derive from continuing activrties. 10-
WEST BERKSHIRE TRAINING CONSORTIUM BALANCE SHEET AS AT 31 JULY 2025 2025 2024 Flxed assets Tangible ass•ts 13 674 7.751 Cur¥•nt ass•ts D¢btors Cash at bank aThJ in hand 14 165,550 394.535 176,205 427.508 560.085 603.713 CTrditoTr: #mounts falllng du• with 15 (124.5451 1175.849) Net ¢urv•nl ass•ts 435,540 427,864 Totsl ass•ts l•ss ¢urr•nt IlablAtle5 436,214 435,61S Th• lund$ of th• Charlty Unre51ricled knnd5 17 436.214 435.615 436.214 435.615 The company is entitled lo the exemplion from the wyil requirement ¢ontained in sectiDn 477 of the Comp•nie$Act 2006. fof the yÈar èndtd 31 JLty 2025. althou9h •n audrt has bttn carried OLrt under se¢lion 144 of the Charities Act2011. The direcio¥s acknuwledge their resFonsiknfrties for complying with Ihe reqTernents of the Cornpanies Act 2006 with respect lo accounting records and the preparalion offfinanri Statements. The members have not reqyir•d the company to obtsin an audit of rts fffiancaal staternerts under the requIrnents of the C¢mpanesAct 20C6, for th• year in qu&sth"on in accordancè with section 476. Thèsè finarrial statements have teen wèp*ed in accordance wilh the prthrysions apphcablè to LMPanIeS subject to the small companies regime. 25 Nov 2tr25 The finanaal statemenls were apwoved by the Trustees on......................... Aolbm%A.{140x2&22S. 2."02pm} AJ Bravo Chair Company reglstration wmbgr 01760271 IEn9land Wdles) 11
WEST BERKSHIRE TRAINING CONSORTIUM STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JULY2025 2025 2024 Cash Ilows from op•rdting ¥¢tivili¢$ Cash (absorbed by)Igenerated from operations 21 (43,987) BO,357 Investlny *¢tiviti•s Purchase of tangible fed assets Inveslment income recebved <674) 11.688 N•t ¢ash g•n•rat•d from Investlng actl¥lties 11.014 8.845 M•1 cash genefaled from financlng actlv116e¥ Net Idecreas•Vin¢v•asè In cash and u$h •4uivJlents 132.9731 89.202 Cash and cash equivalents at beginning of year 427.508 338,306 Cash and equiv•hnts at •nd of ye4r 394,535 427,508 12-
WEST BERKSHIRE TRAINING CONSORTIUM NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 JULY 2025 Accounting p•ll¢les Ch¥rity Infommllon Wesl Berkshire Training Con50rtium 15 a private company limrted by gvaranlee nrPOrated in EnglorKI and wes. The registwed office is consluM House. 7 Cheap Street, Newbury. Bewkshire, RG14 5DD. 1.1 Basis of preparntion Thè finanoal statements have been prep¥ed in ac(J)rdCe with the Chwitys wveming document, the Companies Act 20C6, FRS 102 The Financi Reportmg Stsndard applicable in the UK and Republic ol Ireland" and the Charities SORP -AcLounling and Repo"n9 ty Charitbes.. Slalemenl of Recommended PraCtIr applicable to charrtitts preparing their aco)urtls in a¢cordance wth the Financial Reporting Standard applicable in the UK and RwblK of Ireland IFRS 102)-. Thè Chity ts o Put41¢ 8ènèfit Entty as tsfined by FRS 102. The financaal ststemènts are wepared in slerfing. which Is the functionl rjxrgnry of the Charity. Monelary amounts in tse financial statements are rounded to the rlest £. The ffflancial statefflents have been wepared under ihe historK cost convention. The PrirKI account9 icies adopted are set oul bekn¥. 1.2 Going ¢ortem Following robust conlrol of costs in 202Y2024. the Charty's finances have stabilised and achieved operating surplus in the year. At the b'me of apn9 th¢ finan¢ial staterrenls, the Trustees hav¢ a reasonable expedalion Ihat tht Charity ha$ •Yequate resourcès to conlinue in operational existencè for iha fore$eeablÈ futurè..Thus the Tnth$ continuè to adopt the going c4JncÈm basis of accounling in preparing thè finanaal statements. 1J Charftabk Unrestricted funds ¥e •vai¥ble for use at the dis¢retiM of the Tru$tees in fwtherance of their ¢haTrtabl obJ'eclNe$. Restrided fvnds #re subierj lo speufjc c4)ndittons ty donors or 9rantors as lo how they may be used. The purposes and uses of Ihe re$trided funds are set oul in the notes to the finaJaI Statements. 1A Income In¢om¢ 1$ recognisad when the Chwty is alty enlill8d to it after any perfom)anc• ¢(ditionS hwe b8en mèt, Ihe anM)unts be measurtd rehat4y, and it is probable thal income WAI té r8e•Ned. C¥sh donations ore rtcogniséd on receipL Cxher donab.ons are rets)gnised once Ihe Chanty has been notifièd of the donation, unless perfom)ance condrtKJns requi deferral of the amount. Income tax recovèrable in relation lo donations recerved under Gth kn or deet1s of ¢o¥enanl 1$ recognised 81 the lime of Ihe donatson. Legacies are recognised on rece¥ or otherMse rf Chaiity ha5 been notffied of an impending di51ribution. the amount 15 known. and recept is expected. If the arntyjnt is not known, the legacy is treated as a contingent a55et. Government grants are recogni$ at thè fair Talue of the assèt receival Or reL*Nabl8 when there is reasonab18 asswance that the grant COndon5 wil be met * thè grants wll be reced. 13-
WEST BERKSHIRE TRAINING CONSORTIUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Aec)unllng policies (Conlinuedl 1.5 Expondilur• Expenditure is rec¥Jgnised once there is a kgal or clynstructive obh'gation to transfer economic benefil to a third party, it IS Pfobable thal a transfer of eo)nomic benefits wul be required n settlement and the amount of the obligation can be measuTed rdiabty. Expendrture is cla5sffjed by actiW. The costs of each adivity are made up of the total direct costs and shared costs. induding support costs invc4ved in undertaking each activity. Direcl costs attn"butable to a single a¢bvrty are allOted dire¢lty to that adivty. sr0d cosls which ontn.bute to more than one actywty support costs whth are not attribvtable lo a $rngle actiV7ty apport)ned betr¥een thost aoiwbes on a basis consistent wrth the us• of restsuT¢es. Cèntral staff costs #re Cat tsn the basis of trne syni. and depreu'atton tharges ated on thè poi1ion of the asset's t1. Expenditure on iaising fLmds wKknles all expendrture inld by the Charity to raise funds for its caritabbe Purposes and inc4udes costs of al fundraisin9 aclith events •KI northritstAe fundiThJ. ExpenditLsre on chaiilable actiwties 15 irrfyjrred on direc undert&ing the whith furtlw the objects"irts, as wefi as any aSS¢wiated support o)sts. All expendrture is iS1¥e of irrecowrable VAT. 1.6 TangIts fw•d •ss•ts Tangible fixed a55els are Inthly rneasured at Cost and subsequendy wsured #l $t of valuation. nel ol depreciatÈon and any impairn)enl losses. Depre¢iaiM is rewni$ed so as to wriie off Iho o)$1 or Va1 of assets $$ their residual vues over Iheir Usèful lives on the folowing base$'. Fixtures arKI frtb'ngs 25%- 33% strab3hl line The gain or loss arising on the disposal of an asset is delermined as ttbe difference btheen the sale proceed5 and the carrying valLJe of the asset. and is rec•)gnis8d in the slatemenl oyfinancial activit$. . 1.7 ImpaiTh•nt of fix•d assets At èach reportin9 end dale, the Charrty r¢¥iw tre ¢arryiNJ afi)ts of its l•n9iL40 assgts to detemilne whether th¢r¢ is any indication that those assets have SLrffered an impaiment loss. If any suth indutTr)n exists. ihe recoverable amount of the asset is ests'mated in order to delemmne the exlent of the imp•m)ent loss {rf any). 1.1 Cash and ¢4¥h ¢qulv•l•nts Cash and cash equivalenls inckmte cash in hand. depostls held al cal with banks, ottr 5hort-temi liquid investments with original malurities of three month5 or less. and bank owdrafts. Bank overdrafts are shown within borr1rjs in current liabilths. 1.9 Fin•n¢thl ingtrumtnts The CharFty has elected to appty thè promsions of Seiaion 11 '8a$ic Finarwl Inslruments. and Section 12 'Qther FIn¢bal Instruments Issues. of FRS 102 to all of ils ffinanoal in$truments. Financial instruments ai8 recognised in the Chaiiiys balan¢e sPwt Ihe Clwity b•com•$ party lo the contractual Provisions of the instrument. Financ1 assets aThJ liabilrties Are offset. wilh the net amnts presented in Ihe financial statements. vthen Ihere is a legalty enforceaNe ri9M to set off the reo)gnised amounts and theo 1$ •n int¢nlion io settle on ¥ net basis or lo realise the asset and settle the liabty simuhaneously. 14-
WEST BERKSHIRE TRAINING CONSORTIUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 AG¢ounllng polici•s {Continued} 8a$i¢ 1lnanclal•ts Basic finanoal assets. whic Ind1¢ debtors and arthj bank balances, are inib.amy mgasured at tran$a¢tion price includ transadh)n costs and are SUbSeqL carried at amth.sed Ist Ltsing the effective interest method unless thè arrangement constitut85 a finanong ttansaction, where the transaction is measured at the present value of the ftrture receipts dis¢ount•d at a market rate of int•rnsL FinancAal assets da$sthed as receivable within one year are nol amorttsed. Bask fmancialliabililies Basic financial liabilib"es, IndJvj and bar k>ans are inrtially recognised al transath.on pr unlgS8 the arrangement ¢on$trtute5 a finan¢ing tranSaCtn. Whe th¢ debt instrument is measured al the pre$ent value of the frJture paymenls dis¢ounted al a market rate of interest. FinancAal liablrtTrès d3sSrfd as payable wrthin one y•ar are not amorttsed. Oebt inStrufflenls are 5ubsequenty caThied at amortised cost. usivwJ the effecti¥ irrtere51 rate method. Trade creditors are obliyatKJn5 to pay for goods or swvices that have been a¢quired in the Ordin r$e of operations from $UPleT5. Arnounts payable afe da55ffied a$ ¢Urn1 liabAities if payfflenl 1$ due within one year or less. If not, they are presented as non-current lia.1"È9. Trade creditors are recognisod initially al Iransaetion price and subwu8nlfy measured at amorfised st using Ihe effectiv• interest method. Derecognition olllnanclallibilths Finan¢ial liabiMi•s are d¢r¢wThsed the Charity's eontradual oblhjations expire or are discharged or earjcèlled. 1.10 Employee benefits The ¢ost ol any unused holiday entitiement is recognised in the period in whth the employee's seryices aro recebved. Termination beneffts are recognised immediatety as an expense when the Chaiity is demonslratAy commrtled lo terminate the emph)yment of an empbyee or to Iwomde leminabon benefits. 1.11 Retirement b•n•fits Payments lo defined ntri1j11On retirennt btsneft $drnes are tharged as an expense as they 1811 due. Crltlcal accoting •sllmates judgwn•nts In the appli¢alion of the Chan"W$ accountin9 polipes. the Twslees are required to make judgemènts, estimates and assumptTrDn$ abo4rt the carrying amovnt of assets and ffiabdil¥e$ thal are not readi apparent from olhef Sources. The estimate$ and assockated a$$umpt'on$ are based on hist¢yir•l experience and other factors that ar8 considered to be rdèvant. Actual resulis may differ from thèse estsmoles. The estimates and unde.ng assumptions are reNievd on an ongoing basis. RevisKJns to accounting estimates are recogni5ed in the per in whith Ihe estimate is rewsed where the slo affects cnly Ihal period. or in the period of the reMsion and luture peric4J5 We the re¥?5ion afferts both current and luture periods. 15-
WEST BERKSHIRE TRAINING CONSORTIUM NOTES TO THE FINANCIAL STATEMEKrs (coMriNUED) FOR THE YEAR ENDED 31 JULY 2025 lncoffle frorn don•bons and leg¢ie Unrnstrlcted Unrestrlthd funds fuDd$ 2025 2024 Grants 1,205,240 1.218,091 Gr•nts Olher 1,205.240 1.218,091 1,205.240 1.218,091 Income frtyn ¢IlIati1e adivilie charitb Charltsbl• Ineom• Incom• 2Q25 2024 Commercial training Employer contribution5 Olher income 112,288 15,845 14.824 117.935 51,397 26.492 142.957 195.824 Anaty$l$ by fund Unrestricted fvnds 142,957 195.824 ome Irom inv¢slments Unrn$tri¢t•d Unr•strlct•d fvnds fund$ 2026 2024 Inte5t recewable 11,688 8.845
WEST BERKSHIRE TRAINING CONSORTIUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 JULY2025 Exp¢ndlture on Thi¥ing fund¥ Unrestrict•d Unrnslri¢tsd fvnd$ funds 2025 2024 Fundrnising *nd l¢6ty Advertising Olher fundr¥tsing ¢osts Staff crJsts 25,916 3.412 559,457 25.239 995 522.693 588,785 548,927 EXpondirn on charllable acti¥iti•s Charltabk Ch41itabl• activiti•9 •¢tivitl•s 202$ 2024 Dir¢et ¢osts Depreciats'on and impairment Training Othertrainee costs 5,981 227.541 82.366 211,758 117.951 329,709 315.888 Share of support and go¥•rnance Gosts Isw nol• 8) Support Govemance 413.372 27.420 448,711 15,944 770,501 780.543 Analysh by lund Unrestricted funds Restricted funds 770.501 774,562 5,981 770,501 780.543 17-
WEST BERKSHIRE TRAINING CONSORTIUM NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 JULY2025 Support eosts aMocat•d to aettr4 2024 Staff cosls Depreryation Rent Insufance Rates and ener9y Repairs and neW5 Telephone. p051age and slaliDnary Staff training and recruitment Proles$ional lees and Sundries and don"ons Bad dèbts and bank ch 204.244 7,751 48.000 245.265 16.070 46.(K)O 9.976 li 17.215 35.759 21,000 2.596 32,835 40.113 1.215 27.420 17.048 30,529 21.100 1.829 16.704 41,628 564 15,944 440.792 464,655 Analys•d betIn. Chrtae actMts 440,792 464,655 2025 2024 Govemance ¢ots ¢¢)mpii8e: Audil fees Accounl8rKy Legal and wofesSnal Othef 9ovemance costs 8,700 5.838 8,250 5,084 210 2.400 12,882 27.420 15,944 Het mov•m•nt In funds 2025 2024 The net movement in fijnds is staled afier d)arginty(creditwig1.' Fees payable for the audit ofthe cariV$ fin•wl statem DepWall OfMed tsryible fixed assets 8.7 7.751 8,250 22,051 10 Tnrntees Nonè of the Trustees lor any persons wrth them) Tecewl remuneration during the year, none ofthe trust••$ We rthmbutsed fty expenses (2024- £nl). 18-
WEST BERKSHIRE TRAINING CONSORTIUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 11 Employe•s The average monthty nLwnber ofempee5 durN the year was.. 2025 Numb•r 2024 Number 23 22 Employment costs 2025 2024 Wages and salaries Social security costs other pensi co$18 675.739 59,640 28,322 676.605 65,302 26,051 763.701 767.9S8 The number of employees wlwe annual remuneralion tAas mm than £80.(IJ) 1$ as fc4lows.' 1026 Numb•r 21124 Number £60.001 . £70.W) £70,001 to £80,IXIO R•mun•rntlon of k•y manag•iiTrI POonn•1 The rernunerntb of key management pernonnd was as folkAvs.' 2025 2024 A9gre9ate coryensation 83.477 100,200 12 Taxation The tharity is exempt from taxation on its èc¥ities bec all its income 15 appled for charitable purp)ses. 19-
WEST BERKSHIRE TRAINING CONSORTIUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JUL Y 2025 13 Tanglble fixed assets FIAtur•s and ffttlngts Cost Al 1 August 2024 Additions 130.806 674 Al 31 Juty 2025 131.480 D•preciaon and Impainnent At 1 August 2024 Depwalion charged in the year 123.055 7,751 Al 31 July 2025 130.806 Carrying amount At 31 Juty 2025 674 At 31 July 2024 7.751 14 D•bto X128 2024 Amounts falling due wilhln one year. Trade debtors Prepayrnents and accrued irKome 138,649 26.901 146,901 29,304 165,$50 176,205 15 .Cr•dittrn: amounts f•lling within )n* year 2025 2024 Oiher taxation a1 social security Trade tttditors Other creditors A¢¢wab and deferred income 18.045 48.857 33 57.610 19,771 50,382 105.862 124,545 175.849 16 Retirement b•n•fft scheme¥ 2025 2024 D•fined contribution schemes Charge to profft or loss in Tesped of defined ca)nlrtsJb stheme$ 28,322 26,051 -20-
WEST BERKSHIRE TRAINING CONSORTIUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 18 RetlmeTrt b•n•fft s¢hwne8 Icontlnwdl The Chanty operates a conlnkntion penwn xttem• for all qualfying emF4oytts. The assets of the scheme a held separnl¢ty from those ofthe Charity in a) iThJependentty adfflinistered fvnd. 17 Unrnstrlct•d funds Tha unrestricled fiJnd5 of the charity comprise the unexpended baEances of donathjns and grants wthich are not subject to specific contlrfions by donors and grantors as to how they May be used. These indude designated fvnds which have been sel aside rjjt of w)restrithd ld$ by the trustees for speafK purposes. At 1 August 2024 IornIng re$our¢es Resources expended At 31 Jyty 2025 General funds 435.615 1.359.885 (1,359.286) 436,214 Pr•vlous y•ar. At 1 August Incoming R•sourc•s At 31 Juty 2024 GeneTal fvnds 336.344 1.422,760 (1.323.489) 435,615 18 Op•rating l••se commlbmnts Le8$ee Operating lease payments represent fertals payable by the dwrity for premises rwrtals and certain items of office equipment At the reporting èThJ date the Charity had outstsnding corrffirtments for frAure minimum bEase payments under non-can¢ellable operaiing kases, whth fall dLte as fonows". 2026 2024 Imthin or year Btheen and five years In over fi¥e years 51.781 200,192 176.CQ) 51,781 203.973 224,¢)00 427.973 479,754 19 Rel•ted party lrnnsaelion¥ There were no dIsdosab 18 party transxtions thring the ye¥ {2024- none). 21
WEST BERKSHIRE TRAINING CONSORTIUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2025 20 Controlling Party The Mèmbeh of charity was transfeThed on 1 August 2018 to Ba5ingsloke clege of Teth109y IBCOT), a further educalion Corporation aThl exempl charity wrfh thè pn"rKipal purpose of provKling Ut0t10n. BCOT exert control over the Chanty by virlue ofthe right lo appoint Directors under the goveming d(Kument of the Charity. BCOT produce ¢onsolidated ffinanryal slalements. whith indude the Chariws a¢UnIS at)J be obtained from Worb"n9 Road. Bas9st0ke. Hampshwe. RG21 8TN. 21 Cash labtsothd byyg•n•ratsd from oyraljons 2025 2024 Surplus for the ye¥ 599 93.290 Adjus1ments lor. Investment incom• recognised in statemenl of ffinan(¥al adr¥itse5 Depre¢ialK)n and impaiment of tsn9ible fixed assets {11.688 7,751 {6,845) 22,051 Mov•m•nts In workSng capllal: De¢reasellinerèas•) in debtors IDecreasellinc¥ease in uedil¢xs 10,655 (51.304} 147,855) 21,716 Cash (absorbed byVg•n•rntsd fvom operations (43,987) 80,357 . 22 Ana19 of ¢hang•¥ in ntrtfvrbds The Charity had no malefral debt dur1 the year.