2023-03-31-accounts - West Yorkshire Manufacturing Services Limited

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West Yorkshire Manufacturing Services Limited

Strategic Report for the Year Ended 31 March 2023

The trustees, who are directors for the purposes of company law, present their strategic report for the year ended 31 March 2023, in compliance with s 414C of the Companies Act 2006

Fair Review of the Business

In accordance with its objectives formulated in the previous year, in the year ended 31 March 2023, the Trustees appointed a Chief Executive, a Finance and Operations Manager and a Marketing Manager and cemented the relationship between the Charity and Calderdale College with the grant of a 6-year lease on commercial terms. Throughout the year, Charity’s workshops, capital equipment and facilities were consistently used for the training of apprentices involved in manufacturing and industry in accordance with the primary charitable objective.

The Trustees declared intention to commercially exploit the remaining resources of the Charity to generate income to contribute towards the supplement the rental income receivable from Calderdale College have been only partially successful as competition for the provision of generic training courses such as First Aid and Health and Safety is fierce, and demand is erratic. By contrast third party demand for the commercial hire of the remaining space and facilities has been and remains high but will not of itself generate sufficient income to ensure that financial goals are met.

The Charity’s plans to generate additional income through the provision of a pre-apprenticeship work familiarisation course and the direct delivery of specialist courses in the familiarisation with and use of digital and specialist engineering equipment require further development and will be the focus of the Charity’s activities in the coming year.

Administratively, at the AGM held on 5 July 2022, permission from the Charity’s Commission having been secured, the members unanimously approved the change of the name of the Charity to West Yorkshire Manufacturing Services. Constitutional decisions were also taken to close down and strike off the Charity’s dormant wholly owned subsidiary and to phase out the concept of general membership, to increase the size and diversity of the Board and to streamline macro management by limiting membership of the Charity to the Trustees for the time being only.

The Trustees recognise that the Charity’s close relationship with both Calderdale College, other similar organisations and the local manufacturing and engineering industry at large, present a great opportunity for WYMS to become a significant partner and influencer and take a leading role in local, regional and national initiatives which will help to restore its reputation.

REGISTERED COMPANY NUMBER.. 01219838 (England and Wales) REGISTERED CHARITY NUMBER.. 507573 Report ol theTru5tees aThd Unaudlted Flnanclal Statements for the Year Ended 31st March 2023 for WEST YORKSHIRE MANUFACTURING SERVICES LIMITED IA COMPANY LIMITED BY GUARANTEEI Riley & Co Limited Chartered Accountant5 52 St Johns Lane Halifax Wesr Yorkshire HXI 2BW

WEST YORKSHIRE MANUFAcfuRING SERVICES LIMITED Contents of the Flnanclal Statements forthe Year Énded 31st March 2023 Page Report of theTru5tees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Flnanclal Statements 10 to 19 Detalled Ststement of Flnanclal Activltles 20 to 21

WESTYORK5HIRE MANUFACTURING SERVICES LIMITED IREGISTERED NLIMBER.. 012198381 Report of the Trustee5 for the Year Ended 31st March Z023 The trustees who are also directors of the charity for the purpose5 01 the Companies Att 2006, present their report with the financial Statements of the charity lor the year ended 31st March 2023. The trustees have adopted the provi5ioris ol AccountinB and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland IFRS 1021 leffettive l January 20191. oBJEIVEs AND A1VITIEs Objective5 and aims The objectives of the charity are defined in it5 Mernorandum of Associatlon and may be summari5ed as follows:. to provide facilities for and undertake and assist in the provision ol industrial and cotlltnercial trainin& to generally Supervise and further the industrial, commercial and 8eneral education of modem apprenticeship trainees and persons seeking r&tr3ining and up5killing' to organise, co-ordinate and further all training of the above industrial and cornrnercial sectors within member and orher companies and other organisations for all levels ol employees.. to provide equip and carry on training centres. workshops, libraries, lecture roorns or other facilities for training and education.. to provide advice and technical assistance for businesses ané organisations in the tarrying out by them of the, training oltheir own employees.. to work in conjunction with goverrirnent bodies. technical colleges and other educational or public authorities in the provision of industrial and commercial training or education: where possible to provide 85515tance by obtaining grants or otherwise and redistribution to individuals employed or intendingto be employed Sn Industry and commerce to enable them to acquire trèlnSn8 or education., Publlc benefft We have referred to the guidance contained in the Charity Commission's gener31 guidance on public benefit when reviewing our aim and objectives and in plannin8 our future activities. In particular, the trustees consider how planned activities will contribure to the aims and objective5 they have ser. Page I

WEST YORKSHIRE MANUFAcfuRING SERVICES LIMITED IREGISTERED NUMBER.. OIZ198381 Report of the Trustee5 for the Year Ended 315t Marth 2023 ACHIEVEMENT AND PERFORMANCE Charbtable aclivitie5 In accordance with its objectives formulated in the previous year, in the year ended 31 March 2023. the Trustees appointed a Chief Executive, a Finance and Operations Mana8er and a Marketing Manager and cemented the relationship between the Charity and Calderda1e College with the grènt of a 6-year lease on commercial terms. Throughout the year, Charity's workshop5. capital equipment and facilities were consistently used for the training of apprentices involved in manufacturing and industry in accordance with the primary charitable objective. The Trustees declared intentiori to comrnercially exploit the remaining resources ol the Charity to gener3te income to contribute tOW3rds the supplernent the rental income receivable from Calderdale College have been only partially successful as competition for the provision of generic trainin8 courses such as First Aid and Health and Safety is fierce, and demand 15 erratic. By contrast third party demand for the commercial hire of the remaining space and facilities has been and remains high but wlll not ol Itself generate sufficient income to ensure that financial 8oals are met. The Charity's plans to generate additional income throu8h the provision of a pre-apprenticeship work familiarisation tour5e and the direcr delivery of specialist cour5e5 in the familiarisation with and use ol digital and specialist en8ineerin8 equipment require further development and wll be the focus of the Charity'5 activities in the Coming year. Administratively, at the AGM held on 5 July 2022, permission from the Charity's Commission h3ving been secured, the members unanimou51y approved the change of the name of the Charity to West Yorkshire Manufacturing Services. Constitutional decision5 were a150 taken to close down arid strike off the Ch3rit¢s dorrnant wholly owned subsidiary and to phase out the concept ol general membership, to increase the size and diver51ty ol the Board and io srreamline macro management by limiting membership ol the Charity to the Trustees lor the tirne being only. The Trustees reco£nlse that the Charity's close rel8tloll5hip wilh both Calderdale College, other similar organisation5 and the local manufacturing and engineerin8 industry at lar8e, present a great opportunity for WYMS to become a signillcant partner and influencer and take a leading role in local, regional and national initiatives which will help to restore its reputation. FINANCIAL REVIEW Flnanclal revlew The charity is reporting income for rhe year of £402,991, which ha5 incre6sed significantly from the income level of £143,488 lor the prior year. The charitv 15 reportin8 expendiiure against this income of £489.04912022.. £388,645), leadin8 to a deficit for the year 01 £86,058. The chzrity has funds brought forward of £2,769.058. which a reduced by this105s for the year to £2.683.000 at 31 March 2023. Inve5trnent pollcy and objectives The charity's investment policy is currently to reiaSn excess funds in its Santander savings account. The trustees are in the process of reviewing the investment pollcy for 2023124. Page 2

WEST YORKSHIRE MANUFACTUAING SERVICES LIMITED IREGISTERED NUMBER.. 012198381 Report of theTrustees forthe Year Ended 31st March 2023 FINANCIAL REVIEW Reserves poliry WYMS ha5 a diminishSn8 cash flow posirion as it re-estab1i5hes itself as 3 going concern. therefore it is important to retain a level of reserves to safeguard the or8anisation against unforeseen costs or circumstances. The principles of the proposed reserves policy 3re'. The retention of not less than Six month5, operating costs (based on total overheads) plus any statutory redundancycosts The retention of a sum to safeguard against any unforeseen costs relaiing tothe premises infrastructure, including emergency repair and replacernent of integral systems B35ed on the 2023124 budget approved by the Board, total annual operating costs are forecast at circa £600,000. Therefore at least £3(K>.(N)O should be retained within the reserve5 to wind down the orgènisatlon should St ever be required. There is no provision for redundancy costs during 2023124 as nts employees have statutory redundancy rights due to length of service. In addition, is it recommended th3t a further £50.000 £IOO,OW is held in reserves, to safeguard against any unforeseen premises, costs such as an act of 8od, or any other such lar8e-scale unplanned infrastructure cost5 or repairs. The Executive has recommended that the reserves policy outlined above should be approved and a Sum of £350,01 should be held in reserves lor 2023124. At 31 March 2023 the Charity's reserves were £2,683,000 which equated to 'free' reserves. excluding fixed assets of £1.191.521. The policy regarding re5erve5 will be reviewed annually in March to ensure that the reserves are appropriate to meet the needs of the business. sTRUVRE. GOVERNANCE AND MANAGEMENT Governlng document West Yorkshire ManufacturinE Services Umlied is a company limited by guarantee governed by its Memorandum and Articles of As5tKiation dbted 28 April 1975 and amended to allow lor current governance arrangetnents on 29 April 2003. It is registered as a charity with the Charity Commission. In the main the cornp3ny'5 mernber5hip is individuals representing member companies, with exceptions at the discr&tion ol the Executive 8oard. In the event of rhe company winding vp, each member agree5 to contribute an amount not exceeding £10 towards the payrnent of debts and liabilities. Risk manaBement The tru5tee5 have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 01219838 (England and Wales) Reglstered Charity number S07573 Page 3

WEST YORKSHIRE MANUFACTURING SERVICE5 LIMITED IREGISTERED NUMBER.. 012198381 Report of the Trustee5 fortheyeay Ended 3tst March 2023 Rè8lstered office Kirkdale House Armytage Road Brighouse West Yorkshire HD6 IQF Trustees S C Bonfield (appointed 5171221 O Brennan (resigned 18181221 A M Oenford A M Holt lappointed 5171221 L Mowbray lapFK)inted 241101221 (resigned 23111231 GJShort H L Thornber J Wrighi Company Secretary S C BonlieSd Independent Examiner Riley & Co Limited Chartered Accountant5 52 Si Johns Lane Halif3X West Yorkshire HXI 2BW Solicitors Chadwick Lawrence LLP The Fire Staiion Oean Clough Mills Halilax West Yorkshire HX3 SAX Bankers Lloyds Bank Commercial Street Halifax HXI 18B Santander 2 Triton Square Regent's Place London NWI 3AN Page 4

WEST YORKSHIRE mANuFAvRING SERVICES LIMITED (REGISTERED NUMBER: 012198381 Report of the Trustees forthe Year Ended 315t Marth 2023 REFERENCE AND ADMINISTRATIVE DETAILS Key Mana8ement Personnel Chief Executive officer Jill Wheeler IFrom M3y 2022 to August 20221 Mark Lewis (Frotn September 20221 Jacqueline Loftus IFrom July 20221 Ann Dean (From October 20221 Centre Manager Finance Manager CHANGEOF NAME The charitable company passed a special resolution on 20th july 2022 changirlq its name from Kirkdale Industrial Training Service5 Limited to West Yorkshire Manufacturing Services Limited. STATEMENT OFTRUSTEES. RE5PONSIBIIITIES The trustees (who are also the directors of West Yorkshire Manuf3Cturing seiCes Limited for the purposes of company lawl a responsible lor preparing the Report ol the Trustee5 and the financi81 statements In accordance with applicable law and United Kingdom Accounting Standard5 Iunited Kingdom Generally Accepted Accounting Practice). Company law require5 the trustees to prepare flnancia5 statemenrs for each financial year which give a true and fair view of the State ol affair5 01 the charitable company and of the incoming resources and application of resources. including the income and expenditure, of the charStable company lor thar period. In preparing those financial statements. the trustees are required to select suitable accountin8 policies and then apply them consistentlv.. observe the methods and principles in the Charity SORP.. tnake jud8ements and estimates that are reasonable and prudent,. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in bu5ine5S. The trustees are responsible for keeping proper accounring records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financlal statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable Company and hence lor taking reasonable steps for the prevention and detection ol fraud and other irrÈgul8rilies. Approved by order of the board of trustees &IIO.W2023 and signed on Its behalf by.. A M Denford- Trustee Page 5

Independent Examlnerfs Report to the Trustees of West Yorkshlre Manulatturlng Servlces Llmlted IReglstered number.. 012198381 Independent examlner's report to the tfUStees of West Yorkshire Manufatturin¥Servl¢es Llmlted I'the Company'l I report to the charity trustee5 on rny examination of the accounts ol the Company for the year ended 31st March 2023. Responslblllties and basls of report As the charity's trustees of the Company land also its directors for rhe purposes of company lawl you are responsible for the preparation of the account5 in accordance with the requiremenrs ol the Companies Act 20061'the 2006 Act'l. Having sat151ied myself that ihe accounts ol the Company are rK)t required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 01 the Charitie5 Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145151 Ibl of the 2011 Act. Independent examiner'5 Statement Since your charity's gross income exceeded £250,(M)O your exarniner must be a tnernber of a listed body. I can confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountanis in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by Section 386 of the 2QK)6 Att,. or the accounts do not accord with those records,. or the accounts do not comply with the accounring requirements of Section 396 of the 2006 Att Other than any requirement that the accounts 8Sve a true and lair view which is not a tnatter considered as pan of an iridependent examlnatlon., or the accounts have not been prepared in accordance with the methods and principle5 of the Statement of Recommended Practice lor accounting and reporting by charities lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have corne across no other matters in connection with the examinatSon io whlch attention should be drawn in this report in orderto enable a proper understanding ol the account5 to be reached. V J Atkin50n FCA Riley & Co Limited Chartered Accountants 52 StJohn5 Lane H31ifax West Yorkshire HXI 2BW Co LirTII Date.. Page 6

WEST YORKSHIRE mANUFAURING SERVICES LIMITED Statement of Flnanflal Actlvltles Ilncorporating an Income and Expenditure Accountl forthe Year Ended 31st March 2023 3113123 Unresiritted fund 3113122 Total funds Notes INCOME AND ENDOWMENT5 FROM Donations and legacies 22,560 5,039 Charitable activities General charitable activitie5 364,030 131,475 Investment incorne Other income 16,401 3.774 3.200 Total 402,991 143,488 EXPENDITURE ON Charitable activltles General charitable acrlviiles 489.049 388,645 NE[ INCOMEIIEXPENDITURÉI 186,0581 1245,1571 RECONCILIATION OF FUNDS Total funds brought forward 2,769,058 3,014.215 TOTAL FUNDS CARRIED FORWARD 2,683.000 2.769.058 The notes fom part of these fSnancial staiemenis Page 7

WESTYORKSAIRÉ MANUFACTURING SERVICES LIMITED IREGISTERED NUMBER: 012198381 Balancè Sheet 31$t Mar¢h 2023 3V3123 3113122 Total funds Unrestricted fund Notes FIXED A55Ers Tangible assets Investments li 12 1.491.478 1.534.798 1.491.479 1.534.799 CURRENT ASSETS Debtors Cash at bank and In hand 13 49,698 1.227,431 6,745 1,287,448 1.277.129 1,294.193 CREDITORS Atnounts falling due within one year 14 183,6081 155,9341 NET CURAÉNT ASSETS 1,193.521 1.238.259 TOTAL ASSEfs LESS CURRENT LIABIUTIES 2,685,000 2,773,058 CREDITORS Amounts falling due after rnore than one year 15 12,0(K)I 14,0(NJl ASSETS 2,683,000 2.769.058 FUNDS Unrestricted funds 17 2,683,000 2.769.058 TOTAL FUNDS 2,683,000 2,769,058 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31sr March 2023. The members have not requSred the company to obtain an audit of its financial staternents for the year ended 31st March 2023 in accordance with Settion 476 of the Companies Act 2006. The trustees acknowledge their responsibilities lor ensurin8 that the charitable company keeps accounting records that comply with Section$ 386 and 387 of the Companies Acr 2006 and preparing lin3ncial statements which give 3 true and fair view of the stale ol affairs ol the charitable companv as at the end ol each financial year and ol it5 surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements ol the Companies Act 2006 re13ting to financial statements, so far as applicable tothe charitable company. The notes form part of these financial statements Page 8 continued...

WEST YORKSHIRE MANUFACWRING SERVICES LIMITED IREGISTERED NUMBER.. 012198381 Balance Sheet- continued 31st March 2023 These financial statement5 have been prepared in a£cordance with the provislons appllcable to charltable companies Subject to the sm311 companie5 regime. OS%1 r ncial Statements were approved by the Board of Trvstees and authori5ed for issue and were signed on its behalf by.. on A M Denford- Trustee The notes form part of these financial statements Pa8e 9

WEST YORKSHIRE MANUFAVRING SERVICES LIMITED Notes to the Flnancbal Statements forthe Year Ended 31st March Z023 ACCOUNTING POIICIES Basis ol preparln¥ the financlal statements The financial 5taternent5 of the charitable company, which is a public benefit eTltity under FRS 102, have been prep3red iri accordance with the Charities SORP IFRS 1021 'A£counting and Reporting by Charilies.. Statement ol Recommended Practice applicable to charitie5 preparing their accourits in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 (effective l January 20191,. Financial Reporting St3ndard 102 'The Financial Reportin8 Standard applicable in the UK and Republic of Irelarid. and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. with the exception of investments which are included at market value. Incorne All Income is recognised in the Statement ol Financial Actiwties once the charity has entitlement to the funds, it is probable that the income will be received and the atnount can be measured reliably. Expendlture Liabilitie5 are recognised a5 expenditure as soon as there is a legal or constructive obligation committin8 the charity to that expenditure, it is probable that a transfer ol economic benefits will be required in settlement and rhe amount of the obligation can be measured reliably. E¥penditure is accounted for on 3n accruals ba515 and has been classified under headin8S that aggregate all cost related io the category. Where cost5 cannot be directly attributed to particular headin8S they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed asset$ Depreciation is provided at the following annual rate5 in order to wr1te off each asset over its estimated useful Freehold property Plant and machinery Fixture5 and fitting5 Computer equipment Stralght line over 50 yea Stral8ht line over 8 years and Straight lineover 4 years Straight line over 3 years Straight Ilne over 3 years Related party exemptlon The charitable company has raken advantage ol exernption, ullder the terms of FInar[al Reporting Standard 102 'The Financial Reportln8 Standard applicable in the UK and Republic ol Ireland,, not to disclose related party transactlons with wholly owned subsidiaries Wlthin the group. Taxatlon The charity is exempt frorn Corwration tax on its charitable activities. Fund accountln Unrestricted funds can be used in accordance with the charf(able objectives ai the dlscretion of the tru5tee5. Restricted fund5 can only be used for particular restricted purposes wlihin the objects ol the charity. Restrictions arise when specified by the donor or when fund5 are raised for particular restricted purposes. Further explanation of the nature and purpose of any restricted fund Is included in the notes io the flnanclal statements. Page 10 continued...

WEST YORKSHIRE MANUFAURING SERVICE5 LIMITED Notes to the Flnancial Statements- ¢ontlnued forthe Year Ended 31st March 2023 ACCOUNTING POLICIES. contlnued PenslLin Costs and other post-retlrement benefits The charitable company operates a defined contributlon pension siheme. Contributions payable to the charitable companrfs pension scheme are charged to the statement of Financial Activities in the period to which they relate. DONATIONS AND LEGACIES 3113123 3113122 Don3tion from subsidSary Gr3nts J2,880 9,680 5.039 22.560 5,039 Grants received, included in the above. are a5 follows.. 3113123 3ty3122 Calderdale Business Trust Coronaviru5 Job Retention Scheme Leeds City Council- Di8ital Enterprlse 2,000 2,008 3,031 7,680 9.680 5,039 INVESTMENT INCOME 3113123 3113122 Deposit account interest 16,401 3.774 Page 11 continued...

WEST YORKSHIRÉ MANUFACTURING SERVICES LIMITED Notes to the Flnanclal Statements- contlnued forthe Year Ended 31st March 2023 INCOME FROM CHARITABLE A1VITIEs 3113123 3113122 Activity General charitable activities General charitable artivities General charitable activities General charitable activities General charitable attivlties Room hire irscorne Catering income Course income Tenancy/licence income Membership fees income 14,020 10,205 77,580 258.265 3,960 22.119 109,356 364,030 131.475 CHARITABLE ACTIVITIES COSTS Direct Costs (see note 61 Support costs Totals General charitable actDiities 467.783 21.266 489,049 DIREcf COSTS OF CHARITABLE A1VITIES 3113123 3113122 Staff costs Rates and water Insurance Light and heat Telephone Postage ènd stationery Advertising and markerin8 Sulldries Repairs and malntenance Cleaning and waste disposal Cotnputer repairs and maintenance Motor and travel expenses Staff welfare Staff recruitment costs Trainin8 activities costs Consultancy staff fees Irrecoverable VAT Bank charges Credit card charges Depreciation Interest payable ènd simllar charges 171.016 15,326 15,212 20,643 9,442 4,243 4,523 1,537 14.068 4.535 10.807 164 85.772 13,651 8,401 20.279 9,742 4,065 12,645 1,239 52,574 8,617 646 2,251 5.047 57.102 9,800 22,445 69 72 101.732 21,579 30,789 108,367 584 467,783 381,201 Page 12 continued...

WEST YORKSHIRE mANUFAuRNG SERVICES LIMITED Note5 to the Financial Statements. continued forthe Year Ended 31st March ZOZ3 NET INCOMEIIEXPENDITUREI Net incornellexpenditurel is statèd after chargin(CredItn8}'. 3113123 3113122 Auditors. remuneration for non audit work Depreciation- owned assets 199 110.965 101,732 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31st March 2023 nor for the year ended 31st March 2022. Truee$, expen5e5 There were no trustees, expenses paid for the year ended 31st March 2023 nor for the year ended 31st March 2022. STAFF COSTS 3113123 3113122 Wages and salaries Social Security costs Other pension costs 139.104 10.531 21.381 76,399 3,135 6.238 171,016 85,772 The average monthty number ol employees during the year was as follows.. 3113123 3V3122 Adminisrration and management No employees received emolumenis in excess of £60,000. Included within gross pay and pension costs at>ove are termination payment5 totalling £9,01912022 £8561. The key mana8ement have been identified as the senior management team. cotnprising the Chief Executive Officer. Centre Mana8er and Finance Mana8er, the total emoluments of those key rnanagement personnel for the year were £137.00512022.' £83,616). Page 13 tontinued...

WESYYORKSHIRE MANUFACTURING SERVICES LIMITED Notes to the Flnanclal Statement$- ¢ontlAued forthe Year Ended 31st March 2023 io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL A1VITIEs Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacie5 5.039 Charitable actNities General charitable actiwtie5 131,475 Investment income Other income 3,774 3,200 Total 143.488 EXPENDITURE ON Charitable attivilies General charitable activitie5 388.645 INCOMEIIEXPENDITUREI 1245,1571 RECONCILIATION OF FUNDS Total funds brought forward 3,014,215 TOTAL FUNDS CARRIED FORWARD 2,769.058 Page 14 continued...

WESTVORKSHIRE MANUFAcfuRING SERVICE5 LIMITELI Note5 to the Flnanclal statemer- contlnued forthe Year Ended 31st March 2023 ii. TANGIBLE FIXED ASSETS Fixtures and fittings Freehold propertv Plant and machinery Computer equipment Totals C05T At 1st April 2022 Additions 2.303,937 798.179 575.390 55.177 3,677,506 58,412 3,235 At 31st March 2023 2,303.937 798.179 630,567 3,235 3,735,918 DEPRECIATION At 1st April 2022 Charge lor year 948,049 44,235 701,284 39.696 493,375 16,992 2.142.708 101,732 809 At 31sr March 2023 992,284 740.980 510.367 809 2,244,440 NET BOOK VAILIE At 31st March 2023 1.311,653 57,199 120,200 2,426 1.491.478 At 31st March 2022 1.355,888 96,895 82,015 1.534.798 The Charity property had previously been used for training dirertly given by the Charity. The property is now being let to a third party training provider. A5 the Charity is a public benefit entity, the Trustees have taken the decisions io account for the property under FRS102 $16.38. 12. FIXED ASSET INVESTMENTS Shares in 6roup undertakin8S MARKET VALUE At 1st April 2022 and 31st March 2023 BOOX VALUE At 31st March 2023 At 315t March 2022 There were no investment asset5 Outside the UK. The company's investments at the balance sheet date in the share capital of cornpanie5 include the following.. Pa8e 15 continued,..

WEST YORKSHIRE MANuFAURING SERVICE5 LIMITED Notes to the Flnancial Statements- continued for the Year Ended 315t March Z023 12. FIXED Ass INVESTMENT5- ¢tsntlnued Kiikdale Buslness Sekwlces Llmlted Regisiered office.. Inside the UK Nature ol business.. Conference facilitie5 business Class ol share= Ordinary holding l(K) 3113123 3113122 Aggregate capltal and serveS Profit for the year 4.145 2,610 The directors ol Kirkd31e Business Services Ltd have applied to Companies House 85 at 23 February 2023 to Strike the company off the re8isrer. 13. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 3ty3123 3113122 Trade debtors Amounts owed by group undertaking5 VAT Prepayments and accrued income Accrued incorne 26,969 117,1901 708 19,626 2,855 23.227 49,698 6,745 14. CREDITOR5: AMOUNTS FALLING DUE WITHIN ONE YEAR 3113123 3113122 Trade creditors Social security and other taxes VAT 20,770 16,041 1,045 13,355 22,493 Accru31s Deferred income 10.525 52.313 83,608 55,934 Page 16 continued...

WESTYORKSHIRE MANuFAURING SERVICES LIMITED Notes to the Flnanclal Statements- tontlnued lorthè Year Ended 31st March 2023 15. CREDITORS,. AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 3113123 3113122 Deferred incorne 2,000 4,000 16. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows.. 3113123 3113122 Within one year 8etween one and five years 2,778 3,586 2.778 2.778 6.3&1 17. MOVEMENT IN FUNDS Net movement in funds At 3113123 At 114122 Unrestrlcled funds General unrestricted funds 2,769.058 186,0581 2.683,0(Kl TOTAL FUNDS 2,769,058 186,0581 2,683,000 Net tnovement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in fvnds Unrestrlrted funds General unrestricted funds 402,991 1489,0491 186,0581 TOTAL FUNDS 402.991 1489,0491 186,0581 Page 17 conrinued...

WE5TYORKSHIRE MANuFAURING SERVICES LIMITED Notes to the Financial Statements- continued for the Year Ended 31st March 2023 17. MOVEMENT IN FUNDS- contlnued Compaiatlves for m¢)vemeni In lunds Net movement in funds At 3113122 At V4121 Unrestricted funds Gener31 unrestricted fund5 3,014.215 1245,1571 2,769,058 TOTAL FUNDS 3,014,215 1245.1571 2.769.058 Comparative net movement in funds, included in the above are as follows= Incoming resources Resources Èxpended Movement in funds Unrestrlcted funds General unrestricted funds 143,488 1388,6451 1245,1571 TOTAL FUNDS 143,488 1388,6451 1245,1571 A cufnt year 12 months and prioryear 12 months cornbined position is as follows.. Net movernent in funds At 3113123 At 114121 Unrestrlcted funds Gener31 unrestritted funds 3,014,215 1331,2151 2,683,0 TOTAL FUNDS 3.014,215 1331,2151 2,683.0 A current year 12 months and prior year 12 months combined nei movement in funds, included in the above are as follow5.. Incoming resource5 Resource5 expended Movement in funds Llnfestrlcted fund5 General uniestricted funds 546.479 1877.6941 1331.2151 TOTAL FUNDS 546.479 1877.6941 1331.2151 Page 18 continued...

WEST YOAKSHIRE MANUFACWRING SERVICES LIMITED Notesto the Flnanclal Statements- continued for the Year Ended 31st March 2023 RELATED PARTY DISCLOSURES There were no related party tran5action5 for the year ended 315t March 2023. 19. ULTIMATE CONTROLLING PARTY The charity is under the control of the knard of trustees. Page 19

WESTYORKSHIRE MANUFACTURING SERVICES LIMITED Detalled Statement of Flnanclal Actlvltles forthe Year Ended 31st March 2023 3ty3123 3113122 INCOME AND ENDOWMENTS Donatlons and legacies Donation from Subsidiary Grant5 12.880 9.680 5.039 22.560 5.039 Investment Income Deposir account interest 16.401 3,774 Charitable a¢tlvltles Room hire income Catering income Course incorne Tenancy/licence incorne Membership lees income 14.020 10.205 77.580 258.265 3,960 22.119 109,356 364,030 131,475 Other Income Other incorne 3.200 Total Incomlng resources 402,991 143,488 EXPENDITURE Charitable artivitie5 Waees Social securitv Pensions Rates and water Insurance ght and heat Te5ephone Post3ge and 5t3tionery Advertising and marketin8 Sundries Repair5 and maintenance Cleanin8 and waste disposal Compuier repairs and maintenance Motor and travel expenses Carried forward 139,104 10.531 21.381 15,326 15,212 20.643 9.442 4,243 4,523 1.537 14,068 4.535 10.807 164 271,516 76,399 3,135 6.238 13,651 8,401 20,279 9.742 4,065 12,645 1,239 52,574 8,617 646 217,631 This pa8e does not form part of the statutory Financial statements Page 20

WEST YORKSHIRE MANUFAcfuRING SERVICES UMITED Detallod Statement of FSnanclal Actlvltles for the Year Ended 31st March 20Z3 3113123 3113122 Charltable actlvhles 8roughr forward Staff welfare St3ff recruitment Costs Trainin8 activitie5 Costs Consultancy staff fees Irrecoverable VAT Bank charges Credit card char8es Freehold property Plant and machinery Fixtu5 ancl fittin8S CompLJter equipment Interest on VAT 271,516 217.631 2.251 5.047 57.102 9,800 22.445 69 72 44.235 39.696 16.992 809 21,579 30,789 41,638 34.075 32,654 584 467,783 381,201 Support cost5 Governance costs Auditors, remuneration lor non audit work Prole55ional setvice5- Legal Accouritancy fees Account3ncy fees- Payroll Accountancy fees- Software Professional seNices- HR Professional setvices- Data protection Professional setvices- VAT 199 3,245 4,000 6,531 8,206 299 198 I,iio 35 4,887 21,266 7.444 Total resources expended 489,049 388,645 Net expenditure 186,0581 1245,1571 This pa8e does noi form parr of the statutory financial statements Pa8e 21