2022-08-31-accounts - Sunderland Engineering Training Association Limited

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			Notes	2022	2021
				f
Income and endowment	from
Donations and legacies				20,870	30,106
Charitable activities				1,736,585	1,290,451
Other trading activities				396	210
Investments				4,898	4,749
Other income					91
Total income and endowments				1,762,749	1,325,607
~Edit
Investment management	fees		7	2,271	2,164
Charitable activities			8	1,518,537	1,163,369
Other —exceptional item			12		996
Total Expenditure				1,520,808	1,166,529
Net gains/(losses) on investments			13	(11,213)	34,989
Net income/(expenditure)		and net		230,728	194,067
movement in funds for the		year
Reconciliation offunds
Total Funds brought forward				990,476	796,409
Total funds carried forward				1,221,204	990,476

				Notes		2022		2021
Fixed Assets
Tangible assets				17		553,897		431,836
Investments				18		279,771		288,356
						833,668		720,192
Current assets
Debtors (amounts	falling		due	19	264,848		192,578
within one year)
Cash at Bank and in	hand				326,296		204,929
					591,144		397,507
Liabilities
CREDITORS: Amounts		falling		20	203,608		127,223
due within one year
Net current assets/(liabilities)						387,536		270,284
TOTAL NET ASSETS						1,221,204		990,476
The Funds ofthe Charity
Unrestricted income	funds					1,221,204		990,476
Total Charity Funds						1,221,204		990,476

Cash flow forthe year ended 31August 2022	Cash flow forthe year ended 31August 2022
		Notes	2022	2021
				f
Cash flow from operating activities		23	288,799	154,563
Cash flows from investing	activities
Payments to acquire investments			(143,419)	(70,512)
Receipts from sale of investments			142,533	71,498
Payments to acquire tangible fixed assets			(169,703)	(36,713)
Receipts from sale oftangible fixed assets				91
Interest received			513	137
Dividends received			4,385	4,612
Net cash provided by investing activities			(165,691)	(30,887)
Cash flows from financing	activities
Interest paid
Net cash outflow from financing
Net Increase/(Decrease) in	cash and cash equivalents		123,108	123,676
Cash and cash equivalents	at 1September 2021		216,873	93,197
Cash and cash equivalents	at31August 2022		339,981	216,873
Cash and cash equivalents	consist of
Cash in hand			43	231
Cash held within investment	portfolio		13,685	11,944
Notice deposit (less than 3	months)		326,253	204,698
Cash and cash equivalents	at 31August 2022		339,981	216,873

							2022	2021
							f	6
		JRSgrants re	furlough		scheme			18,240
		Apprentice funding grant for own staff					500	2,000
		Kickstart grants					20,370	9,866
							20,870	30,106
3.		Income from charitable			activities
							2022	2021
							6	f
		Apprentice	training				1,375,269	1,164,288
		Commercial		training			361,316	126,163
							1,736,585	1,290,451
4.		Income from other trading activities
							2022	2021
							f	f
		Other					396	210
							396	210
5.		Income from investments
							2022	2021
							f	f
		Income from		listed	investments	—Dividends	4,385	4,612
		Interest receivable					513	137
							4,898	4,749
Notes	to	the accounts for the year ended 31August 2022

6.	Other income
								2022	2021
									f
	Profit on sale oftangible fixed assets								91
									91
7.	Investment management	costs
								2022	2021
								E	E
	Investment manager	fees						2,271	2,164
								2,271	2,164
	All the above costs were attributable				to	unrestricted	funds.
8.	Analysis ofexpenditure	on charitable			activities
								2022	2021
								E	f
	Charitable activities
	Activities undertaken	directly					9	948,776	720,408
	Support costs						10	569,761	442,961
								1,518,537	1,163,369
	All the above costs were attributable				to	unrestricted	funds.
9.	Activities undertaken directly
								2022	2021
									f
	Unrestricted costs
	Other costs relating to		Charitable			activities
	comprise
	Gross wages and salaries							471,961	390,531
	Employers' Nl							48,221	37,783
	Platten Trust wages								384
	Pension contributions							44,163	43,507
	Depreciation of assets		used	for		charitable		24,718	20,631
	purpose
	Materia Is and cons uma b les							65,976	22,779
	Bought in services							143,931	116,745
	Safety clothing and cleaning							32,876	24,358
	Training courses and	expenses						116,930	63,690
								948,776	720,408

10.	Support costs
										2022	2021
										E
	Governance									6,600	4,300
	Finance									231	275
	Information		technology							8,150	7,000
	Gross wages		and salaries							333,687	244,299
	Pension contributions									32,218	23,477
	Employers'		Nl							26,392	20,301
	Staff gifts and			travel and		subsistence				11,291	4,306
	Depreciation									22,924	19,096
	Office costs		(including		rental)					108,464	109,021
	Other									19,804	10,886
										569,761	442,961
11.	Governance costs
										2022	2021
											E
	Trustee remuneration				and expenses
	Consultancy
	Auditor's remuneration									6,600	4,300
	Other
										6,600	4,300
	All ofthe above			costs were		attributable	to	unrestricted	funds.
12.	Exceptional items
										2022	2021
											E
	Bad debt										996
											996
13.	Net gains/(losses)			on investments
										2022	2021
										f
	Realised Profit(Loss) on disposal of						investment			(10,881)	(1,393)
	assets held	by		income funds
	Unrealised	(losses)/gains				on investment		assets		(332)	36,382
	held by income funds
										(11,213)	34,989

sis of staf nnel	f costs, trustee remuneration	and expenses and the cost of	key manag
		2022	2021
Gross wages	and salaries	805,648	634,830
Platten Trust wages			384
Employers'	Nl	74,614	58,084
Pension contributions		76,381	66,984
		956,643	760,282

the accounts for the year	ended 31August 2022	ended 31August 2022
Net income/(expenditure)	for the year
				2022		2021
This is stated after charging:
Auditor's remuneration				6,600		4,300
Accountancy services	provided	by the auditor		7,616		7,061
Operating leases —equipment				4,601		4,085
Depreciation				47,642		39,727
Loss/(profit) on disposal oftangible fixed assets						(91)
Tangible Fixed Assets
		Freehold	Plant and	Fixtures	and	Total
		Land and	machinery	fittings
		Buildings
			E		6	6
Cost
At 1September 2021		540,247	717,535	211,550		1,469,332
Additions		60,339	41,260	68,104		169,703
Disposals
At 31August 2022		600,586	758,795	279,654		1,639,035
Depreciation
.At 1September 2021		242,419	650,179	144,898		1,037,496
Charge foryear		11,874	24,719	11,049		47,642
Disposals
At 31August 2022		254,293	674,898	156,947		1,085,138
Net Book Value
At 31August 2022		346,293	83,897	123,707		553,897
At 31August 2021		297,828	67,356	66,652		431,836

	2022	2021
Market value at beginning ofyear	288,356	250,782
Disposals proceeds	(142,533)	(71,498)
Acquisitions at cost	143,420	70,513
Cash movement	1,741	3,570
Change in value in the year	(11,213)	34,989
Market value at end ofyear	279,771	288,356
istorical cost	6255,803	6235,074

		2022	2021
		f	f
Equities		170,139	155,377
Asset allocation funds			31,184
Alternative investments		50,901	11,915
Emerging markets		8,263
Fixed interest	securities	36,783	75,448
Money market investment			2,489
Cash held within the		13,685	11,943
investment	portfolio
		279,771	288,356
Debtors
		2022	2021
Amounts falling due within one year		E	f
Trade debtors		144,184	159,604
Prepayments	and accrued income	120,664	32,974
		264,848	192,578

20.	Creditors - amounts falling due within one year	Creditors - amounts falling due within one year	Creditors - amounts falling due within one year	Creditors - amounts falling due within one year	Creditors - amounts falling due within one year	Creditors - amounts falling due within one year	Creditors - amounts falling due within one year
									2022	2021
									f
		Trade creditors							78,361	21,613
		Taxation and social		security					30,705	16,647
		Other creditors							28,388	19,862
		Accruals							39,932	30,178
		Deferred income	( note 22)						26,222	38,923
									203,608	127,223
21.	Deferred income
	Income deferred since				relates to	future training courses:
									2022	2021
									6	f
		Broughtforward							38,923	3,713
		Released in year							(38,923)	(3,713)
		Re following year							26,222	38,923
		Carried forward							26,222	38,923
22.	Obligations under non-cancellable					operating	leases
	Future minimum rentals payable					under non-cancellable		operating	leases are	as follows:
									2022	2021
									f	f
		Within one year							4,594	4,594
		In two to five years							4,593	9,187
		In over five years
									9,187	13,781
	Reconciliation ofnet		income / (expenditure)				to net cash flow from		operating	activities
								2022		2021
								f
	Net income / (expenditure)			foryear / period				230,729		194,067
	Dividends	received						(4,385)		(4,612)
	Interest received							(513)		(137)
	Depreciation and impairment				oftangible	fixed assets		47,641		39,727
	(Gains) /	losses on investments						11,213		(34,989)
(Profit) /		loss on disposalof	tangible fixed assets							(91)
(Increase) / decrease in debtors								(72,270)		(77,902)
	Increase	/ (decrease) in creditors						76,384		38,500
	Net cash	flow from operating			activities			288,799		154,563