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||||||Page|
|---|---|---|---|---|---|
|Charity Reference and|Administrative|Details|||2|
|Trustees'<br>Annual<br>Report|||||3|
|Independent<br>Auditor's|Report||||9|
|Statement of Financial|Activities (Including||Income and Expenditure||14|
|Account||||||
|Balance Sheet|||||15|
|Cash Flow Statement|||||16|
|Notes to the Financial|Statements|||17to 27||





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||||Notes|2022|2021|
|---|---|---|---|---|---|
|||||f||
|Income and endowment|from|||||
|Donations<br>and legacies||||20,870|30,106|
|Charitable<br>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<br>management|fees||7|2,271|2,164|
|Charitable<br>activities|||8|1,518,537|1,163,369|
|Other —exceptional<br>item|||12||996|
|Total Expenditure||||1,520,808|1,166,529|
|Net gains/(losses)<br>on investments|||13|(11,213)|34,989|
|Net income/(expenditure)||and net||230,728|194,067|
|movement<br>in funds for the||year||||
|Reconciliation<br>offunds||||||
|Total Funds brought<br>forward||||990,476|796,409|
|Total funds carried forward||||1,221,204|990,476|





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|||||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<br>(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<br>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<br>to acquire investments|||(143,419)|(70,512)|
|Receipts from sale of investments|||142,533|71,498|
|Payments to acquire tangible<br>fixed assets|||(169,703)|(36,713)|
|Receipts from sale oftangible fixed assets||||91|
|Interest received|||513|137|
|Dividends<br>received|||4,385|4,612|
|Net cash provided<br>by investing<br>activities|||(165,691)|(30,887)|
|Cash flows from financing|activities||||
|Interest<br>paid|||||
|Net cash outflow from financing|||||
|Net Increase/(Decrease)<br>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|





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||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||||f|6|
|||JRSgrants re|furlough||scheme|||18,240|
|||Apprentice<br>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<br>management|costs||||||||
|||||||||2022|2021|
|||||||||E|E|
||Investment<br>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<br>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<br>directly|||||||||
|||||||||2022|2021|
||||||||||f|
||Unrestricted<br>costs|||||||||
||Other<br>costs<br>relating<br>to||Charitable|||activities||||
||comprise|||||||||
||Gross wages and salaries|||||||471,961|390,531|
||Employers'<br>Nl|||||||48,221|37,783|
||Platten Trust wages||||||||384|
||Pension contributions|||||||44,163|43,507|
||Depreciation<br>of assets||used|for||charitable||24,718|20,631|
||purpose|||||||||
||Materia Is and cons uma<br>b les|||||||65,976|22,779|
||Bought in services|||||||143,931|116,745|
||Safety clothing<br>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<br>costs|||||||||||
|||||||||||2022|2021|
||||||||||||E|
||Trustee remuneration||||and expenses|||||||
||Consultancy|||||||||||
||Auditor's<br>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<br>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|





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|sis<br>of staf<br>nnel|f costs, trustee<br>remuneration|and expenses<br>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|



## 

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|during the f|inancial|year amounted to:|||
|---|---|---|---|---|
||||2022|2021|
|Lecturers and|training|providers|15|15|
|Management|and admin staff||11|8|
||||26|23|







|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<br>remuneration||||6,600||4,300|
|Accountancy<br>services|provided|by the auditor||7,616||7,061|
|Operating<br>leases —equipment||||4,601||4,085|
|Depreciation||||47,642||39,727|
|Loss/(profit)<br>on disposal oftangible<br>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|





## 

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



## 

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|||2022|2021|
|---|---|---|---|
|||f|f|
|Equities||170,139|155,377|
|Asset allocation<br>funds|||31,184|
|Alternative<br>investments||50,901|11,915|
|Emerging<br>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<br>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<br>falling due within one year|Creditors - amounts<br>falling due within one year|Creditors - amounts<br>falling due within one year|Creditors - amounts<br>falling due within one year|Creditors - amounts<br>falling due within one year|Creditors - amounts<br>falling due within one year|Creditors - amounts<br>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<br>since||||relates to|future training courses:|||||
||||||||||2022|2021|
||||||||||6|f|
|||Broughtforward|||||||38,923|3,713|
|||Released<br>in year|||||||(38,923)|(3,713)|
|||Re following year|||||||26,222|38,923|
|||Carried forward|||||||26,222|38,923|
|22.|Obligations<br>under non-cancellable|||||operating|leases||||
||Future minimum<br>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<br>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<br>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<br>in debtors||||||||(72,270)||(77,902)|
||Increase|/ (decrease) in creditors||||||76,384||38,500|
||Net cash|flow from operating|||activities|||288,799||154,563|





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