2023-08-31-accounts

				Page
Charity Reference and	Administrative	Details		2
Trustees' Annual Report				3
Independent 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

			Notes	2023	2022
				E	E
Income and endowment	from
Donations and legacies				17,172	20,870
Charitable activities				2,049,657	1,736,585
Other trading activities				764	396
Investments				6,381	4,898
Otherincome				14,000
Total income and endowments				2,087,974	1,762,749
~ECht
Investment management	fees		7	2,648	2,271
Charitable activities			8	1,899,000	1,518,537
Other —exceptional item			12	(1,378)
Total Expenditure				1,900,270	1,520,808
Net gains/(losses) on investments			13	(1,509)	(11,213)
Net income/(expenditure)		and net		186,195	230,728
movement in funds for the		year
Reconciliation offunds
Total Funds brought forward				1,221,204	990,476
Total funds carried forward				1,407,399	1,221,204

Cash flow forthe year ended 31August 2023	Cash flow forthe year ended 31August 2023
		Notes	2023	2022
			6	6
Cash flow from operating	activities	25	149,000	288,799
Cash flows from investing	activities
Payments to acquire investments			(30,252)	(143,419)
Receipts from sale ofinvestments			20,818	142,533
Payments to acquire tangible fixed assets			(269,447)	(169,703)
Receipts from sale oftangible fixed assets			14,000
Interest received			596	513
Dividends received			5,785	4,385
Net cash provided by investing activities			(258,500)	(165,691)
Cash flows from financing	activities
Interest paid
Net cash outflow from financing
Net Increase/(Decrease)	in cash and cash equivalents		(109,500)	123,108
Cash and cash equivalents	at 1September 2022		339,981	216,873
Cash and cash equivalents	at 31August 2023		230,481	339,981
Cash and cash equivalents	consist of
Cash in hand			189	43
Cash held within investment portfolio			7,907	13,685
Notice deposit (less than	3 months)		222,385	326,253
Cash and cash equivalents	at 31August 2023		230,481	339,981

					2023	2022
					f
	Apprentice funding	grant for own		staff	500	500
	Capital grants release (see note 22)				4,672
	Better employment	grant			12,000
	Kickstart grants					20,370
					17,172	20,870
3.	Income from charitable		activities
					2023	2022
					E	f
	Apprentice training				1,545,243	1,375,269
	Commercial training				501,446	361,316
	Aptitude testing fees				2,968
					2,049,657	1,736,585
4.	Income from other trading activities
					2023	2022
					E	f
	Other				764	396
					764	396
5.	Income from investments
					2023	2022
						E
	Income from listed investments			—Dividends	5,785	4,385
	Interest receivable				596	513
					6,381	4,898

6.	Other income
								2023	2022
								E	E
	Profit on sale oftangible		fixed	assets				14,000
								14,000
7.	Investment management	costs
								2023	2022
								E	E
	Investment manager	fees						2,648	2,271
								2,648	2,271
	All the above costs were attributable				to	unrestricted	funds.
8.	Analysis ofexpenditure	on charitable			activities
								2023	2022
								6	f
	Charitable activities
	Activities undertaken	directly					9	1,125,791	948,776
	Support costs						10	773,209	569,761
								1,899,000	1,518,537
	All the above costs were attributable				to	unrestricted	funds.
9.	Activities undertaken directly
								2023	2022
								6	f
	Unrestricted costs
	Other costs relating	to	Charitable			activities
	comprise
	Gross wages and salaries							595,206	471,961
	Employers' Nl							61,120	48,221
	Pension contributions							47,301	44,163
	Depreciation of assets		used	for		charitable		48,435	24,718
	purpose
	Materials and consumables							79,566	65,976
	Bought in services							79,799	143,931
	Safety clothing and cleaning							39,738	32,876
	Training courses and	expenses						174,626	116,930
								1,125,791	948,776

10.	Support costs
										2023	2022
										E	E
	Governance									7,200	6,600
	Finance									259	231
	Information technology									15,179	8,150
	Gross wages and		salaries							417,796	333,687
	Pension contributions									32,315	32,218
	Employers' Nl									34,663	26,392
	Health insurance		premiums							6,577
	Staff gifts and	travel and			subsistence					19,150	11,291
	Depreciation									27,437	22,924
	Office costs (including			rental)						161,788	108,464
	Professional fees		including			accountancy				33,630	9,165
	Marketing costs									11,047	3,283
	Other									6,168	7,353
										773,209	569,761
11.	Governance costs
										2023	2022
										E	E
	Trustee remuneration			and expenses
	Auditor's remuneration									7,200	6,600
	Other
										7,200	6,600
	All ofthe above costs were				attributable		to	unrestricted	funds.
12.	Exceptional items
										2023	2022
										E	f
	Bad debt provision		released							(1,378)
										(1,378)
13.	Net gains/(losses)	on	investments
										2023	2022
										f	E
	Realised Profit	(Loss) on disposal ofinvestment								(1,419)	(10,881)
	assets held by	income funds
	Linrealised (losses)/gains				on investment			assets		(90)	(332)
	held by income funds
										(1,509)	(11,213)

ysis of staf nnel	f costs,	trustee rem	unerati	on and expen	ses and the cost of	key manag
					2023	2022
Gross wages	and salaries				1,016,077	805,648
Employers'	Nl				95,783	74,614
Pension contributions					79,615	76,381
Private health		insurance	for	senior	6,577
management
					1,198,052	956,643

during the f	inancial	year amounted to:
			2023	2022
			E	E
Lecturers and	training	providers	18	15
Management	and admin staff		13	11
			32	26

the	accounts for the year ended 31August 2023	accounts for the year ended 31August 2023
Net	income/(expenditure) for the year
			2023	2022
	This is stated after charging:
	Auditor's remuneration		7,200	6,600
	Accountancy services provided	by the auditor	6,870	7,616
	Operating leases —equipment		4,933	4,601
	Release ofcapital grant received	(see note 22)	(4,672)
	Depreciation		75,873	47,642
	Loss/(profit) on disposal oftangible fixed assets		(14,000)

Tangible Fixed Assets
	Freehold	Plant and	Fixtures and	Total
	Land and	machinery	fittings
	Buildings
	6
Cost
At 1September 2022	600,586	758,795	279,654	1,639,035
Additions		256,861	27,086	283,947
Disposals		(14,500)		(14,500)
At 31August 2023	600,586	1,001,156	306,740	1,908,482
Depreciation
At 1September 2022	254,293	674,898	155,947	1,085,138
Charge for year	13,062	48,682	14,129	75,873
Disposals		(14,000)		(14,000)
1August 2023	267,355	709,580	170,076	1,147,011
Net Book Value
At 31August 2023	333,231	291,576	136,664	761,471
At 31August 2022	346,293	83,897	123,707	553,897

				2023	2022
				E	E
Market	value	at beginning	ofyear	279,771	288,356
Disposals proceeds				(20,818)	(142,533)
Acquisitions		at cost		30,252	143,420
Cash movement				(5,778)	1,741
Change	in value in the year			(1,433)	(11,213)
Market	value	at end ofyear		281,994	279,771
storical	cost			E256,997	E255,803

				2023	2022
				E	f
Equities				171,942	170,139
Alternative		investments		50,492	50,901
Emerging		markets		50,415	8,263
Fixed interest			securities	1,238	36,783
Cash held		within the		7,907	13,685
investment			portfolio
				281,994	279,771
Debtors
				2023	2022
Amounts	falling due within one year				E
Trade debtors				218,404	144,184
Prepayments			and accrued income	178,253	120,664
				396,657	264,848

20.	Creditors - amounts		falling due within	falling due within	one	year
									2023	2022
									f	f
	Trade creditors								71,903	78,361
	Taxation and social security								26,561	30,705
	Other creditors								26,172	28,388
	Accrua Is								44,052	39,932
	Deferred income			re future training		courses			16,520	26,222
	(note 21)
	Deferred income			re capital grants (note		22)			18,690
									203,898	203,608
21.	Deferred income re		future training courses
	Income deferred	since relates to future training					courses:
									2023	2022
									f	E
	Brought forward								26,222	38,923
	Released in year								(26,222)	(38,923)
	Re following year								16,520	26,222
	Carried forward								16,520	26,222
22.	Deferred income re		capital grants
	Income deferred		since relates to capital			expenditure		(released	at same	rate as capital assets
	depreciated):
									2023	2022
									E	6
	Brought forward
	Capital grants received								74,761
	Released in year								(4,672)
	Carried forward		split as below						70,089
	Falling due within			one year (note 20)					18,690
	Falling due after		one year (note 23)						51,399
	Total								70,089
23.	Creditors - amounts		falling due after one year
									2023	2022
										f
	Deferred income			re capital grants	due	in less			51,399
	than 5years (note			22)
									51,399

							2023		2022
							E		E
	Within one year						5,103		4,594
	In two to five years								4,593
	In over five years
							5,103		9,187
Reconciliation ofnet income /			(expenditure)		to net cash flow from		operating	activities
						2023		2022
						f		E
Net income / (expenditure)		for year	/ period			186,195		230,729
Dividends	received					(5,785)		(4,385)
Interest received						(596)		(513)
Depreciation and impairment		oftangible		fixed assets		61,873		47,641
(Gains) /	losses on investments					1,432		11,213
(Profit) /	loss on disposal oftangible		fixed	assets		(14,000)
(Increase) / decrease in debtors						(131,809)		(72,270)
Increase	/ (decrease) in creditors					51,690		76,384
Net cash	flow from operating	activities				149,000		288,799