# ## |||||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|| ## ##