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|||||Page|
|---|---|---|---|---|
|Report of the|Trustees|||1 to8|
|Report of the|Independent|Auditors||9to 10|
|Consolidated|Statement|of Financial|Activities||
|Consolidated|Balance Sheet|||12|
|Charity Balance Sheet||||13|
|Consolidated|Cash Flow|Statement||14to 15|
|Notes to the|Consolidated|Financial|Statements|16to 23|
##
|Name:|||Humberside
Engineering|Humberside
Engineering|Humberside
Engineering|Training|Training|Association|Association|Association|Limited|Limited||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Charitable||Objectives:|To advance
the||theoretical||and|practical||education|||and||training|||of|persons||engaged||||or|
||||intending
to be|engaged||in the engineering||||industry.||||||||||||||||
|Company|Number:||01007353|||||||||||||||||||||||
|Constitution:|||The Company|is|limited|by guarantee.||||It was||incorporated|||||on|7w|April|1971||under|||the|
||||Companies
Acts||1948|to|1967 and||is|governed|||by|its||Memorandum||||and||Articles|||of|
||||Association as|amended||September 1980and|||||April,||1995|||||||||||||
|Trustees (who are also|||The directors who||held office during the||||year,||and up||to the||date of|||this|report are:-|||||||
|directors):||||||||||||||||||||||||||
||||M.T Joslin|(Chair)||||||||A.J.Hepton|||||—Resigned|||13/11/2020||||||
||||R.M. Swain|||||||||L. Maloigne||||||||||||||
||||I.C.Palmer|||||||||E.J.Greenfield|||||—Appointed|||13/07/2020||||||
||||R.B.C. Ripley —Resigned|||28/08/2020||||||D.J.Oliver|||||—Appointed|||13/07/2020||||||
||||D.P. Sowden|||||||||M T.|Daubney||||—Appointed|||28/08/2020||||||
||||T. Mottershead|||||||||||||||||||||||
|Appointment||ofTrustees:|A person
who|is|not a|member||or the|duly||appointed|||representative|||||of|a member||||of|the|
||||Association
shall||not be|eligible||to hold|office||as a member|||||of|the|Board.||Persons|||meeting|||
||||the criteria above||are nominated|||by the|directors|||and|appointed||||at|board meetings.||||||||
|Chief Executive:|||I. Eliiott|||||||||||||||||||||||
|Registered||Office:|27-31 Dansom|Lane||||||||||||||||||||||
||||Hull|||||||||||||||||||||||
||||HU8 7LA|||||||||||||||||||||||
|Registered||Charity Number:|508775|||||||||||||||||||||||
|Auditors:|||Smailes Goldie|||||||||||||||||||||||
||||Chartered
Accountants|||||||||||||||||||||||
||||Statutory
Auditor|||||||||||||||||||||||
||||Regent's
Court|||||||||||||||||||||||
||||Princess Street|||||||||||||||||||||||
||||Hull|||||||||||||||||||||||
||||East Yorkshire|||||||||||||||||||||||
||||HU2 8BA|||||||||||||||||||||||
|Bankers:|||HSBC|||||Santander||||||||||||||||||
||||Merit House|||||2|Humber|||Quays||||||||||||||
||||Pnory Park West|||||Wellington||||Street||||||||||||||
||||Hessle|||||Hull||||||||||||||||||
||||Hull|||||HU1 2BN||||||||||||||||||
||||HU13 9PB|||||||||||||||||||||||
|Solicitors:|||Bndge McFarland|||||||||||||||||||||||
||||1 Marina Court|||||||||||||||||||||||
||||Hull|||||||||||||||||||||||
||||HU1 2AZ|||||||||||||||||||||||
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|Schools Activities 2018-2019|Schools Activities 2018-2019|Schools Activities 2018-2019||Schools|Activities 2019-2020|
|---|---|---|---|---|---|
|||||Activities ended March KZe due to Could-19||
|School|Visits||||School Visits|
|140School Visits||||1245choo I Visits||
|8College Visits||||9College Visits||
|16Careers Fair with multiple|schools attending|||13Careers Fair with|multiple
schools attending|
|121Appointments
with Career Advisors||||121Appointments
with Career Advisors||
|6appointments||||13appointments
with Career Advisors||
|Schools Visiting Centre||||Schoo/s Visiting Centre||
|16Taster Days||||7Taster Days||
|6schools attended
workshop|tours|||4schools attended|workshop
tours|
|Work Experience||||Work Experience||
|7Schools attended
work experience||||10schools booked|for work experience (Cancelled)|
|Competitions|||||Competitions|
|Marine Apprenticeship
essay|competition,|open for all||Equality & Diversity|Poster Competition|
|schools. In partnership
with|Delta Academies||and|||
|North Atlantic. Prize A 5-day|trip on board|Tall|Ship|||
|FIE engineering
competition|open for all schools to|||Contributed
to multiple
schools' careers fair||
|enter.||||competitions
and making
HETA march as prizes.||
|Health
Well 8ein
and Personal
Develo||ment for staff||and learners||
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|||||2020||2019||
|---|---|---|---|---|---|---|---|
|||||||E||
||||Notes|||||
|INCOME AND ENDOWMENTS|||FROM|||||
|Donations
and Legacies||||||||
|Government
Grants|||||12,008|||
|Charitable
activities||||||||
|Apprentice
Training||||4,011,121||4,071,866||
|HNC & HND||||515,893||518,266||
|Adult Training||||610,998||712,910||
|Work with Schools||||6 DDD||5,850||
||||||5,144,012||5,308,892|
|Investment
income|||||3,250||3,382|
|Other income|||||8,076||48,415|
|Total|||||5,167,346||5,360,689|
|EXPENDITURE ON||||||||
|Charitable
activities||||||||
|Apprentice
Training||||3„778,689||3,661,231||
|HNC & HND||||557,480||614,561||
|Adult Training||||690,765||704,255||
|Work with Schools||||24,793||7,436||
|Total|||||5,051,727||4,987,483|
|NET INCOME|||||115,619||373,206|
|RECONCILIATION|OF FUNDS|||||||
|Total funds brought|forward||||6,363,163||5,989,957|
|TOTAL FUNDS CARRIED||FORWARD||||||
|CONTINUING
OPERATIONS||||||||
|All income and expenditure||has|arisen from continuing|activities.||||
##
|At 31st|
August 2020||||
|---|---|---|---|---|
||||2020|2019|
||||Unrestricted|Unrestricted|
||||funds|funds|
|||Notes|f|f|
|FIXEDASSETS|||||
|Tangible|assets|12|6,651,373|6,643,149|
|CURRENT ASSETS|||||
|Debtors||14|517,954|1,047,751|
|Cash at|bank||1,421,210|1,133,446|
||||1,939,164|2,181,197|
|CREDITORS|||||
|Amounts|falling due within one year|15|(638,381)|(832,112)|
|NET CURRENT ASSETS|||~1300783|1,349,085|
|TOTAL|ASSETS LESSCURRENT LIABILITIES||7,952,156|7,992,234|
|CREDITORS|||||
|Amounts|falling due after more than one year|16|(1,473,374)|(1,629,071)|
|NET ASSETS|||6,478,782|6,363,163|
|FUNDS||20|||
|Unrestricted
funds|||6,478,782|6,363,163|
|TOTAL|FUNDS||6,478„782|6,363,163|
##
##
|||2020|2019|
|---|---|---|---|
|||Unrestricted|Unrestricted|
|||funds|funds|
||Notes|6|2|
|FIXEDASSETS||||
|Tangible assets|12|6,651,373|6,643,149|
|Investments|13|1|1|
|||6,651,374|6,643,150|
|CURRENT ASSETS||||
|Debtors||859,234|1,297,884|
|Cash at bank||1,015,374|805,080|
|||1,874,608|2,102,964|
|CREDITORS||||
|Amounts
falling due within one year|15|(635,659)|(828,566)|
|NET CURRENT ASSETS||1,238,949|1,274,398|
|TOTAL ASSETS LESSCURRENT LIABILITIES||7,890,323|7,917,548|
|CREDITORS||||
|Amounts
falling due after more than one year|16|(1,473,374)|(1,629,071)|
|NET ASSETS||6,416,949|6,288,477|
|FUNDS||||
|Unrestricted
funds||6,416,949|6,288,477|
|TOTAL FUNDS||6,416,949|6,288,477|
##
|for the year ended 31stA|ugust
2020||||||
|---|---|---|---|---|---|---|
||||||2020|2019|
|||||Notes|6||
|Cash flows from operating|activities:||||||
|Cash generated
from operations|||||749,805|347,267|
|Net cash provided
by (used in) operating|||||||
|activities|||||749,805|347,267|
|Cash flows from investing|activities:||||||
|Purchase oftangible fixed assets|||||(284,063)|(421,137)|
|Receipts from sales oftangible
fixed assets|||||||
|Interest received
Interest
paid|||||3,250
~39148)|3,382
~58,764)|
|Net cash provided
by (used in) investing
activities|||||~319961)|~47651ti,|
|Cash flows from financing
Loan repayments
in year|activities:||||~142,080)|~150,941)|
|Change
in cash and cash|equivalents|in the|||||
|reporting
period|||||287,764|(280,193)|
|Cash and cash equivalents|at the beginning||of||||
|the reporting
period|||||1,133,446|1,413,639|
|Cash and cash equivalents|at the end|ofthe|||||
|reporting
period|||||1,421,210|1,133,446|
##
##
|year ended 31stA|ugust
2020|ugust
2020||||
|---|---|---|---|---|---|
|RECONCILIATION|OF NET INCOME TO NET CASH FLOW||FROM OPERATING|ACTIVITIES||
|||||2020f|2019f|
|Net income for the|reporting|period (as per the statement|offinancial|||
|activities)||||115,619|373,206|
|Adjustments
for:||||||
|Depreciation
charges||||275,266|256,559|
|(Profit)/Loss
on disposal offixed assets||||573||
|Interest received||||(3,250)|(3,382)|
|Interest paid||||39,148|58,764|
|(Increase)/decrease|in debtors|||529,797|(18,952)|
|Increase/(decrease)|in creditors|||~207,348)|(318,928)|
|Cash generated
from operations||||749,805|347,267|
|ANALYSIS OF CHANGES
IN NET DEBT||||||
|ANA|LYSIS OF CHANGES
IN NE|T DEBT||||
|---|---|---|---|---|---|
|||||Other||
|||||non-cash||
|||At 1.9.19
f|Cash flow
f|changes|At 31.8.20
f|
|Net cash||||||
|Cash|at bank|~1,133446|287,764||1,421,210|
|||1,133,446|287,764||1,421,210|
|Debt||||||
|Debts|falling due|||||
|within|1 year|(164,624)||(13,616)|(178,240)|
|Debts
after|falling due
1 year|~1.6 66
1|142,080|3.616|~1473375,|
|||~1793695)|142,080||1 651615|
|Total||660,249|429,844||230,405|
##
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|INCOME FROM CHARITAB|LE ACTIVITIE|S||||
|---|---|---|---|---|---|
||Activity|||2020f|2019
F|
|Apprentice fees|Apprentice|Training||776,225|820,622|
|ESFA funding|Apprentice|Training||3,234,896|3,251,244|
|ESFA funding|HNC & HND|||102,200|55,350|
|HNCincome|HNC & HND|||413,693|462,916|
|Adult training|Adult Training|||570,972|655,725|
|Passport|Adult Training|||40,026|57,185|
|Get set project|Work with|Schools||6,000|5,850|
|||||~5,144012|5,308,892|
|INVESTMENT INCOME||||||
|||||2020f|2019
f|
|Deposit account interest||||3,250|3,382|
|CHARITABLE ACTIVITIES|COSTS|||||
||||Support|2020|2019|
|||Direct costs|CostS|Totals|Totals|
|||f|(See note 7)
f|f|f|
|Apprentice
Training||2,698,409|1,080,280|3,778,689|3,661,231|
|HNC & HND||369,279|188,201|557,480|614,561|
|Adult Training||457,569|233,196|690,765|704,255|
|Work with Schools||16423|8~370|24793|7436|
|||3,541,680|1,510,047|5,051,727|4,987,483|
|SUPPORT COSTS||||||
||||||Human|
||||Management
F|Finance
f|resources
f|
|Apprentice
Training|||155,933|152,069|485,288|
|HNC & HND|||27,166|26,492|84,544|
|Adult Training
Work with Schools|||33,661
~1208|32,826
1,178|104,758
3 766|
||||~217968|~212565|~678 350|
||||Governance|2020|2019|
|||Other
f|costs
f|Totals
f|Totals
f|
|Apprentice
Training||242,451|44,539|1,080,280|1,074,179|
|HNC8
HND||42,239|7,760|188,201|216,981|
|Adult Training||52,337|9,614|233,196|248,650|
|Work with Schools||1,878|346|8,370|2,625|
|||338,905|62,259|1,510,047|1,542,435|
##
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|STAFF COS|TS||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2020
E|2019f|
|Wages and salaries|||||||||2,965,519|2,974,630|
|Social security costs
Other pension costs|||||||||234,506
~324 145|202,212
309,226|
||||||||||3,524,170|3,486,068|
|The average|monthly|number||of FTE employees||during the year|was as|follows:|||
||||||||||2020|2019|
|Management|||||||||4|4|
|Administration|||||||||16|16|
|Training
and|support||||||||54|51|
|Apprentices-HATA|||||||||40|47|
||||||||||114|118|
|The number|ofemployees||whose employee||benefits (excluding||employer|pension|costs) exceeded|660,000was|
||||||||||2020|2019|
|E60,001 —F70,000|||||||||2|2|
##
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|TANGIBLE FIXEDASSETS||||
|---|---|---|---|
||Land and|Plant and||
|Group and Charity|Buildings
f|machinery
f|Totals|
|COST||||
|At 1st September 2019|6,827,998|1,867,717|8,695,715|
|Additions
Disposals|31,280
~220|252,783
t109,885I|284,063
~110105)|
|At 31st August 2020|6,859,058|2,010,615|~8,869 673|
|DEPRECIATION||||
|At 1stSeptember 2019
Charge for year
Eliminated
on disposal|973,089
116,230
~4|1,079,477
159,036
~109,520|2,052,566
275,266
~109,532|
|At 31stAugust 2020|1,089,315|1,128,985|2,218,300|
|NET BOOK VALUE||||
|At 31stAugust 2020|5,769,743|881,630|6,651,373|
|At 31stAugust 2019|5,854,909|788,240|6,643,149|
|FIXED ASSET INVESTMENTS||||
||||Shares
in|
|Charity|||group|
||||undertakings|
||||Z|
##
|||Group|||Charity||
|---|---|---|---|---|---|---|
||2020
f||2019
f|2020
f||2019
f|
|Trade debtors|418,295||932,731|412,970||852,629|
|Amounts
owed by group undertakings
Prepayments|~99659||115,020|346,605
99,659||330,235
115,020|
||~517954||1,047,751|~859234||1,297,884|
##
##
|CREDITORS: AMOUNTS|FALLING DUE WITHIN|ONE YEAR|ONE YEAR|||
|---|---|---|---|---|---|
||||Group|Charity||
|||2020|2019|2020|2019|
|||6|5|6|F|
|Bank loans and overdrafts|(see note 17)|178,240|164,624|178,240|164,624|
|Trade creditors||177,689|234,658|177,689|234,657|
|Amounts
owed to group undertakings
Social security
and other taxes||114,856|117,794|1
112,133|1
114,248|
|Accrued expenses||167,596|315,036|167,596|315,036|
||~638381||832,112|635,659|828,566|
|CREDITORS: AMOUNTS|FALLING DUE AFTER|MORE THAN ONE YEAR||||
|Group and Charity||||||
|||||2020
6|2019
f|
|Bank loans (see note 17)||||1,473,374|1,629,071|
|BANK LOANS||||||
|An analysis
ofthe maturity|of loans is given below:|||||
|Group and Charity||||2020|2019|
||||||f|
|Amounts
falling due within|one year on demand|||178,240|164,624|
|Amounts
falling due between
two and five years||||692,446|692,109|
|Amounts
falling due m more than five years||||780,928|936,962|
|||||~1651,614|1,793,695|
##
##
##
|Group and Charity|||
|---|---|---|
||2020f|2019
5|
|Less than one year|130,000|130,000|
|Between 2 and 5 years|130,000||
||260,000|130,000|
##
##
|Group|and ch|arity||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2020f|2019
E|
|Bankloans||||||||~1651614|1,793,695|
|The loans are||secured|by charges|over the charity's freehold|land and buildings.|||||
|MOVEMENT||IN FUNDS||||||||
|||||||Net||Transfers||
|||||||movement|in|between||
|||||At1.9.19||funds||funds|At 31.8.20|
|||||||6||K||
|Unrestricted||funds||||||||
|General|fund|||6,363,163||115,619|||6,478,782|
|TOTAL|FUNDS|||~6363163||~115|619||~6,478 782|
|Net movement||in funds,|included|in the above are as follows:||||||
|||||||Incoming||Resources|Movement|
|||||||resources||expended|in funds|
|||||||K||5||
|Unrestricted||funds||||||||
|General|fund|||||~5,155|338|5,039,719|~115619|
|TOTAL|FUNDS|||||5,155,338||5,039,719|115,619|
##
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