2021-08-31-accounts - Humberside Engineering Training Association Limited

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			Page
Report ofthe Trustees			1 tog
Report ofthe Independent	Auditors		10to 12
Consolidated Statement	of Financial	Activities	13
Consolidated Balance Sheet			14
Charity Balance Sheet			15
Consolidated Cash Flow	Statement		16to 17
Notes to the Consolidated	Financial	Statements	18to 25

Report ofthe Trustees for the Year Ended 31st August 2021	Report ofthe Trustees for the Year Ended 31st August 2021	Report ofthe Trustees for the Year Ended 31st August 2021	Report ofthe Trustees for the Year Ended 31st August 2021	Report ofthe Trustees for the Year Ended 31st August 2021	Report ofthe Trustees for the Year Ended 31st August 2021	Report ofthe Trustees for the Year Ended 31st August 2021	Report ofthe Trustees for the Year Ended 31st August 2021	Report ofthe Trustees for the Year Ended 31st August 2021	Report ofthe Trustees for the Year Ended 31st August 2021	Report ofthe Trustees for the Year Ended 31st August 2021	Report ofthe Trustees for the Year Ended 31st August 2021	Report ofthe Trustees for the Year Ended 31st August 2021	Report ofthe Trustees for the Year Ended 31st August 2021
The trustees who are also directors ofthe charity for the purposes ofthe Companies Act 2006, present their report with the financial statements ofthe group for the year ended 31stAugust 2021, which are also prepared to meet the requirements for a directors' report and financial statements for Companies Act purposes. The trustees have adopted the provisions ofthe Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities" in preparing the annual report and
financial statements				ofthe charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the chanty's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement ofRecommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
LEGAL AND			ADMINISTRATIVE		INFORMATION
Name:					Humberside Engineering	Training Association 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 Companies Acts 1948to as amended September	by guarantee. It was incorporated on 7' April 1971 under the 1967and isgoverned by its Memorandum and Articles ofAssociation 1980and April, 1995.
Trustees (who are				also	The directors who held otfice during the year, and up to the date ofthis report are:-
directors):
					M.T.Joslin (Chair)
					R.M. Swain I.C. Palmer	T. Mottershead E.J.Greenfield
					L. Maloigne	D.J.Oliver
					D.P. Sowden	M.T.	Daubney
Appointment			ofTrustees:		HETA aims to develop and maintain a diverse group ofthe company. Trustees are identified and recruited		of individuals based on skill	that will support the set and experience.					aim
					No one is entitled to act	as a Trustee whether on appointment or on any reappointment							until
					he or she has expressly acknowledged, in whatever		way the Trustees		decide,		his	or her
					acceptance ofthe oflice	ofTrustee and Member.
					The appointment ofa Trustee must not cause the number ofTrustees to exceed					any number
					fixed as the maximum number ofTrustees.
Chief Executive:					I. Efiiott
Registered			Office:		27-31 Dansom Lans
					Hull
					HU8 7LA
Registered			Charity	Number.	508775
Auditors:					Smailes Goldie	Solicitors:	Bridge McFarland
					Chartered Accountants		1 Marina Court
					Statutory Auditor		Hull
					Regent's Court		HU1 2AZ
					Pnncess Street
					Hull
					East Yorkshire
					HU2 8BA
Bankers:					HSBC	Bankers:	Santander
					3-4Jameson Street		2 Humber	Quays
					Hull		Wellington	Street
					HU1 3JX		Hull
							HU1 2BN

						2021		2020
						6		5
					Notes
INCOME AND ENDOWMENTS				FROM
Donations and Legacies Government Grants									12,008
Charitable acdvitles
Apprentice Training HNC & HND						3,972,830 421,664		4,011,121 515,893
Adult Training Work with Schools						641,642 7 580		610,998 6,000
							5,043,696		5,144,012
Investment income Other income							1,492 ~35 016		3,250 8,076
Total							5,080,636		5,167,346
EXPENDITURE ON
Charitable acgvities Apprentice Training HNC & HND						3,644,200 452,481		3,778,689 557,480
Adult Training Work with Schools						768,791 31,737		690,765 24,793
Total							4,897,209		5,051,727
NET INCOME							183,427		115,619
RECONCILIATION	OF FUNDS
Total funds brought		forward					6,478,782		6,363,163
TOTAL FUNDS CARRIED			FORWARD
CONTINUING OPERATIONS
All income and expenditure			has	arisen from continuing		activities.
FUND ACCOUNTING
All income and expenditure			relates to unrestricted		funds.

		2021	2020
		Unrestricted	Unrestricted
		funds	funds
FIXEDASSETS	Notes	E	E
Tangible assets	12	~663 482	6,651 373
CURRENT ASSETS
Debtors Cash at bank	14	850,568 1,304530	517,954 1,421 210
		2,155,098	1,939,164
CREDITORS
Amounts falling due within one year	15	(838,409)	(638,381)
NET CURRENT ASSETS		~1316689	~1300783
TOTAL ASSETS LESSCURRENT UABIUTIES		7,955,151	7,952,156
CREDITORS
Amounts falling due aRer more than one year	16	(1,292,942)	(1,473,374)
NET ASSETS		~666 209	6478 782
FUNDS	20
Unrestricted funds		6,662,209	6,478,782
TOTAL FUNDS		~666 209	6,478 782

		2021	2020
		Unrestricted	Unrestricted
		funds	funds
	Notes	8
FIXEDASSETS Tangible assets Investments	12 13	6638482 1	6 651 373 1
		6,638,463	6,651,374
CURRENT ASSETS Debtors Cash at bank	14	1,136,114 ~961475	859,234 ~1015,374
		2,097,589	1,874,608
CREDITORS
Amounts falling due within one year	15	(833,264)	(635,659)
NET CURRENT ASSETS		~1264325	1 238,949
TOTAL ASSETS LESS CURRENT LIABILITIES		r,a02,ras	7,890,323
CREDITORS
Amounts falling due after more than one year	16	(1,292,942)	(1,473,374)
NET ASSETS		~6609 846	~6416,949
FUNDS Unrestricted funds		6,609,846	6,416,949
TOTAL FUNDS		~6,609846	~6416,949

Cash flows from operating	activides:			2021	2020f
Cash generated from operations				~375182	749,805
Net cash provided by operating activities				375 182	749805
Cash Rows from investing	activities:
Purchase oftangible fixed assets Interest received Interest paid				(273,104) 1,492 ~42 009)	(284,063) 3,250 ~39,148)
Net cash used in investing	actlvlRes			~313,622)	~319,961)
Cash flows from Rnanclng	activities:
Loan repayments in year				~178241)	~142080)
Change in cash and cash	equivalents	in the
reporting period Cash and cash equivalents	at the beginning		of	(116,680)	287,764
the reporting period				~1421210	~1,133446
Cash and cash equivalents	at the end	ofthe
reporting period				1,304,530	1,421,210

year ended 31stA	year ended 31stA	year ended 31stA	ugust 2021	ugust 2021	ugust 2021	ugust 2021
RECONCILIATION			OF NET INCOME TO NET CASH FLOW				FROM OPERATING			ACTIVITIES
										2021f	2020f
Net income activities)	for	the	reporting		period (as per	the statement	ofgnandal			183,427	115,619
Ad]ustments Depreciation (Profit)/Loss	for: charges on disposal of			fixed assets						286,538 (524)	275,266 573
Interest received										(1,492)	(3,250)
Interest paid (Increase)/decrease Increase/(decrease)			in debtors in creditors							42,009 (332,614) ~197836	39,146 529,797 L207,348)
Cash generated		from operations								375,182	~749 805
ANALYSIS OF CHANGES				IN NET DEBT
										Other
										non-cash
						At 1.9.20 f		Cash Itow f		changes	At 31.8.21 f
Cash
Cash at bank						~1421210			116680		1 30 530
						~1421,210		~116680)			1 30 530
Debt
Debts falling	due
within 1 year						(178,240)				(2,192)	(180,432)
Debts falling after 1 year	due					~1473374		,	178,2411	2,132	~12I21132
						~1,851 614			178 24D		1 473374
Netdebt						~236 4D4			61 5M	~	~168~844

	Activity			2021	2020f
Apprentice fees ESFA funding ESFA funding HNC income	Apprentice Training Apprentice Training HNC & HND HNC & HND			663,175 3,309,655 59,000 362,664	776,225 3,234,896 102,200 413,693
Adult training Passport Get set project	Adult Training Adult Training Work with Schools			597,577 44,065 7,560	570,972 40,026 6000
				~5043696	5,144,012
INVESTMENT INCOME
				2021f	2020f
Deposit account interest				'l,492	3,250
CHARITABLE ACTIVITIES	COSTS
			Support	2021	2020
		Direct costs	costs	Totals	Totals
			(See note 7)
		E	E	E	E
ApprentIce Training		2,603,458	1,040,742	3,644,200	3,778,689
HNC &HND		302,778	149,703	452,481	557,480
Adult Training		514,438	254,353	768,791	690,765
Work with Schools		21237	10500	31737	24 793
		3,441,911	1,455,298	4,897,209	5,051,727
SUPPORT COSTS
					Human
			Management f	Finance f	Iesoulces f
Apprentice Training HNC & HND Adult Training Work with Schools			124,914 17,968 30,529 1 260	141,893 20,410 34,678 1,431	500,898 72,051 122,417 5054
			174,671	198,412	700,420
			Governance	2021	2020
		Other	costs	Totals	Totals
		E	E	f	f
Apprentice Training		230,839	42,198	1,040,742	1,080,280
HNC & HND		33,204	6,070	149,703	188,201
Adult Training		56,416	10,313	254,353	233,196
Work with Schools		2,329	426	10,500	8,370
		322,788	59,007	1,455,298	1,510,047

Net incom	e is stated after charging:
		2021f	2020f
Auditors'	remuneration	9,490	9,466
Depreciation - owned assets Operating lease rentals		286,538 ~130 000	275,266 130000

STAFF COSTS
								2021f	2020f
Wages and salaries Social security costs Other pension costs								2,881,489 210,788 ~350869	2,965,519 234,506 ~324 145
								~3443 146	3524	170
The average monthly	number		of FTE employees		during the year	was as	follows:	2021	2020
Management Administration								5 15		4 16
Training and support Apprentices-HATA								52 32		54 40
								104		114
The number ofemployees		whose employee		benefits (exduding		employer	pension	costs) exceeded	f60,000	was:
								2021	2020
f60,001 - F70,000 f70,001 —f60,000 f80,001 —f90,000										2

TANGIBLE FIXEDASSETS
	Land and	Plant and
Group and Charity	Buildings	machinery	Totals
	6	8
COST
At 1stSeptember 2020 Additions Disposals	6,859,058 9,918	2,010,615 263,186 ~22 711	8,869,673 273,104 ~22 711)
At 31stAugust 2021	6,868976	2251,090	912DIIM
DEPRECIATION
At 1stSeptember 2020 Charge for year Eliminated on disposal	1,089,315 122,500	1,128,985 164,038 ~25234	2,218,300 288,538 ~23234
At 31stAugust 2021	1211,815	1269789	2A816D4
NET BOOK VALUE
At 31stAugust 2021	5657 161	981 3111	6 636482
At 31stAugust 2020	5 769743	881 630	6651,373

	Shares	in
Chartty	gl'oup
	undertakings
COST		8
At 1stSeptember 2020 and 31stAugust 2021
NET BOOK VALUE
At 31stAugust 2021		1
At 31stAugust 2020		1

CREDITORS: AMOUNTS	FALLING DUE WITHIN	ONE YEA	R
			Group	Charity
		2021 f	2020 f	2021 f	2020
Bank loans and overdrafts Trade creditors	(see note 17)	180,432 372,000	178,240 177,689	180,432 371,940	178,240 177,689
Amounts owed to group undertakings Social security and other taxes Accrued expenses 113,350 ~172627			114,856 167,596	1 108,264 172,627	1 112,133 ~167596
		838,409	~638 381	~833 264	635,659
CREDITORS: AMOUNTS	FALLING DUE AFTER	MORE THAN ONE YEAR
Group and Charity				2021 f	2020 f
Bank loans (see note 17)				1 292,942	~1,473374
BANK LOANS
An analysis ofthe maturity	of loans is given below:
Group and Charity				2021f	2020f
Amounts falling due within one year on demand Amounts falling due between two and five years Amounts falling due in more than five years				180,432 623,313 ~669629	178,240 692,446 780,926
				1,473,374	1,651,614

								2021	2020
Bank loans								6 1,473,374	E 1,651,614
The loans are		secured	by charges	over the charity's	freehold	land	and buildings.
MOVEMENT		IN FUNDS
							Net	Transfers
						movement In		between
Unrestricted		funds			At 1.9.20 f		funds 6	funds	At 31.8.21 6
General fund					6,478,782		183,427		6,662,209
TOTAL FUNDS				~6478,782			~183 427	-	~6662 209
Net movement		in funds,	included	in the above are as follows:
							Incoming	Resources	Movement
							resources	expended	In funds
							6	6
Unrestricted	funds
General fund							~5,080636	4,897209	183427
TOTAL FUNDS							~5080,636	4897209	183427