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|---|---|---|---|
|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|
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|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|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|||||||
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|||||||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|
##
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|Cash flows from operating|activides:|||Notes|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|
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||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|
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|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|
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|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|
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|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|
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|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|
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|||||||||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|
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