2022-08-31-accounts - Humberside Engineering Training Association Limited

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				Page
Report ofthe	Trustees			1 to 10
Report ofthe	independent	Auditors		11 to 13
Consolidated	Statement	of Financial	Activities	14
Consolidated	Balance Sheet			15
Charity Balance Sheet				16
Consolidated	Cash Flow	Statement		17to 18
Notes to the	Consolidated	Financial	Statements	19to 26

with the Finan	with the Finan	cial Reporting Standard applicable	cial Reporting Standard applicable	in t	he	UK and	Rep	ublic o	f	Ireland	publ	ish	e	d in	Oct	ober	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		by guarantee.			It was		incorporated			on 7'" April			1971 under
			the Companies Acts	1948to 1967and				is governed by its Memorandum								and	Articles
			of Association as amended			September		1980	and 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)
			R.M. Swain					T.		Mottershead
			I.C. Palmer					E.J.Greenfield
			L. Maloigne (Resigned		11 April 2022)			D.J.Oliver
			D.P. Sowden					M.T. Daubney
			L.S.Fretter (Appointed		11	April 2022)
Appointment		ofTrustees:	HETA aims to develop		and	maintain	a	diverse		group of individuals					that will		support
			the aim ofthe company.		Trustees are identified					and recruited				based on skill			set and
			experience.
			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	office of		Trustee			and	Member.
			The appointment of	aTrustee must			not	cause	the number			of	Trustees to exceed any
			number fixed as the	maximum number				ofTrustees.
Chief Executive:			I. Elliott
Registered	Office:		27-31 Dansom Lane
			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
			Princess Street
			Hull
			East Yorkshire
			HU2 8BA

					2022	2021
				Notes
INCOME AND ENDOWMENTS			FROM
Donations and Legacies
Government Grants							432
Charitable activities
Apprentice Training					4,397,513	3,972,830
HNC & HND					352,647	421,664
Adult Training					820,580	641,642
Work with Schools						7,560
					5,570,740		5,043,696
Investment income					3,767		1,492
Other income					66,910		35,016
Total					5,641,417		5,080,636
EXPENDITURE ON
Charitable activities
Apprentice Training					3,936,250	3,644,200
HNC & HND					447,226	452,481
Adult Training					916,373	768,791
Work with Schools					16,833	31,737
Total					5,316,682		4,897,209
NET INCOME					324,735		183,427
RECONCILIATION OF FUNDS
Total funds brought	forward				6,662,209		6,478,782
TOTAL FUNDS CARRIED FORWARD
CONTINUING OPERATIONS
All income and expenditure		has	arisen from	continuing	activities.

Consolidated Balance Sheet At 31stAugust 2022
		2022	2021
		Unrestricted	Unrestricted
		funds	funds
	Notes	E	F
FIXEDASSETS
Tangible assets	12	5,839,521	6,638,462
CURRENT ASSETS
Debtors	14	960,303	850,568
Cash at bank		2,165,546	1,304,530
		3,125,849	2,155,098
CREDITORS
Amounts falling due within one year	15	(827,365)	(838,409)
NET CURRENT ASSETS		2,298,484	1,316,689
TOTAL ASSETS LESSCURRENT LIABILITIES		8,138,005	7,955,151
CREDITORS
Amounts falling due after more than one	16	(1,151,061)	(1,292,942)
year
NET ASSETS		6,986,944	6,662,209
FUNDS	20
Unrestricted funds		6,986,944	6,662,209
TOTAL FUNDS		6,986,944	6,662,209

Company Balance Sheet At 31stAugust 2022
		2022	2021
		Unrestricted	Unrestricted
	Notes	fundsf	funds 6
FIXEDASSETS
Tangible assets	12	5,839,521	6,638,462
Investments	13	1	1
		5,839,522	6,638,463
CURRENT ASSETS
Debtors	14	1,027,966	1,136,114
Cash at bank		2,043,039	961,475
		3,071,005	2,097,589
CREDITORS
Amounts falling due within one year	15	(812,434)	(833,264)
NET CURRENT ASSETS		2,258,571	1,264,325
TOTAL ASSETS LESSCURRENT		8,098,092	7,902,788
LIABILITIES
CREDITORS
Amounts falling due after more than one	16	(1,151,061)	(1,292,942)
year
NET ASSETS		6,947,031	6,609,846
FUNDS
Unrestricted funds	20	6,947,031	6,609,846
TOTAL FUNDS		6,947,031	6,609,846

					2022	2021
				Notes		E
Cash flows from operating activities: Cash generated from operations					564,744	375,182
Net cash provided by operating activities					564,744	375,182
Cash flows from investing	activities:
Purchase of tangible fixed assets					(461,017)	(273,104)
Sale of tangible fixed assets					950,092
Interest received Interest paid					3,767 ~40,045)	1,492 ~42,009)
Net cash used in investing activities					452,797	~313,622)
Cash flows from financing Loan repayments in year	activities:				~156,525)	~178,241)
Change in cash and cash equivalents		in the
reporting period					861,016	(116,680)
Cash and cash equivalents at	the beginning		of
the reporting period					1,304,530	1,421,210
Cash and cash equivalents at	the end	ofthe
reporting period					2,165,546	1,304,530

e year ended 31st	e year ended 31st	e year ended 31st	e year ended 31st	Au	gust 2022	gust 2022
RECONCILIATION				OF	NET INCOME TO NET CASH FLOW		FROM OPERATING		ACTIVITIES
									2022	2021
									F	E
Net income for		the		reporting		period (ss per the statement	offinancial
activities)									324,735	183,427
Adjustments		for:
Depreciation	charges								309,958	286,538
(Profit)/Loss	on		disposal offixed assets						(92)	(524)
Interest received									(3,767)	(1,492)
Interest paid									40,045	42,009
(Increase)/decrease					in debtors				(109,735)	(332,614)
Increase/(decrease)					in creditors				3,600	197,836
Cash generated			from		operations				564,744	375,182
ANALYSIS OF CHANGES						IN NET FUNDS/(DEBT)
									Other
									non-cash
						At 1.9.21 E	Cash	flow E	changes E	At 31.8.22 f
Cash
Cash at bank						1,304,530	861,016			2,165,546
						1,304,530	861,016			2,165,546
Debt
Debts falling	due
within 1 year						(180,432)			14,644	(165,788)
Debts falling after 1 year	due					~7,292,942	156525		~74644	~7,754,567
						~7,473,374	156,525			1,316,849
Net debt						168,844	1,017,541			848,697

INCOME FROM CHARIT	ABLE ACTIVITIES
	Activity	2022 6	2021f
Apprentice fees	Apprentice Training	472,249	663,175
ESFAfunding	Apprentice Training	3,925,264	3,309,655
ESFAfunding	HNC & HND	29,500	59,000
HNCincome	HNC & HND	323,147	362,664
Adult training	Adult Training	785,112	597,577
Passport	Adult Training	35,468	44,065
Get set project	Work with Schools		7,560
		5,570740	5043696

			2022	2021
			E
Deposit	account	interest	3,767	1,492

			Support	2022	2021
		Direct costs	costs	Totals	Totals
			(See note 7)
		E	E	8	E
Apprentice	Training	2,799,488	1,136,762	3,936,250	3,644,200
HNC & HND		305,326	141,900	447,226	452,481
Adult Training Work with Schools		625,618 11492	290,755 3 341	916,373 16333	768,791 31 737
		3,741,924	1,574,758	5,316,682	4,897,209

SUPPORT COSTS
				Human
		Managemen	Finance	resources
		t
			f
Apprentice Training HNC & HND		148,879 18,584	136,269 17,010	583,282 72,810
Adult Training		38,080	34,854	149,188
Work with Schools		699	640	2,742
		206,242	188,773	808,022
		Governance	2022	2021
	Other f	costs f	Totals f	Totals f
Apprentice Training	222,686	45,646	1,136,762	1,040,742
HNC & HND	27,798	5,698	141,900	149,703
Adult Training	56,958	11,675	290,755	254,353
Work with Schools	1,046	214	5,341	10,500
	308,488	63,233	1,574,758	1,455,298
NET INCOME
Net income is stated after charging:
			2022f	2021
Auditors' remuneration			9,490	9,490
Depreciation -owned assets			309,958	286,538
Operating lease rentals			130,000	130,000

STAFF COST	S
				2022	2021
				E
Wages and salaries Social security costs				3,083,703 257,326	2,881,489 210,788
Other pension	costs			363,664	350,869
				3,704,693	3,443,146
The average	monthly	number	of FTEemployees	during the year was as follows:
				2022	2021
Management				5	5
Administration				14	15
Training and	support			55	52
Apprentices-HATA				21	32
				95	104

TANGIBLE FIXEDASSETS
	Land and	Plant and
Group and Charity	Buildings	machinery	Totals
	E	E	E
COST
At 1st September 2021	6,868,976	2,251,090	9,120,066
Additions Disposals	242,722 ~),724,762	218,295 ~16,632)	461,017 (1,734,794)
At 31stAugust 2022	5,386,936	2,459,353	7,846,289
DEPRECIATION
At 1st September 2021	1,211,815	1,269,789	2,481,604
Charge for year Eliminated on disposal	122,537 ~774,762)	187,421 ~1D,032	309,958 ~784,714
At 31stAugust 2022	559,590	1,447,178	2,006,768
NET BOOK VALUE
At 31stAugust 2022	4,827,346	1,012,175	5,839,521
At 31stAugust 2021	5,657,161	981,301	6,638,462

FIXEDASSET INVESTMENTS
	Shares	in
Charity	group
	undertaking
		sf
COST
At 1stSeptember 2021 and 31stAugust 2022
NET BOOK VALUE
At 31stAugust 2022
At 31stAugust 2021

			Charity	Charity
	2022f	2021f	2022f	2021f
Trade debtors	819,031	615,173	817,505	597,334
Amounts owed by group undertakings Prepayments	141,272	235,395	69,189 141,272	303,385 235,395
	960,303	850,568	1,027,966	1,136,114

CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	FALLING DUE WITHIN	ONE YEAR
			Group		Charity
			2022 f	2021 f	2022 f	2021
Bank loans and	overdrafts (see note 17)		165,788	180,432	165,788	180,432
Trade creditors			270,314	372,000	270,255	371,940
Amounts owed	to group	undertakings			1	1
Social security	and other	taxes	105,780	113,350	104,200	108,264
Accrued expenses			285,483	172,627	272,191	172,627
			827,365	838,409	812,434	833,264

CREDITORS: AMOUNTS	FAL	LING DUE AFTER MORE THAN O	NE YEAR
Group and Charity
			2022f	2021f
Bank loans (see note 17)			1,151,061	1,292,942
BANK LOANS
An analysis ofthe maturity	of loans is given below:
Group and Charity			2022f	2021f
Amounts falling due within one year on demand Amounts falling due between two and five years			165,788 500,547	180,432 623,313
Amounts falling due in	more	than five years	650,514	669,629
			1,316,849	1,473,374