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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|||||||||||||||
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||||||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|
##
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|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|
##
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|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|
##
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|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|
##
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|FIXEDASSET INVESTMENTS|||
|---|---|---|
||Shares|in|
|Charity|group||
||undertaking||
|||sf|
|COST|||
|At 1stSeptember 2021 and 31stAugust 2022|||
|NET BOOK VALUE|||
|At 31stAugust 2022|||
|At 31stAugust 2021|||
##
|||Group||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|
|15|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|
##
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|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|
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