2023-08-31-accounts

			Page
Report ofthe Trustees		1	to	11
Report ofthe Independent	Auditors	12	to	14
Consolidated Statement ofFinancial Activities
Consolidated Balance Sheet			16
Company Balance Sheet			17
Consolidated Cash Flow	Statement		18
Notes to the Consolidated	Cash Flow Statement		19
Notes to the Consolidated	Financial Statements	20	to	28

		Consolid for	ated Statement ofFinancia tb	l Activities 023
				2023	2022
				Unrestricted	Unrestricted
				fund	funds
			Notes		f,
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Apprentice Training				4,286,942	4,397,513
HNC &HND				380,450	352,647
Adult Training				877&802	820,580
Investment income Other income				19,621 ~676387	3,767 66,910
Total				~6241 202	~5641 417
EXPENDITURE ON
Charitable activities
Apprentice Training				4,283,139	3,936,250
HNC A, HND				437,408	447,226
Adult Training Work with Schools				1,060,068	916,373 ~16833
Total				~5780 615	~5316682
NET INCOME				460,587	324,735
RECONCILIATION		OII' FUNDS
Total funds brought	forward			6,986,944	6,662,209
TOTAL FUNDS CARRIED FORWARD				~7,447531	66 9986944

		Humberside En ~4i '	Humberside En ~4i '	Humberside En ~4i '	ineerin u	Trainin
			Consolida		1	eet
				Au	ust 2	23
							2023	2022
							Unrestricted	Unrestricted
							fund	funds
			Notes
FIXEDASSETS
Tangible assets							11273719	5.839,521
CURRENT ASSETS
Debtors			13				800,332	960,303
Cash at bank							1367,550	2,165,546
							2,167,882	3,125,849
CREDITORS
Amounts falling due within	one year		14				(1,371,197)	(827,365)
NET CURRENT ASSETS							796685	2298484
TOTAL ASSETSLESSCURRENT
LIABILITIES							12,070,395	8,138,005
CREDITORS
Amounts falling due after more than one		year	15				(4,622,864)	(1,151,061)
NET ASSETS							7447531	6916.944
FUNDS			19
Unrestricted funds							7447,531	6,986,944
TOTALFUNDS							7 447 531	6 986 9

	Humberside	Humberside	En ineerin	Trainin
		328LthggBIL2223
					2023	2022
					Unrestricted	Unrestricted
					fund	funds
		Notes
FIXEDASSETS
Tangible assets		11			11,273,710	5,839,521
Investments		12			I	I
					11,273,711	5,839,522
CURRENT ASSETS
Debtors		13			895,398	1,027,966
Cash at bank					1180975	2043039
					2,076,373	3,071,005
CREDITORS
Amounts falling due within one year		14			(1,311,228)	(812,434)
NET CURRENT ASSETS					765 145	2,258,57
TOTAL ASSETSLESSCURRENT
LIABILITIES					12,038,856	8,098,092
CREDITORS
Amounts falling due after more than one	year	15			(4,622,864)	(1,151,061)
NET ASSETS					7,415,992	6,947,031
FUNDS
Unrestricted funds					7 415 9992	6947031
TOTAL FUNDS					7 599	6.9*7.03

			Consolidated	Cash Flow Statement
				2023	2022
			Notes	K	f.
Cash llows from operating	activities
Cash generated from operations interest paid				1&617y766 ~239359)	564,744 ~40045)
Net cash provided by operating activities				~1,378409	524 699
Cash flows from investing	activities
Purchase oftangible fixed assets				(5,774,325)	(461,017)
Sale oftangible fixed assets Interest received				1,099 ~19621	950,092 ~3767
Net cash (used iu)/provided	by investing		activities	5 753605	~492 842
Cash flows from financing	activities
New loans in year				3,700,000
Loan repayments in year				~122801	~156,525)
Net cash provided by/(used	in) financing		activities	~3577199	~156525)
Change in cash and cash equivalents		in	the
reporting period				(797,999)	861,016
Cash and cash equivalents	at the beginning
ofthe reporting period				~2165546	~1,304530
Cash and cash equivalents	at the end	ofthe
reporting period				~1367547	2,165,546

			Notes to the Consoiidated Cash Flaw Statement for the ear ended 31stAu ust 2023	Notes to the Consoiidated Cash Flaw Statement for the ear ended 31stAu ust 2023	Notes to the Consoiidated Cash Flaw Statement for the ear ended 31stAu ust 2023	Notes to the Consoiidated Cash Flaw Statement for the ear ended 31stAu ust 2023	Notes to the Consoiidated Cash Flaw Statement for the ear ended 31stAu ust 2023
RECONCILIATION			OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
						2023	2022
						5
Net income	for the	reporting		period (as per the Consolidated	Statement
ofFinancial	Activities)					460,587	324,735
Adjustments	for:
Depreciation	charges					339,037	309,958
(Profit)/Loss	on disposal offixed assets						(92)
Interest received						(19)621)	(3,767)
Interest paid						239,359	40,045
Decrease in	debtors					159,971	109,735
Increase/(decrease)		in creditors				438,433	3,600
Net cash provided		by	operations			~1617766	~564 744
ANALYSIS	OF CHANGES			IN NET FUNDS/(DEBT)
					At I/9/22	Cash flow	At 31/8/23
							6
Net cash
Cash at bank					~2,165546	~797,999	~1367547
					~2165546	~797999	~1367547
Debt
Debts falling	due within		I year		(165,788)	(105/96)	(271,184)
Debts falling	due after		1 year		~1151061	~3471803)	~4,622,864)
					~1316849	~3577199)	~4894 048
Total					~726 190	~4439363)	~3713,073

INVESTMENT INCOME
	2023	2022
		f
Other income	676,387	66,911
Deposit account interest	19,621	3,767
	~696008	70,678

	INCOME FRO	M CHARITAB	LE ACTI	VITIES
						2023	2022
			Activity			K
	Apprenticeship	fees	Apprentice	Training		464,187	472,249
	ESFA funding		Apprentice	Training		3,822,755	3,925,264
	ESFA funding		HNC &HND			29,500	29,500
	HNC income		HNC &HND			350,950	323,147
	Adult training Passport		Adult Training Adult Training			849,892 ~27910	785,112 35,468
						5,545,194	5,570,740
5.	CHARITABLE	ACTIVITIES	COSTS
						Support
					Direct	costs (see
					Costs	note 6)	2023
							Totals
	Apprentice Training				2,914,501	1,368,638	4,283,139
	HNC &HND				289,237	148,171	437&408
	Adult Training				~701114	358,954	~1,060068
					~3904 852	~1875763	~5780615
6.	SUPPORT COSTS
							Human
					Management	Finance	resources
	Apprentice Training				147,220	247,988	599,876
	HNC &HND Adult Training				15,938 ~38611	26&850 65,040	64,942 ~157326
					~201769	~339878	~822 144
						Governance
					Other	costs	2023
							Totals
							f
	Apprentice Training				325,431	48,123	1,368,638
	HNC &HND Adult Training				35,231 ~85356	5,210 12,621	148,171 ~358954
					~446 018	65,954	~1875763

		2023	2022
Auditors' remuneration		10,450	9,490
Depreciation -	owned assets	339,037	309,958
Other operating	leases	~140000	130,000

Travel and subsistenc STAFF COSTS	e expenses totalling f	61were	paid to one trustee during th	e year (2022:I97).
				2023	2022
Wages and salaries				3,173,014	3,083,703
Social security costs				260,699	257,326
Other pension costs				~416616	363 664
				~3,850329	~3704 693
The average monthly	number ofemployees	during	the year was as follows:
				2023	2022
Management				5	5
Administration				14	14
Training and support				58	55
Apprentices-HATA				12	21
				89	95

The average number ofe	mployees during the year is based on	Full Time Equivalents.
The number ofemployees	whose employee benefits (excluding	employer pension costs) exceeded	$60,000was;
670,001 - f80,000		2023 I	2022 1
690,001 - f.100,000		I	1

	Group and Charity				Fixtures
		Freehold	Plant	and	and	Computer
		property	machinery		fittings	equipm eat	Totals
			f,
	COST
	At 1st September 2022	5,386,936	1,710,364		262,039	486,949	7,846,288
	Additions Disposals	5,215,799 ~1099)	293,966		67,492	197,068	5,774,325 (11199)
	At 31stAugust 2023	106111636	2004	330	9531	684 1117	13619514
	DEPRECIATION
	At 1st September 2022	559,590	873,500		168,001	405,676	2,006,767
	Charge for year	3,		673	19135	63695	339037
	A 31 A 2023	673124	186	73	187136	469371	2345004
	NET BOOK VALUE
	At 31st August 2023	99211512	900		395	214646	112737111
	At 31stAugust 2022	4827346	836864		94031	8» 3	5.839.521
12.	FIXEDASSETINVESTMENTS
							Shares in
	Charity						group
							undertakings
	MARKET VALUE
	At 1st September 2022 and 31stAugust 2023
	NET BOOK VALUE
	At 31stAugust 2023
	At 31st August 2022

	Group and Charity	Group and Charity		2023	2022
	Bank loans			~4894 048	~1316,849
	The loans are	secured by charges over the charity's	freehold land and buildings.
19.	MOVEMENT IN FUNDS
				Net
				movement	At
			At 1/9/22	in funds	31/8/23
	Unrestricted	funds
	General fund		6,986,944	460,587	7,447,531
	TOTAL FUNDS		~6986944	~460 587	~7447 531

			Incoming	Resources	Movement
			resources	expended	in funds
			f.
Unrestricted		funds
General	fund		6,241,202	(577807615)	460,587
TOTAL	FUNDS		~6241 202	~5788 655	6ll 587