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|---|---|---|---|---|
|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|
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|||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|
##
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|||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|
##
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##
||||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|
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|INVESTMENT INCOME|||
|---|---|---|
||2023|2022|
|||f|
|Other income|676,387|66,911|
|Deposit account interest|19,621|3,767|
||~696008|70,678|
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||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|
##
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|||2023|2022|
|---|---|---|---|
|Auditors'
remuneration||10,450|9,490|
|Depreciation -|owned assets|339,037|309,958|
|Other operating|leases|~140000|130,000|
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|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|
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||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|8ยป 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|||||||
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||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|
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||||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|
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