REGISTERED COMPANY NUMBER: 01428827 ffllgland and W81¢s)
REGISTERED CHARITY NUMBER: 510035
Report ofthe Trnstees and
UThaudittd Financial Statements for the Year Ended 31 Marcb 2025
for
Warrington TrniTring Trust Ltd

W8rriRgton Trgining Trust Ltd
Contents of the fiDaDei*l Statemetsts
for the Yegr Ended 31 March 2025
Pthge
Report of tbe Trnstees
I to 4
Independent Examiner's Report
Statement of Financial Actiyities
B31aDce Sheet
7 to 8
Cash Flow Ststement
Notes to tbe Cash Flow StateJneTrt
10
Notes to the Fin3Dcial St3tements
11 to 23

Warrillgton Training TThst Ltd (Registered Dumber: 01428827)
Report of the Trustees
for the Ye*r ETrded 31 Mareb 2025
The trustees who are also directors of the charity for th¢ PUTP05¢S of the Cotnpallies Act 2006. present their report with the
fmancial Statements of the charity for the year ended 31 Marcb 2025. The tn]stees have adopted the provisions of
Accounting and Reporting by ch￿lties.. s￿erneDt of Recommended Practice applicabl¢ to charities preparing their accounts
in aecordance with the Financial Reportmg Standard applicable in the UK and Republi¢ of Ireland (FRS 102) {effective I
January 2019).
ORIECTIVES AND AcfiviTIL
Objectives and aims
The objects of the ciwity are to relieve and prevent poverty occasioned by un¢ll￿10yrnCllt or other causes among yowig
persons resident within ten miles of Golden Gate warringtO￿ and to provide education and vocational training for young
unernployed persons who ar¢ so resident. Th¢ relief of unemploymenL in particular but not exclusively, by provision of
affordable, easy aecess accommimlation to encowage business siart-up and development within the Warrington area.
The charity operates under the name Warrington BUsin￿S PaTk.
SignifJ¢anl activities
Currently. the charity is meeting its objects through granting small one-off ￿￿￿ts aIIKiimting to £21,320. As part of our work
with new start-up Companies, we provide information on grants and services available to them lo ¥4id with their gromth.
Public benefit
We have referred to the guidan¢e contained in the Clwity Con]mission's geneTal guidance on public benefit when reviewing
our aim and objectives and ID planning our future activities. In particulor, th¢ tNstees consider how planned activities will
ontribute to th¢ aims Ènd objectives they have set.
Volunteers
The charity. currently does not have any input from volunt¢¢rs.
ACHIEVEMENTS AND PERFORMAf4cE
Charitable aetivities
The charity continues to make concessionary grants to busines5 In order to initiare tsaining and emplo)qnent within the area,
subject to cashflow. In the year concessionary rents given totalled £7.320. To date the charity ha5 helped over 375 different
organisatii)ns to start up and generale ernploym¢nt within the Warrington area.
In addition, the Tn]slees are delighted to ¢onfJrrn they have D￿Ill￿1ned their suppM)rt of other local Charities through the
provision of accommi)daiion and facilities on site. Agai￿ &5SiSting these clwities in providing supported employment for
thos¢ with disability, rnental health and mobility issues.
Each year, the Board reviews the aims, objectives and activities of the Charity. This review cover5 the last 12 months and
our achievements in that period. The review look5 ai the success oleach activity and the benefits gained by those groups of
people we are set up to help. The review also helps us ensure our airn, obje£tives and activities remained focused on our
stated purposes.
After of a full review of the r]nancial p)sition of the Cbarity. with deep regrei the Trustees and B03rd decided to sell the
propety they own, known as Warrington Business Park. This h&5 not been an ￿Y decisio￿ and was a decision not taken
lightly.
To that end, the Park w&8 Put on the open market and a contracl completed on the 29th Ma￿h 2025 to sell the It]vesttnent
Propety to Urban Regen Limited.
Investment performanee
The 1'rustees confirni that the itlvesttnent in the fabric of the Business PaTk continues in order to develgp the necessary
retUTnS in order for the Clwity to meeis its charitable objectives. The programme of Work to replace the windows has now
been completed after delays due to Covid I￿kdoW￿.
Page I

Warrillgton Trnining Trust Ltd {Reg￿tered Dumber: 0142882D
Rtport ofthe Trnstees
for the Year Ended 31 M8rcb 2025
FINANCIAL REVIEW
Principal funding Sources
The Business Park has been established to provid¢ an investtnellt rebjrn for the charity generdting net fimds and allowing the
Tnjstees the opportunity to supw)rt start up businesses aDd other charities through concessionary rents.
Investment policy and objectives
The Management Committtt has considered the most appropriat¢ ￿l1¢Y for investing funds and has found that the use of
bank deposit aceoullts and inyestment in the Business Park gives the opport]Jnity incorne and flexibility.
The investment property is secured with a mortgag¢ provided by The Charities Aid Foundation Bank {CAF Bank). In the
opinion of the Trustees CAF Bank offered the most competttive and wnstructive financial package along with the necessary
support and understanding of the operdtions of a chariry.
The charity also holds a any surplus fimds in a bank deposit a￿)Unts and also hold units in M&G Chartfitnd.
Reserves policy
During the year the charity sold the business twk for £1.5m. Th¢ charity h&% repaid all outstsnding loans w)st year end.
Unrestricted res¢rYes held at the 31 March 2025 are £585.015.
The Trustees have established a policy whereby any unrestricted fi￿d4 not coltmiitted or invested in tangibl¢ fixed &8sets.
are to be invested so that the charity will be able to meei the exÈxcted capital and running cost for the next 12 months of
approxtmately £450,1)00.
Going coneern
The trustees consider that the charity is a 80ing concern having reviewed the budgets and cashflows for the n¢xt 12 months.
FUTURE PLANS
The Board will take the ne￿ 6 months to review the future of the charity.
STRUCTURE, GOVERf4ANCE Af4D MANAGEMENT
Governing documellt
The charity is controlled by its governing docutn¢n4 a deed of MLSL and constittrtes a li￿11ed cornpany, limited by guarantee,
&8 defthed by the Companies Act 2￿6.
The charity is a charitsble company limited by g￿arantee and was set up on 13th June 1979 and last amended 16th December
2008. The charity is governed by its, memorandum and article5 of ass(Kiation.
The liabiliry of the members of the Board of Trustees is litnit¢d to £1
Recruitment and appointment of new trustees
The method of appointment of Trustees is as follows". seeking nominaiions from current trustees and members identifies
prospective trustees. The prospective mistees are invited to the B￿]nesS Park for a tour of the current fLJnd raising operation
and an introduction to the activities of the chan"ty. The prospective tTUStee5 are provided with a ¢opy of CC3a,
Responsibilities of a Charity Trustee. and invited to attend the next board meeting. If the prospective trllstee decides to stand
a5 a trustee, they will be notninated and elected at the nexi meetin& which Mill be ratified at the next AGM, provided
the maximum is not exceeded. One thiTd of the rnembeT5 by rotation retire and offer thetnselves for re*lection. All serving
trll5tees are PTovided with a copy of CC3. The Esseniial Trustee.. What you need to know. and any fiuth¢r inforniation as
issued by the Charities Commission.
Page 2

Warrington TT8ining T￿51 Ltd (Registered ll￿mber: 01428827)
Report ofthe Trnstees
for the Year Ended 31 Marcb 202$
STRucfuRE. GOVERNANCE AND MANAGEMENT
Organisation stru¢ture
One th￿d of the member5 by rotation retire and offer themselves for Te-election.
The Board of Truste&8 meets quarterly. Meeting include consideration of the fol]Owll￿'.
Approval of the strategic plan and annual plan
Approval of grdllt awards
Review of progress against the strategic pla4 financial results and variation from thc financial plan.
Identification and management of risk.
Evaluation of the impact of the Charitys Work.
INduetlon and training of new tru5tee5
All new and serving trll5tees are provided with a copy of CC3. The Fss¢ntial Ttwlee: What you need to know, and any
further inf0M￿tion as issued by the Charities CommissiotL
Key managejnent TemuDer4tiott
The key management personnel of the ¢harity comprise the tr￿leeS and Chief Ex¢culive Officer. The total employee benefits
of the key matwg¢ment ￿sOnnel of the charity were £63.994 (2023.. £62.110).
Wider n¢tWOTk
The Charity Works with all areas of the business community along with the pub]ic aDd private sector to m¢¢ts is charitable
obj¢ctives.
Related parties
There are currently no related parties.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company llumber
01428827 (England and Wal¢s)
Registered Charity number
510035
Registered offiee
wa￿ington Business Park
Long Lane
Warrington
Cheshire
WA2 8TX
Trustees
B Dunnett Direcior & Chief Ex¢cutiv¢ Officer
S F TiTnms Director & Chairman
A A Edwards Director
P J Shaw Director
P Davies Director
Page 3

Warrington Training Trust Ltd (Registered ￿ll￿ber. 01428827)
Repfrrt of tbe Trustefs
for the Year Ended 31 M*reh 2025
REFERENCE AND ADMINISTRATIVE DETAIIS
Independent Examiner
Lee WaTburton BA FCA
Voisey & Co LLP
Chartered Accountants
8 Wi]llnarleigh Street
Warrsngton
Che5hiTe
WAI IJW
Solicitor5
FDR Law 21 Pa]myra Square, warringto￿ WAI IBW.
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The tsustees (who are also the directors of Warrington Training T￿￿t Ltd for the purpos¢5 of cofftpany law) are re5ponsibl¢
for preparing the Report of the Trustees and the financial statements in accordance with applicabl¢ law and United Kingdom
Accounting Standards {United Kingdom Generaliy Accepted Ac£ounting Practice).
Company law requires the trustees to prepare financial statements for each r]nancial yw. Under law, the tntsttts have
elected io prepare the f￿ancial staiements in accordance with Unit¢d Kingdom Generally Accepted Accounting PTactice
(United Kingdo￿ Accounting Standkrds and applicable law).
Under company law the b￿SIteS M￿81 noi approve the fmancial statements unles5 they are ￿l$fied thai they give a trne and
fair view of the state of affairs of the charitable company and of the incomllig resouTces and application of resources.
including the income and expenditure. of the charithble company for that period. In preparing those fll)ancial statements, the
trustees are required to
select suitable accounting policies and then apply them consistently-
observ¢ the methods 2nd principles in the Charilies SORP,.
make judgements and estima￿S that are reasonable and prudent;
prepare the f￿anCIal statetnent5 on the going concern basis unless it is inappropriare to presume It￿1 the charitable
ornpany will c4)ntinue in business.
The trustees are respgnsible for keeping proper accounting Tecords which disclose with reasoDabl¢ accurdcy at any time the
fmancial position of the chariiable company and to enable them to ensure that the financial staiements comply with the
Cotnpanies Act 2006. They are a150 responsible for safeguarding the assets of the charitable colnpany and hence for taking
reasonable Steps for the prevention and detection of fraud and other irregularities.
This report has b¢en prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to
sma]I companies.
proye
by order of the board of tmstees on 18 tkcember 2025 and signed its behalf by".
B Dunnett- TTUStee
Page 4

Independent EtsmiDer's Report lo tbe Trusttts of
Warringtott TraiDing Trust Ltd (Regis¢¢red number: 01428827)
IndependeTht examiner's repirt to the trusttts of WarriDgtOD Trnining Trust Ltd {'the Company.)
I report to the charity tn]ste¢s on my examimation of the accounts of the Company the year end¢d 31 Mareh 2025.
Responsibilities aDd basis of report
As the chaTity's trustees of the Company (and aIso its directors for the purposes of company law) you are responsible for the
preparation of the accounts in accordance with the requirements of the Cornpanies Act 2006 (Mhe 2006 Ad'l.
Having satisfied Tnyself that the accounts of the Company are not required to be a￿lited under Part 16 of the 2006 Act and
are eligible for independent examination, I report in respect of my examination of your charitys acc(TrUDts 85 Canied out
under Section 145 of the Charities Act 2011 {Mhe 2011 ACY). In CallyiDg out myexamination I have followed the Directions
given by the Charity Comlnission under Section 145{5) Ib) of the 2011 ACL
Independent exarnirter's statement
Since your charl￿$ gross inco]ne exceeded £250.0￿ your examiner must be a member of a listed b￿1. I can confjmi that I
am qualified to undertake the examination because l am a metnber of the Instimtr of Chartered Accountants in England and
Wale5, which is one of the listed bodies.
I have completed my examination. I confirfft that no rnatters have corne to my attentiOD in connection with the examination
giving me cause to believe..
accounting records were not kept in respect ofthe Company requir￿ ty Section 386 of the 2(K)6 Act. or
the accounts do not accord with tbose records; or
the accounts do not ¢ompty with th¢ ac¢ounting requirements of Section 396 of the 2006 Act other than any
requirement that the accounts give a t￿e and fair view which is not a llAtter considered a5 part of an independent
examination. or
the accounts have not been prepared tn a¢cord8nce with the methcds and principles of the s￿eMent of
Re¢omm¢nded Practice for aecouniing and reporting by charities {appltcable to charities preparing their accounts in
accordance with the Financial R¢porting Standard applicable in the UK and Republic of Ireland IFRS 102)).
I have no con¢erns and have corne across no other matters in connection with the ¢xaTnination to which attention should be
drawn in this report in order to enable a proper understhnding of the accounts to be ￿Ched.
L£e Warburton BA FCA
Voisey & Co LLP
Chartered Accountants
8 Winmarleigh Street
Warrington
Cheshire
WAI IJW
18 December 2025
Page 5

Waryington Trnining Trust L¢d
Statement of FiDaDcial Activitie5
(Incorporating an Income and Expenditure Account)
for tbe Ye4r Ettded 31 Mareh 2025
31.3.25
Total
fimds
31.3.24
Total
funds
Unrestricied
fi￿dS
Restricted
fimds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
827
827
606
Other trading activities
Investment income
113.342
304,485
113.342
304.485
113,777
319.473
Totsl
418,654
418.654
433,856
EXPENDITURE ON
Charitable aetivities
Contessionary rents given
Grants paid
7.320
14,000
7,320
14.000
9,374
Other
603,303
603.303
420,545
Total
624,623
624.623
429.919
Net gainsl(loss¢s) on investments
337
337
(636.295)
NET INCOMEI{EXPENDITURE)
TraN5fers b¢tw¢en funds
Other reeognised gain51(105ses)
Actiwial gains on defmed benefit schemes
(205,969)
416.057
337
(416,057)
(205,632)
(632.358)
19
66,000
Ntt movement in fund5
210.088
(415.720)
(205.632}
(566,358)
RECONCILIATION OF VUNDS
Total funds brought fotivard
374,927
415,720
790,647
1,357,005
TOTAL FUNDS CARRIED FORWARD
585.015
585,015
790,647
The notes forni part of these financial statements
Page 6

Warringtott Trnining Trust Ltd IRegistrred number: 01428827)
Bal*ntt Sbeet
31 March 202S
31.3.25
Total
fvnds
31.3.24
Total
fimds
Unrestricted Restricted
fvnds
fijllds
Notes
FIXED ASSETS
Investments
Investments
Investment property
12
13
60,033
1,500,000
1,560,033
CURRENT ASSETS
tkbtors
Cash at bank
14
.531.285
35,360
1.531,285
35,360
108,369
8,174
1.566,645
1,566.645
116,543
CREDITORS
Atnounts falling due within one year
15
(983.630)
(983,630)
(264,646)
NET CURRENT ASSETS
583,015
583.015
(148,103)
TOTAL ASSETS LESS CURRENT
LIABILITIES
583,015
583,015
1,411,930
CREDITORS
Atnounts falling due after more than one year
16
(623283)
PENSION ASSET
20
2,0
2,000
2.000
NET ASSETS
585.015
585,015
790,647
FUNDS
Unrtstricted fijnds
Restricted funds
19
585,015
374,927
415.720
TOTAL FUiYDS
585,015
790.647
The charitable company is entiiled to exemption from audit under Section 477 ofthe Companies Act 2(K)6 for the year ended
31 March 2025.
The members have not required the company to obtain an audit of its financial state￿¢￿ts for the year ended 31 March 2025
in accordance with Section 476 of the Companies Act 21)06.
The notes fom) part of these financial statements
Page 7
continued.-

Warrington Trnining Trust Ltd (Regigtered number. 01428827)
B4laDCt Sbeel- continued
31 March 2025
The tswstees acknowledge their responsibiliti¢s for
(a)
ensuring that the charitable company keeps accountAng records that comply with Sections 386 and 387 of the
Companies Act 2006 and
preparing fllwicial statements which giv¢ a tw¢ and fair view of the sl*¢ of affairs of the charitable cO￿paThY as at
the end of each fmancial year and of its swplus or deficit for each fmancial year in accordan¢¢ with the requiretnents
of Se¢tions 394 and 395 and which othenvise comply wrth the requirements of the Companies Act 2(H)6 relating lo
financial ststements. so as applicable to the charitable comykny.
{b)
These fmancial staternents have been prepared in accordance with the provision5 applicable to charitable Companies subject
to th¢ small companies regime.
The fjnallcial statements were approved by the Board of Trustees and authorised for issue on 18 December 2025 and were
on its behalf by..
B Dunnett- Tru5t¢¢
S F Timms- Trustee
The notes forni part of these financial statetnents
Page 8

Warrington TraiDing Trnst Ltd
Cash Flow Ststement
for the Year Ended 31 Mareh 2025
31.325
31.3.24
Notes
Cash flows fTOTh oper8ting sctivitifs
Cash generated from operdtions
Interest paid
(1,398.767)
(72,624)
77.852
(61,431)
Net cash (used inyprovided by op¢rdtÈng activities
{1,471.391)
16,421
Cash nows from investing activities
Purch&%e of fLxed asset invesunents
Sale of tangible fixed assets
Sale of fixed asset investments
Sale of investtnent property
Interest received
(1,2￿)
21
60.370
I,5￿.1m)0
27
123
Net cash provided byl(used in) investing activities
1,5fA).418
(1,077)
Cash flows from financing activities
Loan repaymenis in year
(61.841)
(58,447)
Net cash used in fmancing a¢livities
(61.841)
(58.447)
Change in cash and cash equivalents ID the
reporting period
Cash and eash equivaknts at the beginning
of the reportillg peri￿1
27.186
(43,103)
8,174
51,277
Cash and cash eqllivalents at the end of the
reporting period
35.360
8,174
The notes fomi pan of these financial stAtetn¢nts
Page 9

Warrington TrailliTrg Trust Ltd
Notes to the Cash Flow StateMe￿t
for the Year Ended 31 March 2025
RECONCILIATiof4 OF TrIET EXPENDrruRE TO NET CASH FInW FROM OPERATING AcfiviTIES
31.3.25
31.3.24
Net expenditure for the reporting period (as per Ibe Ststement ol
Financial Aetivities)
Adju5trnenls for:
IGainyIosses on investtnents
Profit on disposal of ftted wets
Interest received
Int¢r¢st paid
Increase in debtors
Increase in creditors
{205,632)
{632,358)
(337)
(21)
(27)
72.624
(1.422,916)
157,542
636,295
{123)
61,431
(37.908)
50,515
Net cash (used inyprovided by oper8tions
(1,398,767)
77,852
ANALYSIS OF CHANGES Ir4 NET DEBT
At 1.4.24
Cash flow
At 31.3.25
Net eash
C35h at bank
8.174
27.186
35,360
8.174
27.186
35,360
Debt
Debis fallirtg dlle within l year
Debts falling due after l year
(58.392)
(623.283)
(561,442)
623.283
(619,834)
(681.675)
61,841
{619,834)
Total
(673.501)
89.027
(584,474)
The notes forn) part ofthese financial statements
Page 10

WgrTington Trainillg Trust Ltd
Notes to the FinaDcÉal Statements
for the Year Ended 31 Marcb 2025
ACCOUNTING POLICIES
Basis of preparing tbe finAnek21 ststemeDts
The f]nancial statelnents of the charitable company. which is a public betsefft entity under FRS 102, have b¢¢n
prepared in accordance with the Charities SORP (FRS 102) 'Accounting aDd Rew)rting by ch￿lties.. Statement of
Recommended Practice applicable to charities preparing their accounts in ￿cOrdanCe with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effeaive l January 2019),, Financial Reporting
Standard 102 The Financial Reporting Standard applicable in the UK aDd Republic of Ireland, and the Companies
Act 2006. The fll)ancial ststements have been prepared under the histori¢a] wsl Conventio￿ with the exception of
investsnents which are included ￿ markei value, &8 modified by the revaluation of c¢rtain assets.
In the opinion of the Trustees the ¢harity has sufficient resources and fiJndi]]g for the foreseeable future and as a
result have prepared the fllmncial S￿￿ments on a going concern basis.
The charity constitutes a public benefit entity as defined by FRS 102.
The presentation ¢urr¢ncy of the financial gtttternents is the Pound Sterling (£).
Income
All income is recognised in the Siatement of Financtal A￿tYitieS once the chartty has elltiilement to the fiujds. it IS
probable that the income will be received and the amount can be measured reliably.
Donations. are recognised when the Charity has been notified in WTiting of both the amount and settlement dale. In
the event that a donation is subjeci to condilions that require a level of ￿rf0nnance before the ¢t￿lty is entitled to
the funds, Ihe income is deferred and not recognised unlil eÉther those conditions are fijlly met, or the fulfilment of
those conditio]ts is wholly within the control of the chartty and it is probable that thos¢ conditions will be ￿lfilled in
the reporting period.
Incom¢ from gov¢rnm¢nl and other grants, whether 'c4)ital' grants w 'revenue' grdnts.is recognised when the
charity has entiilement to the funds. any perforniance conditions attached to the grants have been Mel it is probable
that the income will be received and the amount can be mwured reliablyand is not deferred.
For le¥acie5, entitlement is taken as the earlier of the date on which eitheT'. the charity is aware that probate has been
granted. the estat¢ h&5 beeTt finalised and notificaiion has been made by the executorfs) to thc Trust thal a
distribution will be made. or when a distribution is received from the estste. Receipt of a legacy, in whole or in part,
is only considered probable when the amount can be measured reliabty and the charity has been notified of the
executor's inieniion to make a distribuiion. Where legacie5 have been notified to the clwity, or the charity is aware
of the granting of probate, and the criteria for income recognition have not Eten rneL then the legacy is a treated as a
contingent asset and disclosed if material.
Interest on ￿ndS held on deposit is included when receivable and the a￿0￿1 can be measured reliably by the
charity,. this is nom)ally upon noiific￿lOn of the interest paid or payable by th¢ Bank.
Covernrntnt gr*Thts
The a¢¢rual model has been adopted to Tecognise govemment grdnts in the year and are measured at the fair value of
the asset received or receivable. Where a grant becomes repayable it 15 rec(Enis¢d 85 a liability when the repayment
me¢ts the definition of a liability.
Expenditure
Liabilsties are recognised as expenditure as siK)n as there is a legal or Consirnctive obligation comtnitting the charity
to that expenditure, it Is probable that a transfer of econo￿1¢ benefits will be required in settlement and the amount
of the obligation can be Tneasured reliably. Expendiwre is accounted for on an a¢¢n￿lS basis and ha5 been classified
under headings that aggregate all cost related to the category. Where costs cannoi be directly attributed to panicular
headings they have been allocated to activitie5 on a basis consistent with the use of resources.
Pagell
continued...

Warringtott Training Trust Ltd
Notes to the Financial Statemettts- tontinlled
for the Year Ellded 31 March 2025
ACCOUNTING POLICIES- eolltinued
Expenditure
Expendilure on charitabl¢ activiti¢5 includes the costs incurred by th¢ charity to ellable it to fulfil its Core
operation&
- Other ¢xpendtti]re represents those itrms not falling into any oth¢r h￿di]I8.
Grants offered subject to conditions whi¢h hav¢ not been met * the Yearet￿ dat¢ are noted 18 a commiiment but not
a￿TU¢d a5 exp¢nditUTe.
CoverThanee eosts
Governance costs cotnpri5e all costs involving the public a￿OuntablI1ty of the charity and its compliance with
regulation and good practice. These ¢05ts include costs related io staiutory Inde￿ndent examination ond legal fees
together with an apportionment of ovethead and support Costs.
Allocation and apportionment of costs
Due to the nature of the charity, it is not necessary to alloc*e or app)rtion Costs between activates.
Fixed a￿tt investments
Depreciation is provided at the following annual rates in order to ￿lte oifeach t8set over its estimated useful life.
Fixtur¢5 and fittings
Computer equipment
25Q/o on cost
250/fj On C05t
Fixed asset inve5ttnents which are listed on tecognised stock exchanges ate stated ai year end rnatket value.
Investhients which are unlisted are stsled at cost less provisions for reduction in value.
Investment property
InY¢sttnent property is Shown at most recent valu￿10n. Any aggr¢gate surplus or deficit arising froTn changes in fair
value is recognised in the Statement of Financial Activities.
Taxation
The Charity is exempt from corporaiion tax on its charitable activities.
Fund 3ccouRtiThg
Unrestricted fvnds ¢an be used in accoTdance with the charithble obje￿l¥e5 at the discretion of the trustee%.
Restricted filnds can only be used for particular remricted PUTPOS¢S within the objects of the charity. Restrictions
arise when specified by the donor or when fi￿d$ ar¢ raised for P￿1¢￿Iar re5tri¢t¢d P￿r￿>SeS.
Further explanation of the nature and PUTpose of each fijnd is included in th¢ notes to the fmancial statements.
Pension costs and other post-retiremeni benefits
The charitable company opeTaies a defined contribution pension scheme. Contributions payable to ihe charitable
company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 12
coniinued...

Warrington TrniniDg Trust Ltd
Notes to the Financial Ststernents- continued
for the Year Ended 31 March 2025
ACCOUNTIf4G POLICIES- eontinued
Pension costs other post-retlreme￿t bener
The charitable company 0￿rat¢ a defined benefit scheme. this has been a closed scheme since 30 June 1992 The n¢t
obligation 15 calculated by estimating the amount of fijbjre benefit that ¢rnpl(ryees have eamed in return for their
service in the prior periods, discountitig amount and deducting the fair value of any plan assets.
This is a triennial calculation perforrned by a qualified actuary. WheD the ca]culation results in a benefic the
recognised asset is limited to the ioral of any unreco￿lIsed pam service costs and the present value of economic
benefits available in the fom of any firture refunds frorn the p]an QT firtU￿ contributions to the plan.
Remeasurement of the net defined benefit liabllity or which comprise acti]arial gains and losses, the return on
plan assets (excluding tllterest) at)d the effect of the &8set ceilin& are wised immediately in the staternent of
financial activities.
The net interest expense on the net defined benefit liability or asset is detrrmined by applying the discowit rate used
to measuTe the defined benefit obltgation ￿ the beginning of the annual wi(xl to the then nei defmed benefit liability
or asset, tsking into account any changes in the nei defined benefit liability or asset during th¢ period a5 a result of
contributions and benefit payments. Net inter￿1 expen￿ alld other ewI￿S relafyj to defll)ed benefit plan5 are
recognised in the ststement of fmancial activities.
Financial instruments
The company has elected io apply the provisions of Section I l ￿aS1¢ Flllancial Instruments. and Sedion 12 '0ther
Financial Instruments Issues, of FRS 102 ￿ all of its fiDan¢ial in5tn]m¢nts.
Finan¢ial instruments are r¢cognis¢d in the compan￿$ slatement of finallcial position when the company becom¢5
paty to the contrdctual provisions of the instnunent.
Financial assets and liabilities are offseL with th¢ net alnounts presented in the f]nancial ststements, when there is a
legally enforceable right to set off the reCo￿lSed amounts and there is an intention to settle on a net basis or to
rcalise th¢ net asset and settle the liability sitnultaneously.
Basic financial g4s5ets
Basic financial assets. which include debiors ajjd cash and bank balan￿ are initially rnea5ured at transaction price
including transaction costs and are subsequently caTtied at amortised costs using the effective interest method unle55
the arrangement constitutes a fmancing transaction, where the transaction is m&isured at the present value of the
future receipts discounted at a rnarket rate of interesi. Financial assets C1￿]fIed as receivable within one year are not
amortised.
Other financial assets
Other f￿ancial ￿sets, including investments in equity instnmients ￿th1¢h are not 5ubsidiarie5, associates or joint
ventures. are initially measured at fair value, which is nornially the transaction price. Such assets subsequently
earried at fair value and the changes in fair value are recognised in profit or loss. except that investments in equity
instruments that ar¢ not publically traded and whole fair values cannot be tne&qured reliably are measured at cost less
impaimient.
ImpairtNent of financial assets
Financial assets, other ihan those held at fair value through profit or loss, are assessed for Indi￿lorS of impainnent at
each reporting end date.
Page 13
continued...

WgrringtOD Tts1￿]￿8 Trnst Ltd
Nottts to the Fillthneial Statements- continued
for the Year Ended 31 Marcb 2025
ACCOUNTING POIJCIES- Co￿(]￿lled
Financial instruments
Financial assets are impaired where there is objective evtdence thaL as a re5uI¢ of one or more events that occutTed
after the initial r¢cog)ition of the fuwicial &5seL th¢ ¢stimated firture flows have been affected. If an hssei is
impaire￿ the impairnient loss is the difference between the ¢arying alnount and the presenl value of the eslirllated
cash flows discounted ai the ￿et'S original effeciive interest ra*. The impainn¢nt10ss LS reco￿lsed in profit or loss.
Der£cognitioTr orfinancial assets
Financial assets are derecognised only when the contracwal rights to the ¢a5h IIow5 from the asset expire or are
settled, or when the cornpany transfers the financial &￿t and substantially all the risks and reward5 of ownerghip to
another entity, or if some significant risks and rewords of ownership are tetsined but control of the asset has
transferred io another pary that is able to sell the asset in its entirery to an UTw¢lated third party.
Employee benefits
The eosts of the short-ternj employtt benefits are recognised as a liability and an expense, unless those costs are
required to be recogni5ed as part of the costs of stock or fixed a8sets. The cost of any unused holiday entitiemeni is
recognised in the period in which the employee's service5 are received. Terniination benefits are Tecognised
immediately as an expense when the company is demorstrably committed to t¢Tmlltste the employment of an
¢mploye£ or to provide teTminatiOD benefits.
DONATIONS AND LEGACIES
31.3.25
31.3.24
OtheT income
827
606
OTHER TRADING AcfivITIES
31.3.25
31.3.24
Cafe income
Photocopying recharge
Other rentsl income
Post recharge
Electricity rech￿Se
Water recharge
Insurance rwharge
107
224
34.653
8,858
22,956
17,495
29,484
24,595
9.641
31,740
18.784
28,470
113.342
113,777
Page 14
continued...

Warrington Training Trust Ltd
Notes to the Financial Ststements- continued
for the Year Knded 31 March 2025
INVESTMENT INCOME
31.3.25
31.3.24
Rents received
Deposit account interest
304.458
27
319,350
123
304.485
319,473
CHAIUTABLE AcfivITIES COSTS
Grant
fifftding of
activities
(see note
6)
Concessiotwy rents given
Grants paid
7,320
14,000
21.320
GRANTS PAYABLE
31.3.25
31.3.24
Concessionary rents given
Grdnts paid
7,320
14,000
9,374
21,320
9,374
The total grdnts paid to institutions during the year was as follow5:
31.3.25
31.3.24
Start up concessionary rent5 given
Local charities
7,320
14.000
9,374
21.320
9,374
Page 15
continued...

Warrittgton Trnining Trust Ltd
Notes to the Financial Sta¢ements- continued
for the Year EDded 31 March 2025
SUPPORT COSTS
Governance
¢05ts
Managemellt
Finance
Totsls
Other resources expended
593.883
1,606
7,814
603.303
NET INCOMEI(EXPENDTfuRE)
Nel incom41(expenditure) is Stated after ¢horgingl(creditiDg)".
31.3.25
31.3.24
Other operating leases
Surplus on di5P05al of fixed assets
Independent ¢xamin¢Vs fr¢
3.084
{21)
2,900
3,091
2,500
TRUSTEES, REMuf4ERATION AND BENEFITS
31.3.25
31.3.24
TNstees' salaries
Trustees, social security
Trustees. pension contributions to money purchase 5cheme5
76,739
5,982
3.378
57,713
3,067
3,214
86,099
63.994
Mr B Dunnett was appointed as a directorltrustee on the 16th Dec£tnber 2￿8. The Charity Commission gave
dispensation on 10th Decetnber 2(M)8 10 allow Mr B Dutu)en to continues his emplo)rynent as business site maDager
and financial accounts￿t for which he receives an annual salary. The total salary shown above Telates to Mr Dunnett
for his services as site manager and fmancial accounwit. No other Tn]ste£ salaries were paid in ihe year.
Trustees, expenses
31.3.25
31.3.24
Tn￿(ees, expenses
353
10.
STAFF COSTS
31.3.25
31.3.24
Wages and salaries
Social security costs
Other pension costs
115,175
8,383
4.986
86,519
4.577
4,943
128,544
96,039
Page 16
continued.-.

WarriDgloll Tr8inillg Trust Ltd
Notes to the FiD*nrial Ststernents- contillued
ror the Year Ended 31 March 2025
io.
STAFF COSTS- contlDUtd
The averdg¢ monthly number of e]nployees during the year was a% follows:
31.3.25
31.3.24
Management
Athninistrative
The nutnber of employees whose employee benefits (excluding employei peLsion costs) exceeded £60,000 was:
31.3.25
31.3.24
£60,001- £70,000
ii.
TANGIBLE FIXED A￿ETs
FtKtures
Computer
equipment
fittings
Totals
COST
Ai l April 2024 and 31 March 2025
10,337
14,589
24,926
DEPRECIATION
At l April 2024 and 31 March 2025
10,337
14,589
24,926
NET BOOK VALUE
Ai 31 March 2025
At 31 March 2024
12.
FIXED ASSET INVESTMENTS
Unlisted
investsn¢nts
MARKET VALUE
At l April 2024
Disposals
60,033
(60,033)
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 Ma￿h 2024
60,033
There were no investtnent assets outside the UK.
Page 17
continued...

Warrington TraiDiDg Trust Ltd
Notes to the FittaDeial Statemefjts- CODtin¥ed
for the Year Ended 31 March 2025
13.
INVESTMENT PROPERTY
FAIR VALUE
At l April 2024
Dis￿saI$
1.500.000
(1,500,000)
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024
1,500,000
Ineluded in investm¢nt property is freehold land va]ued at £712,930 (2024 - £712,930).
The directors have cottsidered the valuation of the investtnent proEW and foll¢Nryng 2 review undertaken with the
sistance of external professional advisoTS are of the opinion that the valuation should b¢ WTitten down to
£1.5m.The property has been sold in the year for this value.
14.
DEBTORS: AMOUNTS FALLIf4G DUE wrrHIN ONE YEAR
31.3.25
31.3.24
Trade debtors
Other debtors
Prepayments and accrued income
18.943
1,500,022
12,320
28.563
79,806
1,531,285
108,369
15.
CREDITORS: AMOUPUS FALLING DUE WITHIN ONE YEAR
31.3.25
31.3.24
Bank loans and overdtaft% {see note 17)
Trade creditors
Social security and other tsxes
VAT
Other creditors
Accruals and deferred income
619,834
178,947
15.663
3,815
57.366
108,005
58,392
130,725
3.312
10,507
38,880
22,830
983,630
264.646
Page 18
continued...

warri￿gtOn TraiDing Trust Ltd
Notes to tbe Finaneial Statements- eontinued
for th¢ Year Ended 31 March 2025
16.
CREDITORS: AMOUNTS FALLtNG DUE AFfER MORE THAN ONE YEAR
31.3.25
31.3.24
Bank loans (see note 17)
623,283
The bank loan carries interest at 3.OIP/o above base and is charged on a monthly b&8iS.
17.
LOANS
An analysis of the marurity of loans is given below:
31.3.25
31.3.24
Amounts falling due within one y¢ar on dernand:
Bank loans
619.834
58,392
Amounts falling betsyttn one and two yeaT5:
Bank loans- 1-2 years
76,968
Amounts falling due between two and five year5:
Bank loans- 2-5 years
243,309
Amounts falling due in more than five years:
Repayable by tnstalments..
Bank loans more 5 y by instal
303,006
i&
SECURED DEBTS
The following secured debts are included wtthin creditors:
31.3.25
31.3.24
Bank loans
619,834
681,675
CAF Bank holds fixed and floating charges over the investment propety of the company at wa￿ington Business
Park. Long Lane, Warrington.
In¢luded within bank loans and overdrdfts is a balance of £37.640 re]ating to a Covid Bounce Back Loan from
Natwest Bank which is repayable over 10 Year5 from November 2021 & an inierest rate of 2.5 %.
Page 19
continued...

WarriDg¢on Tr4ining Trust Ltd
Notes to the FinaDeial StatemeDts- tontinued
for the Year Ended 31 March 2025
19.
MOVEMENf IN FUNDS
Net
movement
in ffimds
Transfets
between
Ojnds
At
31.3.25
Ai 1.4.24
Ullrestrieted funds
General fr￿d
374,927
(205.969)
416.057
585,015
Restricted funds
Capital fund
Training fijnd
356,342
59,378
(356,342)
(59,715}
337
415.720
337
(416,057)
TOTAL FUNDS
790.647
(205.632)
585,015
Net ￿0VeMent in funds, included ill the above are as follows:
Incoming Resources
expended
Gains and
losses
Movement
in ￿ndS
UDrestricted funds
General fund
418.654
(624,6231
{205,969)
Restricted funds
Traitiing fi￿d
337
337
TOTAL FUNDS
418,654
(624,623)
337
{205,632)
Comp#rati¥¢s for movement in funds
Nel
ovement
in fvnd5
At
31.3.24
At 1.4.23
Unrestrieted funds
General fi]nd
943,781
(568,854)
374,927
R¢5tri¢ted funds
Capital fund
Training fi￿d
356.342
56,882
356,342
59,378
2,496
413224
2,496
415,720
TOTAL FUNDS
1,357,005
(566,358)
790,647
Page 20
continued...

WarringtOD Trnining Trust Ltd
Notes to the Financial Ststements- contittued
lor the Year Ended 31 M*reh 2025
19.
MOVEMENT IN FUNDS- Continued
Comparntive net movernent in fi]nds, included in the above are as follows..
Incorning
Resources Gains and
resources expended
losses
Movement
in funds
Unrestricted funds
General fiwd
433.856
(429.919)
(572,791)
{568.854)
Restricted funds
Training fund
2,496
2,496
TOTAL FUNDS
433.856
(429,919)
(570,295)
(566,358)
A current year 12 months and prior year 12 months combined position is as follo￿.
Net
move]nent
in fimds
Trdnsfrrs
between
funds
At
31.3.25
Ai 1.423
Unrestricted funds
Generdl fund
943.781
(774.823)
416.057
585,015
Restricted fuDds
Capital fund
Training fimd
356,342
56,882
(356,342)
(59,715)
2,833
413,224
2.833
{416,057)
TOTAL FUNDS
I,357,￿)5
(771,990)
585.015
A current year 12 tnonths and prior year 12 months combined net rnovetnellt tn fijnds. included in the above are as
follows=
Incoming
T￿OUr(eS
Rcsources
expended
Gains and
losses
Movetnent
in funds
Unrestricted fllnds
General fijnd
852.510
(1,054,542)
(572.791)
(774,823)
Restricted funds
Training
2,833
2,833
TOTAL FUNDS
852.510
(1,054,542)
(569,958)
(771,990)
Page21
continued...

Warrington Training Trust Ltd
Notes to the FiTraDcig1 StstemeTrts- ￿ntinued
for the Year Ended 31 fvfarch 2025
20.
EMPLOYEE BENEFIT OBLIGATIONS
The company operdies a defmed benefit scheme. the assets of which are held in a separate tn￿tee athninistered fi￿d.
Contributions are paid into the scheme in accordance with the recornrnendaiions of an independent actuary on the
basis of triennial va]uations. The fi]nd was closed to new entrants and benefit awTual with effect 30th June 1992.
The latest triertnial actuarial valuation was caTried otrt on 30th June 2023. The Tnjstees are cu￿entlY taking
professional and legal advise in respect of the schelne and hav¢ appointed a new acw in order to complete the
valuatign and provide advise to the T￿￿CeS on altern￿1Ve sirategies.
Asstsmptions
June 2023
July 2020
Market Value Market Value
6.4V
2.60/0
4.4/
0.6D/
3.40/
2.80/ts
2.￿/
Asset Value
Pr¢ retirement discount rdte
Post retirement discoLmt rate
Retail price inflation
Consurtjer price inflation
Pension increases in paymenL%
Pension revaluation in d¢f¢rm¢nt
3/0
2.30/0
Assets (Employer)
Funds at Market Value
Net current assets
99.000
5.000
Total
114000
Technieal provi5ion%
Deferred Pensioners
34,000
Pensiorters
68,000
Surplus l (Deficit)
Funding Level
102 /.
Analysi5 of the movement in the benefit net asset during the period
£'OOOs
(64)
13)
(20)
10
(41
74
SuTplus l (Shortfall) al previous valuation
Interest on surpluslshortfall brought forward
Investment wider perforn)ance
ContributlOll5
Inflaiion
Change in market conditions
Change io SFP
Page 22
continued...

WarriDgtoll Training Trust Ltd
Notes to the Finaneial Statements- eontinued
for the Year Ended 31 Marcb 2025
20.
EMPLOYEE BENEFIT OBLIGATIONS- eolltill￿ed
Surplus l (shortfall) at present valuation on sample ￿UmPtion
The company will pay any professional fees and athninisir3tion costs rel*in8 to the management of the scheme.
Defined Contribution Sthtme
The chariry operates a defined contribution %herne. The ￿Sets of which aTe held separately frorn the &%sets of the
charity in an independently administered fund. The pension cost charye represents contributions payabl¢ by the
charity to the fund ond atnounted to £4,986 (2024.. £4,943).
21.
RELATED PARTY DISCLOSURES
R¢lated party disclosures are Dude in not¢ 10 WKI 24 of the accounts.
22.
ULTIMATE corfrROLLING PARTY
The ultimate controlling party is the Board of Tnjstees.
23.
KEY MANAGEMENT PERSONNEL
The key management personnel of the charity comprise the tru5tee% and Chief Executive Officer. The totsl employee
benefits of the key management ￿rSonnel of the charity,in¢luding ￿nSIOn contributions were £89,452 {2024.'
£63.994).
24.
FUNDS
Capital Fund
Monies received as part of the original development of the business park.
TrninRng Fund
Monies Teceived lo help wth the training needs of the residents of Warritigion.
Page 23