2022-07-31-accounts - Lancaster Training Services Limited

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The trustees present their	The trustees present their	annual	annual	annual	report	report	together	with the financial	statements	statements	statements	and auditor's	and auditor's	report for the year ended 31July	report for the year ended 31July	report for the year ended 31July	2022
Reference and Administrative					Details
The full name ofthe charity			is Lancaster				Training	Services Limited.
The Charity registration number					is511387.
The Company	registration			number			is 01447612.
The Directors and	Trustees		who		served		during the year were:
Mr RW Little
Mr G Sierpinski
The Company Secretary and Chief Execukve Officer is Mr M Horabin, towhom												day to	day	management	ofthe charity is delegated.
Executive committee - each member						company		is entitled to send		a representative			to the executive		committee	meetings.	Such
representatives are not trustees.
Darbyshire & Horabin		Limited (trading as						DCL Transport		Ltd)
Kidds Transport	Limited
J & M Collinson	Limited
G &A Thursby	Limited		tceased tr/4/22)
South Lakeland	District		Council
Lancaster City	Council
I Quinn (Haulage Contractors)
Carrs Billington	Limited
R W Little (Haulage) SJ Bargh Limited
Bibby's of Ingleton
G.Powell Esq
G.Sierpinski Esq
The registered	office of		the		charity		is:	5 Penrod Way
								Heysham
								Lancaster
								LA3 2UZ
Bankers								Barclays Bank		pic
								38 Market Street
								Lancaster
								LA1 1HR
Solicitors								Oglethorpe,	Sturton		& Gillibrand
								16Castle Park
								Lancaster
								LA1 1YG
Auditors								Azets Audit Services
								Fleet House
								New Road
								Lancaster
								LA1 1EZ

We have audited the financial statements ofLancaster Training Services Ltd (the 'company')	for the year ended 31 July 2022 which	for the year ended 31 July 2022 which	for the year ended 31 July 2022 which	for the year ended 31 July 2022 which	for the year ended 31 July 2022 which
comprise the Statement of Financial ActiviTies (induding Income and Expenditure Actxiunt),	the Balance Sheet, the Statement of
Cash Flows and notes to the financial statements, including a summary ofsignificant accounting policies. The financial			reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including
Financial Reporting Standard 102The Financial Reporting Standard applicable in the UK and Repubfic ofIreland (United Kingdom
Genersfiy Accepted Accounting Practice).
In our opinion the financial statements:
show a true and fair view ofthe charitable company's affairs during the year ended 31 July	2022, and of its incoming		resources
and application ofresources, induding income and expenditure for the year then ended;
~have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
~have been prepared in accordance with the requirements ofthe Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with Intemafionai Standards on Auditing (UK) (ISAs (UK))and applicable law. Our
responsibilities under those standards are further described in the Auditor's responsibilities for the audit ofthe financial			statements
section ofour report. We are independent ofthe company in accordance with ths ethical requirements that are relevant			to our audit
ofthe financial statements in the UK, including the FRC's Ethical Standard, snd we have fulfilled our other ethical responsibilities				in
accordance with these requirements. We believe that the audit evidence we have obtained	is sufficient and appropriate		to provide		a
basis for our opinion.
Conclusions relating to going concern
In auditing Ihe knsncial statements, we have concluded that the directors' use ofthe going concern basis ofaccounting			in the
preparation ofthe financial statements is appropriate.
Based on the work we have performed, we have not idenkfied any material uncertainties relating to events or conditions			that,
individually or collectively, may cast significant doubt on ths company's ability to continue as	s going concern fora period ofst least
twelve months from when the financial statements sre authorised for issue.
Our responsibiliTies and the responsibiliTies ofthe directors with respect to going concern are	described in the relevant	sections of
this report.
Other information
The other information comprises the information included in the annual report, other than the	financial statements and	our auditor's
report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the
financial statements does not cover the other information and we do not express any form of	assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially		inconsistent
with the financial statements or our knowledge obtained in the course ofthe audit, or otherwise appears to be materially			misstated.		If
we identify such material inconsistencies or apparent material misstatements, we sre required	to determine whether this gives rise
to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there
is a material misstatement ofthis other informafion, ws are required to report that fact.
We have nothing to report in this regard.
Matters on which we are requiaed to report by exception
In the light ofthe knowledge and understanding ofthe company and its environment obtained	in the course ofthe audit,		we have not
identified material misstatements in the directors' report.
We have nothing to report in respect ofthe following matters in relation to which the Companies Act 2006 requires us to report to
you if, in our opinion:
~adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not
visited by us; or
~the financial statements are not in agreement with the accounting records and returns; or
~ certain disdosures oftrustees' remuneration specified by law ars not made; or
.we have not received afi the informafion and explanations we require for our audit; or
~the directors were not enfitled to prepare the financial statements in accordance with the small companies regime and			take
advantage ofthe small companies' exemptions in preparing the directors' report and from the	requirement to prepare a		strategic
report

			Unrestricted	Endowment
			Funds	Funds	Total	Total
		Note	2e22		2022	2021
					2	t
INCOME AND ENDOWMENTS	FROM
Charitable activities
- Training allowances			417,513		417,513	364,015
- Course fees			792,378		792,378	480,721
Other trading activities
- Membership fees			250		250	271
- Miscellaneous income			12,510		12,510	79,114
Investments
- Bank interest receivable			74		74	165
Other
- Profit on disposal offixed assets			240		240
Total income and endowments			1,222,974		1,222,074	924,286
EXPENDITURE ON
Charitable activities
- Training costs			1,190,008		1,100,806	973,856
Other			7,865		7,865	8,421
Total expenditure			1,100,671		1,190,671	982,277
Net income			24,303		24,303	(57,991)
Total fund balances brought forward at
1August 2021			1,821,224	42,410	1,863,043	1,921,634
Total fund balances carried forward at
31July 2022			1,845,527	42,419	1,887,046	1,863,643

		Note	2022	2021
			8
Fixed Assets
Tangible assets		6	1,238,666	1,221,755
Current Assets
Stocks			5,500	4,900
Debtors			119,079	173,928
Cash at bank and	in hand		677,501	643,478
			802,080	822,306
Creditors: amounts	falling due within one year	9	(152,800)	(175,981)
Net current assets			649,280	646,325
Total assets less cunent liabilities			1,887,946	1,868,080
Creditors: Amounts	falling due after mors than one year	10		(4,437)
Net assets			1,887,946	1,863,643
Funded by:-
Unrestricted funds			1,845,527	1,821,224
Endowmentfunds		12	42vttg	42,419
Restricted funds		13
Total funds			1,887,946	1,863,643

			2022	2,021
			8
Cash flows from operating activities:
Net income /(expenditure) for the	year		24,30$	( 57,991)
Adjustments for:
Depreciation oftangible assets			48.604	42,754
(Profit)Ross on disposal oftangible assets			( 240)
Interest paid			210	412
Interest received			( 74)	( 165)
Decrease /(increase) in stock			( 600)	( 400)
Decrease / (increase) In debtors			54,849	( 65,455)
Increase/(decrease) in creditors			( 12,635)	34,789
Net cash provided by operating	activities		114/17	( 46,056)
Cash flows from investing activities:
Interest received			74	165
Purchase oftangible 5xed assets			( 65,514)	( 68,879)
Proceeds on sale oftangible fixed	assets		240
Net cash (used in) / provided by	Investing	activities	( 65,200)	( 68,714)
Cash flows from financing activities
Loan repayments			( 14,984)	( 14,842)
Interest paid			( 210)	( 412)
Net cash (used In) / provided by	financing	activities	( 15,194)	( 15,254)
Net increase in cash and cash equivalents			$4,023	( 130,024)
Cash and cash equivalents atthe	beginning	ofthe year	64$,478	773,502
Cash and cash equivalents at the end ofthe year			677,501	643,478

						Support	Total	Total
					Trainingf	costsf	2022f	2021f
Costs directly allocated to activities
Vehide fuel and oil					72,308		72,308	27,152
Vehicle repairs					24,845		24,845	14,543
Vehicle licence, insurance,			and	hire	19,783		19,783	17,643
Salaries					700,331		700,331	638,057
Employer pension contributions					49,521		49,521	40,936
Insurance					13,532		13,532	12,856
Office expenses					5,337		5,337	4,943
Telephone					3,307		3,307	3,136
Computer expenses					3,972		3,972	4,987
Advertising					6,366		6,366	3,902
Light and heat					(4,019)		(4,019)	(1,172)
Bad debts					716		718	893
Rates and water					9,662		9.662	8,923
Teaching and course expenses					163,477		163,477	96,763
ADR course fees					9,140		9,140	6,980
Subscriptions, and consultancy				accreditations	21,476		21/76	16,104
Staff training course					5,171		5,171	6,258
Repairs and maintenance					11,606		11,606	6,957
Bank charges					3,279		3,279	2,546
Bank interest					210		210	412
Audit and accountancy						7,865	7,865	8,421
Legal and professional	fees				2,575		2,575
Sundryexpenses					12,368		12,368	9,485
Laundry and cleaning					7,239		7,239	8,798
Depreciation - Freehold		buildings			10,222		10,222	10,222
-Motor vehicles					17,541		17,541	19,380
-Plant and		equipment			16,870		16,870	8,029
-Oflice equipment					3,971		3,971	5,123
					1,190,806	7,865	1,198,671	982,277
Net incoming resources forthe year							2022f	2021
The net incoming resources			for the year is stated afier charging f (crediting) the fofiowing:
Depreciation oftangible	fixed assets						48,604	42,754
Profit on disposal offixed assets							(240)
Auditor's remuneration	-	audit services					5,590	4,790
Auditor's remuneration	-	non	audit services				1,715	1,600
Auditor's remuneration	-	non	audit services comprises;
VAT services							1.715	1,600


Employees							2022	2021
The aggregate		payroll	costs during the year amounted to:-
Wages and	salaries						645,824	584,933
Sodal security		costs					54,507	53,124
Pension Costs							49,521	40,936
							749,852	678,993
The average	monthly		number of full time and part time employees			during the year was:-
							2022	2021
							Number	Number
Training:
Management		and administration					6		6
Operations	staff						19		18
							25		24
The average	monthly		number of full time equivalent	employees	during the year was:-		22		19
One employee		earned	behveen 660,000 - 670,000	in the year	(2021:1)


7	Stocks		2022	2021
			6
	Stock offuel		5,000	4,000
	Sundry stock		500	900
			5,500	4,900
8	Debtors		2022	2021
			K
	Trade debtors		66,757	105,831
	Prepayments		24,893	24,247
	Accrued income		27,429	43,850
			119,079	173,928
9	Creditors: amounts	falling due within one year	2022	2021
			6	2
	Sankloan		3.806	14,352
	Trade creditors		18429	18,172
	Taxason and social security		40,166	36,924
	Accruals and deferred	income	90,399	106,533
			152,800	175,981
10	Creditors: amounts	falling due after more than one year	2022	2021
			8
	Bank loan			4,437
	Due between 2and 5years			4,437
	Due in more than 5years
				4,437

Analysis ofnet assets between funds
	Unrestricted	Restricted	Endowment	Torsi
	funds	funds	funds	funds
Tangible fixed assets	1,196,247		42,419	1,238,686
Current assets	802,080			802,080
Current liabiliTies	(152,800)			(152,800)
Long term liabilities
	1,845,527		42,419	1,887,948

					Fixed asset	Fixed asset	Total		Total
						fund	2022		2021
						8	6
At 1 August
Annual release offixed asset restricted				fund
At 31 July
Purposes of	restricted funds
The fixed asset fund represents		monies	received as grants		for fixed assets purchased	and funds ths annual depreciation			of the
assets.
Unrestricted	funds
							Total		Total
						General 6	2022 8		2021f
At 1 August						1,821,224	1,821,224	1,879,215
Surplus for the year						24,303	24,303	(57,991)
At 31July						1,845,527	1,845,527	1,621,224

The am leases.	ounts payable in the next year in respect ofoperating	leases are shown below, analysed according to	the expir	y date o	fthe
		2022		2021
			6
OfBce	equipment
Within	12months		286		286
			286		286

nalysis	ofchanges in net debt
		'1 August	Cash flows	'31 July
		2,021		2,022
			6	f
Cash	at bank and in hand	643,478	34,023	677,501
Loans	falling due within one year	( 14,352)	10,546	( 3,806)
Loans	falling due after more than one year	(4/37)	4337
		824,689	49,006	673,695

					2019f	2022 6	2021
incoming Resources:
Apprenticeship funding					252,165	349,192	315,322
Other IHT training					82,272	68,321	48,693
Course fees					735,681	771,950	460,735
DGSA consultancy					13,102	20,428	19,986
Bank deposit interest					1,990	74	165
Membership fees					271	250	271
Rental income					10,425	9,974	9,364
Other income					5,034	2,545	5,057
Profit on disposal offixed assets					1,800	240
Furlough scheme
					1,102,740	1,222,974	924,286
Resources Expended:
Vehicle fuel and oil					49,259	72,308	27,152
Vehicle repairs					20,867	24,845	14,543
Vehicle licence, insurance,			and hire		17,567	19,783	17,643
Salaries					624,568	700,331	638,057
Employer pension contributions					42,250	49,521	40,936
Insurance					11,683	13,532	12,856
Office expenses					7,748	5,337	4,943
Telephone					2936	3,307	3,136
Computer expenses					2979	3,972	4,987
Advertising					8,396	6,386	3,902
Light and heat					(3,719)	(4,019I	(1,172)
Rates and water					8,991	9,662	8,923
Teaching and course expenses					142,289	163,477	96,763
ADR course fees					8,940	9,140	6,980
Subscriptions, and consultancy				accreditations	17,820	21876	16,104
Staff training course					3,834	5,171	6,258
Repairs and maintenance					3,778	11,606	6,957
Bad debts						716	893
Bank charges					5,976	3,279	2,546
Bank interest					1,193	210	412
Legal and professional	fees				3,343	2,575
Audit and accountancy					6,539	7,865	8,421
Sundry expenses					8,380	12,368	9,485
Laundry and cleaning					8,174	7,239	8,798
Depreciation - Freehold		buildings			10,222	10,222	10,222
- Motor vehicles					52,080	17,541	19,380
- Plant and		equipment			10,768	16,870	8,029
-Office equipment					4,859	3,971	5,123
					1,079,822	1,198,671	982,277
Net incoming resources for		the	year		22,918	24,303	(57,991)