## ## |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)|