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← Appris Charity Limited

2024-07-31-accounts

Registered number: 01716035 Charity number: 514138

APPRIS CHARITY LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

APPRIS CHARITY LIMITED

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the charitable company, its Trustees and advisers 1
Trustees' report 2 - 8
Independent auditors' report on the financial statements 9 - 12
Consolidated statement of financial activities 13
Consolidated balance sheet 14 - 15
Charitable company balance sheet 16 - 17
Consolidated statement of cash flows 18
Notes to the financial statements 19 - 40

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

APPRIS CHARITY LIMITED

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JULY 2024

Trustees Paul Dale,Chair
Edward Andrew Butterfield(resigned 31 December 2023)
Neil Copsey
Alexandra Miles
Nikita Seabright(resigned 26 April 2024)
Mark Tullett
Company registered
number
01716035
Charity registered number
514138
Registered office
B. T. A. L. House
Laisterdyke
Bradford
West Yorkshire
BD4 8AT
Key management personnel John Igoe
Kenny Stoddart
Dean Coleman-Walker
Derek Pickard
Nikita Seabright (appointed 26 April 2024)
Independent auditors
BHP LLP
New Chartford House
Centurion Way
Cleckheaton
Bradford
West Yorkshire
BD19 3QB
Bankers
Virgin Money
14 Broadway
Bradford
West Yorkshire
BD1 1EZ

Page 1

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

APPRIS CHARITY LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 JULY 2024

The Trustees present their annual report together with the audited financial statements of the charitable company for the year 1 August 2023 to 31 July 2024. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Objectives and activities

a. Policies and objectives

Appris Charity is dedicated to consolidating our position as the provider of choice for engineering apprenticeships and training, predominantly but not exclusively in the West Yorkshire region. Where we can serve and add to our loyal customer base that we have established over the last 40 years.

These activities deliver public benefit by supporting businesses in recruiting and training young people to gain the skills required by manufacturing industries which will benefit the local and national economy.

b. Strategies for achieving objectives

To realise our objectives, we have implemented a multi-faceted strategy, including:

  1. Community Engagement:

  2. Strengthening partnerships with local businesses, schools, and organisations to extend our outreach.

  3. Program Development:

  4. We continuously innovate and refine our educational programs to meet evolving needs.

  5. Resource Allocation:

  6. Ensuring optimal use of resources to maximise impact.

  7. Enhance Learning Experience

  8. Provide the best possible learning experience for our learners.

c. Activities undertaken to achieve objectives

This year, our key activities include:

  1. We are in the process of investing £1m in our training centre resources as a part of our strategy to accommodate more classroom space and workshop equipment.

  2. We have invested substantially in new laptops for learners, where they have the capacity to run the design softwares required for training purposes.

  3. To support our strategic objectives, we continue to increase direct staff with full-time engineering tutors and fulltime engineering advisor positions.

Page 2

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

APPRIS CHARITY LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2024

Strategic report

a. Main achievements of the charitable company

We are proud to report significant achievements such as:

  1. Significant increase in footfall in the training centre.

  2. Significant increase in apprentice recruitment

  3. Increase in training centre success rates.

  4. Increase in learners advancing to HNC.

  5. Positive financial results to allow investment in the future.

b. Key performance indicators

In November/December 2023 we were Ofsted inspected. The outcome of this inspection was published in January 2024, where the overall Ofsted Grade 2 = Good Provider, with Grade 2 Good Provider in each subcategory. Under the current Ofsted inspection rules, we will be Ofsted inspected again before January 2029.

Our performance is measured through a range of indicators, such as:

  1. We recruited 176 apprentices (2023: 146)

  2. We had 93 completions (2023: 79)

  3. Funded value of recruited apprentices 2023/2024 £1.04m (2022/2023: £0.76m)

  4. Gross income was £3.34m (2023: £2.78m)

  5. Net profit £220k (2023: £207k)

c. Factors relevant to achieve objectives

Several external factors pose challenges and opportunities, including:

  1. With 83% of our income emanating from our Contract with the DfE, we are exposed to any changes in government policy, which can be positive or negative.

  2. We are inspected by Ofsted, where our contract is subject to achieving and maintaining a satisfactory grade.

  3. We continue to win business from local colleges as well as from a local training provider that ceased to deliver apprenticeships. However, we continue to implement operational improvements to ensure we retain this business. One of these improvement actions agreed in 2023/24 that will commence its implementation in 2024/25 is a new business management software system called EOS.

Page 3

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

APPRIS CHARITY LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2024

Strategic report (continued)

Financial review

a. Going concern

The financial statements have been prepared on the going concern basis with total income again exceeding the expenditure incurred in the year.

The unrestricted funds being carried forwards are in surplus of £3,049,824 as at 31 July 2024 allowing for long term planning to further support the achievement of the group’s objectives.

The Trustees have therefore concluded that it is appropriate to continue to use the going concern basis in the preparation of these financial statements. They do not believe there are any material uncertainties in relation to the going concern assessment.

b. Financial review and future developments

The surplus for the group for the year was £220,444 (2023: £207,509). Total funds at the balance sheet date amount to £3,231,431 (2023: £3,010,987) and will be applied for future development and in furtherance of the charity’s objectives for the coming year.

c. Principal risks and uncertainties

We identify and monitor risks and keep a register, which we review on a regular basis. Our main risks are:

DfE Compliance

We must ensure we comply with the terms of our DfE contract or risk losing it.

OFSTED

A Grade 4 would result in the loss of our DfE contract.

Staff

We need to recruit and retain competent staff to deliver our programs.

Technology

In order to maintain our position as the provider of choice, we must keep up to date with new technology developments.

Health & Safety

Failure to comply with legislation could be a serious risk to the business.

Page 4

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

APPRIS CHARITY LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2024

d. Financial risk management objectives and policies

Our financial risk management strategy includes:

Diversification of Funding Sources:

In addition to our DfE contract, we deliver a range of training courses and consultancy, and we also receive rent from an investment property. However, that said, our charitable status is based on the delivery of engineering apprenticeships to the local engineering manufacturing industry, where this remains the focus for our future strategy. Therefore, the DfE income will continue to be the single largest source of income.

Budgetary Controls:

We prepare a detailed financial budget for income and expenditure, which we review regularly.

Reserve Policy:

We maintain a reserve of liquid funds for unforeseen financial needs.

e. Principal funding

The charity's primary funding sources this year were:

  1. Apprentice Funding: We receive monthly funding known as on-program payments based on the value of the program being delivered.

  2. Grants: We receive grant funding in respect of 16–18-Year-old apprentice starts.

  3. Completion Payments: We receive a completion payment in respect of each completed apprenticeship.

Structure, governance and management

a. Constitution

Appris Charity Limited is a company limited by guarantee. It was incorporated as a private limited company on 18 April 1983 as company number 01716035 and is governed by its Memorandum and Articles of Association.

The directors of the company are also trustees of the charity and accordingly the Directors’ Report incorporates the Trustees’ Report.

The company is also a registered charity, number 514138 and registered with the Charity Commission on 12 August 1983.

Charity Office: B.T.A.L. House, Laisterdyke, Bradford, West Yorkshire, BD4 8AT.

b. Methods of appointment or election of Trustees

The Chairman is elected by the trustees. Trustees are appointed in accordance with the company’s Articles of Association. The number of Trustees shall not be less than three but should not be subject to any maximum.

Page 5

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

APPRIS CHARITY LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2024

Structure, governance and management (continued)

c. Policies adopted for the induction and training of Trustees

New trustees are briefed by the Chairman on their legal obligations under charity law. There is no specific training regime for the trustees to equip them for their role, though they are required to be competent persons who normally are already directors of a company in membership.

d. Risk management

The trustees actively review the major risks which the charity faces on a regular basis and consider that maintaining free reserves at the level stated, combined with continuous review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks and confirm that they have established systems to mitigate the significant risks.

Other than bank balances, the organisation does not have any significant financial instruments. Liquidity risk is managed by the use of short term money market accounts when funds are available.

e. Fundraising

The charitable group doesn’t actively fundraise but appreciates donations from the public. The charitable group does not use any professional fundraiser or commercial participator to carry out activities on the charitable group’s behalf.

Due to the low level of fundraising the charitable group undertakes, the charitable group is not a participant of a voluntary scheme for regulating fundraising, or any voluntary standard of fundraising for the activities carried out on behalf of the charitable group. Should the charitable group at some point in the future undertake a specific fundraising campaign or start to generate more income through fundraising, the trustees will look to sign up to a voluntary fundraising code.

Page 6

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

APPRIS CHARITY LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2024

Structure, governance and management (continued)

f. Financial reserves policy

The reserves of the company are accumulated substantially from earned income and not through donations.

The charity needs reserves for the following reasons:

As at the year end, the total unrestricted reserves of the group was £3,049,824 (2023: 2,825,257) of which free reserves (unrestricted reserves not represented by intangible assets, tangible assets and investment property) were £686,478 (2023: £560,970).

Plans for future periods

Looking ahead, we will:

  1. Continue to develop the engineering apprenticeships we offer in line with employer needs.

  2. Train & retain our staff to ensure the best learning experience for our learners.

  3. Invest in the technology and equipment required.

  4. Continue to be the provider of choice for engineering Apprenticeships and training.

  5. Ensure we comply with the DfE, Ofsted, HSE, EA and other regulatory bodies.

  6. Plan new collaborations or strengthening existing ones.

Page 7

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

APPRIS CHARITY LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2024

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for preparing the Trustees' report including the Strategic report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and the charitable company and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

Auditors

The auditors, BHP LLP, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.

Approved by order of the members of the board of Trustees and signed on their behalf by:

Signer ID: 45PHTAMIBO... Paul Dale Trustee Date: 17/02/2025 GMT

Page 8

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

APPRIS CHARITY LIMITED

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF APPRIS CHARITY LIMITED

Opinion

We have audited the financial statements of Appris Charity Limited (the 'parent charitable company') and its subsidiaries (the 'group') for the year ended 31 July 2024 which comprise the Consolidated statement of financial activities, the Consolidated balance sheet, the Charitable company balance sheet, the Consolidated statement of cash flows and the related notes, including a summary of significant 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 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and 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 the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 9

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

(A company limited by guarantee)

APPRIS CHARITY LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF APPRIS CHARITY LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Annual report other than the financial statements and our Auditors' report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, 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 of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are 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 of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Annual report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

Page 10

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

(A company limited by guarantee)

APPRIS CHARITY LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF APPRIS CHARITY LIMITED (CONTINUED)

Responsibilities of trustees

As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the group and the sector in which it operates and considered the risk of acts by the group that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We focused on laws and regulations, relevant to the group, which could give rise to a material misstatement in the financial statements. Our tests included agreeing the financial statement disclosures to underlying supporting documentation, enquiries with management, review of operation of controls within the year, and review of expenses, such as legal costs. There are inherent limitations in the audit procedures described and, the further removed noncompliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it.

As part of our audit, we addressed the risk of management override of internal controls, including testing of journals and review of nominal ledger. We evaluated whether there was evidence of bias by the trustees that represented a risk of material misstatement due to fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Page 11

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

APPRIS CHARITY LIMITED

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF APPRIS CHARITY LIMITED (CONTINUED)

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company's trustees, as a body, Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Signer ID: LO0G8ECPQB...

Neil Baldwin (Senior statutory auditor)

for and on behalf of

BHP LLP

New Chartford House Centurion Way Cleckheaton Bradford West Yorkshire BD19 3QB

Date: 17/02/2025 GMT

Page 12

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

APPRIS CHARITY LIMITED

(A company limited by guarantee)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 JULY 2024

Note
Income from:
Charitable activities
3
Investments
5
Other income - Grants
4
Total income
Expenditure on:
Charitable activities
6
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2024
£
502,612
63,645
2,765,874
3,332,131
3,107,564
224,567
2,825,257
224,567
3,049,824		 Restricted
funds
2024
£
-
-
10,000
10,000
14,123
(4,123)
185,730
(4,123)
181,607		 Total
funds
2024
£
502,612
63,645
2,775,874
3,342,131
3,121,687
220,444
3,010,987
220,444
3,231,431		 Total
funds
2023
£
399,587
48,384
2,328,748
2,776,719
2,569,210
207,509
2,803,478
207,509
3,010,987

The Consolidated Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 19 to 40 form part of these financial statements.

Page 13

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

APPRIS CHARITY LIMITED

(A company limited by guarantee)

REGISTERED NUMBER: 01716035

CONSOLIDATED BALANCE SHEET

AS AT 31 JULY 2024

Note
Fixed assets
Intangible assets
10
Tangible assets
11
Investment property
12
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within one year
15
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than
one year
16
Total net assets
Charity funds
Restricted funds
18
Unrestricted funds
18
Total funds		 360,724
1,218,810
1,579,534
(362,630)		 2024
£
(331,563)
2,363,346
331,563
2,363,346
1,216,904
3,580,250
(348,819)
3,231,431
181,607
3,049,824
3,231,431		 434,755
1,318,193
1,752,948
(462,676)		 2023
£
(331,563)
2,264,287
331,563
2,264,287
1,290,272
3,554,559
(543,572)
3,010,987
185,730
2,825,257
3,010,987

Page 14

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

APPRIS CHARITY LIMITED

(A company limited by guarantee)

REGISTERED NUMBER: 01716035

CONSOLIDATED BALANCE SHEET (CONTINUED)

AS AT 31 JULY 2024

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Signer ID: 45PHTAMIBO...

Paul Dale

Trustee Date: 17/02/2025 GMT

The notes on pages 19 to 40 form part of these financial statements.

Page 15

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

APPRIS CHARITY LIMITED

(A company limited by guarantee)

REGISTERED NUMBER: 01716035

CHARITABLE COMPANY BALANCE SHEET

AS AT 31 JULY 2024

Note
Fixed assets
Intangible assets
10
Tangible assets
11
Investments
13
Investment property
12
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within one year
15
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than
one year
16
Total net assets
Charity funds
Restricted funds
18
Unrestricted funds
18
Total funds		 147,597
841,289
988,886
(45,234)		 2024
£
(331,563)
2,218,001
100
331,563
2,218,101
943,652
3,161,753
(348,819)
2,812,934
199,853
2,613,081
2,812,934		 139,694
927,647
1,067,341
(49,189)		 2023
£
(331,563)
2,149,576
100
331,563
2,149,676
1,018,152
3,167,828
(543,572)
2,624,256
199,853
2,424,403
2,624,256

Page 16

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

APPRIS CHARITY LIMITED

(A company limited by guarantee)

REGISTERED NUMBER: 01716035

CHARITABLE COMPANY BALANCE SHEET (CONTINUED)

AS AT 31 JULY 2024

As permitted by s408 Companies Act 2006, the company has not presented its own profit and loss account and related notes. The charitable company's net movement in funds for the year was £188,678 (2023 - £354,166).

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Signer ID: 45PHTAMIBO...

Paul Dale

Trustee

Date: 17/02/2025 GMT

The notes on pages 19 to 40 form part of these financial statements.

Page 17

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

APPRIS CHARITY LIMITED

(A company limited by guarantee)

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 JULY 2024

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Proceeds on disposal of tangible fixed assets
Interest received
Net cash used in investing activities
Cash flows from financing activities
Repayments of borrowing
Proceeds of new bank loans
Net cash used in financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2024
£
340,877
(288,130)
9,755
22,565
(255,810)
(254,450)
70,000
(184,450)
(99,383)
1,318,193
1,218,810		 2023
£
395,633
(404,931)
7,000
8,471
(389,460)
(12,499)
-
(12,499)
(6,326)
1,324,519
1,318,193

The notes on pages 19 to 40 form part of these financial statements

Page 18

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

(A company limited by guarantee)

APPRIS CHARITY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

1. General information

Appris Charity Limited is a charitable company limited by guarantee incorporated in England and Wales. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £10 per member of the company. The registered office is B.T.A.L. House, Laisterdyke, Bradford, West Yorkshire, BD4 8AT.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Appris Charity Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The Consolidated statement of financial activities (SOFA) and Consolidated balance sheet consolidate the financial statements of the charitable company and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.

The charitable company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of financial activities in these financial statements.

2.2 Going concern

The financial statements have been prepared on the going concern basis with total income again exceeding the expenditure incurred in the year.

The unrestricted funds being carried forwards are in surplus of £3,049,824 as at 31 July 2024 allowing for long term planning to further support the achievement of the group’s objectives.

The Trustees have therefore concluded that it is appropriate to continue to use the going concern basis in the preparation of these financial statements. They do not believe there are any material uncertainties in relation to the going concern assessment.

Page 19

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

(A company limited by guarantee)

APPRIS CHARITY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

2. Accounting policies (continued)

2.3 Income

All income is recognised once the charitable company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Consolidated statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Government grants relating to tangible fixed assets are treated as deferred income and released to the Consolidated statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Consolidated statement of financial activities as the related expenditure is incurred.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Group's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Group; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

Page 20

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

(A company limited by guarantee)

APPRIS CHARITY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

2. Accounting policies (continued)

2.6 Taxation

The charitable company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charitable company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

2.7 Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Goodwill was acquired by way of transfer of all assets and liabilities from Leeds Training Services Limited, a company registered in England and Wales, on 1 August 2011, and is now fully amortised.

Negative goodwill is capitalised and classified as a negative asset on the balance sheet. Negative goodwill relating to net current assets was immediately amortised and negative goodwill relating to investment property is being carried forward.

2.8 Tangible fixed assets and depreciation

Tangible fixed assets costing £100 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

Page 21

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

(A company limited by guarantee)

APPRIS CHARITY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

2. Accounting policies (continued)

2.9 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Consolidated statement of financial activities.

Investments in subsidiaries are valued at cost less provision for impairment.

2.10 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.11 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.12 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charitable company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Consolidated statement of financial activities as a finance cost.

2.13 Financial instruments

The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.14 Operating leases

Rentals paid under operating leases are charged to the Consolidated statement of financial activities on a straight-line basis over the lease term.

Page 22

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

(A company limited by guarantee)

APPRIS CHARITY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

2. Accounting policies (continued)

2.15 Pensions

The Group operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Group to the fund in respect of the year.

2.16 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Group for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

3. Income from charitable activities

Annual fees
Course fees & services
Total 2023		 Unrestricted
funds
2024
£
223,146
279,466
502,612
399,587		 Total
funds
2024
£
223,146
279,466
502,612
399,587		 Total
funds
2023
£
141,653
257,934
399,587

Page 23

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

APPRIS CHARITY LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

4. Other income - Grants

ESFA funding and grants
Other grants
Total 2023		 Unrestricted
funds
2024
£
2,695,872
70,002
2,765,874
2,328,748		 Restricted
funds
2024
£
-
10,000
10,000
-		 Total
funds
2024
£
2,695,872
80,002
2,775,874
2,328,748		 Total
funds
2023
£
2,328,748
-
2,328,748

5. Investment income

Rent receivable
Bank interest receivable
Total 2023		 Unrestricted
funds
2024
£
41,080
22,565
63,645
48,384		 Total
funds
2024
£
41,080
22,565
63,645
48,384		 Total
funds
2023
£
39,913
8,471
48,384

Page 24

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

APPRIS CHARITY LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

6. Analysis of expenditure on charitable activities

Summary by fund type
Course fees and services
Revenue expenditure
College fees & subcontract
Equipment repairs
Staff recruitment
Staff training
Wages, NI & pension
Staff welfare
Rates
Cleaning
Power, light & heat
Property repairs & maintenance
Premises insurance
Equipment leasing
Computer costs
Motor leasing & expenses
Subscriptions & donations
Legal expenses
Governance costs
Accountancy/subsidiary audit fees
Bank charges & interest
Printing & stationery
Advertising
Telecommunications
Sundry expenses
(Profit)/loss on disposal of fixed assets
Depreciation
Total 2024
Total 2023		 Unrestricted
funds
2024
£
79,308
74,460
169,402
900
13,700
19,411
2,075,564
21,678
10,065
49,030
29,350
92,809
17,829
62,137
91,729
19,858
2,448
9,996
8,000
6,947
33,886
12,111
5,480
14,198
22,074
(9,754)
174,948
3,107,564
2,385,496		 Restricted
funds
2024
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
14,123
14,123
12,575		 Total
funds
2024
£
79,308
74,460
169,402
900
13,700
19,411
2,075,564
21,678
10,065
49,030
29,350
92,809
17,829
62,137
91,729
19,858
2,448
9,996
8,000
6,947
33,886
12,111
5,480
14,198
22,074
(9,754)
189,071
3,121,687
2,398,071		 Total
funds
2023
£
46,233
59,771
112,989
6,027
14,172
14,316
1,740,499
20,945
7,119
44,375
24,172
58,802
14,501
49,768
74,380
22,326
2,208
8,410
6,600
10,237
34,391
10,139
11,697
13,422
13,132
1,319
147,260
2,569,210

Page 25

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

APPRIS CHARITY LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

7. Auditors' remuneration

The auditors' remuneration amounts to an auditor fee of £14,850 ( 2023 - £14,100 ) , and fees for other services of £600 (2023 - £750).

8. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 Group
2024
£
1,706,561
170,721
198,282
2,075,564		 Group
2023
£
1,430,930
141,077
168,492
1,740,499

All staff are employed by Appris Management Limited. Appris Charity Limited does not have any employees.

Contributions totalling £26,321 (2023: £22,420) were payable to a pension scheme at the end of the year are included in creditors.

The key management personnel of the charity during this financial year are listed in the reference and administrative details page at the front of this document.

The total employee benefits of the key management personnel of the Trust were £487,598 (2023: £432,740).

The average number of persons employed by the charitable company during the year was as follows:

Group Group
2024 2023
No. No.
Employees 36 31

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

Group Group
2024 2023
No. No.
In the band £70,001 - £80,000 2 2
In the band £80,001 - £90,000 - 1
In the band £90,001 - £100,000 1 -

Page 26

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

APPRIS CHARITY LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

9. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).

During the year ended 31 July 2024, expenses totalling £153 were reimbursed or paid directly to 5 Trustees (2023 - £806).

10. Intangible assets

Group

Cost
At 1 August 2023
At 31 July 2024
Amortisation
At 1 August 2023
At 31 July 2024
Net book value
At 31 July 2024
At 31 July 2023		 Goodwill
£
22,683
22,683
22,683
22,683
-
-		 Negative
goodwill
£
(1,134,987)
(1,134,987)
(803,424)
(803,424)
(331,563)
(331,563)		 Total
£
(1,112,304)
(1,112,304)
(780,741)
(780,741)
(331,563)
(331,563)

Page 27

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

APPRIS CHARITY LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

10.
Intangible assets (continued)
Company
At 1 August 2023
At 31 July 2024
At 1 August 2023
At 31 July 2024
Net book value
At 31 July 2024
At 31 July 2023		 Negative
goodwill
£
(1,134,987)
(1,134,987)
(803,424)
(803,424)
(331,563)
(331,563)

Goodwill was acquired by way of a transfer of all of the assets and liabilities from Leeds Training Services Limited, a company registered in England and Wales, to Appris Management Limited.

Negative goodwill was acquired by way of a transfer of all of the assets and liabilities from Leeds Training Trust, a registered charity, to Appris Charity Limited.

Page 28

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

APPRIS CHARITY LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

11. Tangible fixed assets

Group

Cost or valuation
At 1 August 2023
Additions
Disposals
At 31 July 2024
Depreciation
At 1 August 2023
Charge for the year
On disposals
At 31 July 2024
Net book value
At 31 July 2024
At 31 July 2023		 Freehold
property
£
2,352,476
4,785
-
2,357,261
551,196
45,591
-
596,787
1,760,474
1,801,280		 Plant and
machinery
£
480,731
33,075
(269,183)
244,623
283,569
70,380
(269,183)
84,766
159,857
197,162		 Fixtures and
fittings
£
781,352
250,270
(232,108)
799,514
515,507
73,100
(232,108)
356,499
443,015
265,845		 Total
£
3,614,559
288,130
(501,291)
3,401,398
1,350,272
189,071
(501,291)
1,038,052
2,363,346
2,264,287

Freehold land at a cost of £356,370 (2023 - £356,370) has not been depreciated.

Page 29

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

APPRIS CHARITY LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

11. Tangible fixed assets (continued)

Company

Cost or valuation
At 1 August 2023
Additions
Disposals
At 31 July 2024
Depreciation
At 1 August 2023
Charge for the year
On disposals
At 31 July 2024
Net book value
At 31 July 2024
At 31 July 2023		 Freehold
property
£
2,352,476
4,785
-
2,357,261
551,196
45,591
-
596,787
1,760,474
1,801,280		 Plant and
machinery
£
480,731
33,075
(269,183)
244,623
283,569
70,380
(269,183)
84,766
159,857
197,162		 Fixtures and
fittings
£
461,173
186,974
(43,600)
604,547
310,039
40,438
(43,600)
306,877
297,670
151,134		 Total
£
3,294,380
224,834
(312,783)
3,206,431
1,144,804
156,409
(312,783)
988,430
2,218,001
2,149,576

Freehold land at a cost of £356,370 (2023 - £356,370) has not been depreciated.

Page 30

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

APPRIS CHARITY LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

12.
Investment property
Group
Valuation
At 1 August 2023
At 31 July 2024
Charity
Valuation
At 1 August 2023
At 31 July 2024		 Freehold
investment
property
£
331,563
331,563
Freehold
investment
property
£
331,563
331,563

Page 31

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

APPRIS CHARITY LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

13. Fixed asset investments

Charity
Cost or valuation
At 1 August 2023
At 31 July 2024
Net book value
At 31 July 2024
At 31 July 2023		 Investments in
subsidiary
companies
£
100
100
100
100

The charity holds 100 shares of £1 each in its wholly owned trading subsidiary company Appris Management Limited. These are the only shares allotted, called up and fully paid. The activities and results of this company are summarised below.

Principal subsidiaries

The following was a subsidiary undertaking of the charitable company:

Name Company Registered office or principal place Principal activity
number of business
Appris Management Limited 03335776 BTAL House, Laisterdyke, Bradford, Promotion and delivery
West Yorkshire, BD4 8AT of training in industry
Class of Holding Included in
shares consolidation
Ordinary 100% Yes
Shares

Page 32

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

APPRIS CHARITY LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

13. Fixed asset investments (continued)

The financial results of the subsidiary for the year were:

Name
Income
£
Expenditure
£
Profit/(Loss)/
Surplus/
(Deficit) for the
year
£
Appris Management Limited
3,258,484
(2,923,367)
335,117
14.
Debtors
Group
Group
Company
2024
2023
2024
£
£
£
Due within one year
Trade debtors
233,100
316,937
12,500
Amounts owed by group undertakings
-
-
99,380
Other debtors
37,341
28,390
34,764
Prepayments and accrued income
90,283
89,428
953
360,724
434,755
147,597		 Net assets
£
418,595
Company
2023
£
-
118,224
20,870
600
139,694

Amounts owed by group companies are repayable on demand and attract an interest rate of base rate plus 2.0%.

15. Creditors: Amounts falling due within one year

Bank loans
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 Group
2024
£
16,924
56,223
52,985
216,240
20,258
362,630		 Group
2023
£
9,621
203,763
69,180
80,134
99,978
462,676		 Company
2024
£
16,924
8,050
-
-
20,260
45,234		 Company
2023
£
9,621
14,822
-
-
24,746
49,189

Page 33

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

APPRIS CHARITY LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

16. Creditors: Amounts falling due after more than one year

Group Group Company Company
2024 2023 2024 2023
£ £ £ £
Bank loans 348,819 543,572 348,819 543,572

Bank loans and overdrafts are secured by a fixed and floating charge over all the property or undertakings of the charitable company.

The aggregate amount of liabilities payable or repayable wholly or in part more than five years after the reporting date is:

Payable or repayable by instalments Group
2024
£
218,193
218,193		 Group
2023
£
475,142
475,142		 Company
2024
£
218,193
218,193		 Company
2023
£
475,142
475,142

17. Deferred income included in creditors

Deferred income at 1 August 2023
Resources deferred during the year
Amounts released from previous periods
Deferred income at 31 July 2024		 Group
2024
£
54,224
66,952
(54,224)
66,952		 Group
2023
£
10,038
54,224
(10,038)
54,224

Page 34

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

APPRIS CHARITY LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

18. Statement of funds

Statement of funds - current year

Unrestricted funds
General funds
Restricted funds
Restricted funds
Total of funds
Statement of funds - prior year
Unrestricted funds
General funds
Restricted funds
Restricted funds
Total of funds		 Balance at 1
August 2023
£
2,825,257
185,730
3,010,987
Balance at
1 August 2022
£
2,603,625
199,853
2,803,478		 Income
£
3,332,131
10,000
3,342,131
Income
£
2,776,719
-
2,776,719		 Expenditure
£
(3,107,564)
(14,123)
(3,121,687)
Expenditure
£
(2,555,087)
(14,123)
(2,569,210)		 Balance at 31
July 2024
£
3,049,824
181,607
3,231,431
Balance at
31 July 2023
£
2,825,257
185,730
3,010,987

Page 35

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

APPRIS CHARITY LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

19. Summary of funds

Summary of funds - current year

General funds
Restricted funds
Summary of funds - prior year
General funds
Restricted funds		 Balance at 1
August 2023
£
2,825,257
185,730
3,010,987
Balance at
1 August 2022
£
2,603,625
199,853
2,803,478		 Income
£
3,332,131
10,000
3,342,131
Income
£
2,776,719
-
2,776,719		 Expenditure
£
(3,107,564)
(14,123)
(3,121,687)
Expenditure
£
(2,555,087)
(14,123)
(2,569,210)		 Balance at 31
July 2024
£
3,049,824
181,607
3,231,431
Balance at
31 July 2023
£
2,825,257
185,730
3,010,987

Restricted funds - relate to government grants received in relation to capital purchases. The value of the grants is being released in line with the depreciation policy of the relevant capital items.

20. Analysis of net assets between funds

Analysis of net assets between funds - current period

Tangible fixed assets
Intangible fixed assets
Investment property
Current assets
Creditors due within one year
Creditors due in more than one year
Total		 Unrestricted
funds
2024
£
2,181,739
(331,563)
331,563
1,579,534
(362,630)
(348,819)
3,049,824		 Restricted
funds
2024
£
181,607
-
-
-
-
-
181,607		 Total
funds
2024
£
2,363,346
(331,563)
331,563
1,579,534
(362,630)
(348,819)
3,231,431

Page 36

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

(A company limited by guarantee)

APPRIS CHARITY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

20. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior period

Tangible fixed assets
Intangible fixed assets
Investment property
Current assets
Creditors due within one year
Creditors due in more than one year
Total		 Unrestricted
funds
2023
£
2,078,557
(331,563)
331,563
1,752,948
(462,676)
(543,572)
2,825,257		 Restricted
funds
2023
£
185,730
-
-
-
-
-
185,730		 Total
funds
2023
£
2,264,287
(331,563)
331,563
1,752,948
(462,676)
(543,572)
3,010,987

21. Share Capital

The company has no share capital but is limited by guarantee. Every member of the company undertakes to contribute up to £10 in the event of the company being wound up.

In these circumstances, any surplus assets are to be transferred to another charitable institution with similar objects to the company and similar restrictions on distribution of assets to members.

Page 37

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

APPRIS CHARITY LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

22. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the period (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Dividends, interests and rents from investments
Loss/(profit) on the sale of fixed assets
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash provided by operating activities		 Group
2024
£
220,444
189,071
(22,565)
(9,754)
74,032
(110,351)
340,877		 Group
2023
£
207,509
147,260
(8,471)
1,319
(97,513)
145,529
395,633
23.
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents
24.
Analysis of changes in net debt
Cash at bank and in hand
Debt due within 1 year
Debt due after 1 year		 At 1 August
2023
£
1,318,193
(9,621)
(543,572)
765,000		 Group
2024
£
1,218,810
1,218,810
Cash flows
£
(99,383)
(7,303)
194,753
88,067		 Group
2023
£
1,318,193
1,318,193
At 31 July
2024
£
1,218,810
(16,924)
(348,819)
853,067

Page 38

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

APPRIS CHARITY LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

25. Capital commitments

Group Group Company Company
2024 2023 2024 2023
£ £ £ £
Contracted for but not provided in these financial
statements
Acquisition of tangible fixed assets - 1,989 - 1,989

26. Operating lease commitments

At 31 July 2024 the Group and the charitable company had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

Within 1 year
Between 2 and 5 years		 Group
2024
£
72,209
274,082
346,291		 Group
2023
£
47,680
24,601
72,281		 Company
2024
£
67,598
264,758
332,356		 Company
2023
£
42,664
10,666
53,330

At the reporting end date the group had contracted with tenants for the following minimum lease rental receipts:

Within 1 year
Between 2 and 5 years		 Group
2024
£
40,000
103,333
143,333		 Group
2023
£
40,000
143,333
183,333		 Company
2024
£
40,000
103,333
143,333		 Company
2023
£
40,000
143,333
183,333

Page 39

Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda

APPRIS CHARITY LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

27. Related party transactions

During the year the charitable company charged it's trading subsidiary, Appris Management Limited, rent of £60,000 (2023: £60,000) and loan interest of £8,271 (2023: £3,044).

Appris Management Limited charged the charity for course fees of £62,852 (2023: £63,044).

The charity charged Appris Management Limited for apprentice funding received in the year of £2,695,872 (2023: £2,328,748).

The balance on loans due from Appris Management Limited at the year end was £99,380 (2023: £118,224).

28. Controlling party

Ultimate control of the charitable company lies with the board of trustees.

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Document ID: 28c307c72959e9f69641d2faf9c71753c36167eae8b054a5fd29b9da92c7dfda