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 2025
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) CONTENTS Page Reference and administrative details of the charitable companyi Its Trustees and advisers Trusteès, report Independent audltors, report on the financ5al statements 10-13 Consolidated statement of financial activities 14 Consolidated balance sheet 15-16 Charitable company balance sheet 17-18 Consolldated statement of cash flows 19 Notes to the financial statements 20-42
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JUL Y2025 Trustees Paul Oale, Chair Neil Copsey Alexandra Mile5 Mark Tullett Company registered number 01716035 Charlty reglstered number 514138 Re8lStered 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 Independent auditors Sumer Auditco Limited New Chartford House Centurion Way Cleckheaton Bradford West Yorkshire BD19 3QB Bankers Virgin Money 14 Broadway Bradford West Yorkshire BDI IEZ Page I
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 JUL Y2025 The Trustee5 present their annual report together with the audited financial statements of the charitable cornpany for the vear l August 2024 to 31 July 2025. 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 tomply with the current Statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recomrnended Practice ISORPI applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffective l January 20191. Objettives ond tsrtivities a. Policie5 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 bu5ines5es IN recruiting and training young people to gain the skills required by manufacturing industries which will benefit the local and national economy. b. StrategSes for achlevSng oblectlves To realise our objettives, we have implemented a multi-faceted strategy, including.. Community Engagement.. Strengthening partnerships with local businesses. schools, and orEanisatitsns to extend our outreach. Curriculum Development.. We continuously innovate and refine our curriculum to meet evolving needs of employers and the engineering and manufacturing sector. Resource Allocation.. Ensuring optimal use of resources to maximise impact. Enhance Learning Experience Provide the best Possible learning experience for our learners. c. Activities undertaken to achieve objectives This year. our key activities include.. We are in the proce55 of investing £lm IN our training centre resources a5 a part of our strate8V to accommodate more classroom space and workshop equipment. Tts support our stiategic objectives, we Continue to increase delivery staff number, often as trainees, to meet the demands of the yearly apprenticeship intake. Invest in continues professional development to ensure staff remain current in their teaching and engineering piactice. Page 2
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 JUL Y2025 Strqteqic report a. MaSn achlevements of the charStable company We are proud to report significant athievements such as-. Significant increase in footfall in the training centre. Significant increase in apprentice recruitment Increase in learner5 advancing to HNC. 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 rule5, we will be Ofsted inspected a8ain before January 2028. Our performance is measured through a range of indicators. such as.. We recruited 188 apprentice512024.. 1761 Gross income was £3.70m12024'. £3.34ml Net profit £76k12024.' £220kl Accessed over £IOO,000 capital investment funding from the Department of Edutationl Zero clawback of apprenticeship funding, followin8 a Department for Education external audit by KPMG c. Factors relevant to achieve objectives Several external factors pose challenges and opportunities, including.. With 86% of our income ernanating frorn our Contract with the DfE, we are exposed to any chan8e5 in government policy, which can be positive or negative. We are inspected by Ofsted, where our contract is subject to achieving and maintaining a satisfartory grade. We continue to win business and engage with new employers across the region, including micro to macro manufacturing employers. Lirnited hi8h-quality, talent pool of qualified Assessors and Tutor5 requires investment and time, nurturing and training Trainee positions. Page 3
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 JUL Y2025 Strategic report Icontinuedl Financiol review a. Golng COnrn The finantial statements have been prepared on the going concern basis with total income again exceeding the expenditure incurred IN the year. The unrestricted funds beine carried forwards are in surplus of £3,140,411 as at 31 July 2025 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 £76,46412024'. £220,444). Total funds at the balance sheet date amount to £3,307,89512024: £3,231,431) 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 AchieviN8 the lowest grade would result in the1055 of our DfE contract. staff We need to recruit and retain competent staff to deliver our programs. Technologv 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
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 JUL Y2025 d. Financial risk management objertives and policies Our financial risk management strategy includes.. Diversification of Funding Sources.. In addition to our DfE contrart, 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. Prlnclpal fundlng The charity's primary funding sourtes this year were.. Apprentice Funding.. We receive monthly funding known as on-program payments based on the value of the program being delivered. Grants.. We receive grant funding in respect of 16-18-Year-old apprentice starts. Capital Funding.. where p055ible, continue to acces5 government backed grants to support our continued investment in engineering machinerv Completion Payments.. We receive a completion payment in respect of each completed apprenticeship. Structurei governonce tsnd monttgement 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 Director5, Report iNcorporate5 the Trustees, Report. The company is also a registered charity, number 514138 and registered with the Charity Commission on 12 August 1983. Charity Office.. 8.T.A.L. House, Laisterdyke, Bradford, West Yorkshire, BD4 8AT. b. Methods of appolntment or electlon of Trustees The Chairman is elected by the trustees. Trustees are appointed in accordance with the cornpany's Articles of Association. The number of Trustees shall not be le55 than three but Should not be subject to any maximum. Page 5
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 JUL Y2025 Structure. 8overnance and mana8ement Icontinuedl 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 trustee5 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 finantial systems, will provide sufficient resource5 in the event of adverse conditions. The trustee5 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 fund5 are available. e. Fundralslng 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 fundraisin& or any voluntary standard of fundraising for the activities carried out on behalf of the charitable group. Should the charitable Eroup at some point in the future undertake a specific fundraising campaign or Start to generate more income throu8h fuNdrai5in& the trustees will look to sign up to a voluntary fundraising code. Page 6
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 JUL Y2025 Structure. 8overnance and mana8ement Icontinuedl 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.. To maintain the fabric of its buildings to a level acceptable to its members and itself. and to project an image of a professional organi53tion. To be able to purchase resources to enable the company to keep up to date with fast moving and changing technology in order to deliver its business. In a continuou5 climate of change in trainin& education and deve1oprnent, to allow the company time to meet and adjust to those changes. To give the company the financial resources to expand its business and facilities to meet member needs. The company will monitor its resources on a regular basis along with its income and expenditure. It will also submit its accounts to annual audit and report back to its members. The policy will be reviewed annually by the Board of Directors, prior to the AGM and will be monitored month bv month by the Managing Director. As at the year end, the total unrestricted reserves of the group wa5 £3,140,41112024.. £3,049,824) of which free reserves lunrestricted reserves not represented by intangible assets, tangible assets and investment property) were £931,348 12024.. £868,085). Plans for futurè periods Looking ahead, we will.. Continue to develop the engineering apprenticeships we offer in line with employer needs. Train & retain our staff to ensure the best learning experience for our learners. Invest in the technology and equipment required. Continue to be the provider of choice for engineering Apprenticeships and training. Ensure we comply with the DfE, Ofsted, HSE, EA and other regulatory bodies. Page 7
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 JUL Y2025 Statement of Trustees, responsibilities The Trustees (who are also the directors of the charitable company for the purposes of company lawl 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 Trustee5 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.. select suitable accounting policies and then apply them consistently- observe the methods and principles of the Charities SORP IFRS 1021.. make judgments and accounting estimates that are reasonable and prudent,. state whether applicable UK Accounting Standards IFRS 1021 have been followed. subject to any material departures disclosed and explained in the financial statements,. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in bu5ine55. The Trustees are re5pon5ible for keeping adequate accounting record5 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 a150 responsible for Safeguarding the assets of the Group and the charitable company and hence for taking reasonable step5 for the prevention and detection of fraud and other irregularities. Dlsclosure of Informatlon to audStors Each of the persons who are Trustees at the time when this Trustees, report is approved has confirmed that.. so far as that Trustee is aware, there 15 no relevant audit information of which the charitable group's auditors are unaware, and that Trustee has taken all the steps that ought to have been taken a5 a Trustee in order to be aware of any relevant audit information and to establish that the charitable group's auditors are aware of that information. Page 8
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 JUL Y2025 Oisclosure of information to auditor5 Icontinuedl Auditors Sumer Auditco Limited were appointed as auditor to the company following BHP LLP becoming part of the Sumer Group on 31 December 2025, which required a change in audit firm to comply with applicable regulatory requirements. In accordance with section 487121 of the Companies Act 2006, Sumer Auditco Limited are deemed to be reappointed annuallv. Approved by order of the members of the board of Trustees and signed on their behalf by.. gner ID.. 45PHTAMIBO... Paul Dale Trustee Date.. 0210412026 GMT Page 9
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) INDEPENDENT AUDITORS, REPORTTO THE MEMBERS OF APPRIS CHARITY LIMITED Opinion We have audited the financial statements of Appris Charity Limited (the 'parent charitable company'l and its subsidiaries Ithe 'group'l for the year ended 31 July 2025 which comprise the Consolidated statement of financial activities, the Con501idated balance sheet, the Charitable company balance sheet, the Con501idated statement of cash flow5 and the related note5, including a 5urnmary of significant accounting policies. The financial reporting framework that ha5 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, Iunited Kingdom Generally Accepted Accounting Practieel. In our opinion the financial statements.. Eive a true and fair view of the state of the Group's and of the parent charitable company's affairs as at 31 July 2025 and of the Group's incoming resources and applicatitsn of resources, including its 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 of the Companies Act 2006 and the Charitie5 Art 2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors. responsibilities for the audit of the financial staternents 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. Conclusion5 relating to going concern In auditing the financial statements, we have concluded that the Trustee5' 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, rnay 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 thi5 report. Page 10
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) INDEPENDENT AUDITORS, REPORTTO THE MEMBERS OF APPRIS CHARITY LIMITED ICONTINUEDI 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 statement5 doe5 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 5Uth material incon5iSteneies or apparent material mi55tatement5, we are required to determine whether thi5 give5 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 nothinE to report in thi5 regard. Opinion on other matters prescribed by the Companies Art 21106 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Annual report for the financial year for which the financial statements are prepared is con515tent with the financial statements. the Annual report ha5 been prepared in accordance with applicable legal requirement5. Matters on whlch we are requlred to report by exceptlon 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 rnaterial mi55tatements in the Annual report. We have nothing to report in respect of the following rnatter5 in relation to which Companie5 Act 2006 requires US to report to you if, in our opinion.. the parent charitable cofflpany has not kept adequate and Sufficient accounting record5, or returns adequate for our audit have not been received from branche5 not visited by us,. or the parent charitable company financial statements are Not in agreement with the accounting records and returns,. or certain disclosures of Trustees, remuneration specified by law are not made,. or we have not received all the information and explanations we require for our audit,. or the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the Annual report and from the requirement to prepare a Strategic Report. Page 11
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) INDEPENDENT AUDITORS, REPORTTO THE MEMBERS OF APPRIS CHARITY LIMITED ICONTINUEDI Re5ponsibilitie5 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 lawl are responsible for the preparation of the financial statements and for being 5at15fied that they give a true and fair view, and for such intern31 control as the Tru5tee5 deterrnine 15 necessary to enable the preparation of financial staternents 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'5 ability to continue 35 a going Concern, disc105ing, a5 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. Audltors, responslbllltles for the audlt of the flnanclal statements Our objectives are to obtain reasonable a55urante about whether the financial statements a5 a whole are free from material misstatement, whether due to fraud or error, and to 155ue 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 IUKI 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 user5 taken on the basi5 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 protedure5 are tapable of detecting irregularities, including fraud 15 detailed below.. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations. was as follows.. the enga8ement re5pon5ible individual ensured that the en8a8ement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations,. we identified the laws and regulations applicable to the group through discussions with management. and from our commercial knowledge and experience of the sector- we focused on specific laws and regulation5 which we considered rnay have a direct material effect on the financial statements or the operations of the group, including Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environments and health and safety legislation.. we assessed the extent of compliance with the law5 and regulations identified above through making enquiries of managernent and inspecting legal correspondence,. and identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the 5U5ceptibility of the group'5 financial statements to rnaterial mi55tatemeNt, including obtaining an understanding of how fraud might occur, by- making enquiries of management as to where they tonsidered there wa% susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. Page 12
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) INDEPENDENT AUDITORS, REPORTTO THE MEMBERS OF APPRIS CHARITY LIMITED ICONTINUEDI To address the risk of fraud through management bia5 and override of controls, we.. performed analytical procedures to identify any unusual or unexpected relationships.. tested journal entrie5 to identify unusual tran5actions,' asse55ed whether judgement5 and assumptions made in determining accounting estimates were indicative of potential bias,. and investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and Non-compliance with law5 and re8ulation5, we designed procedures which included, but were not limited to- agreeing financial statement disclosure5 to underlying supporting docurnentatitsn,. and enquiring of management a5 to actual and potential litigation and claims. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from firiancial transactions, the les5 likely it is that we would become aware of non-compliance. Auditing standard5 a150 limit the audit procedure5 required to identify non-compliance with laws and regulation5 to enquiry of the dirertor5 and other management and the inspection of regulatory and legal correspondence, if anv. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. 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.or .uk auditorsres onsibilities. This description forms part of our Auditors. report. 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) ReEulations 2008. Our audit work has been undertaken so that we might state to the charitable company's members those matter5 we are required to state to them in an Auditor5, 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." LOOG8ECPQB... Neil Baldwin (Senior statutory auditor) for and on behalf of Sumer Auditco Limited New Chartford House Centurion Wav Cleckheaton Bradford West Yorkshire BD19 3QB Date: 0210412026 GMT Page 13
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 JUL Y2025 Unrestricted funds 2025 Restricted funds 2025 Total funds 2025 Total funds 2024 Note Income from: Charitable activities 450,279 57,451 450,279 57,451 502,612 63,645 2,775,874 Investments DfE funding and grant5 3,199,S50 3,199,S50 Total income 3,707,280 3,707,280 3,342,131 Expenditure on: Charitable activities 3,616,693 14,123 3,630,816 3,121.687 Net movèmènt in funds 90,587 114,1231 76,464 220,444 Reconciliation of funds.. Total funds brought forward Net movement in fund5 3.049,824 90,587 181,607 114,1231 3.231,431 76,464 3,010,987 220,444 Total funds carried forward 3,140,411 167,484 3,307,895 3,231,431 The Consolidated Statement of Financial Activities includes all gains and losses recognised in the year. The notes on paÉes 20 to 42 form part of these financial statements. Page 14
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) REGISTERED NUMBER.. 01716035 CONSOLIDATED BALANCE SHEET ASAf31JULY2025 2025 2024 Note Fixed assets Intangible assets Tangible as5et5 Investment property io 1331,5631 2,376,547 331,563 1331.5631 2,363,346 331,563 li 12 2.376,547 2,363,346 Current assets Debtors 14 465.257 360,724 Cash at bank and in hand 1,331,563 1,218,810 1,796.820 1.579.534 Current liabilities Creditors.. amount5 falling due within one year 15 1462,9471 1362,6301 Net current assets 1.333,873 1,216.904 Total assets less current Ilabllltles 3.710,420 3,580.250 Creditors.. amount5 falling due after more than one year 16 1402,5251 1348.8191 Total net assets 3.307,895 3,231,431 Charity funds Restricted funds 18 167,484 181.607 Unrestricted funds 18 3,140,411 3,049,824 Total funds 3,307,895 3,231,431 Page 15
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) REGISTERED NUMBER.. 01716035 CONSOLIDATED BALANCE SHEET ICONTINUEDI ASAf31JULY2025 The Tru5tee5 acknowledge their responsibilitle5 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 5tatem8nts were approved and authorised for issue by the Tiustees and signed on their behalf bv.. Slgner ID". 45PHTAMIBO... Paul Dale Trustee Date-. 0210412026 GMT The notes on pages 20 to 42 form part of these financial statements. Page 16
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) REGISTERED NUMBER.. 01716035 CHARITABLE COMPANY BALANCE SHEET ASAf31JULY2025 2025 2024 Note Fixed assets Intangible assets Tangible as5et5 Investments io 1331,5631 2,233,186 loo 1331.5631 2,218,001 loo li 13 Investment property 12 331,563 331,S63 2.233,286 2,218.101 Current a55ets Debtor5 14 310,620 862.907 147,597 841,289 Cash at bank and in hand 1,173.527 988,886 Current liabilities Creditors.. amounts falling due within one year 15 1105.9721 145,2341 Net current asset5 1.067,555 943,652 Total asset5 less current liabilities 3,300,841 3,161,7S3 Creditors.. amounts falling due after more than one year 16 1402,5251 1348,8191 Total net assets 2,898,316 2,812.934 Charlty funds Restricted funds 18 199,853 2.698,463 199,853 2,613.081 Unrestricted funds 18 Total funds 2.898,316 2,812,934 Page 17
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) REGISTERED NUMBER.. 01716035 CHARITABLE COMPANY BALANCE SHEET ICONTINUEDI ASAf31JULY2025 The charitable company's net rnovement in fund5 for the year wa5 £85,38212024- £188,678). The Trustee5 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: 0210412026 GMT The notes on pages 20 to 42 form part of these financial statements. Page 18
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) CONSOLIDATED STATEMENTOF CASH FLOWS FOR THE YEAR ENDED 31 JUL Y2025 2025 2024 Cash flows from operatlng actlvltles Net cash used in operating activities 291.878 340,877 Cash flows from investing activities Purchase of tangible fixed assets Proceeds on disposal of tangible fixed assets Interest received 1124,6711 2.909 1288,1301 9,755 16,371 22,565 Net cash used In Investlng artlvltles 1105.3911 1255,8101 Cash flows from financlng actlvltles Repayments of borrowing Repayrnent5 of hire purchase dep051t and principal Proceeds of new bank loans 133.0451 140,6891 1254,4501 70,0 Net cash used in financing activities 173.7341 1184,4501 Change in cash and cash equivalents in the year 112.753 199,3831 Cash and cash equivalent5 at the beginning of the year 1,218,810 1,318,193 Cash and cash equlvalents at the end of the year 1,331.563 1,218.810 The notes on pages 20 to 42 form part of these financial statements Page 19
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JUL Y2025 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 l. In the event of the company being wound up, the liability in respect of the guarantee is limited to £10 per member of the tompany. The registered office is B.T.A.L. House, Laisterdyke, Bradford, West Yorkshire, BD4 8AT. Accountlng pollcles 2.1 Bas15 of prep¢7rotion olfinonci¢71stotements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Statement of Recommended Prattice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Appris Charity Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recogni5ed at historical cost or transaction value unle55 Otherwise stated in the relevant accounting policv. The Consolidated statement of financial activities ISOFAI and Consolidated balance sheet consolidate the financial statements of the charitable Company and its subsidiary undertakin8. The results of the subsidiary are consolidated on a line by line basi5. 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 contern 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 £3.140,411 as at 31 July 2025 allowing for long term planning to further 5UPPOrt the achievement of the group'5 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 relètion to the going concern assessment. Page 20
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JUL Y2025 Accountin8 policies Icontinuedl 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 tan be measured reliably. Grants are included in the Consolidated statement of financial activitie5 on a receivable basi5. 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 a5 deferred income. Where entitlement occur5 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 Con501idated Statement of financial activities as the related expenditure is incurred. Income tax recoverable in relation to investmenl income is recognised at the time the investment income is receivable. other income is recoenised 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 15 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 activitie5 on a basi5 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 artivities which further the Group's objectives, as well as any associated support costs. All expenditure 15 inclusive of irretoverable VAT. 2.5 Interest receivoble 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. Page21
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JUL Y2025 Accountin8 policies Icontinuedl 2.6 Taxatlon The charitable company is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meet5 the definition of a charitable company for UK corporation tax purposes. Accordingly, the charitable cornpany 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 ectsnomic life. It 15 reviewed for impairment at the end of the first full financial year following the acqui51tion and in other period5 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 Service5 Limited, a company registered in England and Wales, on l August 2011, and 15 now fully amortised. Negative goodwill is capitalised and classified as a negative asset on the balance sheet. Negative goodwill relating to net current a55et5 was immediately amort15ed and negative goodwill relating to inve5trnent property is being carried fOnard. 2.8 Tanglblelixed ossets anddepreclatlon Tangible fixed assets costing £100 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the a55et can be measured reliably. Tangible fixed a55ets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accurnulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of e05t. Depreciation 15 charged so as to allocate the cost of tan8ible fixed assets le55 their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following bases.. Freehold propertv Plant and machinery Fixtures and fittings Computer equipment 2% straight line 10-20YD Straight line 10-33% straight line 10-33% straight line Page 22
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JUL Y2025 Accountin8 policies Icontinuedl 2.9 Investments Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and 5ub5equently measured at fair value at the Balance Sheet date, unle55 the value cannot be rneasured reliably in which case it is measured at cost less impairment. Investment gain5 and losses, whether realised or unrealised, are combined and presented as 'Gains/lLossesl on investments, in the Consolidated statement of financial activities. Investments in sub5idiarie% are valued at tost less provision for impairment. 2.10 Debtor5 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 Cush ut bank und in hund Cash at bank and in hand includes cash and short-term highly liquid investments Wlth a short rnaturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.12 Llabllltles undprovlslons Liabilities are recognised when there 15 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 arnount It ha5 Teceived a5 advanced payments for the goods or seivices it must provide. Provisions are measured at the best estirnate 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 recogni5ed in the Consolidated statement of financial activities as a finance cost. 2.13 Fingnciol 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 loan% which are 5ub5equently measured at amortised cost using the effective interest method. Page 23
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JUL Y2025 Accountin8 policies Icontinuedl 2.14 Flnonce leuses ond hlre purchose Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the Shorter of the lease term and their useful lives. A55ets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the Group. Obligations under such agreements are included in creditors. net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Consolidated statement of financial activitie5 50 a5 to produce a constant periodic rate of charge on the net obligation outstanding in each period. 2.15 Operotlng leases Rentals paid under operating leases are charged to the Consolidated statement of financial activities on a 5traight-line basis over the lease term. 2.16 Pensions The Group operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Grc>up to the fund in respect of the year. 2.17 Fund occounting General fund5 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 purp05e5. The cost5 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 note5 to the financial statements. Investment income. gains and losses are allocated to the appropriate fund. Page 24
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JUL Y2025 Income from charltable artlvltles Unrestricted funds 2025 Total funds 2025 Total funds 2024 Annual fees 208.999 208.999 223.146 Course fees & services 241,280 241.280 279,466 450,279 450.279 502,612 Total 2024 502,612 502,612 Other Income- Grants Unrestrictèd funds 2025 Restritted funds 202S Total funds 2025 Total funds 2024 DfE funding and grants Other ErantS 3,199,550 3.199.SSO 2,695,872 80,002 3,199,550 3,199,550 2,775,874 Total 2024 2,765,874 10,000 2,775,874 Page 25
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JUL Y2025 Investment Income Unrestricted funds 2025 Total funds 2025 Total funds 2024 Rent receivable 41.080 41.080 41.080 Bank interest receivable 16,371 16.371 22,565 57,451 57.451 63,645 Total 2024 63,645 63,645 Page 26
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JUL Y2025 Analysls of expendlture on charftable actlvltSes Unrestrirted funds 2025 Restricted funds 2025 Total funds 2025 Total funds 2024 summary byAund type Course fees and services 61,858 81,567 146,769 5,550 46,380 61.8S8 81,567 146.769 5,550 46.380 79,308 74,460 169,402 900 Revenue expenditure Subcontract Equipment repairs Staff recruitment 13,700 Staff training Wages, Nl & pension Staff welfare 26,710 2,442,405 25,500 8,440 54,340 37,191 108,667 21,351 26,710 2,442.405 25,500 19,411 2,075,564 21,678 10,065 49,030 29,350 92,809 17,829 Rates Cleaning Power, light & heat Property repair5 & maintenance Premises insurance 37.191 108,667 21.3SI Equipment leasing Computer costs Motor leasing & expenses Subscriptions & donations Legal expenses Governance costs 84,172 115,550 84,172 115.5SO 62,137 91,729 31,026 2,388 12,833 8,500 9,972 31,105 31,026 2.388 12,833 8.500 9,972 31.105 19,858 2,448 9,996 8,CQO 6,947 33,886 Accountaney/subsidiary audit fees Bank charges & interest Printing & stationery Advertising Teletommunications 11,049 7,385 16,829 36,697 88 11,049 7.385 16,829 36.697 12,111 5,480 14,198 22,074 19,7S41 189,071 Sundry expenses IProfitl/loss on disposal of fixed assets Depreciation & amortisation 182,371 14,123 196.494 Tot¢712025 3,616,693 14,123 3,630.816 3,121,687 Total 2024 3,107,564 14.123 3,121,687 Page 27
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JUL Y2025 Audltors, remuneratlon The auditors, remuneration amounts to an auditor fee of £15,75012024 - £14,850), and fees for other services of £65012024- £61. Staff costs Group 2025 Group 2024 Wages and salaries Social Security Costs Contribution to defined contribution pension schemes 2,014.480 215.463 212.462 1,706.561 170,721 198.282 2,442.405 2,075,564 All staff are employed by Appri5 Management Limited. Appris Charity Limited does not have any ernployee5. Contributions totalling £34,03412024'. £26,321) 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 w8re £579,92812024.. £487,598). The average number of persons employed by the charitable company during the year was as follows.. Group Group 2024 No. 2025 No. Employee5 41 36 The number of employees whose employee benefits lexcluding employer pension costs) exceeded £60,000 was.. Group 2025 No. Group 2024 No. In the band £70,001- £80,000 In the band £80,001- £90,000 In the band £90,001- £100,000 Page 28
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JUL Y2025 Trustees, remuneratlon and expenses During the year, no Trustees received any remuneration or other benefit512024- ENILI. During the year ended 31 july 2025, no Trustee expenses have been incurred12024- £1531. io. Intanglble assets Group Negative goodwlll Goodwlll Total Cost At l August 2024 22,683 11,134,987) 11,112,304) At 31 July 2025 22.683 11,134,987) 11.112,3041 Amortisotion At l August 2024 22.683 1803,4241 1780,7411 At 31 July 2025 22.683 1803,4241 1780,7411 Net book volue At 31 July 2025 1331,5631 1331,5631 At 31 July 2024 1331,5631 1331,5631 Page 29
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JUL Y2025 io. Intan8ible asset5 Icontinuedl Company Negative goodwill At I August 2024 11.134,9871 At 31 July 2025 11,134,987) At l August 2024 1803,4241 At 31 July 2025 1803,4241 Net book volue At 31 July 2025 1331,5631 At 31 July 2024 1331,5631 Goodwill wa5 acquired by way of a transfer of all of the assets and liabilitie5 from Leed5 Training Service5 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 Appri5 Charity Limited. Page 30
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JUL Y2025 ii. Tangible fixed asset5 Group Freehold property Plant and machlnery Fixtures arbd flttlngs Computer equlpmet)t Total Cost or valuutlon At l August 2024 Additions 2,357,261 45,958 244,623 113,348 12,9971 799,514 41.287 3,401,398 212,692 12,9971 12.099 Di5P05a15 At 31 July 2025 2.403,219 354,974 840.801 12,099 3.611,093 Depreciution At l August 2024 Charge for the year 596,787 84,766 356.499 1,038,052 46,387 31.053 115.022 4,032 196,494 At 31 july 2025 643,174 115,819 471,521 4,032 1,234,546 Net book vulue At 31 July 2025 1.760,045 239,155 369.280 8,067 2.376,547 At 31 July 2024 1,760,474 159,857 443,015 2,363,346 Freehold land at a cost of £356,37012024- £356,370) has not been depreciated. Page31
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JUL Y2025 ii. Tangible fixed assets Icontinuedl Company Freehold propertv Plant and machinery Flxtures and Total C05t or valuotion At l August 2024 Addition5 2.357.261 45,958 244.623 113,347 12.9971 604,547 11,266 3.206,431 170,571 12,9971 Disposals At 31 July 2025 2.403.219 354.973 615,813 3.374,005 Deprecitstion At l August 2024 Charge for the year 596.787 46,387 84.766 31.053 306,877 74,949 988,430 152,389 At 31 July 2025 643,174 115.819 381,826 1.140,819 Net book volue At 31 July 2025 1,760,045 239,154 233,987 2,233,186 At 31 July 2024 1,760,474 159,857 297,670 2,218,001 Freehold land at a c05t of £356,37012024- £356,370) has not been depreciated. Page 32
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JUL Y2025 12. Investment property Group und charftable company Freehold Investment property Valuutlon At I Au8USt 2024 331,563 At 31 July 2025 331,563 13. Flxed asset Investments Investments In subsldlary companies Charitable company Cost or valuation At l August 2024 loo At 31 July 2025 loo Net book vulue At 31 July 2025 loo At 31 july 2024 loo The charity holds 100 shares of £1 each in its wholly owned trading subsidiary company Appris Management Lirnited. These are the only share5 allotted, called up and fully paid. The activities and result5 of this company are summarised below. Page 33
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JUL Y2025 13. Flxed asset Investments Icontlnuedl Prlnclpal subsldlarles The following wa5 a 5ub5idiary undertaking of the tharitable company.. Name Company number Re8lStered office or principal place Principal activity of buslness Appris Management Limited 03335776 BTAL House, Laisterdyke, Bradford. Promotion and delivery West Yorkshire, B04 8AT of training in industry Class of shares Holding Included in consolldatlon Ordinary Share5 100% Yes The financial result5 of the subsidiary for the year were.. Name Income Expendlture ProfltllLossl lor the year Net assets Appri5 Managernent Limited 3,749,829 13N51,5031 298,326 409,677 14. Debtors Group 2025 Group 2024 Company 2025 Company 2024 Due wlthln one yeur Trade debtor5 226,903 233,100 7,OCNJ 156.470 145,982 1.168 12,500 99,380 34,764 953 Amounts owed by group undertakings Other debtors 145,982 92.372 37,341 90,283 Prepayments and accrued income 465.257 360,724 310.620 147,597 Amounts owed by group companies are repayable on demand and attract an interest rate of base rate plus 2.0%. Page 34
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JUL Y2025 Is. Creditors.. Amounts falllng due wlthln one year Group 2025 Group 2024 Company 2025 Company 2024 Bank loans 8.610 145.922 16,924 56.223 8.610 66.870 16,924 8.050 Trade creditors Other taxation and social security Obligations under finance lease and hire purchase contract5 54.308 52,985 15,844 223.615 14,648 15,844 Other creditors 216,240 20,2S8 Accruals and deferred income 14,648 20,260 462.947 362.630 105.972 45.234 16. Credltors.. Amounts falllng due after more than one year Group 2025 Group 2024 Company 2025 Company 2024 Bank loans 349.712 348,819 349.712 348,819 Net obligations under finance lease and hire purchase contracts 52,813 52,813 402.525 348.819 402.525 348.819 Bank loans and overdrafts are secured by a fixed and floating charge over all the property or undertakings of the charitable company. Net obligations under finance lease and hire purchase contracts are secured against the assets to which they relate. The aggregate amount of liabilities payable or repayable wholly or in part more than five years after the reporting date is= Group 2025 Group 2024 Company 2025 Company 2024 Payable or repayable by instalments 315.272 322.693 315.272 322.693 315.272 322,693 315.272 322,693 Page 35
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JUL Y2025 17. Deferred Income Included In credltors Group 2025 Group 2024 Deferred income at l August 2024 Resources deferred during the year Amounts released from previous periods 66.952 74.178 166.9521 54.224 66,952 154.2241 Deferred income (rt 31 July2025 74.178 66,952 Page 36
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JUL Y2025 18. Statement of funds Statement of funds- current year Balance at I August 2024 Balante at 31 July 2025 Incorne EXPendire Unrestrictedfvnds General funds 3,049.824 3.707,280 13,616.6931 3.140,411 Restrictedfvnd5 Restricted funds 181.607 114.1231 167,484 Totol ofAunds 3,231.431 3.707,280 13,630.8161 3.307,895 Statement of funds- prior year Balance at l August 2023 Balance at 31 July 2024 Income Expenditure Unrestrlctedfunds General funds 2,825,257 3,332,131 13,107,564) 3,049,824 Restrittedlunds Restricted funds 185,730 10.000 114,1231 181.607 Tottsl ofAunds 3,010,987 3,342,131 13,121,687) 3,231,431 Page 37
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JUL Y2025 19. Summary offunds Summary of funds- current year Balance at I August 2024 Balante at 31 July 2025 Incorne EXPendire General funds 3,049.824 181.607 3.707,280 13,616.6931 114.1231 3.140,411 167,484 Restricted funds 3,231.431 3.707,280 13,630.8161 3.307,895 Summary of funds- prior year Balance at l August 2023 Balance at 31 July 2024 Income Expenditure General funds 2,825,257 3,332,131 13,107,564) 114,1231 3,049,824 Restricted funds 185,730 10.000 181.607 3.010,987 3,342,131 13.121,6871 3,231,431 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. Analysls of net assets between funds Analysls of net assets between funds- current year Unrestricted funds 202S Restricted funds 2025 Total funds 202S Tangible fixed assets Intangible fixed assets Investment property Current assets 2,209,063 1331,5631 331,563 1,796,820 1462,9471 1402,5251 167,484 2,376,547 1331,5631 331,563 1.796,820 1462,9471 1402,5251 Creditors due within one year Creditors due in more than one year Tot¢71 3,140,411 167,484 3.307,895 Page 38
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JUL Y2025 20. Analysis of net assets between funds Icontinuedl Analysls of net assets between funds- prior year Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Tangible fixed assets Intangible fixed assets Investment property Current assets 2,181.739 181,607 2,363.346 1331,5631 331.563 1331,5631 331.563 1,579,534 1362.6301 1348,8191 1,579,534 1362.6301 1348,8191 Creditors due within one year Creditors due in more than one year Tot¢71 3,049,824 181,607 3,231,431 21. Share Capital The company ha5 no share capital but 15 lirnited by guarantee. Every member of the comp3ny undertake5 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 re5triction5 on distribution of a55et5 to members. Page 39
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JUL Y2025 22. Reconclllatlon of net movement In funds to net cash flow from operatlng actlvltles Group 2025 Group 2024 Net income for the year las per Statement of Financial Activitiesl 76.464 220,444 AdjustmentsAor.' Depreciation charges Finance costs 196.494 189.071 31.105 116,3711 33,886 122.5651 19,7541 74,032 1110,3511 Dividends, interests and rents from investments Lossllprofitl on the sale of fixed assets Decrease/lincreasel in debtors Increaselldecreasel in creditors 1104,5311 108.629 Net cosh providedbyopen7ting qctivities 291.878 374,763 23. Analysis of cash and cash equivalents Group 2025 Group 2024 Cash in hand 1,331.563 1,218.810 Total cash andcosh equlvalents 1,331.563 1,218,810 Page 40
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JUL Y2025 24. Analysls of changes In net debt At l August 2024 New finance leases At 31 july 2025 Cash flows Cash at bank and in hand 1,218.810 116,9241 1348.8191 112,753 8,314 18931 40,689 1.331,563 18,6101 1349,7121 168,6571 Debt due within I year Debt due after l year Finance lease5 1109,3461 853.067 160,863 1109.3461 904,584 25. Capltal commltments Group 2025 Group 2024 Contractedfor but not provided in thesefinuncia15tatements Acquisition of tangible fixed assets 109.023 Page 41
APPRIS CHARITY LIMITED IA company Ilmlted by guarantee) NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JUL Y2025 26. Operating lease commitments At 31 July 2025 the Group and the charitable company had commitments to make future minimum lease payments under non-cancellable operating leases as follows.. Group 2025 Group 2024 Company 2025 Company 2024 Within l year Between 2 and 5 years 72.074 202.008 72,209 274.082 67.598 197.160 67,598 264.758 274.082 346,291 264.7S8 332,356 At the reporting end date the group had contracted with tenant5 for the following minirnurn lease rental receipts.. Group Group 2024 Company Company 2024 2025 2025 Within l yeaT Between 2 and 5 years 40,000 63.333 40,000 103.333 40,000 63.333 40,000 103.333 103.333 143,333 103.333 143,333 27. Related party transartion5 During the year the charitable company charged it's trading subsidiary, Appris Management Limited, rent of £100,00012024.. £60,000) and loan interest of £8,86612024'. £8,271). Appris Management Limited charged the charity for course fees of £IOO,00012024.. £62,852). The charity charged Appris Management Limited for apprentice funding received in the year of £3,199.55012024'. £2,695,872). The balance on loans due from Appris Management Limited at the year end was £156,47012024-. £99,380). Controlllng party Ultimate control of the charitable company lies with the board of trustees. Page 42