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|Contents|||Page|
|---|---|---|---|
|Members ofthe Board|and Professional|Advisors||
|Trustees'
Annual
Report||||
|Independent
Auditor's|Report||13|
|Statement
of Financial|Activities||18|
|Comparative
Statement|of Financial Activities||19|
|Balance Sheet|||20|
|Statement
ofCash Flows|||21|
|Notes to the Financial Statements|||22|
##
|Registered|Charity name|Women's Technology|Training|Training|Training|Limited|
|---|---|---|---|---|---|---|
|Company|number|01712569|||||
|Charity number||514972|||||
|The Board|ofTrustees|Lit Cross (Chair)|||||
|||Sally-Anne
Watkiss|||||
|||Annette
Hennessy|||||
|||Kate Fox (Resigned 29/09/2022)|||||
|||Claire Dixon|||||
|||Emma Carey (Resigned|01/01/2022)||||
|||Nina Roberts|||||
|||Jayne Worthington|||||
|||Humaira
Khan (Appointed||05/04/2022)|||
|Company|secretary|Helen Byrne (Resigned|31/05/2022)||||
|||Jennifer Lawson (Appointed|||01/06/2022)||
|Chief executive||Anne McColl (Resigned 31/12/2022)|||||
|||Andrea
Rushton
(Appointed|||01/01/2023)||
|Registered|office|Blackburne
House|||||
|||Blackburne
Place|||||
|||Off Hope Street|||||
|||Liverpool|||||
|||L87PE|||||
|Statutory|Auditor|Mitchell Charlesworth|(Audit)|||Limited|
|||Accountants|||||
|||Registered
Auditor|||||
|||5Temple Square|||||
|||Temple Street|||||
|||Liverpool|||||
|||L2 5RH|||||
|Bankers||National
Westminster|Bank||Pic||
|||5 Oxford Street|||||
|||Liverpool|||||
|||L7 7HL|||||
|Solicitors||MSBSolicitors
Ltd|||||
|||Silkhouse Court|||||
|||Tithebarn
Street|||||
|||Liverpool|||||
|||L2 2lZ|||||
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|Lit Cross (Chair)|Humaira
Khan (appointed|05/04/22)|
|---|---|---|
|Kate Fox (resigned 29/09/22)|Claire Dixon||
|Sally-Anne
Watkiss|Jayne Worthington||
|Emma Carey (resigned 01/01/22)|Nina Roberts||
|Annette
Hennessy|||
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|Day to day management|ofthe charity
is delegated to the|ofthe charity
is delegated to the|senior managers.|The current team is:|
|---|---|---|---|---|
|A McColl|Chief Executive||||
|A Rushton|Executive Director|of Operations|||
|L Mairah|Director of Digital|fk Entrepreneur
Centre|||
|A McKenna|Director of Education
(appointed||04/01/22)||
|H Byrne|Financial Controller|(resigned 31/05/22)|||
|J Lawson|Financial Controller|(appointed|01/06/22)||
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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
||||Notes|Funds
E|Fundsf|2022
f|2021
f|
|Income from:||||||||
|Donations|and legacies|||11,609||11,609|25,054|
|Charitable|activities|||835,712|412,941|1,248,653|1,683,054|
|Investments|||||||9|
|Totalincome||||847,321|412,941|1,260,262|1,708,117|
|Expenditure
on:||||||||
|Charitable|activities||5|773,642|469,943|1,243,585|2,284,648|
|Total expenditure||||773,642|469,943|1,243,585|2,284,648|
|Net income/(expenditure)||for the||||||
|year|||10|73,679|(57,002)|16,677|(576,531)|
|Totalfunds|broughtforward|||218,617|144,450|363,067|939,598|
|Total funds|carried forward|||292,296|87,448|379,744|363,067|
##
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|omparativ|e
information|for th|e year e|nded 31July 20|21|||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||Funds|Funds|2021|2020|
||||Notes|f|f|f|E|
|Income from:||||||||
|Donations|and legacies|||25,054||25,054|30,850|
|Charitable|activities|||1,022,089|660,965|1,683,054|1,797,029|
|Investments||||9||9||
|Total income||||1,047,152|660,965|1,708,117|1,827,879|
|Expenditure
on:||||||||
|Charitable|activities||5|967,740|1,316,908|2,284,648|1,547,120|
|Total expenditure||||967,740|1,316,908|2,284,648|1,547,120|
|Net income/(expenditure)||for the||||||
|year|||10|79,412|(655,943)|(576,531)|280,759|
|Total funds|broughtforward|||139,205|800,393|939,598|658,839|
|Total funds|carried forward|||218,617|144,450|363,067|939,598|
##
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|||||2022||2021|
|---|---|---|---|---|---|---|
|||Notes|||||
|Fixed assets|||||||
|Tangible assets||12||188,389||212,433|
|Current assets|||||||
|Debtors||13|404,214||506,885||
|Cash at bank|||25||25||
||||404,239||506,910||
|Creditors: Amounts|falling due||||||
|within one year||14|(212,884)||(356,276)||
|Net current assets||||191,355||150,634|
|Total assets less current liabilities||||379,744||363,067|
|The funds ofthe Charity|||||||
|Unrestricted||16||292,296||218,617|
|Restricted||17||87,448||144,450|
|Totalfunds||18||379,744||363,067|
##
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||||2022||2021|
|---|---|---|---|---|---|
|||Note||f|f|
|Cash flow from operating|activities|19|(39,599)||(14,084)|
|Cashflow from investing|activities|||||
|Payments to acquire tangible fixed assets||||(119,044)||
|Capital grants received||||107,164||
||||(39,599)||(11,880)|
|Net (decrease)/increase|in cash and cash|||||
|equivalents|||(39,599)||(25,964)|
|Cash and cash equivalents|at 1August 2021||(11,172)||14,792|
|Cash and cash equivalents|as at 31July 2022||(50,771)||(11,172)|
|Cash and cash equivalent|consists of:|||||
|Cash at bank|||25||25|
|Bank overdraft|||(50,796)||(11,197)|
||||(50,771)||(11,172)|
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|2.|Income from donations|and legacies|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||Funds|Funds|2022|2021|
||||E|f|f|f|
||Donations||5,000||5,000|2,241|
||Grants receivable||6,609||6,609|22,813|
||||11,609||11,609|25,054|
##
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|Income from charitable
activities|Income from charitable
activities||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||Funds|Funds|2022|2021|
||||||f|f|f|6|
|Liverpool
City Region Combined|Authority-||||||||
|AEB|||||505,079||505,079|504,086|
|Liverpool
City Region Combined|Authority—||||||||
|Pilot Project|||||161,235||161,235|88,949|
|Liverpool
City Region Combined|Authority-||||||||
|L3 Lifetime Skills||||||7,269|7,269||
|Liverpool
City Region Combined|Authority-||||||||
|EAS (LSF/ALS)||||||85,216|85,216|23,667|
|Liverpool
City Region Combined|Authority-||||||||
|CSFWellbeing||||||||3,000|
|LCRCA —AE8|||||2,689||2,689||
|ESFA - Advanced
Learner Loan|||||39,052||39,052|53,938|
|ESFA —Learning
Loan Bursary|||||6,300||6,300|150|
|ESFA - 16-19Programme
Funding|||||47,132||47,132|107,328|
|ESFA-AEB Further Education 19+funding|||||(4,076)||(4,076)|625|
|ESFA —16-19bursary||||||786|786|1,414|
|ESFA Learning support
funding|||||(460)||(460)||
|SSENorth West Sub Grant Year 3||clawback|||(19,734)||(19,734)||
|SSENorth West Sub Grant Year 8||||||||7,030|
|SEE North West Sub Grant Year 9||||||6,103|6,103|23,413|
|SEE North West Sub Grant Year 10||||||47,759|47,759|14,941|
|SSEvarious|||||2,000||2,000|2,000|
|SSECo-op Foundation|||||12,308||12,308|18,431|
|SSEWigan Place based programme||||||28,583|28,583||
|SSENorth West Sub Grant Power||to Change||||26,471|26,471|69,334|
|Peer to Peer funding||||||10,500|10,500||
|Power to Change Yr12022|||||6,663||6,663||
|Merseyside
Police 8 Crime Commissioner||||Ik|||||
|Community
Foundations||||||||17,620|
|The National
Lottery Community||Fund-|||||||
|Coronavirus
Community
Support||Fund||||48,706|48,706|65,963|
|Steve Morgan
Foundation||||||123,727|123,727|226,833|
|Steve Morgan
Foundation
—emergency|||covid|||||10,000|
|Smallwood
Trust|||||4,174||4,174|7,500|
|Barclays 100x100fund||||||||100,000|
|Kickstarter
—The Learning
Foundry||||||27,011|27,011||
|Our Bright Futures
—BeeYou Revenue|||||44,027||44,027|160,570|
|Our Bright Futures
—BeeYou Capital|||||8,926||8,926|10,119|
|FECourse fees|||||7,070||7,070|8,277|
|Hope University
PGOE in FE||||||810|810||
|Other income|||||13,327||13,327|50,702|
|Liverpool
City Region Combined|Authority-||||||||
|Single Investment
Fund (Capital|Investment)|||||||107,164|
||||||835,712|412,941|1,248,653|1,683,054|
##
|4.|Income from investments|Income from investments|Unrestricted|Unrestricted||Restricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||Funds|||Funds|2022|2021|
||||||6||f|f|f|
||Interest - deposits|||||||||
|5.|Analysis ofexpenditure||on charitable|Activities||||||
||activities||undertaken|||Support||Total|Total|
|||||directly|||costs|2022|2021|
||||||6||6|f|f|
||College|||837,885||405,700||1,243,585|2,284,648|
||f469,943 (2021 61,316,908) of the above costs were||||attributable||to restricted|funds
and|6773,642 (2021|
||6967,740) ofthe above costs were attributable|||to unrestricted||funds.||||
||Allocation ofsupport costs|||||||2022|2021|
|||||||||f|6|
||Management
salaries|||||||318,381|264,408|
||Premises costs|||||||765|10,227|
||Office costs|||||||10,169|27,760|
||Depreciation
and impairment|||||||24,045|709,892|
||Professional|||||||38,126|76,480|
||Other|||||||4,766|3,468|
||Governance
(see note 7)|||||||9,448|3,538|
|||||||||405,700|1,095,773|
|7.|Governance
costs||Unrestricted|||Restricted||2022|2021|
||||||f||6|f|f|
||Audit and accountancy fees|||9,448||||9,448|3,538|
|8.|Staff costs and|numbers||||||2022|2021|
|||||||||6|f|
||The aggregate|payroll costs were:||||||||
||Wages and salaries|||||||665,304|915,182|
||Social security|costs||||||65,766|74,559|
||Other pension|costs||||||20,196|22,175|
|||||||||751,266|1,011,916|
||Staff recharges|||||||67,606|29,174|
||Subcontracted|staff||||||55,296|164,243|
||Total|||||||874,168|1,205,333|
##
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Staff costs and numb|ers|(|continued)||||2022|2021|
||||||||No|No|
|The average number|ofstaff employed
by the||||Charity during the year|amounted|||
|to:|||||||||
|Number oftechnical|staff|||||||1|
|Number ofadministrative|||staff||||21|18|
|Number of part-time|tutors||||||12|13|
|Number oftutors|||||||8|9|
||||||||41|41|
|The number of employees,|||included|in the above, whose emoluments,||excluding|2022|2021|
|pension
contributions,|fell||within the|following|ranges, were:||No|No|
|E60,001 —E70,000|||||||||
|E70,001 —E80,000|||||||||
##
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|||||
|---|---|---|---|
|Net income f|or the year|2022|2021|
|||f|f|
|This is stated|after charging:|||
|Staff pension|contributions|20,196|22,175|
|Depreciation|and impairment|24,045|709,892|
|Auditors'
remuneration:||||
|—as auditors||9,448|3,538|
##
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|12.|Tangible fixed assets|Leasehold||Computer|Fixtures &||
|---|---|---|---|---|---|---|
|||Improvements
f|Equipment
f|Equipment
f|Fittings
f|Total
f|
||Cost||||||
||At 1August 2021|642,802|5,740|194,509|139,022|982,073|
||Disposals|(642,802)||(43,836)|(10,000)|(696,638)|
||At 31July 2022||5,740|150,673|129,022|285,435|
||Depreciation
and impairment||||||
||At 1August 2021|642,802|5,740|83,719|37,378|769,639|
||Charge for the year|||13,769|10,276|24,045|
||Elimination
on disposal|(642,802)||(43,836)|(10,000)|(696,638)|
||At 31July 2022||5,740|53,652|37,654|97,046|
||Net book value||||||
||At 31July 2022|||97,021|91,368|188,389|
||At 31July 2021|||110,790|101,644|212,434|
|13.|Debtors||||2022|2021|
||||||f|f|
||Grants receivable||||75,878|100,939|
||Trade debtors||||17,357|48,628|
||Other debtors||||294,788|312,215|
||Prepayments||||16,191|45,103|
||||||404,214|506,885|
|Creditors: Amounts|falling due within one year|2022
f|2021
E|
|---|---|---|---|
|Bank overdraft||50,796|11,197|
|Trade creditors||45,207|51,406|
|Other creditors||5,291|74,364|
|Social security and|other taxes|48,550|73,169|
|Deferred income||47,053|136,868|
|Accruals||15,987|9,272|
|||212,884|356,276|
##
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||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|15.|Commitments
under|operating|||leases|||||Assets other than land and buildings|||
||||||||||||2022|2021|
||At 31July 2022 the charity|||had future total||commitments||under non-|||E|f|
||cancellable
operating|leases as follows:|||||||||||
||Within one year||||||||||13,307|12,919|
||Between two and five|years|||||||||27,823|41,130|
||||||||||||41,130|54,049|
|16.|Unrestricted
funds||||||||As at|||As at|
|||||||||1August||||31July|
||||||||||2021|Income|Expenditure|2022|
||||||||||f||f|f|
||General
fund|||||||218,617||847,321|(773,642)|292,296|
||Comparative
information||in respect ofthe|||preceding|period||is as follows:||||
||||||||||As at|||As at|
|||||||||1August||||31July|
||||||||||2020|Income|Expenditure|2021|
||||||||||E|f|f|f|
||General fund|||||||139,205||1,047,152|(967,740)|218,617|
|17.|Restricted funds||||||||As At|||As at|
|||||||||1August||||31July|
||||||||||2021|Income|Expenditure|2022|
||||||||||6|E|E|E|
||SSENorth West Sub Grant|||- year 9||||||6,103|(6,103)||
||SSENorth West Sub Grant|||—year 10||||||47,759|(47,759)||
||SSEWigan Based Programme|||||||||28,583|(28,583)||
||SSENorth West Sub Grant|||Power to Change||||||26,471|(26,471)||
||Peer to Peer funding|||||||||10,500|(10,500)||
||Liverpool
City Region|Combined|||Authority|- EAS|||||||
||(LSF/ALS)|||||||||85,216|(85,216)||
||LCRCA Lifetime Skills|||||||||7,269|(7,269)||
||ESFA16-19Bursary|||||||||786|(786)||
||Steve Morgan
Foundation|||||||||123,727|(123,727)||
||National
Lottery Community
Fund|||||||||48,706|(48,706)||
||Liverpool
City Region|Combined|||Authority—||||||||
||Single Investment
Fund (Capital||||Investment)|||144,450|||(57,002)|87,448|
||Kickstarter- The Learning|||Foundry||||||27,011|(27,011)||
||Hope University
PGDE in||FE|||||||810|(810)||
|||||||||144,450||412,941|(469,943)|87,448|
##
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||||||||As At|||As at|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||1August|||31July|
||||||||2020|Income|Expenditure|2021|
||||||||f|f|6|f|
||SSE North||West Sub Grant|- year 8||||7,030|(7,030)||
||SSENorth||West Sub Grant|—year 9||||23,413|(23,413)||
||SSENorth||West Sub Grant|-year 10||||14,941|(14,941)||
||SSEvarious|||||||2,000|(2,000)||
||SSENorth||West Sub Grant|Power to|||||||
||Change|||||||69,334|(69,334)||
||Liverpool||City Region Combined||Authority|—EAS|||||
||(LSF/ALS)|||||||23,667|(23,667)||
||PCC Wellness funding|||||||17,620|(17,620)||
||Barclays|100x100fund||||||100,000|(100,000)||
||Liverpool||City Region Combined||Authority|-CSF|||||
||Wellbeing|||||||3,000|(3,000)||
||Steve Morgan
Foundation|||||||226,833|(226,833)||
||National|Lottery Community
Fund||||||65,963|(65,963)||
||Liverpool||City Region Combined||Authority|—Single|||||
||Investment||Fund (Capital|investment)|||157,591|107,164|(120,305)|144,450|
||Liverpool||City Council - Falkner||Street||642,802||(642,802)||
||||||||800,393|660,965|(1,316,908)|144,450|
|18.|Analysis|ofnet assets between|||funds|||Tangible|Net Current||
|||||||||Fixed Assets|Assets|Total|
|||||||||f|6|f|
||Unrestricted
funds|||||||188,389|103,907|292,296|
||Restricted||funds||||||87,448|87,448|
|||||||||188,389|191,355|379,744|
||||Tangible|Net Current||
|---|---|---|---|---|---|
||||Fixed Assets|Assets|Total|
||||f|f|6|
|Unrestricted||funds|67,983|150,634|218,617|
|Restricted|funds||144,450||144,450|
||||212,433|150,634|363,067|
##
##
|Reconciliation ofnet income/(expenditure)
from operating
activities|to net cash flow|2022
f|2021f|
|---|---|---|---|
|Net income for the year/(expenditure)||16,677|(576,530)|
|Capital grant|||(107,164)|
|Depreciation
and impairment
oftangible|fixed assets|24,045|709,892|
|(Increase)/ decrease
in debtors||102,671|(27,875)|
|Increase / (decrease)
in creditors||(182,992)|(12,407)|
|Net cash flow from operating
activities||(39,599)|(14,084)|
##
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|22.|Deferred|income|Under 1year|2022|2021|
|---|---|---|---|---|---|
||||f|f|E|
||At 1August 2021||136,868|136,868|127,208|
||Additions||71,557|71,557|121,093|
||Amounts|released to income|(161,372)|(161,372)|(111,433)|
||At 31July|2022|47,053|47,053|136,868|
##
|23.|Accrued funding|commitments|Under 1year|2022|2021|
|---|---|---|---|---|---|
||||E|E|E|
||At 1August 2021||100,939|100,939|133,894|
||Additions||42,610|42,610|81,204|
||Amounts
paid during the year||(67,671)|(67,671)|(114,159)|
||At 31July 2022||75,878|75,878|100,939|
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