REGISTERED COMPANY NUMBER: OJ909956 (Ci ngland and WAles) REGISTERED CHARITV NUMBER.. 518473 AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 FOR DONCASTER ROTHERHAM AND DISTRICT MOTOR TRADES GROUP TRAINING ASSOCIATION LIMITED {A COMPANY LIMITED BY CUARANTEE) Xeinadin Audit Limited Sidings House Sidings Court Lakeside Doncastei. South York51iii'e DN4 5NU ADHXVIXT 1411212024 COMPANIES HOUSE A17
DONCASTER ROTHERHAM AND DISTRICT MOTOR TDEs CROVP TRAJNING ASSOCIATION LIMITED CONTENTS OFTHE FIP4ANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Page Refereoce Admlnlstratlve Details Report of tlie Councll 2 to 12 Report of the Independent Auditors 13 to 16 Statement of FinanclAI A¢tlvltles Balance Slieet 18 Cash Floii, Statement 19 Not to tlie Cash Flow Statement 20 Notes to the Financlal Statements 21 10 29 Detailed Statement of fiinanclal Activities 30 to 31
DONCASTER ROTHERHAM AND DISTRICT MOTOR TRADES CROUP TRAINING ASSOCIATION LIMITED REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 JULY 2024 COUNCtL MEMBERS P M Coggon G C Hariner M Miller M F Stead (resigned l May 20241 G Thompsoii M D Wainwi'ight L R Wi-iglit A Scott COMPANY SECRETARY A S¢oll GROUP TRAINING MANAGER J Mace REGISTERED Otr FICE Rands Lane Ii)dustrial Eststc Arnitborpe Don£ast¢i' DN3 3DY REGISTERED COMPANY P4UMBER 01909956 {Engl4nd w)d Wales) RECISTERED CHARITY NUMBER 518473 AUDITORS Xeinadin Audit Limited Sidings House Sidings Court Lakeside Doncaster South Yorkshir¢ DN4 5NU BAP4KERS Bar¢lays Bank PLC High Stre¢t Doncasler DNI IEG Lloyds TSB High Street Doncaster DNI 18H Page I
DONCASTER ROTHERHAM AND DISTRICT MOTOR TRADES GROUP TRAINING ASSOCIATION LIMITED REPORT OF THE COUINCIL FOR THE YEAR ENDED 31 JULY 2024 The council Inembers (trusiees) who are also directo1% of the chai'ity foi. the puiposes of the Companies Aci 2006, plesent their report with the fjnoncial Sthiements of the chai'ity for the year ended 31 July 2024. The trusiees have E4dopted the piovisions of A¢¢ounling and Reporting by Charities.. StAtement of Re¢onimended Praclice applicable lo chai'ilies prep21.ing theii. accounts in accordan¢¢ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effeclive l January 2019). STRATECIC RIIPORT STRUCTURE, GOVERNANCE AND MANAGEMENT GOVERNING DOCUMEIYT The Gi'oup Training Association is a chai'itable Company Limiied by Guarantee incorporoled on the 30 April 1985 and registei'ed as 3 chovity on l O FebiNary 1987. The Conipany was established under 8 Memorai)dum of Associaiion that es(ablished the obje¢rs and powers of the charity and is govemed under its Articles of Association. In the event of (he Group Training Asso¢iation being wound up. members are r¢quired to conlribLlte an amount noi exceeding £ l O. RECRUITMENT AND APPOTNTMENT OF COUNCIL The Diieclors of the Group Training Association are also Charity Trustees for thc purpose of Chority Law and are also known as Members of the Council. Under the requirements of the Memoranduin & Articles of Association. the Members of the Covncil al'e elected to serve until resignaiion. All Council M¢mb¢rs have direct links with th¢ moloi. trade through th¢iL' own bu5Lness oi. by way of cuiyent or pa81 einploymenc within (he motor trade. Most Council Mernrs have seThed the Group Trainiiig Association for a loiig time, however, from lime to tiine new niembers are elected who are known to have the intei'esl of the Associatbon at heart. Given their in-depth knowledge of th¢ indusliy, a specific training pi'08ramme is not consideied ne¢essaiy, however, lh¢ Chairman, the Gi'oup Training Managei. and other CoLincil Meinbei's aSS15t any n¢iv ni¢iiib¢i3 in underslanding their obligations and r¢sponsibililies under the Companies and Chai'ities A¢ls. ORGANISATIONAL STRUCTURE Th¢ Organisatioiial Siructure of the Group Tr8inin8 Association is made up of a Bo3 of Council Membeis el¢¢i¢d fiom the membership of the Compai)y. The Council is responsible foi. the strategic diiection and policy of the GIDup Training Association. StiwctUTed monthly meetings are held 10 detei'niine policy and pmcedures. The Executive Council members meet every other month and there is a whole Council meeting in ihe intervening months. Meetings are minuted by the Comp&iiy Se¢ret4ry and minutes are circulated to all members. A s¢hem¢ of delegaiion is in place ond day 10 day responsibility foi. the provision of training servi¢es rests with th¢ Group Training Manager ivho atteJ)ds ¢ourLciI meetings but who does not have a vole. The GI'OUP Training Manager is responsible for ensuring ihal the Company delivcrs the tiaining services and ensurin8 that key performance indicators xj'e met. Thcy ar¢ also r¢sponsible for the day to day op¢raiional mknA8¢mertt of Lhe Company. Pag¢ 2
DONCASTER ROTHERHAM AND DJSTRICT MOTOR TiiADES GROUP TRAINING ASSOCIATJON LIMITED RbPORT OF THE COUP4CIL FOR THE YEAR ENDED31 JULY 2024 STRUCTURL GOVERNANCE AND MANAGEMENT PAY POLICY FOR KEY STAFF The Council consists of the board of trustees and the senioi. managemcnt team. Th¢ management team are ihe key personnel of the chai'ily in ch81.ge of directing and eonii'olling, I'unnTrii8 and operating Lhe ch¥i'ity on a day-io-day bas¢s. All trustees ghve tlieir time fi'e¢ly and no trustee receives I'emunei'ation in the yeai.. The pay of the senior staff ig reviewed annually alon8 Wltl) other staff employed by the charity, usually wilh a pei'centage in¢rease relaiing to inflation and conipetiiion in the employee niarkei for staff. Where pay for senioi. stAff falls gulside that perccniage inciease, that would be reviewed and approved by ihc Boai'd of Council M¢tnbei3. The educational and ii'airting activities of the Group Training Association ar¢ monaged by a total of twenty Six Staff (on av¢r88¢) employed il?roughoiii the Tiaining Associalion's tsvo ceneS and five departnients. STAFF DESIGNATION BY OCCUPATIONAL ROLE (AS OF DECEMBER 2024) Manageinent Tecbnical 'futors Logisties Tutors Administrative Staff Functional Skills Tutor Business Studies Tulors Marketing Cleaners 12 Bi-monil)ly full starf n)eetings take place iii the Doncasler and Sheffield Centi'es that are m&ndaiory for all staff io alt¢nd to ensure staff are fully inforined of Company d¢velopm¢nLS. On Ihe inlervening Tnonihs a Quality Team meeting takes plac¢ at Doncasi¢i' lo look a¢ ways of iiiiproving Ir8iiiin8 progi'arnm¢s. The Ineetings have a sel agenda and ¢nsui'e operational a¢tivities are assisted by an inforined team oFadJninislrotiv¢ and tutorial personn¢l. The entire workforce, including Mana8ers and Supeivisors have dii'ect expei'ience of delivering training programmes. They ale I'esponsible for d¢livei'in8 a highly successftil Governiiient funded apprentice training contract and continue (O provide liish quality courses evidenced by mii)imal problems and sustained improvements in PP4rticipation. A totsl of twenty six staff (on average) al'e employed by the Company. Seven of these staff members work on a part- tinie rol¢. Durin8 the year ih¢re have been soine Ntorial staff ¢hang¢s, with bjtorial staff wlio have left the Conipany being replaced by new st&ff with up-w-dale industrial knowledge and skills. Page 3
DONCASTER ROTHERHAM AND DISTRICT MOTOR TRADES GROUP TRAINING ASSOCIATION LIMITED REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 JULY 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT OUR Atms The main aims and principal activities of the Group Tr8ining Associaiion are staLed in the Memorandum and ArLi¢les of A550cialion being the Goveming Irhstrumenl which are ihe provESiOn of training and education foi. Italt[S employed or to prepare, assist or enable theni to be employed or engaged irt actLVlties connected to the Retail Motor Trade oi. Road Transport Industry. OUR OWECTIVES In setting oui. objective's and planning our activitie5, our Council ha5 given ¢a4'eful conside¢7tion to the Charity Commission's guidancc on public benefit and, in particu10r, to its supplemenlary public benefit guidance on advancing education and fee charging. We aim lo provide the benefit of first ¢lass education and training to a5SiSt any individiial employed or Considering ¢mploymeiil in Il)e Re(ail Motor Trade oi. Road Ti'ansport Industry witli a view to developing their skills. education and abilities. The Gi'oup Training Associaiion admits persons of all Social backgrounds. Thc Group Training Association has to me¢t the si&ndards of external quality audits in lem)s of Quality Martagement. a formal inspe¢iion by Ofsted, Education and Skills Funding AB¢n¢y (ESFA), Local Authorities, Matrix Standard. Contractors Health and Safety Asse&qinent Scheme, and Investor in Peoplc Award for whicb the Mission Siateiiient is a defined objeclive'.- To be U)¢ flrst ¢hoic¢ tr&inin8 or8anisation delivering oceupaLiono111'8iniog in Automobile, Transpoi'l Lo8jStiCS And Business Studies. Our coiporate goals are... To pi'ovid¢ Lh¢ qiialily and reliability of pioducis and s¢rvic¢q. To piovide the most cost effective course and value lo our customers. To be tl)e leader in ea¢li o¢¢upational area in wliicli we 117in. To strive io develop all employees, thi'ougl) the provision of training in ol'der (o help us achieve our business goals. To be fiiian¢ially sti'ong in ordei. thar the mos¢ up lo date facilities artd equipment can be provided to beiiefil course delegates and apprentices. To maintAii) Ihe a¢Liv¢ pursuit of advanced technology And detemine the markets where devoloping new skills 15 evidenced and to Pl'ovide accoi'dingly. To understand our customer needs and lo react with our provision accordingly. ACCESS TO TRAINiNC AND COMPAf4Y ETHOS Our training fa¢ilities are available to anyon¢ wnsidering a career or ¢urr¢ndy employed in the Retail Motor Trade or the Road Tran5POrt Industry. The Iraining ts eith£r supported by a school, employer or the ESFA so that no learner needs to make any financial coniribuLion ioivaTds the cog¢ 0( ts'8inin8. In addition, we ai'¢ 80 ¢qual opportuiiily organisation and are comLniiied (o a working environnieni that is frec froin any fomi of discriminaiion on the grounds of coloui, race, ethnicity. religion, gender, disability. sexual orientation or age. The Charily's aims are to provide education and training to L£sist learners ITh progie55ion towards. oi. gainin8 VOCOtion81 qualifications to prepare, assist or enable ihcm io be employed or engaged in appientictships connecd to the motor vehicle repair industry or I'oad transport industry. The Group Tiaining Associalion provides Inotor v¢liiel¢ education and training cours¢s for a lange of learnei's fi'oin the age of fouiTren onwails. The irainEng ¢ouJs¢s benefit leamers at school, learners excluded fi'om school, employ¢d and unemployed. Page 4
DONCASTER ROTHERHAM AND DISTRICT MOTOR TRADES GROUP TRAINING ASSOCIATION LIMITED REPORT OF THE COUNCIL FOR THE YEAR ENDED 3 1 JULY 2024 STRUCTURC, GOVERNANCE AND MANAGEMENT QUALITY OF PROVISTON AND AUDIT OF STANDARDS In July 2022 the Governmenl's educational national inspe¢lion regime Ofsled visited the Group Training Associ#¢ion to Cairy oul a foul. d)y full, shoit nolice inspection involvin8 8 teani of six iiispeclors. Tl)e previous inspection was in May 2016. Ofsled continue 10 reserve the option to visit the GTA al any lime. lrtspections al'e graded as follows'.- Gl'ade I Grade 2 Gl'ade 3 Gl'ade 4 Outslanding Good Improvemen¢ required Inadequafe The Group Training Association ivas awarded the following Grades in July 2022.. Th¢ quality of education Bel)avioLir and attitudes P¢rsonal development Leadership and managemen¢ Apprentic¢ships Overall eff¢¢liv¢n¢ss Good Good Good Good Good Good Tlie G¥oup Trnining Associaiion has now been awarded a Grade 2 - Good by Ofsted since 2004. Iniprovcmcnts lo the operalion of the Group Training Association are conducted by An in-house QLiality Teom. A range ofspecific audit i(ems has been produced to form a Quality Calendar thal specifies the date for assessment. Audit reviews cover twenty five Specific areas and include'.- Gioup Three Year D¢v¢lopnient PIAn Meetings Learner Health and Safety Measures Staff Reviews E4iihliry And Diversity The Prevent Duty Briiish Values Seif.As5e5smcnl Report & Quality Improvement Plan Quality Sy5teift Revi¢w Learner Progrcssion and Success Observation of Tutorial Delivery tDtern81 Vcrili¢ation of Skills Assessors STAFF DEVELOPMEI NT The Coinpany progresses Tutors on a fomial *aching qualification. All staff involved in teaching or training learners on Gov¢rnineni funded piogrammes are expected to pro8ress to an assessor and, or teaching qualiticalion. Staff have attended a broad l'ange of Iraining courses talling one hundred and ihirty seven days of attendance in relation to iinprovhng leamer training progranimes and leclinical updating. QUALITY STANDARDS The Conipany has held the Investois in People Award sin¢¢ 1994. We achieved I'e-ceitification foi. a rther. three yea1% in Janualy 2023 and will need to be re-accrediled in January 2026 which will be assessed against the new standard. Page 5
DONCASTER ROTHERHAM AND DISTRtCT MOTOR TRADES GROUP TRAINING ASSOCIATION LIMITED REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 JULY 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Oihei. quoliLy Standards held are Mati'ix (for Infoimltiort Advice and Guidance), CHAS {Con¢rac¢ors He2111) and SAfety Scheme for woi'k with Local Authoi'itie5). Tl)e Group Training Association has n)aintained good progTamiiie asscssnients via Sheffield Local Education Authoi'ily Contiacl monitoring. Tliis programine for the pi'ovision of 14-16 school vocational programmes in Shetfield ended in December 2023 due lo the ¢omplex aiid high needs of learners which iequires an element of teachinglstaff that we are not able ¢0 provid¢ will)in the boundaries of incoin¢ genei'ated by the pro81'•mme. W¢ ¢onlinue ¢0 work with two scliools in the Sherrield l'egion outside of the local authority contract. RANGE OF QUALIFICATIONS AND AWARDS The Group Training Association is regisiered with the major Qualification Award Bodies and meets the appraisal requiremenls of..- City & Guilds of London Institu tostitute of the Mowr tndustry Oxford, Cambridge & Royal Society of Arts (OCR) Road Transport Indusiry Training Board Departhient of Ti'8nsporl Automotive Technician Accreditation Scotlish Qualifications Autbority DVSA Skills and Education Group (SEG) Costs related to Apprenliee and School courses al'e high as they include;. R¢lat¢d SlAff ivage$ Safely Officer cosig Mini-coach transport costs Vehicle costs and diesel for assessment visits io learner placements CIAssroom and workshop costs, overalls, ¢rainin8 equipnienl elc Registration fees 8nd lesson Costs Rates, h¢At, light, power, insuran¢¢s Buhldin£ maintenance costs New ¢ours¢ developmcnt costs - equipment etc Apprentice End Point Assessnient and re-sit costs Perishable or once used ilems ACHIEVEI MENTS AND PERFORMANCE Trustees ond Council members meet each monih and hov¢ a fomial agenda for each meeting. A man2gein¢nt rtporl is presented to all Council Meii)beis and provides 8 s¢Atisti¢al analysis of learner a¢hievement and peTforii1an against objectives sel in Contracts held foi. each progi'amme or training activity. Page 6
DONCASTER ROTHERHAM AND DISTRtCT MOTOR TRADES CROUP TRAINING ASSOCIATION LIMITED REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 JULY 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT APPRENTICES Tlie Group Training Association lendcred for a GoverDiiient funded contraci with ihe Education and Skills Funding Agency. This Government legislated contract has an imporiant signifjeance to the Group Training Association as it accounts foi. over sixty percent of the course income funding. In June 2017 the Group Training Association was awarded Government funding 8ppI'enti¢e ti'aining contract for levy plying eniploy¢rs despilt fiei'ce coii)pelition from colleges aThd othcr training oi'ganisacions that opeiate on a national basis. Tli¢'R¢gisL¢r ofAppioved Training Pioviders, (ROA TP) was refreshed in Decembei. 2021. requiring all approved providers lo re-apply under new, sb'icter conditions. The GroLIP Training Association was sueeessful in its I'e-application. In 2023 the register was clianged again to Appi'entic¢ship Provider Assessment Register (APAR) combining Ilie ROA TP and EPAO iegisters. Thc re8lSler has not re-opened since for any new standard applications. Since 2017 there have been continued changes to every part of an apprenli¢eship from the funding through to assessment and qualifications. Lniplemented by the Education and Skills Funding Agencyi Apprenticesl)ip Frameworks werc no lon8CT b¢ funded from 31 July 2020 l¢aving only ApprcnLi¢eship SIAI)dards appi'ov¢d for Governmcnl fundin8. training levy was introduced for larger employei's with over 250 employees andlor a payroll of over 3 million. There were also changes to fuiiding for n)¢dium to small employers. Siandard5 are slnjctured with an einphasL5 on end testing for 8ss¢ssment of an appT¢nti¢es ¢ompe(¢nce. However the lack of available standards for som¢ motor v¢hhclc speciali51ns ie.. Puint, Panel, Heavy Vehicle Level 2 and Auto-Eltctri¢al mcans w¢ are unable currenily to recilt apprenlices foi. some of tbese disciplines. This is IJavin8 a n¢8otive impaci on Ili¢ r¢¢L'uilment o( apprentices, and subsequently income. of the Group Trainin8 A8SOClatLOn. Tlie training programme's suc¢¢ss is m¢8sur¢d by Lhe number of Learnei'5 on pro8rainine and th¢ aliainmenl of Si8ndafds achieved iii their respective careei. Specialism. The iar8ets ui'e challenging and, due lo the continuing difficult (rading that garnges ar¢ experiencing combined with the impact of ¢h¢ PAndemic and now the reduction in approved apprenticeship standaj'ds for the motor industry> Iheie is a reduced uptake in appj'enlice work placeinents that is affecliiig appT¢nli¢e nuimbers on our training pi'ogramme wl)i¢h can lake up to 3 years to show statistically. The QualifL¢ation Award Bodies inspection I'egime (IMI, OCR, SQA, EDI, RTITB, JAUPT, SEG and Ciry & Guilds) aiidil 011 Gi'oup Training Association qLialification systems and procedwes in order to grant their approval to provid¢ 8 fvll quAlifL¢aiion sttucwre for the stt]deiits. A Group Ti'aining Association Management Team will complete qiiality audits and assessments to identify and address any concerns. The Group Training Association opencd a Training Centr¢ in Sb¢ffield in September 2007 10 eftable it to tske up a contrart with Shc(ficld LEA to deliver motor vehicle vocation81 progi'ammes for schools in the Sheffleld region. GTA havc not re-con¢racted with Sheffield LEA for the full 202312024 acadernic year and the Alierna¢Jve Provision Progi'amme with thein endcd December 2023. Thc Group Training AssociaLhon also hAs thirty Appreniiees followin8 their training programm¢s at the Sheffield Centr¢. We have also coiitinued lo invest in equipment to operAte various Tmt qualificaiions and End Point Assessment activilies, including Seivice Technician, Vehicle Air Conditionin8. Vehicle Tnspection and Vehicle Refinishing from our Don¢oslei' Cenlre. The Group Training Association continues its relationship wkth motor vehicle manufacturers and is presently involved with Vertex Pi"ofessional Services rcpresenting Hor]da and on a iemporary basis BOSCH and Renauli. DependJThg upon cai. Sales and market shale the ni4nufft¢LuK¢ts irt¢rease or decrease the amount of woi'k calried out by ih¢ Group Tf4inin8 Associa(ion. Page 7
DONCASTER ROTHERHAM AND DISTRICT MOTOR TRADES CROUP TRAINING ASSOCIATION LIMITED REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 JULY 2024 STRUCTURE, GOVERI44ANCE AND MANACEMENT PERFORMANCE AGAtNST PROFILE Education Skills Funding Agency Apprentice Pro8ramm¢ 202312024 Provisional GTA SUCCESS RATE 76.920/0 DtE MIN THRESHOLD 60% 60/0 60'h AGE 16-18 19.23+ TOTAL APPRENTICES 26 22 48 ACHIEVERS 20 19 39 81.250/. GTA SUCCESS RATE D MIN THfiESI.IOLD 6/. 6/4 6/0 AGE 16-18 19-23+ TOTAL APPRENTICES 47 16 63 ACFIIEVERS 27 14 41 64.1 0/0 updated GTA SUCCESS DfE MfN THRESHOLD AGE APPRENTICES ACHIEVERS 27 19+ TOTAL S/ S/ 63 34 Th¢ Group Ti'aining Associations appi'enticeship pi'ogramme qilAlifi¢ation 5UC¢¢55 rate has consistently, for the past ten years, been above tile national average as shown in the tables abov¢. OTHER TRAIP41NG PROCRAMfvLES In August 2016 the GTOUP Training Asso¢ialion rook the deci$ion to apply foi. direct approval and to produce all of its own training material for Driver Certificatc of Compettn¢e (Driver CPC). This has been successfully carried out and the Group Training Association has direct approval to opernte the Driver CPC cow'se$ via DVSA. Ten days of courses were re-approved in August 2024. Page 8
DONCASTER ROTHERHAM AND DISTRICT MOTOR TRADES GROUP TRAINING ASSOCIATION LIMITED REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 JULY 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT SAFEGUARDING, PREVENT & BRITISH VALUES The GTA consideTS Uial ¢mployce and Icorner involvement is essential to its continuing success and Lises a variety of methods 10 inforin. ¢onsuli lli)d involve employees and leaniers. These include quesiionnaires. mee(ings, Every Cliild Maiters. Prevent DLLlies, Safe¥uarding, Bi'itish Values, Radiealisation AwAreness and E-safety. The Group Trainiiig Association l)as an appointed Safeguarding Lead and Deputy responsible for 211 Eqiiality, Diversity, Prevent and Safeguarding. All staff and apprentices under-tske Safeguarding and Prevent Iiairting, all siaff are subject to DBS checks. RISK MANACEMENT Tlie Coui)cil coiifirnis that systems have been tstabllshed idenlicy any m&jor risks to which the Company may be exposed and the perceived iisks are I'eviewed monthly to mitigate these ri$ks. A Treasurer's I'cport is presellted as a fixed and forn)al agenda item at the Council's bi-monthly meeciiigs. Funds held for investh)cnt arc confirmed at this m¢¢ting. An anntsal review of Int¢rnal FiDanci81 Controls using th¢ Charity Coinmission self-checklisl is carried OLIt and evaluated against guid¢lknes. The Council continues to review spending and investment policies The organisation still has a clear focus on exrending the geographical area thai the Company operutcs in to increase tlie amount ofbusin¢ss Into the COlnPArty. The Oplion LO purchase Unit 3 Rands LAnt in Stpteimbtr 2023 in Don¢¥siei' wus ¢xe¢uied and involved substantial capital expenditure Lo be sourc¢d from ihe Ol'ganisaiions own lunds. Staff numbei's are currently stable. however, this will continue to be reviewed in 202412025 in line with E.SFA income. Tlie council have also txploi'ed the utiliyaiion of th¢ GTA'S asstls ai)d in-particular buildings and pi'operty. Tlie Funds raised froni th¢ l¢EJsing propei1y is expected to be I'eiiiveslcd into Ili¢ appi'¢tLtiee programme, pi'oviding inucl) needed financial slabilily ai a tin)¢ whei'e the biggest change5 in apprentic¢ships have b¢¢n made sin¢¢ the inLrodu¢tion of th¢ Modern Appi'¢nlic¢ship which started iii the early 1990's. The investment policy foi. suiplus monies wa5 reviewed in 201 l and an a¢¢OLlOt wos opened with Lloyds Bank (hat has produced impi'oved inierest rates for deposits. These intere$1 rates from Lloyds have now ieduced and are closer to tlie raies offered by Barclays. Tlie Council maintains a substhntial reserve of monies to miniinise possible cash flow problems due to ihe economic climaie. The reserves alloiv for changes in Apprenticeship funding and the substantial increase in tbt dtlivery of seivices due to the rapid incr¢ase in inflation. MAIN RISKS The continued changes to the appienlicesbip struciure and ESFA funding system Ihrough 202212023 may have an impact on achJ"evemeiil r81¢s, ¥ppr¢nli¢e r¢cTUitm¢ni and fJnan¢ial iiicome. Employers now havc to adjust lo using the Applenliceship Servi¢e (AS) lo direct Governinent funding to the GTA for Iheii. apprenticeship training, The introduction of the apprenticeship Siandai'ds and Fi'ameworks no longer being funded has created exlrn burdens on employers which previously did not exist. Eniployers are now I'esponsible for funding setup and allocalions for appr¢nliceships. This is proving more problematic for smaller employers who do not necessarily have the time oi. resouic¢ to perforni these processes. This has consequently inci'¢a5¢d ilic load on the GTA who hav¢ provided iiiore staff lime allo¢8i¢d to guiding and suppoi'ting employers. With the in¢r¢ase in the school leaving age s¢hools al'e encouraging learners to slay in school rathei. tlian take up an apprenticeship. This has led lo schools starDng to set up their own motor vehicle ivorkshops to keep vocational training within th¢ school prernises. Page 9
DONCASTER ROTHERHAM AND DISTRICT MOTOR TRADES GROUP TRAINING ASSOCIATION LIMITED REPORTofTHE COUNCIL FOR THE YLAR ENDED31 JULY2024 STRUCTURE. GOVERNANCE AND MANAGKMENT Due 10 the Govemment's Spending Review limiling the budgets of schools and chang&q to the qualification points systems. in 2014 Éhere was appJoxTrmalely 3,000 approved courses by OfquBI, there are now berween 200-300. In order to I'edvce the risk to incoiiie and expendiiure the Group Ti'ainin8 Asso¢iatiou.'- Monilor$ the ESFA contract progression on a monthly basis in order to ensure that it is deliverin8 againsl Contract requirenients. Employs staff in 3 specifi¢ marketing role lo en848e aPPiEntice placenienl conipanies irt oixler 10 maintain and if possible increase apprenti¢e numbers, Has expanded the geogi'aphical area thai li operAtes in for apprenticeships. Has continued lo ¢ontain costs associated with the conipanies op¢i'atlOi) whilst iiicome hag ieduced. Has a renewed focu5 on the company's elecli'onic sys¢eins and social media for rnai'keiing pui'ptsses. Continue5 to monitor tlie moioi" and logistics se¢tor for changes manufactures trends, advancing technologies, ehangts in government legislaiion and publi¢ opjnion. Anotber risk io lh¢ GTA'S operations is tli¢ government's drive to promote electrie cars. This will have a major impact on the moioi trad¢ and in particular, the demand for apprenticeships and the nare of the training provided. The GTA is well placed io provide the relevant training but the iinp8et on the number of apprtntieeships is as yet wiclear. A$ a resuli. the GTA is lookin8 10 incr¢¥sc the I'ai)8e of cour9cs offei'cd for persoas 'einployed oi. inl¢ndiD8 to b¢ cmploy¢d irt such other aciivilies as may benefit from the training services provided by Lhe Association" (to quote from the GTA'S cbaritable objects). FUTURE CENTRE DEVELOPMENTS AND O&IECTIVES 202412025 Continue placeiiienl mai'keling in an efforl to expand appientice contract rtrumbers To expand the op¢ra(ion area for the appitnlicetship prograinme 10 include all of South Yorkshire and the Sheffield City R¢gion To mairtiain appienticeship success rales at, or above. KPI'S Invest in training fa¢ili£ies and equipment to be more in line with tlie latest te¢l)nolo8i¢al dcvelopmenls in the sector Monitor Goveii)ment dii'¢ctives on p¥op05ed changes 10 pro8r4mmes To uphold Ilie siaff developnient pi'ogran)me Provide faciliti¢s and suppori foi. all Manufactur¢rs' coui's¢s We are continuing to iiiodify our training course portfolio and build our existing dedicated edueational Tesoui'ces ¢0 meet new demand5. Cliai)gc is not only about iiivcstments in bricks and moitar. li musi be people l¢d and owned. Our Gi'oup Training Associaiion recognises the support that it must provide lo be 8¢ the heart of fure ambitions of our leamers. FINANCIAL REVIEI W During the year ulld¢r review incomin8 r¢sour¢¢s have exceeded expended resourc¢s, creating a surplus of £122.101, compared lo a deficit of £115,147 ill 2023. Total illcom¢ has risen in the year by £262,967 and, expenditure has increased by £25,719, 10 give the inciease in overall perfoi'mance of £237,248. Tlie Council is carefully Inoni¢oring projected income Ènd expenditui'e levels to ensure that ihe GTA continues to hove 8 financially viable op¢io1ion. li should be nored that there is a surplus befoi'e depreciation of £250.427 compared to a deficit of £14.003 in 2023. Page 10
DONCASTER ROTHII RHAM AND DISTRICT MOTOR TRADES GROUP TRAINING ASSOCIATJON LIMITED REPORT OF THE COUNCIL FOR THE YEAR EYDED 31 JULY2024 STRUCTURE. GOVERNANCE AND MANAGEMENT RESERVES POLICY The Group Training Association reserves at the year-end ai'e represented by the accumulated fijnd of £5,407.987 {2023 - £5,28S,886) shown on the balance sheet. Of this amount. £4.175,463 (2023 £3,671,558) is represented by the Compaiiy's fixed assets, investment and woi'king capital. The Group Training AssociaLion free reserves are represented by cash held al the bank amountin¥ to £1,307,034 {2023 £1,614,328). The free reserves are held al this level because Il)e Council are particularly Inindful of the operdiing costs of Motor Veliicl¢ Training Woi'kshops and in paiticulai. the promoLion of a safe environment foi. training in vehicle body repaii. and paint operations, not to niention unforeseen circumstances. The level of free reserves therefore held and available to be applied to the council's discretion in fiJnl)erance of the Charity's obj¢¢LS, is d¢ierniined by refer¢n¢¢ lo the sp¢¢ifi¢ requiremens foi. capitsl and I'efiJrbishm¢ni expendituie in the short and medium terni together with ¢onliiigency plaiis to meet any urgent Training Centie financial I'equii'ements and ¢oniingencies. In particular, the Council are consideiing.. (a) Upgradinglmodernisin8 the Training Centre. (b) Large capital 5p¢nd for equipinent needed to upgrade Unil 2 Rands Lan¢ in relation to the lease for Inspiro (BMW, VW JLR Group) commencin8 O¢iob¢r 2024. It is the pnjdent pui'chase and const1CtIOn of properly from past suTrluses which has crealed a souiid financial basis for the GTA, since otherwise there would be a large exposure to rental liabilities. li is also Considered thai the level of free reserves is neccssary lo cover any deficits that may g1.ise in the futurt froin a loss of revenue ori5ing fi'om compAnies or oth¢r institutions culting back their trainin8 pro8ramines, as noied in the 'Main Risk" scction of this iepoi'l. The downlum in income in ceriain past ye4rs demonstrates that this is not a theoretical risk. As we continue to be unaware of what is ' round the coi'ner" the level of reserv¢$ held by ihe GTA d¢Jes mean Ihat ihe GT A should be able 10 deal willi any unfoieseen liabilities that ml81)t arise in Ili¢ fviure. INVESTMENT POLICY Short-term funds al'e pi'incipally ii)vested on the money m.ketS, with other monies beingp held bank deposits. The potential risks li) the Stock Market were recognised by the Council in Octobei. 2007 wheii lh¢ Council decided to liquidate ils Lnvestment portfolio with Barclays Bank Plc. Since then, the company has only invested in bonk and money ma¥ket d¢posits. When interest ra$ were high, this produced a good return ftsT the GTA but Ilie continuing decfease in interest rates has meant that ihe eoinp8ny's income from interest has contirbiied to de¢r¢ase over the years, to what is now a very low figuiE in Irl&tion to the amounts held. cuent deposits are held iviih Bar¢lays Bank PIC and Lloyds Bank Plc. If thek d¢¢ide to stop paying inlei'est, ¢h¢ Council will bave to consider alternative institutions if it is to obtain investment income in th¢ future. The Group Training Association invites Barclays Bank PIC (with whorn il bas a forty year hisioiy of banknng) and Lloyds Bank PIC to ils Annual General Meetin8 to discuss longer ternj investmeni funds aloug witij the Auditors. Al the Annual General Meeting, Senior Bank personnel atiend al'e invited fi'om the Council togetheL' Wlth the Auditor. who hs asked to present the Annual accounts and make commeni. These valued observations and advice are impleinented by ihe Council at the meeting following the Annual General MeeLing and throughout the finaftci&l year. MEMBERS OF THE COUNCJL Menibeis of the Council who are Directors foi. the purposes of Coinpany Law and Trustees for the purposes of Charity Law, who served during (he y¢ar and up to tlie date of thks repoi'(, are set out on page l. Page 11
DONCASTER ROTHEIiHAM AND DISTRICT MOTOR TRADES GROUP TRAIMNG ilSSOCL4TION LIMITED REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 JULY 2024 STATEME OF COUNCIL MEMBERS, RESPONSIBILITIES The council rnemixrs (who sre also the directors of Doncaster Rotherharn and District Motor Trades Group Training A.vso¢iation Lirnit¢d foT the purposes of company law) are responsible Eor preparing the Report of the Council and the financial statement5 in ac¢ordan¢e with appli¢oble law and United Kingdorn Accounting St&ndaTds (Unil¢d Kingdom Generally Accepted Accounting Practice)- Company law requires ihe council memkrs to prepar¢ fanCial statemenls for each fthanciE41 year which give a Irue and fair view of the state of &ffairs of the ¢hwitsble company and of the incoming i'esources and application of resources, including the in¢om¢ and expenditure, of lh¢ ¢haritable company for thal period. In pr¢pwin8 thos¢ financi&l s¢al¢menlS, the council mernbei's ar¢ T¢quired to: select suitsble ac¢ounlin8 poliGi¢s and then apply them n5151ni]y. observe the methods and prin¢ipl¢s in the Charity SORP. n)ake judgements and estimates that are reasonabl¢ ond prudent. prepare the financial st&iements on th¢ 80in8 con¢¢rn basis unless it is in8ppropri8le lo presume thai th¢ charitable mpany will ntinue in busin¢ss. The ul)ell members are responsible for keeping prOr accounting recoi'd5 which disclose with reasonable accuracy 01 ny lime the financial position of the charitable company wid to enable them to ensure that the financial statements comply with ihe Coinpw)ies Act 2006. They are also responsible for safeguarding the assets of the charitable rx*mpany and henc¢ for taking reasonable Steps for the prev¢nlion and dei¢¢lion of fraud and otheT Irregul111¢s. In so far as the ¢ouncil membeTS are aware.. there is no relevant audii inforniation of which the charitable company's audiloTS are unaware. and the council members have taken all steps tha¢ they ought io have taken to make themselves aware of any relevant audit information wid io establish that the auditors are awllre of that information. AUDITORS The auditor5. Xeinadin Audil Limited, will be proposed for r¢-apwintm¢nt ot the forth¢omin8 Annual General Meeting. Reporl of the council, inco directors, on . ratin t stTategic report, approved by ordeT of ihe board of ihe council. a5 the company and signcd on the board's behalf by- P50n- Chair Page 12
REPORT OF THE tNDEPENDENT AUDITORS TO THE MEMBERS OF DONCASTER ROTHERHAM AND DISTRICT MOTOR TRADES GROUP TRAINING ASSOCtATION LIMITED Opinion We have audited the financial statements of Doncaster Rothcrham and District Motor Trades Group Training Associ8¢ion Limited {thc'ch8ritAbl¢ eoinp8ny') for the year ended 31 July 2024 whi¢h ¢oinpi'ise the Statement of Financial Aciivilics, the Balance Sheei, the Cash Flow Sialeinent and notes io the financial staLements, including a suminary of signifLcant accounting policies. The finkncial reporting framework thai has beerh Applied in Iheir preparation is applicable law artd United Kingdom Accounting Standards (UniLed Kingdom Generally Accepted Accounting Pi?clice). In our opinion the financial statements.. give a true and fair view of the state of the ehariiable company's affairs as at 31 July 2024 and of its incoming resour¢es 2nd application of resources, including its income and expendilure, for the year then ended.. have been piDperly pi'epared in accordance with Unit¢d Kingdoni Generally Accepted Accounting Practice,. and have been prepared in )oI.dance with the requit'ements of the Companies A¢1 2006. Bgsis for opSnion We ¢ondiict¢d our Audit in accordance with Inlemational Stsrtdards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards ale fuither deseribed in the Auditoi's, responsibilities for Ihe audit of the financial statements section of our report. We are independent of the charitable company in ac¢oi'dance with the ethical requirements thar are relcvant to our audit of the financi841 statements in the UK. including the b RC'S Ethical Stand8rd, and we havc fijifilled our other etlii¢al responsibilities in accordance with tbts¢ requir¢ni¢nts. We b¢li¢v¢ that the audit evidence we have obtained is sufficient and appropi'iate to provide a basis foj. our opinioii. Con¢luslons relating to going concern In auditing the financial statements, we have ¢on¢luded that the Ii'ustees, use of the going Concern basis of 8¢eountin8 in )e prep&ra(ion of the fu)an¢iol sialem¢nis is appropriol¢. Based on th¢ work we have pei'formed, we liave not identified any maierial uncerlainties I'elating to events or conditions Ilial individually or collectively, may cast significant doubt on the charitable conipany's ability to continue as a 80in8 concern foi. a period of at leasl Iwelv¢ months from wlien ihe financial slateincnts are authori5¢d for issuc. Our responsibilities and the responsibilities of the council membei's with respect to going conceri) air described in the relcvani se¢liorts of this report. Other Inlormatlon Th¢ Council niembeTS are responsible for the other hnfomarion. The othei infomiation ¢ompi'ises the inforn)alion included in the Annual Report, other Ihan tlie financial statements and our fieport of the Independent Audilors thereon. Our opinion on the financial stat¢ments does not cover the other infoiThation and. exc¢pt to the exient othetivise explicitly stated in our iepoi't, we do not express any form of assurance conclusion ther¢on. In ¢onn¢¢tion with our audit of the fillaneial gtsiements, our r¢spon$ibility is to read the other information and, in doing so. ¢onsider whether the other information is maleiially inconsistelll with the financial statements or our knowledge obtained in the audit or otherwise appears to be maleri811y missthted. If w¢ identify sucb matei'ial inconsistencies or appareni material misstatements, we are rcquircd to d¢trmine whethcr this give5 rise to a material misstatemcnl in th¢ financial staiements (heinselve5. If, based on ¢hc woi.k we have perfoi'med, we conclude ¢h&i there is a Tnat¢ri81 mi5Statement of this oll)er infoi'mathon. we are i'equii'ed to report thai fact. W¢ have nothing 10 L'epoi't iii ihis i'egard. Opiniolls on other matters pi-escribed by the Companies Act 2006 In our opinion, based on the work undei"taken in the course of the audit.. th¢ inform8tJon given in the Report of the Council for Lhe fillaneiAI year for which the fjnancial statements air prepai'ed is ¢onsisient with t])¢ financial sialements,. and the Report of the Coun¢il l)as beert prepaJ¢d in accoi'dane¢ witli appli¢able legal requii'en*nts. Page 13
REPORT OF THE tNDEPENDENT AUDITORS TO THE MEMBERS OF DONCASTER ROTHERHAM AND DISTRICT MOTOR TRADFS GROUP TRAINING ASSOCtATION LIMITED Matters on ivbieh we are required to repoi-t by exception In the light of the knowledge and unders(anding of the ch.1(able company and its environment obiained in the course of Ihe audit, we have not identified material Inisstalemen15 in the Report of the Council. We have nothing to report in respe¢( of the following mat¢ers where the Companies A¢t 2006 requir¢s us to i'epori to you if. in our opinion.. adequaie aceounting i'e¢ords have not been kept or retums adequate for our audit l)ave not been received froni branches nol visited by us; or Ihe finan¢iAI staiemenis are not in agreemenl with the accounting records ond retums. or ¢ertain disclosures of ttuste&q' I'en)uneration specified by law Ère not made" or. we have noi re¢eiv¢d all th¢ inforn)ation and explanations we require for our audil. Responsibllltlcs of councll mcmbLrs As explained more fijlly in ihe S(at¢meni of Council Members, Responsibilities, the council members (who are also the directors of the charilable company for the pui'pos¢s of ¢ompany law) are responsible for the prepaTation of th¢ financial statemenis and for beii)g satisfied dial they give a Irne and fair view, and for such iniei'nhl conti'ol as ihe council membeis d¢tennine is n¢¢esgary to ¢i)abl¢ the preparation of financiol statements thot are free fvoin material miss(atemeni, wheihei. du¢ to fraud or error. In preparin8 the financial statements, the council members arc re$pon$ible for assessing the eharilable company's ability to continue as a going concern, disclosing. AS Applicable. matters Tclatcd to going ¢oi)¢em and using the goin8 ¢oneern basis of ac¢ountin8 Urtless the ¢oun¢il n)¢mb¢i's eidi¢r int¢nd (o liquidaie the chAri¢8bl¢ COMpY or Lo ¢eas¢ op¢r&iions. or have no realistic altei'native bul lo do so. Page 14
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF DONCASTER ROTHERHAM AND DISTRICT MOTOR TRADES GROUP TRAINING ASSOCtATION LIMTED Otsr responslbllitles for ihe &udit of the finanelal statements Our objectives are (o obuin I'easonable assurance abou( whether the financial stateinents as A whole are free from material misstatement, whether due to fraud or enor. and to issue a Reporl of the Independeni Auditors that ineludcs our opinion. Reasonable 8ssurance is a high level of assurance, but is not a guaranLee thar an audit conducted in accordance with JSAS {UK) will always deleci a materi81 misstatement when it exists. Missiatements Cart arise from fraud or ¢rroL' and are ¢onsidered material if, individually or in the ttggregaie, Iliey could reasonably be expected to intluence Ihe economic decisions of users taken oi) Ilie basis of tl)e5e flnancial statements. The exlcnt to which our procedure5 are capable of delecting irregularities, including fraud is detailed below.. Based on our understanding of the Company. we identified that the pi'incipal risks of non-¢ompli2nce with laws and regulations related io corpoi'ation tax legislation and we Consider Ihe extent to which non-compliance might have a m4ieriAI effeci on the finart¢ial sthtemeiits. As part of ihis assessment we considered both quantitative and qualitative factors. We also eonsidei'ed those laws and regulatioiis that have a dii'ect impact on the pr¢pw'ation of the financial statements, such as the Companie5 Act 2006 and FRS 102. We evaluat¢d management's in¢entives and oppoi'tunities for fraudulent mknipulation of the financial statements which included the risk of nian&8ement override of controls. We determined that the pi'incipal I'isks were relaied to postin8 inappropii8te joumal entries, omittiDg, advancing or delaying recognition of events and Iransa¢tions ihat havc occurred during or after the repoi'ting period, and potelllial InanagemeD¢ bias in the deteiininalion of a¢¢ounting estiinatcs or judgements to monipulate I'esults. Audil procedures performed by Lhe engagement teain include.. Enquii'ing of and obtaining writien representation fi'oin m8nageinent in relation krtown or SLispected instances of non-¢oinpli#n¢e with laws and r¢8ulations ond fraLId, Enquiring of entity Staff in tax and compliance functions to identify any instances of nonkncompliance with laws and I'egulaLions' Cvaluation of mana8emenl'S Contiols designed io prevenl and deL¢¢t irreguloriLies,' Idei)lifyin8 aiid, where relcv4nl, tesling journal entries posted by senioi. m4na8¢mtnt or with unusual eombinaiions- Assessing and evaluating the business rationale of significant transactions outside rhe nom)al course of business., Revieiving financial statement disclosiires and testing to suppor¢ing documentation to a5Sts5 compliance with appljcable laws and regulations; Review of conespondence with r¢gulators in so far as they are related ¢0 the finAn¢ial statements. Incorporating elements of unpredictability into the llaDJI'e. timing andlor extent of audit procedures perfonned. There are inherent limitatiorts in th¢ audit procedur¢s described above and thc further removed non-complian¢¢ with laws and regulaiiorts is tsom the evenis and transactions I'efl¢¢l¢d in the financi81 stalem¢nts. the less likely we would become aware of it. Also, the risk of not deieeting a material misstatemcn¢ due 10 fraud is highcr than tbe risk ofnot detecting one resulting from e]Yor. as fi?ud may involve deliberate concealment by, for exainple, foi'geiy or inlenlional misrepiesentalion, or through collusion. A furth¢i' desei'iplion of ow. i'esponsibilities foi. lh¢ audii of the financial stsi¢m¢nts is located on the Financial Repoi'ling Council's webslte at www.frc.org.uklaudiiorsresponsibilities. This description forn15 part of oui. Repoitof ihe Indep¢ndent Auditors. Page 15
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF DONCASTER ROTHERHAM AND DISTRICT MOTOR TRADES GROUP TRAINING ASSOCIATION LlfvllTED Use of our report This report is made solely to the charitable company's rnemb¢, as a body, tn accordonct with Chapter 3 of Part 16 of the Companies Aci 2006. Our audit work has been undertkken so that we might slate to the ¢hariiable company's niembei those maiiei's we are required to state to Lhem in an auditors, report and foi. no other purpose. To Lhe fullest exient permiued by law, we do not accept or assvme responsibility io anyone other than the charitable company and the chai'itable company's meinbers as a body, for our audit work, for this repori. or for the optnions we have foniied. Kelvin Fi ton BA FCA (Senioi" Statutory A for and on behalf of Xeinadin Audit Limited Sidings House Sidings Court Lakeside Doncaster South Yorkshire DN4 SNU Date.. Page 16
DONCASTER ROTHERHAM AND DISTRICT MOTOR TRAf)ES GROUP TRAINING ASSOCIATION LIMITED STATEMENT OF FITrIANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2024 2024 Unrestricted fund 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Other trading activities Inv¢siment income 1,638,849 1,338,301 108,542 Tot&1 1709 810 L 440 843 EXPENDITURE ON Raisin8 funds 1,587,709 1,561,990 NET INCOMEI{EXPENDlTURE) 122,101 (115,147) RECONCILIATTON OF f4UNDS Total funds brought forward 5,285,886 5.401.033 TOTAL FUNDS CARRIED FORWARD 5 407 987 5 285 886 The note5 fom) part of the financial ststemens Page 17
DONCASTER ROTEIERHAI¥I Af4D DISTRtCT MOTOR TRADEI S GROiSP T.RAIIYING ASSOCIATIOJN LIMITED BALANCE SHEET 31 JULY 2024 2024 Unre$tri¢ted fund 2023 Total funds Notes FIXED ASSETS Tangible Sets Investments Investmeiits Investrnenl pivperty 3,589948 3.170,042 12 13 loo 100 396 926 396 3,986,974 3.567.068 CURRENT ASSETS Debiors Cash at bank omd in hand 14 188,489 1307 034 168,566 1614 328 1,495,523 .1,782,894 CREDITORS Amounts fallin8 du¢ within on¢ year 15 (74510) (64.076) NET CURRENT ASSETS 1718818 TOTAL ASSETS LESS CURRENT LIABILITIES 5,407,987 5,285.886 NET ASSETS 5 407 987 5 285 886 FUNDS Unrestricted ndS 17 5 407 987 5 285 886 TOTAL FUNDS 5 407 987 5 285 886 The financial stateme were approved by the Board of the Council and authorised for issue on . and were signed on its b¢l)alf by.. G Thompson - Chair The note5 form part of these fll)8nci&l statements Page 18
DONCASTER ROTHERHAM AND DISTRICT MOTOR TRADES GROUP TRAINING ASSOCIATION LIIMITED CASH FLOW STATEMENT FOR THE YEAR ENDED31 JULY 2(124 2024 2023 Notes Cash flows from operating *Ctivities Cash generated from operations Inter1 paid 220,530 (21,372) Net Casb provided byl{used in) operating activities 217 590 24,823) CAsh flow$ from Investlng Ylctlvltles Purchase of Langible fixed assels Inteiesl i'eceived (S48,232) (72,001) Net cash used in illvesting activities 524 884) 66 275) Change In CAsh gnd Cash equivglent$ in the reporting perlod Cash 4nd cash equlvAlents at tbe beginning of the reporttng period (307,294} (91.098) 1614 328 1705 426 C#$h and cash equivlllents at the end of the repor¢lnK perlod 1307 034 1614328 The notes forni part of these financial Slements Page 19
DONCASTER ROTHERHAM AND DISTRICT MOTOR TRADES GROUP TRAINING ASSOCIATION LIMITED NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 JULY 2024 RECONCJLTA TION OF NET tNCOMEI(EXPENDTTURE) TO NET CASH FLOW FROM OPERA TING ACTIVITIES 2024 2023 Net incomel{expenditure) for the reporting period (as per thc Sta(ement of FinanciAI Activities) Adjustmcnts for: Depreciation charges Interest received Iniere5t paid (In¢reas¢)Idecrease in debtors Incieasel{decrease) in cdItorS 122,101 {115,147) 128,326 (23,348) 2,940 (19,923) 101,144 (5,726) 3,451 1.533 Net ¢•sh provlded byl(used In) operAtlons 220 530 213721 ANALYSIS OF CHANGES IN NET FUNDS At 1.8.23 Cash flow At 31.7.24 Net tisl) Cash at bank and in hand 1614 328 307 294 1307 034 J 614 328 307 294 J 307 034 Total 614 328 307 294 1307 034 Th¢ notes forn) part of these financial statements Page 20
DONCASTER ROTHERHAM AND DISTRICT MOTOR TRADES GROUP TRAINING ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3J JULY 2024 COMPANY STATUS Tlie company is limited by guarantee and is a Registered Charity, nurnber 518473. the company's I'egistered number and regisiered office address can be found on the Report of the Council on Page l. ACCOUNTING POLICIES Basis of preparing the financiAI statements The financial slat¢Tn¢llls of the charilablc coinpany, which is a public benefit ¢nlity urtder FRS 102, have been pi'epared in accordance with the Charities SORP (FRS 102) 'Accounling and Reporting by Charilies.. Statement of R¢¢ommended Practice appli¢abl¢ to chariLies prepai'ing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ii'eland (FRS 102) {effective l January 2019),, Financial Reporiin8 Standard 102 'The Financial Reporting S¢andard applicable in ihe UK and Republic of Ireland, and the Comparties Act 2006. Th¢ financial siatemeiils have been prepared under the hisioi'ical cost convention. with (he exception of investments which are included at Inark¢t value. Th¢ financial ststements are presented in GBP. the fiCtIonal currency of the orgarti$ation. and are rounded to the nearest £ l. Income All income is re¢ognised in the Stalemeni of Finan¢i41 A¢liviiies once the chArity h&s entitlement lo the income. Th¢ following spechfic pulicies &r¢ applied to particular eitegories ofineome., Course fees are accounted for when earned Inveslnient income is accounted for when receivable Grants are aC¢OLinted for when the ¢ompany is eniiiled to receive them Expendlture Expendilure is iecognised on an accrnal basis as a liabilily is incurred. Expenditure includes atiributable VAT which cannot be recoveied because the coinpany is not registered for VAT and is reporled as part of the expenditure io whi¢h ¢h¢ VAT relates. Charitable expendiDJI'e coinprises those COSLS incurred by the charity in the delivery of its aciivities. It in¢lud¢s both costs that Can be allocaied directly io sucl) acijvilies and those of an indireci nare to support them. Governance costs include those costs associated with meeting ihe constil10nd7 and statutory requiirments of ihe ¢hai'ity and include the audit fees and costs linked to the strategic management of the eharity. All costs are Allo¢4ted between the expendi¢ui'e categories of th¢ SOFA either by diTe¢t allocation or apportioned on a basis of the s18ff tim¢ attributable to cach cotegory. Tangible fixed jssets Depre¢i4lion is piDvided at The followin8 annual raies in ordei. lo write off each 8ss¢I over ils e81imaied useful life. Freehold property 20/0 oll a r¢du¢ing balance basis SliorL leasehold property Over the I'emaining period of the lease Plant and niachinery 120/• on a straight line bases Fixturas and fittings 20-330/0 on a reducing balance basis 25Q/o on a straight line bases (computers) 250/0 on a ieducing balance basis Invesinienl propeity is shown al its most recent valLialion. Any sui'plus or deficit arising is recognised throiigh the income and expenditure account. Motor vehicles Invesimenl property Page 21 continued...
DONCASTER ROTHERHAM AND DISTRJCT MOTOR TRADES GROUP TRAINING ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEfvtENTS- continued FOR THE YEAR E]VDED 31 JULY 2024 ACCOUNTING POLICTES - eontinued TÈn2lble (lied Assets Tlie council's policy is llol to ¢apitalis¢ eapstal expenditure irtcurred at a cost of under £ 1,000. Items wilh a net book value of less than £1 00 ai'e written off. Investment property Investnieni pioperty is shown at n)ost i'ecent valuation. Any agg1'ega sui'plus or deficit Arisirtg fi'om changes in fail. value is ircognised in the Stsiement of Financial Activities. T Axgtion As a Registered Charity. Ihe con)pany is not subjeci to corporation tax. Fund accountlng Unr¢stricted fijnds can be used in 8ccordan¢e with the ¢harit8bl¢ objectives at the discretion of the ¢Nsiees. Re$tri¢ied funds Can only be used for particular restricted pwposes within the objeets of the charity. Resrriction$ arise when specified by the donor or whcn funds are raised for particular restricted purposes. Fui'ilier explartaiion of the naLure and purpose of each fund is included in the notes to the financial stateinents. Penslon tost$ and other p051-retlrement benefits The charitable company operates a defined contribution pension scheine. Conli'ibutions Pf4yable io the chafilable conipuny's pension scheme are charged lo tlie Statement of Financi81 Ac(ivitics in the period io which they relate. Prepar&tlon of consolldaled flnAnelAI stAtementJ The financial slAteinenLS contain infoiinaLion about Doncaster Rgtherham ELnd Disli'ict Motor Tiad¢s GroiLP Training Association Limited as an individual limited company and do not contain ¢ortsolidaled firtancial infoi'mation as the parent of a group. The coiiipany has laken Lhe option undei. Section 398 of the Companies Act 2006 not lo pi'epare consolidated financial sta(emenls. OTHER TRADINC ACTIVITIES 2024 2023 Membership fees Own course fees Other course fees & recharges 24D 264,859 A 373 750 210 262.930 1075 161 638 849 1338 301 Page 22 continued...
DONCASTER ROTHERHAfvI AND DISTRICT MOTOR TlbiDES GROUP TRAINING ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2024 tNVESTMENT INCOME 2024 2023 Rents received Int¢i'¢sl receivable - trading 47,613 102.816 108 542 RAJStNG FUNDS Other trading activities 2024 2023 Support eosts 1587 709 1561.990 SUPPORT COSTS Inforniation tecbnology Goveimance Costs Managcmenl To¢ai$ Other trading activities 1 $25 979 1587 709 NET INCOMEIl(]LXPENDITURE) Nel incomel(expendilur¢) is stated after chargingl{¢rediting)'. 2024 2023 Aiidilors, remuneratiort Depreciation owned assets Operating lease cxpenses- laiid & buildin8S Pension costs 10,020 128,326 78,190 10.440 101.145 91,244 COUNCIL MEMBERS, R]LMIINERA TION AND BENEFITS There were no ¢ouncil members, remunei'&tiort or other benefils for the yeai. ended 31 July 2024 nor for the yeai. ertd¢d 31 July 2023. Pa8e 23 continued..
DONCASTER ROTHERHAM AND DISTRICT MOTOR TRADES GROUP TRAINING ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS- confinued FOR THE YEAR ENDED 31 JULY 2024 TRUSTEES, REMUNERATION AND BENEFITS- continued Trystees, expenses Certain members of the executive council received expenses during the year. The tot21 amounl payable amounted 10 £2,871 (2023. £1,510). STAFF COSTS 2024 2023 Wages and salaries Oihei. pension costs 752,007 25 794.985 777 405 821418 The average monihly number of employees during che year was as follows.. 2024 16 2023 17 Tuiors Administration H&S, quality control. marketing Management Cleaner$ 26 28 The number of employees whose employee benefits (¢x¢luding employer p¢nsion costs) exceeded £60,0 wa8.. 2024 2023 £60.001- £70,000 io. COMPARA TIVES FOR THE STA TEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM OiheE' trading activities Investment inconie 1,338,301 108 542 Total 1446 843 EXPENDITURE ON Raising funds 1.561,990 NET tNCOMEI(EXPENDTTURE) {115.147) Page 24 continued...
DONCASTER ROTHERHAM AND DISTRJCT MOTOR TRADES GROUP TRAINING ASSOCtATION LIMITED NOTES TO THE FINANCIA.L STATEMENTS- eontinued FOR THE YEAR EIYDED 31 JULY 2024 io. COMPARA TJVES FOR THE STATEMENT OF FINANCtAL ACTIVITIES - contlnued UnresLI'lCted fund RECONCILIATION OF FUNDS Toial funds brought fotivard 5401033 TOTAL FUNDS CARRAED bORWARD 5 285 886 TANGIBLEI FTXED ASSETS Freehold property Short leasehold Plant and machinery COST At l August 2023 Additions 4,280,002 458 329 72,980 936,029 At 31 July 2024 4 738 331 00441A DEPRECIATION At l August 2023 Ch&r8e for year 1,31.1,107 72,971 793,235 Ai 31 July 2024 1378 990 840 273 NET BOOK VALUE At 31 July 2024 3 359 341 164 138 At 31 July 2023 2 968 895 142 794 Fixtures and fitlin8S Motoi. vehicles Total$ COST At l August 2023 Additions 274,467 197,838 5,761,316 548 232 At 31 July 2024 288 788 205 038 09,548 DEPRECIATION Al l August 2023 Charge for year 224,667 189,294 2,591,274 128 326 Ai 31 July 2024 235 185 192 181 2 719 600 IYET BOOK VALUE At 31 July 2024 3 589 948 At 31 July 2023 3 170042 Paue 25 continued...
DONCASTER ROTHERHAM AND DISTRICT MOTOR TRADES GROUP TRAINING ASSOCIATTON LIMITED NOTES TO THE FINANCIAL STATEMENTS- conilnued FOR THE YEAR ENDED 31 JULY 2024 FVAED ASSET TNVESTMENTS Shal'es in group undertakings MARKET VALUE At l August 2023 and 31 July 2024 Joo NET BOOK VALUE Ai 31 July 2024 loo Ai 31 July 2023 100 There were no investnieni assets ouiside the UK. The investmeni is a IOOO/• shairholding in GTA A55essments Ltd which.has not yet commenced tradin8. 13. INVESTMENT PROPERTY FAIR VALUE Ai l August 2023 and 31 July 2024 AMORTISATION Al l August 2023 and 31 July 2024 132 058 NET BOOK VALUE Al 31 July 2024 396 926 Al 31 July 2023 396 926 In the opinioii of the Council, the market value of the organisation's investment property as at the year end date is not maierially different to ILS net book value. 14. DEBTORS.. AMOUNTS FALLING DUE WIT11114 ONE YEAR 2024 2023 Trade debtors Other debtors Pi'ep8yments 124.286 2,454 103,752 188489 168566 Page 26 continued...
DONCASTER ROTHERHAM AND DISTRICT MOTOR TRADES GROUP TRAJNIf4G ASSOCJATION LIMITED NOTES TO THE fiNANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2024 15. CREDITORS: AMOUNTS FALLJTrIG DUE WITHIN ONE YEAR 2024 2023 Trade ereditors So¢ial security and'other iaxes Other creditors Accrned exp¢nses 46,025 14,204 loo 31.491 14.509 100 74.510 LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as lollows.. 2024 2023 Within one yeai. Between one and five yeai's 75,781 172 095 75.781 247 876 247 876 323 657 MOVEMENT IN FUNDS Net movement in funds At 31.7.24 AL 1.8.23 Unrestricted funds Gerteral fijnd 5,285,886 122,101 5,407,987 TOTAL FUNDS 5 285 886 122 101 5 407 987 Net movemeni in tijnds, included in the above are as follows.. Incoming r¢sour¢es Resources expended Movement irt fui)ds Unrestricted funds General fijnd 1,709,810 {1,587,709) 122,101 TOTAL FUNDS 17n9I1 I q87 709) 122 101 Page 27 continue¢l..
DONCASTER ROTHERHAM AND DISTIUCT MOTOR TRADES GROUP TRAINING ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS- CODtinued FOR THE YEAR ENDED 3] JULY 2024 J7. MOVEMENT IN FUNDS- eontinued ComparAtives for movement in funds Net movement in fiinds At 31.7.23 At 1.8.22 Unrestricted funds General fund 5,401.033 (115,147) 5,285,886 TOTAL FUNDS 5 401033 15 147) 5 285 886 Conipgrative nel movement in funds. included in the above are a5 follows.. Incoming rtsouTce$ Resources expended Movement in funds Unrestricted funds General fvnd 1,446.843 (1.561.990) (115,147) TOTAL FUNDS 1446 843 A current y¢ai' 12 months and prior year 12 months combined position 1$ as follows.. Net rnovement in funds At 31.7.24 Ai 1.8.22 Unrestricted funds General fund 5,401,033 6.954 5.407.987 TOTAL FUNDS 5 401033 5 407 987 A Current year 12 months and prioi. y¢ar 12 months combined net movement in funds, in¢luded in the above are 8$ follows.. Incoming r¢sources Resources expended Movement in funds Unrestrleted fund$ General fund 3,156.653 {3,149,699) 6,954 TOTAL FUNDS 3,156653 3 149 699) Page 28 continued...
DONCASTER ROTHERHAM AND DISTRICT MOTOR TRADES GROUP TRAINJNG ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEfvIENTS- coiitinued FOR THE YEAR ENDED 31 JULY 2024 18. CAPITAL COTWMITMENTS 2024 2023 Contracted bul not provided for tn the financial statements 287 32) 460,0 19. RELATED PARTY DISCLOSURES There were no related party transactions for the yedr ended 31 July 2024. Page 29
DONCASTER ROTHERHAM AND DISTRICT MOTOR TRADES GROUP TRAIIYING ASSOCIATION LIMITED DETAILED STATEMENT OF FIN'ANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2024 2024 2023 INCOME AND ENDOWMENTS Other trading #Ctivities Membership fees Own course fees OU)er coui'se fees & recharges 240 264,859 1373 750 210 262,930 ,075.161 1,638,849 1,338.301 Investment income Renis received TnLerest receivable - Iradin8 47,613 102.816 108542 Total Incomlng reiources 1,709,810 1,446,843 EXPENDITURE Support eo$t$ Managenient Wages Pensions Raies and water InsurAnc¢ Telephone Postage and stationery Adv¢rtisin8 Sundrics Motor cxpenses Tralning and workshop expenses Meeting expenses C1¢8ning Payroll prepajolion Doncastei. l'ent Sheffield occupancy ¢osts Light & heat Freehold property Plant and machinery Fixtrjres and fittings Motoj. vehicles Bank intei'e5t 752,007 25,398 41,259 24,274 31,838 13,429 7,444 IS,279 14,031 310,409 7,542 J,Jso 7,261 3,918 74,273 65,20A 67,883 47,038 10,518 2,887 794,985 26,433 29,171 25,375 40,245 1.550 8,779 22,40S 17,752 250,750 7,368 ,620 3,769 22.942 73.696 69,196 60,506 32,446 5,343 2,849 1,525,979 1.510.631 This poge does not forni part of the statutory financial statements Page 30
DONCASTER ROTHERHAM AND DISTIUCT MOTOR TRADES GROUP TRAINING ASSOCIA TION LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2024 2024 2023 Management Information technology Repaii'5 and r¢n¢wals 50,691 40.919 Governance costs Auditors, remuneration A¢countXnCy And legal fees 111,020 10,440 Totsl resources expended 1 $87 709 1.561990 Net In¢omel(expendlture) 122 101 115 147) This page does not forni part of th¢ StstOry financiAI statements PÈge31