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2023-07-31-accounts

Trustees Mrs A Hough
Ms C Mawdsley (Appointed 1 October 2022)
Mr D W Crosby (Appointed 1 October 2022)
Group Chief Executive ONcer Mr J Killen (appointed April 2023)
Charity number 526139
Company number 00760011
Registered offic Unit 33
Wellington
Employment		 Park
Dunes Way
Liverpool
L5 9RJ
Auditor Xeinadin
Audit Limited
2 Hilliards
Court
Chester Business Park
Chester
Cheshire
CH4 9QP
Bankers CAF Bank
25 Kings
Hill Avenue
Kings
Hill
West Mailing
Kent
ME194JQ
Solicitors Brabners
LLP
Horton House
Exchange Flags
Liverpool
Merseyside
L2 3YL

Page
Trustees' report 1-5
Statement oftrustees' responsibilities
Independent
auditods		 report
Statement offinancial activities 11-12
Balance sheet 13
Statement ofcash flows 15
Notes to the financial statements 16-40

Unrestricted Restricted Total Unrestricted Total Unrestricted Restricted Total
funds funds funds funds
2023 2023 2023 2022 2022 2022
Notes 6 6 6
Income and endowments from:
Donations and legades 9,900 9,900
Charitable activities 2,901,402 2,901,402 2,291,489 2,291,489
Other trading activities 302,824 302,824 339,595 339,595
Investments 430 430 119 119
Other income 134,385 134,385 (1,450) (1,450)
Total income 3,339,041 3,339,041 2,639,653 2,639,653
~E*
di
Raising funds 380,313 380,313 387,194 387,194
Charitable activities 3,015,377 3,015,377 2,720,698 2,720,698
Taxation (4,669) (4,669) (2,155) (2,155)
Total resources
expended 3,391,021 3,391,021 3,105,737 3,105,737

Net outgoing
resources before
transfem		 (51,980) (51,980) (466,084) (466,084)
Gross transfers
between
funds 276,618 (276,618) 281,489 (281,489)
Net Income/(expenditure) for
the year/
Net Incoming/(outgoing)
resoilrces		 224,638 (276,618) (51,980) (184,595) (281,489) (466,084)
Other recognised
gains		 and losses
Actuarial
gain on
defined
benefit pension
schemes		 388,000 388,000 619,000 619,000
Net expenditure
for the
year/Net
movement
in funds		 612,638 (276,618) 336,020 434,405 (281,489) 152,916
Fund balances at 1
August 2022		 544,894 2,712,284 3,257,179 110,489 2,993,773 3,104,262
Fund balances at 31
July 2023		 1,157,532 2,435,666 3,593,198 544,894 2,712,284 3,257,178

2023 2022
Notes 8 8
Fixed assets
Tangible assets 13 2,952,938 3,337,152
Current assets
Debtors 16 680,191 423,637
Cash at bank and in hand 220,990 244,868
901,181 668,505
Creditors: amounts fafilng due within
one year 18 (858,009) (770,289)
Net current assetsr(habigtles) 43,172 (101,784)
Total assets less current liabilities 2,996,110 3,235,368
Creditors: amounts falling due after
more than one year 20 (136,912) (275,521)
Provisions
for liabilities		 22 (4,669)
Net assets excluding pension surplus 2,859,198 2,955,178
Defined benefit pension surplus 27 734,000 302,000
Net assets 3,593,198 3,257,178
Income funds
Restricted funds 28 2,435,666 2,712,284
s 09(gdJ0008
General unrestricted reserves 29 65,084 (176,720)
Designated
funds		 29 358,448 419,614
Pension reserve 29 734,000 302,000
1,157,532 544,894
3,593,198 3,257,178

2023 2022
Notes E E
Fixed assets
Tangible assets 14 2,939,494 3,312,576
2,939,494 3,312,576
Current assets
Debtors 17 922,211 635,549
Cash at bank and in hand 171,737 188,097
1,093,948 823,646
Creditors: amounts falling due within
one year (776,951) (719,780)
Net current assets 316,997 103,866
Total assets less current liabilities 3,256,491 3,416,442
Creditors: amounts falling due after
more than one year 20 (136,912) (275,521)
Net assets excluding pension surplus 3,119,579 3,140,921
Defined
benefit pension		 surplus 27 734,000 302,000
Net assets 3,853,579 3,442,921
Income funds
Restricted
funds		 28 2,435,666 2,712,284
General
unrestricted		 funds 30 325,465 9,023
Designated
funds		 30 358,448 419,614
Pension reserve 30 734,000 302,000
1,417,913 730,637
3,853,579 3,442,921

2023 2022
Notes 6 6
Cash flows from operating ac5vitles
Cash generated
from operations		 37 103,880 4,421
Investing activities
Purchase oftangible
fixed assets		 (5,323) (1,615)
Proceeds on disposal oftangitfie fixed
assets 32,350
Interest received 430 119
Net cash (used in)/generated from
investing activities (4,893) 30,854
Financing activities
Repayment
ofborrowings		 (51,836) (47,390)
Payment ofobligations
under		 finance leases (71,029) (68,851)
Net cash used In financing activities (122,865) (116,241)
Net (decrease)/increase
in		 cash and cash
equivalents (23,878) (80,966)
Cash and cash equivalents at beginning ofyear 244,868 325,834
Cash and cash equivalents at end of year 220,990 244,868

Total Unrestricted
funds
2023 2022
E 8
9,900

Training Training
2023 2022
F
ESFA Income 1,772,591 1,789,592
Other training income 1,128,811 501,897
2,901,402 2,291,489

Unrestricted Unrestricted
funds funds
2023 2022
Canteen 57,356 32,371
Commercial 245,468 307,224
Other trading activities 302,824 339,595
6 Income from investments
Unrestricted Unrestricted
funds funds
2023 2022
f
Interest receivable 430 119
7 Other income
Unrestricted Unrestricted
funds funds
2023 2022
Otherincome 134,385 (1,450)
Other income includes VAT recoverable of6132,549.
Unrestricted Unrestricted
funds funds
2023f 2022
Fundraisin and ublicit
Ceremonies & conventions 146 662

8 Raising funds Raising funds (Continued)
T~Ch
Canteen 20,521 18,865
Operating
trading		 company undertaking non-charitable trading activity 99,940 110,535
Staff costs 222,349 241,679
Depreciation and impairment 11,132 11,339
Supportcosts 26,225 4,114
Trading costs 380,167 386,532
380,313 387,194

Training Training
2023 2022
6 6
Staff costs 1,206,045 1,136,116
Depreciation and impairment 378,405 391,882
Training costs 665,743 446,167
Premises costs 337,619 303,120
Administration costs 137,234 138,842
Other finance costs (11,000) 5,000
2,714,046 2,421,127
Share of support costs (see note 10) 237,010 241,192
Share ofgovernance costs (see note 10) 64,321 58,379
3,015,377 2,720,698

Support c osts
Support Governance 2023 Support Governance 2022
costs costs costs costs
F 6
Staff costs 147,357 147,357 147,597 147,597
Finance 27,811 27,811 21,939 21,939
Marketing 293 293 6,241 6,241
Information technology 61,549 61,549 65,415 65,415
Audit fees 36,300 36,300 32,000 32,000
Legal and professional 54,246 54,246 30,493 30,493
237,010 327,556 241,192 62,493 303,685
Analysed between
Trading 26,225 26,225 4,114 4,114
Charitable activities 237,010 64,321 301,331 241,192 58,379 299,571
237,010 90,546 327,556 241,192 62,493 303,685

The average
monthly
number ofemployees
during
the yea		 r was:
2023 2022
Number Number
Training
& related administration		 43 45
Employment
costs		 2023
E		 2022f
Wages and salaries 1,402,530 1,361,838
Social security costs 108,271 111,660
Other pension costs 64,950 51,894
1,575,751 1,525,392

2023 2022
Number Number

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16 Debtors - Group
2023 2022
Amounts
falling due within		 one year: E
Trade debtors 241,906 309,392
Other debtors 150,758
Prspayments
and		 accrued income 287,527 114,245
680,191 423,637
17 Debtors - Charity 2023 2022
Amounts
falling		 due within one year: E.
Trade debtors 169,272 259,407
Amounts
owed by		 subsidiary undertakings 322,665 267,257
Other debtors 146,096
Prepayments
and		 accrued income 284,178 108,885
922,211 635,549
18 Creditors: amounts
falling		 due within one year - Group
2023 2022
Notes F E
Obligations
under
Bank loans		 finance leases 77,693
56,698		 69,079
49,568
Other taxation
and social security		 34,361 76,453
Deferred
income		 25 74,483 146,797
Trade creditors 165,143 26,771
Other creditors 118,532 108,327
Accruals 331,099 293,294
858,009 770,289

19 Creditors amounts falling due within falling due within one year - Charity
Notes 2023f 2022
6
Obligations
under finance leases		 77,693 69,079
Bank Loans 56,698 49,568
Other taxation
and		 social security 35,736 74,559
Deferred income 26 48,307 123,586
Trade creditors 140,697 9,367
Other creditors 117,490 108,327
Accruals 300,330 285,294
776,951 719,780
20 Creditors: amounts falling due after more than one year-
Group &Charity
2023 2022
Notes F
Obligations
under finance leases		 77,369 157,012
Bank Loans 59,543 118,509
136,912 275,521
21 Loans and overdrafts -Group 8 Charity
2023
F		 2022f
Bankloans 116,241 168,077
Payable
within one		 year 56,698 49,568
Payable after one year 59,543 118,509

22 Provisions for liabilities - Group 2023 2022
Notes E E
Deferred tax liabilities 24 4,669
Retirement benefit obligations 27
4,669
23 Provisions for liabilities -Charity 2023f 2022f
Retirement benefit obligations 27
Liabilities Liabilities
Balances: 2023
E		 2022f
Accelerated
Capital Allowances		 4,669
2023
Movements
in the year:		 E
Liability/(Asset)
at 1 August 2022		 (4,669)
Charge to profit &loss 4,669
Liability at 31 July 2023

2023 2022
6 6
Other deferred
income		 74,483 146,797
Deferred income is included in the hnancial statements as follows:
2023 2022
6 6
Balance at 1 August 2022 146,797 109,624
Amounts released to incoming resources (134,623) (88,525)
Amount deferred in year 62,309 125,698
Balance at 31 July 2023 74,483 146,797

2023 2022
F
Other deferred
income		 48,307 123,586
Deferred income is induded in the financial statements as follows:
2023 2022
F
Balance at 1 August 2022 123,586 55,408
Amounts released to incoming resoources (111,413) (34,310)
Amount deferred in year 36,134 102,488
Balance at 31 July 2023 48,307 123,586

The current asset split is as follows: The current asset split is as follows: Bid values
as at 31.7.23
Equities 1,467,000
Bonds 4,343,000
Cash 79,000
Total assets 5,889,000
Amounts
recognised		 in the profit and loss account:
2023 2022
6 6
Past service costs
Interest on liabilities 200,000 116,000
Restriction
on net interest
income credited to the income statement
The effect ofany curtailment
or settlement
Interest on assets (211,000) (111,000)
Total costs/(income) (11,000) 5,000
Amounts
recognised		 in other recognised gains &losses:
2023 2022
6 6
Actual
return
on scheme assets
Restriction
on net interest
income credited to the income statement
Losses/(gains)
from		 changes to financial assumptions (928,000) (1,352,000)
Losses/(gains)
from		 changes to demographic assumptions (126,000)
Loss/( gains) on assets
in excess ofinterest		 395,000 733,000
Past service costs not yet recognised
Experience losses/(gains)
on liabikties		 271,000
Liability for minimum funding
requirement
Total costs (388,000) (619,000)

27 Retirement
benefit schemes		 -Group &Charity (Continued)
Amounts recognised in the balance sheet:
2023 2022
Present value offunded obligations (5,155,000) (6,220,000)
Fair value ofassets 5,889,000 6,522,000
Surplus in scheme 734,000 302,000
Total asset recognised 734,000 302,000
Movsmsnts
in the present value of defined benefit obligations:
2023 2022
F
Liabilities at 1 August 2022 6,220,000 7,951,000
Benefits paid (482,000) (495,000)
Experience
(gain) floss on liabilities		 271,000
Changes to financial
assumptions		 (928,000) (1,352,000)
Interest on liabilites 200,000 116,000
Changes to demographic assumptions (126,000)
At 31 July 2023 5,155,000 6,220,000
Sensitivity
of the value		 placed on the liabilities:
Approx effect
on liability
2023
Discount rate:
Discount rats +0.25% (97,000)
Discount rate -0.25% 100,000
Inflation:
Inflation +0.25% 31,000
Inflation -0.25% (29,000)
Mortality:
90%of base table 218,000
110%of base table (195,000)

27 Retirement
benefit schemes		 -Group &Charity (Continued)
Movements
in the fair value of		 plan assets:
2023f 2022
8
Fair value ofassets at 1 August 2022 6,522,000 7,611,000
Interest on assets 211,000 111,000
Return
on plan assets less interest		 (395,000) (733,000)
Benefits paid (482,000) (495,000)
Contributions
by the employer		 33,000 28,000
Fair value ofassets at 31 July 2023 5,889,000 6,522,000
Actual
return
on assets		 (184,000)
Projected
profit &loss account		 for next year:
Period to 31
July 2024f
Interest on liabilties 258,000
Interest on assets (298,000)
Total (40,000)

Balance at Transfers Balance at Transfers Balance at
1 August 2021
f		 8 1August 2022
8		 31July 2023
FJ White Fund 12,013 12,013 12,013
Learning
&Skills Council		 Grant 42,978 (1,790) 41,188 (1,790) 39,398
Sefton Capital Grant 15,000 (5,000) 10,000 (5,000) 5,000
Strategic Investment Fund - 2019 2,540,689 (213,612) 2,327,077 (213,612) 2,113,465
Strategic investment Fund —Bid 2 383,093 (61,087) 322,006 (56,216) 265,790
2,993,773 (281,489) 2,712,284 (276,618) 2,435,666

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Movement Movement in funds
Balance at Incoming Resources Transfers Gains and Balance at
1 August 2022 resources expended losses 31July 2023
6
Unrestricted
Funds - General 9,023 3,093,468 (3,114,810) 337,784 325,465
Unrestricted
Funds —Pension
Reserve 302,000 44,000 388,000 734,000
Designated Self
funded re SIF
Grant 419,614 (61,166) 358,448
730,637 3,093,468 (3,070,810) 276,618 388,000 1,417,913
Comparative infomation in respect of the preceding penod is as follows:
Balance at Incoming Resources Transfers Gains and Balance at
1 August 2021 resources expended losses 1 August 2022
F F 6 6 f
Unrestricted
Funds - General 128,456 2,332,425 (2,794,513) 342,655 9,023
Unrestricted
Funds —Pension
Reserve (340,000) 23,000 619,000 302,000
Designated Self
funded re SIF
Grant 480,780 (61,166) 419,614
269,236 2,332,425 (2,771,513) 281,489 619,000 730,637

31 Analysis ofnet assets between
funds		 -Group
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2023
6		 2023 2023
f		 2022
F		 2022
F.		 2022
F
Fund balances at
31 July 2023 are
represented
by:
Tangible assets 529,285 2,423,653 2,952,938 636,881 2,700,271 3,337,152
Current assets/(liabilities) 31,159 12,013 43,172 (113,797) 12,013 (101,784)
Long term liabilities (136,912) (136,912) (275,521) (275,521)
Provisions
and
pensions 734,000 734,000 297,331 297,331
1,157,532 2,435,666 3,593,198 544,894 2,712,284 3,257,178
32 Analysis
of net assets		 between funds -Charity
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2023 2023 2022 2022 2022
F 6 f F 6
Fund balances at
31 July 2023 are
represented
by:
Tangible assets 515,841 2,423,653 2,939,494 612,305 2,700,271 3,312,576
Current assets/(liabihties) 304,984 12,013 316,997 91,853 12,013 103,866
Long term liabilities (136,912) (136,912) (275,521) (275,521)
Provisions
and
pensions 734,000 734,000 302,000 302,000
1,417,913 2,435,666 3,853,579 730,637 2,712,284 3,442,921

2023 2022
6 6
Within one year 221,448 229,119
Between two and five years 749,792 785,956
In over five years 957,301 1,142,585
1,928,541 2,157,660

provision
of		 commercial
training.
A summary
ofthe tradin		 g
subsidiary's
results are shown
below:
2023 2022
8
Turnover 245,468 307,225
Expenditure (324,776) (336,376)
(Loss)/Profit before taxation (79,308) (29,151)
Taxation 4,669 2,155
Retained
(loss)/profit		 (74,639) (26,996)
Aggregate
assets and liabilities
Fixed assets 13,443 24,575
Current assets 131,271 112,117
Current
liabilities		 (405,096) (317,766)
Non current liabilities
Provisions
for liabilities		 (4,669)
(260,382) (185,743)

36 Analysis
ofchanges		 in net (debt)/funds in net (debt)/funds
At 1 August 2022 Cash flows At 31July 2023
E E E
Cash at bank and
in hand		 244,868 (23,878) 220,990
Loans falling due within one year (49,568) (7,130) (56,698)
Loans falling due after more than one year (118,509) 58,966 (59,543)
Obligations
under finance leases		 (226,091) 71,029 (155,062)
(149,300) 98,987 (50,313)
37 Cash generated
from		 operations 2023 2022
E E.
Surplus for the year (51,980) (466,084)
Adjustments
for:
Investment
income recognised
in statement		 offinancial activities (430) (119)
Depreciation
and impairment
oftangible		 fixed assets 389,537 403,221
Taxation movement (4,669) (2, 155)
Difference between
pension charge and		 cash contributions (44,000) (23,000)
Movements
in working		 capital'
(Increase)/decrease
in		 debtors (256,554) 147,218
Increase/(decrease)
in		 creditors 144,200 (91,833)
Increase/(decrease)
in		 provisions (72,314) 37,173
Cash generated
from/(absorbed		 by) operations 103,880 4,421