| Trustees | E Sims | |||
|---|---|---|---|---|
| P Smith | ||||
| I Raeside | ||||
| ASims | ||||
| Secretary | P Smith | |||
| Charity number | 528635 | |||
| Company | number | 00926888 | ||
| Registered | office | Hanley Technical | Institute | |
| 151-153Marsh Street | North | |||
| Hanley | ||||
| Stoke-on-Trent | ||||
| Staffordshire | ||||
| ST1 5HR | ||||
| Auditor | Geens Limited | |||
| 68 Liverpool Road |
||||
| Stoke on Trent | ||||
| Staffordshire | ||||
| ST4 1BG | ||||
| Bankers | National Westminster |
Bank pic | ||
| 1 Upper Market Square | ||||
| Hanley | ||||
| Stoke-on-Trent | ||||
| ST1 1NS | ||||
| Solicitors | Freeth Cartwright | LLP | ||
| Federation House |
||||
| Station Road | ||||
| Stoke on Trent | ||||
| ST4 2SA |
| Page | ||
|---|---|---|
| Trustees' report |
1-5 | |
| Statement oftrustees' |
responsibilities | |
| Independent auditor's |
report | 7-9 |
| Statement offinancial |
activities | 10 |
| Balance sheet | 11 - 12 | |
| Statement ofcash flows | 13 | |
| Notes to the financial | statements | 14-22 |
| Unrestricted | Unrestricted | Total | Unrestricted | Unrestricted | Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||||
| general | designated | general | designated | ||||||
| 2022 | 2022 | 2021 | 2021 | 2021 | |||||
| Notes | E | ||||||||
| Income from: | |||||||||
| Charitable activities |
3 | 1,134,594 | 1,134,594 | 827,571 | 827,571 | ||||
| Investments | 4 | 4,449 | 4,449 | 1,518 | 1,518 | ||||
| Total income | 1,139,043 | 1,139,043 | 829,089 | 829,089 | |||||
| Ex enditure on: | |||||||||
| Charitable activities |
5 | 666,474 | 44,575 | 711,049 | 536,040 | 48,116 | 584,156 | ||
| Net incoming | resources | ||||||||
| before transfers | 472,569 | (44,575) | 427,994 | 293,049 | (48,116) | 244,933 | |||
| Gross transfers | |||||||||
| between funds |
(218,944) | 218,944 | (220,750) | 220,750 | |||||
| Net income for | the year/ | ||||||||
| Net movement | in funds | 253,625 | 174,369 | 427,994 | 72,299 | 172,634 | 244,933 | ||
| Fund balances | at 1 | ||||||||
| September 2021 | 217,884 | 1,074,912 | 1,292,796 | 145,585 | 902,278 | 1,047,863 | |||
| Fund balances | at 31 August | ||||||||
| 2022 | 471,509 | 1,249,281 | 1,720,790 | 217,884 | 1,074,912 | 1,292,796 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | |||||||
| Fixed assets | |||||||
| Tangible assets | 618,281 | 628,912 | |||||
| Current assets | |||||||
| Debtors | 73,209 | 41,701 | |||||
| Cash at bank and | in | hand | 1,039,095 | 655,725 | |||
| 1,112,304 | 697,426 | ||||||
| Creditors: | amounts | falling due within | |||||
| one year | 10 | (9,795) | (14,753) | ||||
| Net current | assets | 1,102,509 | 682,673 | ||||
| Total assets less | current liabilities | 1,720,790 | 1,311,585 | ||||
| Creditors: | amounts | falling due after | |||||
| more than | one year | (18,789) | |||||
| Net assets | 1,720,790 | 1,292,796 | |||||
| Income funds | |||||||
| Unre ricted |
funds | ||||||
| Designated | funds | 12 | 1,249,281 | 1,074,912 | |||
| General unrestricted | funds | 471,509 | 217,884 | ||||
| 1,720,790 | 1,292,796 | ||||||
| 1,720,790 | 1,292,796 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | F | ||||||
| Cash flows from operating | activities | ||||||
| Cash generated from operations |
438,103 | 295,100 | |||||
| Investing | activities | ||||||
| Purchase | oftangible fixed assets |
(33,943) | (57,751) | ||||
| Repayment of investment loans and |
|||||||
| receivables | 600 | 1,200 | |||||
| Investment income received |
4,449 | 1,518 | |||||
| Net cash | used in investing |
activities | (28,894) | (55,033) | |||
| Financing | activities | ||||||
| Payment | ofobligations under finance |
||||||
| leases | (25,839) | (7,051) | |||||
| Net cash | used in financing | activities | (25,839) | (7,051) | |||
| Net increase in cash and cash equivalents |
383,370 | 233,016 | |||||
| Cash and | cash equivalents | at beginning | ofyear | 655,725 | 422,709 | ||
| Cash and | cash equivalents | at end of | year | 1,039,095 | 655,725 |
| Training | Training | ||||
|---|---|---|---|---|---|
| and | and | ||||
| education | education | ||||
| 2022 | 2021 | ||||
| F | |||||
| Membership | fees | 31,609 | 30,703 | ||
| Services | to managing | agents | 164,363 | 358,383 | |
| Courses | 94,090 | 56,220 | |||
| Safety services | 9,237 | 7,762 | |||
| ESFA Funding | 695,802 | 50,049 | |||
| Enhanced | apprenticeships | 7,616 | 3,320 | ||
| Ace Academy | 131,877 | 321,134 | |||
| 1,134,594 | 827,571 |
| Unrestricted | Unrestricted |
|---|---|
| funds | funds |
| general | general |
| 2022 | 2021 |
| 4,449 | 1,518 |
| Training | Training | |||||
|---|---|---|---|---|---|---|
| and | and | |||||
| education | education | |||||
| 2022 | 2021 | |||||
| Staff costs | 484,343 | 421,031 | ||||
| Depreciation and impairment |
44,575 | 48,116 | ||||
| Course expenses (inc NSEG costs) |
27,578 | 21,480 | ||||
| Rent, rates and insurance | 10,093 | 11,090 | ||||
| Heat, light and water | 5,935 | 5,202 | ||||
| Minor equipment, maintenance |
and | premises expenses | 16,141 | 14,227 | ||
| Printing, stationery |
and telephone | 10,890 | 8,530 | |||
| Publicity (including |
website) | 3,607 | 1,188 | |||
| Motor and travelling | expenses | 9,964 | 4,710 | |||
| Auditors' remuneration/ Independent |
examiner's | fees | 3,950 | 1,835 | ||
| Sundry expenses | 13,261 | 11,019 | ||||
| EAL charges | 30,433 | 11,844 | ||||
| Subscriptions and |
donations | 4,190 | 5,954 | |||
| Irrecoverable VAT |
8,012 | 6,984 | ||||
| Other charitable expenditure |
38,077 | 10,946 | ||||
| 711,049 | 584,156 | |||||
| 711,049 | 584,156 | |||||
| Analysis by fund |
||||||
| Unrestricted funds |
- general | 666,474 | 536,040 | |||
| Unrestricted funds |
- designated | 44,575 | 48,116 | |||
| 711,049 | 584,156 |
| Employment costs |
2022 | 2021 |
|---|---|---|
| Wages and salaries | 415,186 | 374,749 |
| Social security costs | 37,343 | 32,945 |
| Other pension costs | 31,814 | 13,337 |
| 484,343 | 421,031 |
| 8 | Tangible fixe | d assets | |||||
|---|---|---|---|---|---|---|---|
| Land and | Fixtures, Motor vehicles | Total | |||||
| buildings | fittings & | ||||||
| equipment | |||||||
| P. | |||||||
| Cost | |||||||
| At 1 September 2021 | 513,784 | 184,587 | 55,511 | 753,882 | |||
| Additions | 9,610 | 24,333 | 33,943 | ||||
| At 31August | 2022 | 523,394 | 208,920 | 55,511 | 787,825 | ||
| Depreciation | and impairment | ||||||
| At 1 September 2021 | 39,664 | 62,298 | 23,007 | 124,969 | |||
| Depreciation | charged | in the year | 7,412 | 29,037 | 8,126 | 44,575 | |
| At 31August | 2022 | 47,076 | 91,335 | 31,133 | 169,544 | ||
| Carrying amount |
|||||||
| At 31August | 2022 | 476,318 | 117,585 | 24,378 | 618,281 | ||
| At 31August | 2021 | 474,120 | 122,288 | 32,504 | 628,912 | ||
| 9 | Debtors | ||||||
| 2022 | 2021 | ||||||
| Amounts falling due |
within one year: | ||||||
| Trade debtors | 6,455 | 30,885 | |||||
| Other debtors | 570 | 448 | |||||
| Prepayments | and accrued income | 66,184 | 10,368 | ||||
| 73,209 | 41,701 |
| Creditors: | amounts f |
alling due within one year | |||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Notes | E | E | |||
| Obligations | under finance leases | 7,050 | |||
| Trade creditors | 5,845 | 5,773 | |||
| Accruals and deferred | income | 3,950 | 1,930 | ||
| 9,795 | 14,753 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Notes | f | |||||
| Obligations | under | finance | leases | 18,789 |
| 13 | Analysis of net assets | between | funds | |||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Designated | Total | Unrestricted | Designated | Total | |||
| funds | funds | funds | funds | |||||
| 2022 | 2022 | 2021 | 2021 | 2021 | ||||
| F | E | F | E | |||||
| Fund balances at 31 | ||||||||
| August 2022 are | ||||||||
| represented by: |
||||||||
| Tangible assets | 618,281 | 618,281 | 628,912 | 628,912 | ||||
| Current assets/ | ||||||||
| (liabilities) | 471,509 | 631,000 | 1,102,509 | 236,673 | 446,000 | 682,673 | ||
| Long term liabilities | (18,789) | - | (18,789) | |||||
| 471,509 | 1,249,281 | 1,720,790 | 217,884 | 1,074,912 | 1,292,796 |
| 15 | Cash generated from |
operations | 2022 | 2021 | |||
| Surplus for the year |
427,994 | 244,934 | |||||
| Adjustments for: |
|||||||
| Investment income recognised in statement |
offinancial | activities | (4,449) | (1,518) | |||
| Depreciation and impairment of tangible |
fixed assets | 44,575 | 48,116 | ||||
| Movements in working |
capital: | ||||||
| (Increase)/decrease in |
debtors | (32,108) | 4,558 | ||||
| Increase/(decrease) in |
creditors | 2,091 | (990) | ||||
| Cash generated from |
operations | 438,103 | 295,100 | ||||
| 16 | Analysis ofchanges | in net funds | |||||
| At 1 September | Cash flows | At 31August | |||||
| 2021 | 2022 | ||||||
| f | F | ||||||
| Cash at bank and in hand |
655,725 | 383,370 | 1,039,095 | ||||
| Obligations under finance leases |
(25,839) | 25,839 | |||||
| 629,886 | 409,209 | 1,039,095 |