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|Contents|||Page|
|---|---|---|---|
|Trustees'
Annual
Report||||
|Independent|Auditors'
Report|||
|Consolidated|Statement
of Financial|Activities|12|
|Consolidated|& Charity Balance Sheets||13|
|Consolidated|Statement
of Cashflows||14|
|Notes forming|part ofthe financial statements||15|
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|Mr D Williams|(Chair)|Jaguar|Land Rover|||
|---|---|---|---|---|---|
|Ms A Chick||Jaguar|Land Rover|||
|Mrs C Barber||Jaguar|Land Rover|||
|Mr P Dhillon||Jaguar|Land Rover (appointed||24~ October 2022)|
|Mr AS Isherwood||Institute|of Student Employers|||
|Mrs M Jennings||Venues|ofExcellence|||
|Mr EJWest||AHMC||||
|The following|person acted as Company
Secretary during|||the Rnancial year:||
|Mr C Hodgson||AHMC||||
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|istered
No 00|8897|91|||||||
|---|---|---|---|---|---|---|---|---|
||||||Unrestored|Restricted|Total|Total|
||||||Funds|Funds|Funds|Funds|
||||||Year ended|Year ended|Year ended|Year ended|
|||||Notes|31 March 2023|31 March 2023|31 March 2023|31 March 2022|
|||||1(e)|||||
|Charitable
acUvlties|||||5,046,881||5,046,881|2,544,853|
|Other trading|acUvities||||129,172||129,172|125,214|
|Grants||||||||128,029|
|Investmenls|||||6,355||8.355|180|
|Other sources|(profit on disposal offixed assets)||||83||83||
|Total income|||||5,184,491||5,184,491|2,798.276|
|Chanteble
Activities|||||4,634,687|3,745|4,638,432|3,035,975|
|Raismg funds|||||63,443||63,443|50,004|
|Other|||||288,000||288,000|288,000|
|Loss on disposal
offixed assets||||||||5,034|
|Totalexpenditure|||||4,986,130|3,745|4,989,875|3,379,013|
|Net income
I|(expenditure)||for the year||198,361|(3,745)|194,616|(580,737)|
|Net movement|in funds||||198,361|(3,745)|194,616|(580,737)|
|Totat funds brought||forward|at I Apnl||5,619,571|125,535|5,745,106|6,325,843|
|Total funds cerned forward|||at 3'I March||5,817,832|121,790|5,939,722|5,745,106|
##
|Conaogdated 8Charity B|Conaogdated 8Charity B|alance Sh|eets at 31March|2023|||||
|---|---|---|---|---|---|---|---|---|
|Ashorne
Hill Management||Cogege|||||||
|Registered
No. 00889791|||||Group|Charity|Group|Charity|
||||||31 March|31 March|31 March|31 March|
|||||Noise|2023|2023|2022|2022|
|||||||E|E|E|
|Fixed Assets|||||||||
|Tangible Rxed Assets|||||4,672,832|4,672,832|4,785,891|4,785,891|
|Investments|||||||||
|Shares in Ashome|Hilt (Trading)||Ltd||||||
|Current Assets|||||||||
|Stocks||||12|55,072|55,072|62,064|62,064|
|Debtors||||13|1,084,268|1,064,268|697,001|631,521|
|Cash et bank snd|in hand||||1,898,878|1,898,876|1,620,577|1,586,055|
||||||3,018,218|3,018716|2,279,642|2279,640|
|Uabgltles:
amounts||falling due|within one||||||
|year||||14|(1,629,245)|(1,629,245)|(1,198,344)|(1,198,344)|
|Net Current Assets|||||1,388,873|1,388,9M|1,081,298|1,081,296|
|Lhbgltles: amounts||fsglng due|In more than|14|(122,083)|(122,083)|(122,083)|(122,083)|
|one year|||||||||
|Total Assets less|Uabgitles||||5,939,722|5,939,722|5,745,108|5,745,106|
|Funds|||||||||
|Unrestrkxed
Funds||||17|5,817,932|5,817,932|5,819,571|5,619,571|
|Restricted Funds||||17|121,790|121,790|125,535|125,535|
|Total Charity Funds|||||5,939,722|5,939,722|5,745,106|5,745,106|
##
##
|Consolidated
Statement|ofCashflows|ofCashflows|for|the year ended|31 March 2023||||
|---|---|---|---|---|---|---|---|---|
|Ashorne
Hill Management|College|||||Year to||Year to|
|Registered
No. 00889791||||||31 March||31 March|
|||||||2023||2022|
|||||Notes|||||
|Cash increase
/ (reduction)|from operas one|||0)||553,437||(54.200)|
|Net cash inflow
/ (outflow)
activides|provkled|by operabng||||553,437||(54,200)|
|interest received|||||8,355||180||
|Payments
to acquire tangible
fixed assets|||||(283,574)||(261,673)||
|Receipts from disposal of|tangible fixed assets||||83||||
|Net cash used in investing|activlbes|||||(275,136)||(261,493)|
|Change
in cash and cash|equivalents|in ihe|||||||
|reporting
period||||||278,301||(315,693)|
|Analysis ofcash and cash equivalents|||||||||
|Cash and cash equivalents|at the beginning|||of|||||
|die reponirig
period||||||1,620,577||1,936,270|
|Cash and cash equivalents|at the end ofthe||||||||
|reporting
penod||||||1,898,878||1,620,577|
|Notes to Statement
of Cashflows|||||||||
|||||||Year to||Year to|
|||||||31 March||31 March|
|||||||2023||2022|
|||||||8||6|
|Net income
/ (expenditure)||||||194,616||(580,737)|
|Interest receivable||||||(8,355)||(180)|
|Depreciation
charges
(Profit)
/ Loss on disposal|of fixed assets|||||396,633
(83)||414,178
5,034|
|Decrease
/ (increase)
in stocks
Increase
in debtors||||||6,992
(457,267)||(54,302)
(366,951)|
|increase
in creditors||||||430,901||528,758|
|Cash reduction
from operations||||||553,437||(54,200)|
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||||||Unrestricted||Restricted|||
|---|---|---|---|---|---|---|---|---|---|
||||||Funds||Funds|||
||||Basis of
Allocauon|Cost of
Generating
Funds|Training
Courses|Conference
Faoaues|Conference
Faolities|2022-23
Total|2021-22
Total|
|Costs directly allocated||||||||||
|to activities||||||||||
|Traming|||Direct||521,436|||521,436|347,368|
|Conferendng|||Direct|||2,032,347||2,D32,347|1,152,524|
|Costs allocated|to|||||||||
|activities||||||||||
|General
office/admin||staff||3,864|191,247|191,247||386,358|3'l4,768|
|Office costs||||996|49,312|49,312||99,620|77,584|
|Residences||||31,499||||31,499|12,795|
|Rent||||1,414|1,665|29.209||32,288|32,00D|
|Depredation|||Usage|7,933|39,663|345,292|3,745|396,633|414,178|
||||Floor|||||||
|Legal & Professional|||Area|1,391|68,865|68,865||139,121|91,992|
|Utilities|||usage|16,227|19,110|335,21 0||370,547|201,976|
|Business Development|||Turnover||113,261|113,261||226,522|112,958|
||||Floor|||||||
|Operauons
Planning|||Area|||200,228||200,228|143,964|
||||staff|||||||
|Estates Maintenance|||Time||13,660|239,617||253,277|171,872|
||||stair|||||||
|Governance|||Time|120|5,940|5,940||12,000|12,000|
|Totals||||63,444|1,024,159|3,610,528|3,745|4,701,876|3,085,979|
|5.
Other expenditure||||||||||
||||||2022-23||2021-22|||
||||||||5|||
|Finance|lease interest payable||||288,000||288,000|||
|6.
Net|income for the Year|||||||||
|This is stated after charging:|||||2022-23||2021-22|||
||||||||5|||
|Depreciation|on|owned|assets||396,633||410,433|||
|Depreciation|on|leased|assets|||1,235|1,235|||
|Auditors'
remuneration|||- Audit services||12,000||12,000|||
||||- Other|||2,300|1,250|||
##
|otal staff co|sts ofthe Group comp|rised:||
|---|---|---|---|
|||Year ended|Yearended|
|||31 March 2023f|31 March 2022f|
|Salaries and wages (i)||1,974,660|1,441,621|
|Employer's|NI costs|172,780|128,211|
|Pension costs||116,015|91,083|
|||2,263,455|1,660,915|
|oyees
w
lows:|hos|e emoluments
exce|eded the annua|l
rate ofF60,000|during the period w|
|---|---|---|---|---|---|
|||||Year ended|Year ended|
||||31|March 2023|31 March 2022|
|||||Number|Number|
|f60,001|to|870,000||3|2|
|verage|number|ofpersons
employe|d
during the year was:||
|---|---|---|---|---|
||||Year ended|Year ended|
||||31 March 2023|31 March 2022|
||||Number|Number|
|Training|Consultants||4|3|
|Other full-time||employees|56|42|
|Other part-time||employees|22|15|
||||82|60|
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|Ashorne
Hill (Trading)|(com|pany
registration
N|o: 05335543):|||
|---|---|---|---|---|---|
|||2022-23|Balance at|2021-22|Balance at|
|||Transactions|31 March|Transactions|31 March|
||||2023||2022|
|Charges to Ashorne
(Trading) for services|Hill|14,694||9,758||
|Amounts
owed by
Ashome
Hill (Trading)|||79,242||34,520|
|Charges to Jaguar Land||||||
|Rover for courses and||1,281,787|368,695|459,966|176,144|
|services||||||
|Charges to other Tata
Group companies
for||18,388|16,034|6,631|7,957|
|courses and services||||||
|Services supplied
by
Jaguar Land Rover||320,000|63,000|320,000||
|Services supplied
by
Venues of Excellence||1,608||7,925|4,671|
##
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|11.
Tangible
Fixed Asset|s||||
|---|---|---|---|---|
|Group and Charity|Total|Long Leasehold
Property|Fixtures, Fittings
8 Equipment|Motor
Vehicles|
|At 1 April 2022|11,658,250|6,613,065|4,995,583|49,602|
|Additions|283,574||273,010|10,564|
|Disposals|(44,686)||(44,686)||
|At 31 March 2023|11,897,138|6,613,065|5,223,907|60,166|
|Accumulated
Depreciation|||||
|At 1 April 2022|6,872,359|2,689,486|4,145,849|37,024|
|Charge for year|396,633|114,385|276,648|5,600|
|Disposale|(44,686)||(44,686)||
|At 31 March 2023|7,224,306|2,803,871|4,377,811|42,624|
|Net Book Value|||||
|At 31 March 2023
At 31 March 2022|4672 832
~1|~9194
3993|~8460
849734|17542|
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||||31Mar 2023|31 Mar 2023|31Mar 2022|31 Mar 2022|
|---|---|---|---|---|---|---|
||||Groupf|Charityf|Groupf|Charity|
|Trade Debtors|||733,858|733,858|504,572|504,572|
|Prepayments||&Accrued Income|330,410|330,410|92,429|92,429|
|Amount|due from subsidiary|||||34,520|
||||1,064,268|1,064,268|597,001|631,521|
##
|14.
C|reditors: Amounts
Falli|ng Due within
On|e Year|||
|---|---|---|---|---|---|
|||31 Mar 2023|31 Mar 2023|31 Mar 2022|31 Mar 2022|
|||Group|Charity|Groupf|Charityf|
|Trade Creditors||252,874|252,874|159,230|159,230|
|Accruals||1,148,963|1,148,963|900,062|900,062|
|Deferred|income|2,429|2,429|31,151|31,151|
|Other taxes &social security||224,980|224,980|107,901|107,901|
|||1,629,246|1,629,246|1,198,344|1,198,344|
|f17,751|)and other charge|s
billed
in advance
of|f2,429(2022:f3,380).||
|---|---|---|---|---|
|Defened|income —Group|& Charity|2022-23|2021-22|
|Balance|at 1 April||31,151|53,835|
|Amount|released||(31,151)|(52,795)|
|Amount|deferred||2,429|30,101|
|Balance|at 31 March||2,429|31,151|
||||31|Mar 2023|31 Mar 2023|31Mar 2022|31Mar 2022|
|---|---|---|---|---|---|---|---|
|||||Group
f|Charity
f|Group
f|Charity
f|
|Finance|lease|creditor||122,083|122,083|122,083|122,083|
|||||122,083|122,083|122,083|122,083|
##
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|Finance lease|Finance lease|||||||||
|---|---|---|---|---|---|---|---|---|---|
|Obligations
under||a finance
lease are|||secured|by the|related
assets|and|bear finance|
|charges at a rate of||235.5% per annum||(2021-22;||235.5%|per annum).|||
||||||||2022-23||2021-22|
||||||||F||6|
|The total future|minimum||lease payments||are payable:|||||
|Less than one|year||||||288,000||288,000|
|Between one and five years|||||||1,152,000||1,152,000|
|After five years|||||||11,232,000||11,520,000|
||||||||12,672,000||12,960,000|
|Less: Future finance||charges|||||(12,549,917)||(12,837,917)|
||||||||122,083||122,083|
##
|Group at 31 March 2023|General|Building|Development|Restricted|Total|
|---|---|---|---|---|---|
|6|Funds|Reserve|Fund|Capital|Funds|
|||||Fund||
|Fixed Assets & Investments|4,551,042|||121,790|4,672,832|
|Current Assets|1,556,268|1,300,000|161,950||3,018,218|
|Current
Liabilities|(1,629,245)||||(1,629,245)|
|Long-term
Liabilities|(122,083)||||(122,083)|
|At 31 March 2023|4,355,982|1,300,000|161,950|121,790|5,939,722|
|Group at 31 March 2022
f|General
Funds|Building
Reserve|Development
Fund|Restricted
Capital Fund|Total
Funds|
|Fixed Assets 8 Investments|4,660,356|||125,535|4,785,891|
|Current Assets|817,692|1,300,000|161,950||2,279,642|
|Current
Liabilities|(1,198,344)||||(1,198,344|
||||||)|
|Long-term
Liabilities|(122,083)||||(122,083)|
|At 31 March 2022|4,157,621|1,300,000|161,950|125,535|5,745,106|
##
##
|15.
Anal|ysis
of Net Asse|ysis
of Net Asse|ts Between F|unds (contin|ued)|||
|---|---|---|---|---|---|---|---|
|Company
at|31 March 2023|||||||
|6|||General|Building|Development|Restricted|Total|
||||Funds|Reserve|Fund|Capital|Funds|
|||||||Fund||
|Fixed Assets 8 Investments|||4,551,044|||121,790|4,672,834|
|Current Assets|||1,556,266|1,300,000|161,950||3,018,216|
|Current
Liabilities|||(1,629,245)||||(1,629,245)|
|Long-term
Liabilities|||(122,083)||||(122,083)|
|At 31 March|2023||4,355,982|1,300,000|161,950|121,790|5,939,722|
|Company
at 31 March 2022||||||||
||||General|Building|Development|Restncted|Total|
||||Funds|Reserve|Fund|Capital|Funds|
|||||||Fund||
|Fixed Assets|& Investments||4,660,356|||125,535|4,785,891|
|Current Assets|||817,692|1,300,000|161,950||2,279,642|
|Current
Liabilities|||(1,198,344)||||(1,198,344)|
|Long-term
Liabilities|||(122,083)||||(122,083)|
|At 31 March|2022||4,157,621|1,300,000|161,950|125,535|5,745,106|
|18.
Movements||in Funds||||||
|Group|||General|Building|Development|Restricted|Total|
||||Funds|Reserve|Fund|Capital|Funds|
|||||||Fund||
|At 1 April 2022|||4,157,621|1,300,000|161,950|125,535|5,745,106|
|Income|||5,184,492||||5,184,492|
|Expenditure|||(4,986,131)|||(3,745)|(4,989,876)|
|At 31 March|2023||4,355,982|1,300,000|161,950|121,790|5,939,722|
|Charity|||General|Building|Development|Restricted|Total|
||||Funds|Reserve|Fund|Capital|Funds|
|||||||Fund||
|At 1 April 2022|||4,157,621|1,300,000|161,950|125,535|5,745,106|
|Income|||5,169,798||||5,169,798|
|Expenditure|||(4,971,437)|||(3,745)|(4,975,182)|
|At 31 March|2023||4,355,982|1,300,000|161,950|121,790|5,939,722|
##
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||||31 March|2022|31 March|2021|
|---|---|---|---|---|---|---|
||||Land|Other|Land|Other|
|Payments|within one year||32,000|5,040|32,000|5,040|
|Payments|between|two and five years|128,000|6,500|128,000|11,141|
|Payments|in over five years||1,264,000||1,296,000||
||||1,424,000|11,540|1,456,000|16,181|
##
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|Income and Expenditure
Turnover|Account|(K)||2022-23
93,936|2021-22
97,618|
|---|---|---|---|---|---|
|Operating
costs including|administration||charge|(14,694)|(12,759)|
|Operating
Profit/ (Ioss)||||79,242||
|(Loss) / Profit for the year||||79,242|84,859|
|Gift Aid donation
to parent|undertaking|||(79,242)|(80,277)|
|Retained
in subsidiary|||||4,582|
|Balance Sheet||||31 Mar 2023|31Mar 2022|
|||||E|6|
|Cunent assets||||79,244|34,522|
|Current
liabilities||||(79,242)|(34,520)|
|Net (liabilities)
/ assets||||||
|Celled up share capital||||||
|Profit and loss account||||||
|Reserves||||||