2022-07-31-accounts - North Humberside Motor Trades Group Training Association

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			Page
Report ofthe Trustees			to	8
Independent Examiner's Report
Statement ofFinancial	Activities		10
Balance Sheet
Cash Flaw Statement			12
Notes to the Cash Flow Statement			13
Notes to the Financial	Statements	14	to	24
Detailed Statement of	Financial Activities	25	to	26

Current risks:	Current risks:
- Loss of	sub contract due to poor performance	or	poor delivery
- Loss of	direct contract due to poor performance		or poor delivery
- Poor OFSTED Inspection resuking in an inadequate grade
- Poor reports from Awarding Body EQAs, due		to	poor practice resulting	in serious sanctions
- Inability	to recruit appropiiate students
- Lack of	employment opportunities for future Apprentices
- Change	in government policy
- Inability	to replace current staff
- Inability	to replace trustees
- Inability	to register on the DFE RoATP

G Tyler	Chairman
C Stancer
I Campion
A Kirk
EWells	Vice Chair AGM
RWells
J Ridsdig
P Quinlan
OfFicers
D Wigoughby	Director	ofTraining
M Crawford	Training	Manager

REFERENCE	AND ADMINISTRATIVE	DETAILS	DETAILS
Independent	Examiner
Adrian Allen FCA
ICAEW
Sowerby
Chartered Accountants
Backside Court
Annie Reed Road
Beverley
East Yorkshire
HU I7 OLF
Solicitors
Burstags Solicitors
PO Box31
Ocean Chambers
Sd Lowgate
Hull
HUI IJF
Bankers
Lloyds TSB
Silver Street
Hull
PO Box 1000
BXI ILT
NatWest
Hull City Centre Branch
34 King Edward	Street
Hull
HUI 3SS
Approved by order of the board oftrustees		on	Ig l O J l Roc-'S .........:.........................and signed on its behalf by:

							2022	2021
					Unrestricted	Restricted	Total	Total
					funds	fund	funds	funds
				Notes	6			6
INCOME AND ENDOWMENTS			FROM
Charitable activities
Provision of industdal	motor	training			401,451		401,451	409,118
Investment income					31,579		31,579	24,998
Other income					11,141		11,141	17,622
Total					444,171		444,171	451,738
EXPENDITURE ON
Charitable activities
Provision of industrial	motor	training			435,108		'135,108	415,139
NET INCOME					9,063		9,063	36,599
RECONCILIATION	OF	FUNDS
Total funds brought	forward				860,765		860,765	824,166
TOTAL FUNDS CARRIED FORWARD					869,828		869,828	860,765
CONTINUING OPERATIONS
Ag income and expenditure		has arisen	from continuing	activities.

						2022	2021
				Unrestricted	Restricted	Total	Total
				funds	fund	funds	funds
			Notes				E
FIXEDASSETS
Tangible assets			12	1,011,101		1,011,101	1,018,592
CURRENT ASSETS
Debtors			13	30,319		30,319	47,637
Cash at bank and in hand				75,608		75,608	71,063
				105,927		105,927	118,700
CREDITORS
Amounts falling due within	one year		14	(78,350)		(78,350)	(83,404)
NET CURRENT ASSETS				27,577		27,577	35,296
TOTAL ASSETSLESSCURRENT		LIABILITIES		1,038,678		1,038,678	1,053,888
CREDITORS
Amounu falling due after	more than one	year	15	(168,850)		(168,850)	(193,123)
NET ASSETS				869,828		869,828	860,765
FUNDS			19
Unrestricted funds:
General fund						869,828	860,765
TOTAL FUNDS						869,828	860.765
The financial statements	were approved	by rhe Board	of Trustees	and authorised	for issue on .........................,.J.....,.......and were signed Ial()3, ZZ
on its behalf by:

							2022	2021
						Notes		6
Cash flows from	operating		activities
Cash generated from operations							39,342	35,718
Interest paid							(2,154)	(9,540)
Interest element offinance lease payments					paid		(246)	(374)
Net cash provided	by operating		activities				36,942	25,804
Cash flows from	investing	activities
Purchase oftangible	fixed assets							(342)
Net cash provided	by/(used	in) investing		activities				(342)
Cash flows from	financing		activities
Loan repayments in year							(31,544)	(22,808)
Capital repayments	in year						(853)	(2,048)
Net cash used in financing activities							(32,397)	(24,856)
Change in cash and cash		equivalents			in the
reporting period							4,545	606
Cash and cash equivalents			at the beginning
ofthe reporting	period						71,063	70,457
Cash and cash equivalents			at the end		ofthe
reporting period							75,608	71,063

RECONCIL	IATIO	N		OF NE	T	INCOME TO NET	CASH FL	OW FROM	OPERATI	NG ACTIVITIES
										2022	2021
										6	6
Net income	for the		reporting			period (as per the Statement		ofFinancial
Activities)										9,063	36,599
Adjustments	for:
Depreciation	charges									7,491	8,530
Interest paid										2,154	9,540
Interest element of		hire		purchase		and finance lease rental	payments			246	374
Decrease/(increase)		in	debtors							17,318	(1,994)
Increase/(decrease)		in	creditors							3,070	(17,331)
Net cash provided		by		operations						39,342	35,718
ANALYSIS	OF CHANGES				IN NET DEBT
								At	I/8/21	Cash flaw	At 31/7/22
											6
Net cash
Cash at bank	and in	hand							71,063	4,545	75,608
									71,063	4,545	75,608
Debt
Finance leases									(853)	853
Debts falling due within				I year					(67,436)	7,271	(60,165)
Debts falling due after			I	year				(193,123)		24,273	(168,850)
								(261,412)		32,397	(229,015)
Total								(190,349)		36,942	(153,407)

											2022	2021
												g
Rents	received										31,379	2A990
Rent	received	is	in	respect	ofproperty	rented	to	GTA	Education	Limited.

											2022	2021
							Activity				E	E
	Government		funding				Provision	of industrial	motor training		331,591	283,173
	Private contracts						Provision	of industdal	motor training		69,860	125,945
											401,451	409, 118
4.	OTHER	INCOME
											2022	2021
											E	E
	Other income											17,622
5.	CHARITABLE			ACTIVITIES COSTS
										Dirace	Support
										Costs (see	costs(see
										note 6)	note 7)	Toads
										E
	Provision	of	industrial			motor training				279,659	155,449	435,108
6.	DIRECT	COSTSOF CHARITABLE ACTIVITIES
											2022	2021
												E
	Staff costs										221.792	214,441
	Course, examination				and registration		fees				26,667	16,661
	Trainee incentives			and		awards					30	845
	Management		charge								31,170	19,664
											279,659	251,611

							Governance
				Management	Finance	Other	costs	Totals
					6	6
Provision	of	industrial	motor
training				81,234	2,885	59,736	11,594	155,449

		2022	2021
			6
Wages	and salaries	274,755	277,684
Social	security costs	25,814	22,077
Other	pension costs	6,733	5,925
		307,302	305,686

The average	monthly number
		2022	2021
Training and	assessment	10	10
Management	and administration	2	2
		12	12

10.	COMPARATIYES FORTHE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIYES FORTHE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIYES FORTHE STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted	Restricted	Total
			funds	fund	funds
			E	E	E
	INCOME AND ENDOWMENTS	FROM
	Charitable activities
	Provision of industrial motor training		409,118		409,118
	Investment income		24,998		24,998
	Other income		17,622		17,622
	Total		451,738		451,738
	EXPENDITURE ON
	Charitable activities
	Provision of industrial motor training		415,139		415,139
	NET INCOME		36,599		36,599
	RECONCILIATION OF FUNDS
	Total funds brought forward		824,166		824,166
	TOTAL FUNDS CARRIED FORWARD		860,765		860,765
II.	INDEPENDENT EXAMINATION	FEES
	Fees paid to the independent examiner	are as follows:
	Fees charged in respect of:			2022	2021
	Independent examination ofthe financial statements			1,800	1,680
	Preparation ofthe financial statements			3,870	3,500
	Other accountancy services			0	0
	Payroll services			872	1,553
				6,542	5,490

			Fixtures
		Freehold	and	Motor	Computer
		property	fittings	vehicles	equipment	Totals
		E				E
COST
At	I August 2021 and
31	July 2022	1,000,000	57,367	4,980	85,628	1,148,175
DEPRECIATION
At	I August 2021		45,149	2,158	62,276	129,583
Charge for year			3,923	498	3,070	7,491
At	31 July 2022		49,072	2,656	85,346	137,074
NET BOOKVALUE
At	31 July 2022	1,000.0QQ	8,295	2.324	4S2	1,011,101
At	31 July 2021	1.000,000	12,218	2,822	3,552	1,018,592

DEBTO	RS:AMOUNTS FALLING DUE WITHIN ONE YE	AR
		2022	2021
			E
Trade debtors		16,967	17,941
Amounts	due from GTA Education	7,318	23,449
Prepayments		6,034	6,247
		30,319	47,637

14.	CREDIT	ORS: AMOUN		T	S	FALLING DUE WITHIN ONE Y	EA	R
								2022	2021
								6	6
	Bank loans	and overdrafts		(see note 16)				60,165	67,436
	Finance leases (see note 17)								853
	Trade creditors							312	17
	Taxation and social security							10,907	8,467
	Other creditors							6,966	6,631
								78,350	83.404
15.	CREDITORS: AMOUNTS					FALLING DUE AFTER MORE THAN ONE YEAR
								2022	2021
								6
	Bank loans	(see note 16)						168.850	193,123
Iil.	LOANS
	An analysis	ofthe maturity		of		loans is given below:
								2022	2021
								6	6
	Amounts falling due within			one year on demand:
	Bank loans							18,219	17,436
	CBI loan							41,946	50,000
								60,165	67,436
	Amounts falling between		one			and two years:
	Bank loans	- 1-2years						18,219	18.049
	Amounts falling due between					two and five years:
	Bank loans	- 2-5 years						54,657	58,042
	Amounts falling due in more				than five years:
	Repayable	by instalments:
	Bank loans	more 5 yr by instal						95,974	117,032
	The bank	loan was entered			into in 2015 with the purpose of financing		capital alterations to the investment property.
	It is for a term of 15years			and is subject to interest charges on a variable				basis.

				Finance leases	Finance leases
				2022	2021
				C
Gross	obligations		repayable:
Within	one year				1,009
Finance	charges		repayable:
Within	one year				156
Net obligations		repayable:
Within	one year				853
				Non-cancellable	operating
				leases
				2022	2021
				C
Within	one year			4,478

	2022	2021
Bank loans	229,015	260,559
Finance leases		853
	229,015	261,412

MOVEMENT	IN FUN	DS
					Net
					movement	At
				At I/8/21	in funds	31/7/22
					6	6
Unrestricted	funds
General fund				860,765	9,063	869,828
TOTAL FUNDS				860,765	9,063	869.828
Net movement	in funds,	included	in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
					6
Unrestricted	funds
General fund				444, 171	(435,108)	9,063
TOTAL FUNDS				444,171	(435,108)	9,063
Comparatives	for movement		in funds
					Net
					movement	At
				At I/8/20	in funds	31/7/21
				6		6
Unrestricted	funds
General fund				824,166	36,599	860,765
TOTAL FUNDS				824.166	36,599	860,765

						Incoming	Resources	Movement
						resources	expended	in funds
Unrestricted	funds
General fund						451,738	(415,139)	36,599
TOTAL FUNDS						451,738	(415,139)	36,599
A current year	12 months	and prior year 12months	combined	position	is as	follows:
							Net
							movement	At
						At I/8/20	in funds	31/7/22
Unrestricted	funds
General fund						824,166	45,662	869,828
TOTAL FUNDS						824,166	45,662	869,828
A current year	12 months	and prior year 12 months	combined	net movement		in funds, included	in the above are	as follows:
						Incoming	Resources	Movement
						resources	expended	in funds
Unrestricted	funds
General fund						895,909	(850,247)	45,662
TOTAL FUNDS							(850,247)	45,662

					2022	2021
						6
INCOME AND	ENDOWMENTS
Investment income
Rents received					31,579	24,998
Charitable activities
Government funding					331,591	283,173
Private contracts					69,860	125,945
					401,451	409,118
Other income
Other income					11,141	17,622
Total incoming	resources				444,171	451,738
EXPENDITURE
Charitable activities
Wages					200,778	198,237
Social security					16,132	12,112
Pensions					4,882	4,092
Course, examination		and registration		fees	26,667	16,661
Trainee incentives	and		awards		30	845
Management charge					31,170	19,664
					279,659	251,611
Support costs
Management
Wages					70,278	75,475
Social security					9,198	9,467
Pensions and heakh			insurance		1,758	1,741
					81,234	86,683
Finance
Bank charges					485	481
Carried forward					485	481

			2022	2021
Finance
Brought forward			485	481
Bank loan interest			2,154	9,540
Hire purchase			246	374
			2,885	10,395
Other
Administration	costs		29,230	29,919
Establishment	costs		23,015	15,679
Depreciation	oftangible	fixed assets	7,491	8,530
			59,736	54,128
Governance	costs
Wages			3,699	3,972
Social security			484	498
Pensions			93	92
Legal fees			440	405
Bookkeeping	fees		336	502
Independent	Examiner fees		6,542	6,853
			11,594	12,322
Total resources	expended		435,108	415,139
Net income			9,063	36,599