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|---|---|---|---|---|
|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|
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|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||||
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|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|
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|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:|
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||||||||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.|||||
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|||||||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:||||||||
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||||||||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|
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|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)|
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||||||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||g|
|Rents|received||||||||||31,379|2A990|
|Rent|received|is|in|respect|ofproperty|rented|to|GTA|Education|Limited.|||
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||||||||||||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|
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||||||||Governance||
|---|---|---|---|---|---|---|---|---|
|||||Management|Finance|Other|costs|Totals|
||||||6|6|||
|Provision|of|industrial|motor||||||
|training||||81,234|2,885|59,736|11,594|155,449|
##
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##
|||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|of employees|during the year was as follows:|||
|---|---|---|---|---|---|
|||||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|
##
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||||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|
##
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|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|
##
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|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|
##
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||||||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|