Charity registration number 801260
Company registration number 02326382 (England and Wales)
MTC LEARNING
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

MTC LEARNING
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Dr L Mccalman
Ms H Mccafferty
Mr M Naeem
Mr T Wheeler
Charity number
801260
Company number
02326382
Registered office
Alison House, Flrsl Floor
638 High Road
Leylonslone
England
E1130A
Auditor
MUS Accounlanls Limited
268 Bath Road, Regus
Office 146
Slough
SL14DX

MTC LEARNING
CONTENTS
Page
Trustees report
Independent audilovs report
Statement of financial activities
Balance sheet
Statement of cash flows
Notes to the financial statements
10-17

MTC LEARNING
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 JULY 2024
The trustees present their annual report and financial statements for the year ended 31 July 2024.
The financial slalemenls have been prepared in accordance with the 8c¢ounling policies sel out in note 1 to the
financial statements and comply with the charity's Igoverning documenll, the Companies Act 2006 and Accounting
and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charitie5 preparing their accounts in
a¢cordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)"
leffeclive 1 January 2019).
Objectlves and actlvltles
In setting our objectives and alms the trustees have given careful consideration to the Charlty Commlsslon's
guidance on public benefit. The Charity Is commilled lo provide, promote and assist in the provision of education
and training, including vocallonal tralning and the special needs of migrant workers (including refugees) and their
families.
Slgnlflcant a¢tlvltles:
MTC Learning continued lo arrange suitable academlc Iralnlng for mlgranl and refugee communities. The charity
has renewed ils contracts with educational eslablishmenls All Incomlng resources from Iralning activities during the
year derived from these contracts.
Public benefit
The Iruslees have paid due regard to guidance issued by the Charity Commlsslon In deciding whal activities the
charity should undertake.
Achlevements and performance
Significanl 8clivilies and achi8vgm8nls against obj8cliv8S
Charltable actlvltles
The Iruslees are pleased wllh the achlevemenls of the charitable activllies to dale, bul would like lo expand the
training opportunities where possible beyond those currently in place in order to further accommodate the projected
rise in the numbers.
Internal and external factors
The trustees have made a full assessment of the internal and external factors Ihal may affect these financial
statements and do not deem any factors material enough to have an impact,
Flnanclal revlew
R8S8IV8s policy
11 is the policy of the charity Ihal unreslricled funds which have not been designated for a specific use should be
maintained at a level equivalent lo Ihe annual expenditure of the charity. The trustees consider that reserves al this
level will ensLFre that, in the event of a significant drop in funding, they will be able lo continue the charity's current
activities while consideration is given to ways in which additional funds may be raised. The charity needs these
ready funds to commence new courses and also lo meet the financial commitments under property rental
agreements, and under contracts of employment. The trustees consider that the level of reserve funds reduces risk
to the stakeholders of the charity going forward.
The charity ¢onslders Ihat the present level of funding is adequat8 to support Ihe conlinualion of training courses in
operation for the medium term, lo allow for fluctuation in public funding of adult learning 8nd colleagues. The
trustees th&refore consider the overall financial position of the charity lo be satisfactory.
This level of reseNes has been maintained throughout the year.
Plans for future period5
MTC learning considers that il is well placed lo be able to meet the demands for the training opportunities which are
available.

MTC LEARNING
TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JULY2024
The board of trustees has examined the level of reserves required by the charity in view of the main risks to the
organisalion. In the trustees, view, the reserves provide the charity with adequate financial stability and the means
for it lo meet its charitable objectives for the foreseeable future and to invest in the long-lerm viability and
development of the Charily. The free reserves have been designated as follow5.'
1. Working Capital lunreslilcled reseNes).' £450,00
2. Legal Fees: £20,000
3. Busin@ss development consultancy.. £80,000
4. IT and Communication Reserve.. £50.000
Deslgnated Total: £600,000
Structurei governance and management
The charity is a company limited by guarantee and controlled by ils governing documenl, the memorandum and
articles of association.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to
the dale of signature of the financial slalemenls were.,
Dr L Mccalman
Ms H Mccafferty
Mr M Naeem
Mr T Wheeler
Recruitment 8nd 8ppointment of frustg9s
There has been an average of 4 trustees throughout the period. Any new appointments are al the recommendation
of the board. In accordance wSlh the artlcles of association, all trustees will retire 81 the forthcoming annual g8neral
meeting and, being eligible, will sland for re-election.
Inductlon and tralnlng of new trustee5
All new trustees are given, in the view of the board, sufficient trainlng and have enough knowledge of Ihelr speclfic
rield to understand the nature of the charity and fully Comply with the ¢harily's current views of ils progression. They
are required lo ensure that they are aware of both their legal and professional responsibilities under charity and
company law.
Org8nis8tion81 slruGture

MTC LEARNING
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
Statement of Trustees responsibilities
The trustees, who are also the directors of MTC LEARNING for the purpose of company law. are responsible for
preparing the Trustees Report and the financial statements in accordance with applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requir8S the trustees to prepare financial slalements for each financial year which give a true and fair
view of the slate of affairs of the charity and of the incoming resources and application of resources, Including the
income and expenditure, of the charitable company for that year.
In preparing these financial slalemenls, the Iruslees are required lo..
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates thal are reasonable and prud8nl',
sla18 whelh8r applicable UK Accounllng Standards have been followed, subject lo any material departures
disclosed and explained in the financial slalemenls., and
prepare the financial slalements on the golng concern basis unless It is inappropriate lo presume that the charity
will continue in operation.
The trustees are fesponslble for keeping adequate accountlng records that disclose with reasonable accuracy al
any tim& the financial position of the Charity and enable them to ensure that the financial slalemenls comply with the
Companles Act 2006. They are also responsible for safeguarding the assets of the charity and hence for laklng
reasonable steps for the prevention and detection of fraud and other irre9ularilies.
Audltor
In accordance with the company's articles, a resolution proposlng that MUS Accounlanls Llmited be reappolnted as
auditor of the company wlll be pul at a General Meeting.
The Trust
ort was approved by the Board of Trustees.
Dr L Mccalman
Trustee
eel
Trustee
17 April 2025

MTC LEARNING
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF MTC LEARNING
Opinion
We have audited the financial slalemenls of MTC LEARNING (the 'charity') for the year ended 31 July 2024 which
Comprise the slalemenl of financial aclivilies, the balance sheet, the statement of cash flows and notes lo the
financial statements, including significant accounting polici&s. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102 The Financial Reporting Standard 8pplicabl8 in the UK and Republic ol Ireland (United
Klngdom Generally Accepted Accounting Practice).
In our oplnlon, the financial slalemenls..
give a true and fair view of the slate of the charitable company's affairs as at 31 July 2024 and of ils incoming
resources and application of resources, for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Pracllce;
and
have been prepared In accordance with the requirements of the Companies Acl 2006.
Basls for oplnlon
We conducted our audit In accordance w51h Inlernallonal Standards on Auditing (UK) (ISAS (UKI) and appllcable
law. Our responsibilities Ltnder those standards are further described in the Auditorfs r8sponsibililios for the audil of
Ihe financi81 slaf8m8nls seclion of our report. We are independent of the Charity in accordance with the ethical
requirements that are relevant lo our audit of the financial statements in the UK. including the FRC'S Ethical
Standard, 2nd we have fulfilled our other ethical responsibililles in accordance with these requirements. We believe
that the audit evldence we have obtalned Is sufficient and appropriate lo provide a bas15 for our oplnlon.
Concluslons relatlng to golng concern
In auditing the financial slatemenls, we have concluded that the Trustees use of the going concern basls of
accounting in the preparation of the financlal statements Is approprlate.
Based on the work we have performed, we have not Identified any material uncertalntles relallng to events or
conditions that, individually or collectively, may cast significant doubl on the charity's ability lo continue as a golng
concern for a period of al least twelve months from when the financial slalements are aulhorised for issue.
Our responsibilities and the responsibilities of the Iruste8s wllh respect to golng concern are descrlbed In Ihe
relevant sections of this report.
Other Informatlon
The other information comprises the information included in the annual report other than the financial statements
and our audilols r8POrt Ihereon. The trustees are responsible for Ihe other information contained within the annual
report. Our opinion on the financial statements does not cover the other information and we do not express any form
of assurance conclusion Ihereon. Our responsibility is to read the other information and, in doing so, consider
whether the other information is materially inconsistent with the financial statements or our knowledge obtained in
the course of the audit, or otherwise appears to be materially misstated. If we idenlify such material inconsistencies
or apparent material misstatements, we are required lo determine whether this gives rise lo a material misslatemenl
in the financial slalemenls themselves. If, based on the work we have performed, we conclude that there is a
material misslalement of this other information, we are required to report Ihat fact.
Wè have nothlng to report in thls regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation lo which the Charities (Accounls and
Reports) Regulations 2008 require us lo report to you if, in our opinion:
the information given in the financial slalements is inconsislenl in any material respect with the Trustees
report-, or
sufficient accounting records have not been kept. or
the financial statements are not in agreement with the accounting records., or
we have not received all the information and explanations we require for our audit.

MTC LEARNING
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF MTC LEARNING
Responsibllities of trustees
As explained more fully in the slalement of Trustees responsibilities, the trustees, who are also the directors of the
charity for the purpose of company law, are responsible for the preparation of Ihe financial statements and for being
satisfied that th@y give a true and fair view, and for such internal Control as the Iruslees determine is necessary to
enable the preparation of financial slal@menls that are flee from material misstatement, whether due lo fraud or
error. In preparing the financial slalemenls, the Irusteos are responsible for assessing the charity's ability to
continue as a going concern, disclosing, as applicable, mallers related lo going concern and using the going
concern basis of accounting unless the Iruslees either intend to liquidate the charitable company or to cease
operations, or have no realistic alternative bul to do so.
Audltor's responsibilities for the audit of the financlal statements
We have been appointed as auditor under section 144 of the Charitles Act 2011 and report in accordance with the
Act and relevant regulations made or having effect thereunder.
Our objectives are lo obtain reasonable assurance about whether Ihe financial statements as a whole are free from
material misslalemenl, whether due lo fraud or error, and to issue an auditor's report that includes our opinion.
Reasonable assurance Is a high level of assurance bul is not a guarantee Ihal an audit conducted In accordance
with ISAS (UK) will always dele¢l a material missl8lemenl when it exists. Misstalemenls can aris8 from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably be expected to influenc8
the economic decislons of users taken on the basis of these financial slalemenls.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures In
line with our responsibilities, outlined above, lo delect material misslalemenls in respect of irregularities, including
fraud. The extent lo whlch our procedures are capable of detecting irregularities, including fraud, 15 detailed below.
Our approach to Idenlifylng and assesslng the rlsks of materlal misslatemenl In respect of Irregularities, Includlng
fraud and noncompliance with laws and regulations, was as follows..
the engagement partner ensured that the engagement team collecllvely had Ihe appropriate competence.,
c8pabililies and skills to identify or recognise non-compliance with applicable laws and regulations.,
we identified the laws and regulations applicable lo the Charity through discussions with Irustees and other
management, and from our commercial knowledge and experience of the sector., and
we focused on specific laws and regulations which we considered may have a direct material effect on the
financial slalem@nts or the operations of Ihe charity. Including the SORP, laxalion legislation 8nd data
protection, anli-bribery, employment, environmental and health and safety legislation.
We also considered potential fraud drivers.. including financial or other pressures, opportunity, override of canlrols
and personal or corporate motivations. We Considered the programmes and conlrols that the charity has
established lo address risks identified, or that otherwise prevent, deter and delecl fraud. Where the risk was
considered lo be higher, we performed audit procedures lo address each identified fraud risk. These procedures
Included testing journals, evaluating the business rationale of significant transactions outside the normal course of
business and validating the appropriateness of internal controls and significant accounting eslimalions based on our
fraud risk criteria;
We assessed the susceptibility of the company's financial slalem&nts to material misstatement, including obtaining
an understanding of how fraud might oc¢ur, by..
making enquiries of management as to where they considered there was susceptibility to fraud, Iheir
knowledge of actual, suspected and alleged fraud,. and
considering the internal Gonlrols in place to mitigate risks of fraud and non-compliance with laws and
regulations.
To address the risk of fraud through management bias and override of controls, we..
performed analytical procedures lo identify any LFnusual or unexpeGted relationships.,
tested journal entries to identify unusual Iransaclions-,
assessed whether judgements and assumptions made in determining the accounting estimates set out in
nole 2 were indicative of potential bias.. and
investigated the rationale behind significant or unusual transactions.

MTC LEARNING
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF MTC LEARNING
In response to the risk of irregularili&s and non-compliance with laws and regulations, we designed procedures
which included, bul were not limited to..
agreeing financial slalemenl disclosures to underlying supporting documentation.,
enquiring of management as to actual and potential Illigation and claims.
We obtained understanding of the legal and regulatory frameworks that are applicable lo the company and
determined that the most significant are Ihose related lo the financial reporting framework, tax regulations in the
jurisdictions in which the charity operates.
Based on this underslandlng we designed our audit procedures lo Identify non-compliance with laws and
regulations. Our procedures involved.. making enquiries of management, those responsible for legal and compliance
procedures and reviewlng other correspondence.
There are Inherent Ilmllalions In the audit procedures described above. We are less likely lo become aware of
instances of non.complian¢e with laws and regulations that are not Closely related to events and transactions
reflected in the financial slalements. Also the risk of not delecling a material mlsslalemenl due lo fraud Is higher
than the risk of not delecling one resulting from error, as fraud may involve deliberate concealment by, for example,
forgery, mlsrepresenlalions or through collusion.
A further description of our responsibilities Is avallable on the Financial Reporting Councll's webslle al.. hllPS'.11
www.frc.org.uklaudilorsresponsibililiès. Th15 description forms part of our auditor's report.
Use of our report
This report is made solely lo the company's members, as a body, In accordance with section 391 of the Companles
Act 2014. Our audit work has been undertaken so that we might slate lo the company's members Ih05e matters we
are required to slate to them in an audilorfs report and for no other purpose. To the fullest exlenl permitted by law,
we do not accept or assume responsibility lo anyone other than the company and the company's members as a
body, for our audit work, for this report, or for Ihe opinions we have formed.
Mr Muhammad Salar
raln FCCA (Senlor Ststutory Auditor)
for and on behalf of MUS Accountants Llmlted
Chartered Certlfled Ac¢ountants and
Statutory Auditor
268 Bath Road, Regus
Office 146
Slough
SL14DX

MTC LEARNING
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JULY 2024
Unrestrlcted Unrestricted
fundg
funds
2024
2023
Note5
Income from:
Charitable activities
Inveslm8nls
241,075
10,919
394,728
6,063
Total Income
251,994
400,791
Expendlture on:
Charitable activilles
423,086
520,422
Total exp&ndlture
423,066
520,422
Net expendltura and movement In funds
(171,072)
(119,6311
Reconclllatlon of funds:
Fund balances at 1 August 2023
785,692
905,323
Fund balances at 31 July 2024
614,620
785,692
The statement of financial activities Includes all galns and losses recognised in the year. All income and expenditure
derive from continuing activities.

MTC LEARNING
BALANCE SHEET
ASAT31 JULY2024
2024
2023
Notes
Current assets
Debtors
Cash al bank and In hand
11
153,676
488,889
82,722
712,294
642,565
795,016
Creditors: amounts falling due withln
one year
12
(27,945)
(9,3241
Net current assets
614,620
785,692
Net assets excludlng penslon Ilablllty
614,620
785,692
The funds of the charlty
Unr8slric18d funds
614,620
785,692
614,620
785,692
The company Is entitled to the exemption from the audit requirement conlalned In sectlon 477 of the Companles Act
2006, for the year ended 31 July 2024, although an audit has been carried out under section 144 of the Charities
Act2011.
The directors acknowledge their responsibilities for complylng wlth the requirements of the Companles AGI 2006
with respect lo accounling records and the preparation of financial slatemenls.
The members have not required the company lo obtain an audit of ils financial slalements under Ihe requirements
of the Companies Act 2006, for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
The fin
ial stat
enls were approved by the trustees o
17 Aprll 2025
Dr L Mccalman
Trustee
Trustee
Company registration number 02326382 (England and Wales)

MTC LEARNING
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JULY 2024
2024
2023
Notes
Cash flows from operating actIvI￿eS
Cash (absorbed byllgeneraled from
operations
17
(234,3241
155
Investlng actlvltles
Investment income received
10,919
6,063
Net ¢ash generated from Investlng
actlvltles
10,919
6,063
Net cash used In flnanclng actlvltlos
Net Idecreaselllncrea88 In cash and cash
equlvalents
{223,405)
6,218
Cash and cash equivalents al beginning of year
712,294
706,076
Cash and cash equlvalents at end of year
488,889
712,294

MTC LEARNING
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
A¢¢ounting policies
Charity information
MTC LEARNING is a private company limited by guarantee incorporated In England and Wales. The
registered office Is Alison House, First Floor, 638 High Road, Leyionstone, E113DA, England,
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's Igoverning document], the
Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in th8 UK and Republic of
Ireland I'FRS 102") and the Charities SORP "Accounting and Reporting by Charities: Slalemenl of
Recommended Practice applicable lo charities preparing Ihelr accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 {effeclive 1 January 2019). The
charity is a Public Benefit Entity as defined by FRS 102.
The financial slalements are prepared in sterling, which is the functional currency of the charity. Mon8tary
amounts In these financial slalements are rounded to the nearest £,
The financlal statements have been prepared under the historical cost convenllon, Imodified to Includ8 th8
revaluation of freehold properties and to include investment properties and certain financial instruments at fair
valuel. The principal accounting policies adopted are set out below,
1.2 Golng concern
Al the lime of approving the financial slatemenls, the trustees have a reasonable expectation that the charity
has adequate resources lo continue in operational existence for the foreseeable future. Thus Ihe trustees
continue to adopt the going concern basis of accounting in preparing the financial slalemenls,
1.3 Charltable funds
Unreslricled funds are available for use at th8 discretlon of the twstees In furtherance of their charitable
objectives.
Reslricled funds are subject lo specific conditions by donors or grantors as lo how they may be used. The
purposes and uses of the reslricled funds are set out in the noles lo the financial slatemenls.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the
charity.
1.4 Income
Income is recognised when the charity is legally entitled to il after any performance condltions have been mel,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of covenant is re¢ognlsed at Ihe tlme of the donation.
Legacles are re¢ognised on recelpt or othemise if the charity has been notified of an impending distribution,
the amount is known, and receipt is expected. If the amount is not known, the legacy is Irealed as
contingent assèt.
10

MTC LEARNING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
Accounting policies
Icontlnued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefil to a
third party, it is probable that a transfer of economic benefits will be requlred in settlement, and the amount of
Ihe obligation can be measured reliably.
Expenditure is classified by aclivily. The costs of each activity are made up of the total of direct costs and
shared costs, including support costs involved in undertaking each activity. Direct costs altribulable to a single
activity are allocated directly lo that activity. Shared costs which contribute to more Ihan one activity and
support costs which ar& not attributable to a single activity are apportioned between those activities on a basis
consislenl with the use of resources. Central staff costs are allocated on the basis of lime spent, and
depreciation charges are allocated on the portion of the asset's use.
1.6 Tangibl& fixed assets
Tangible fix@d assets are inltlally measured 81 cost and subsequently measured at cost or valuation, nel of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuatlon of assets less thelr residual values over thelr
useful lives on the following bases..
Flxtures and fillings
Computers
20ts￿ on Cost
33Ph on ¢051
The galn or loss arlslng on the disposal of an asset Is determined as the difference between the sale proceeds
and the carrying value of the asset, and Is recognised in the slalemenl of financial activities.
1.7 Cash and cash equlvalents
Cash and Cash equivalents include cash in hand, deposits held al call wlth banks, other short-term liquid
Investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.8 Flnanclal Instruments
The charity has elected to apply the provlslons of Sectlon 11 '8aslc Flnancial Instrumenls, 8nd Section 12
'Olher Flnanclal Inslrumenls Issues, of FRS 102 to all of ils financial instruments.
Financial instruments are recognised in th8 charity's balance sheet when the charity becomes party lo the
contractual provisions of the inslrumenl.
Financlal assets and Ilabilitles are offset, with the nel amounts presented in the financial statem8nls, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to sellle on a net
basis or to realise the asset and settle the liability simultaneously.
Baslc flnanclal assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured al
transaction price including transaction costs and are subsequently carried al amortised cost using the effective
interest method unless the arrangement conslitules a financing transaction, where the transaction is
measured al the present value of the future receipts discounted al a market rate of interest. Financial assets
dassified as receivable within one year are not amortised.
11

MTC LEARNING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
Accounting policies
(Continued)
Baslc financlal Ilabllltles
Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless
the arrangement constitutes a financing transaclion, where the debt instrument is measured al the present
value of the future payments discounted at a market rale of interest. Financial liabilities Classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rale method.
Trade creditors are obligations to pay for goods or services Ihal have been 8cquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
y@ar or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially 81
transaction price and subsequently measured at amortised cost uslng the effective interest method.
Derecognltlon of flnanclal Ilabllitles
Flnancial liabilities are derecognised when the charity's contractual obllgallons explre or are discharged or
cancelled.
1.9 Employee beneflts
The cost of any unused holiday enlillement Is recognised in the period in whSch the employee's services are
recelved.
Termlnallon benefils are recognised Immediately as an expense when the charity Is demonstrably commllled
to terminate the employment of an employee or lo provide lermlnalion benefits.
1.10 Retlrement benellts
Payments to defined conlributlon retirement benefit schemes are charged as an expense as they fall due,
Crltlcal accountlng estlmates and Judgements
In the application of the charity's accounting policies, the trustees are required lo make ludgemenls, estlmales
and assumptions about the Carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other fadors th81
are considered lo be relevant. Actual results may differ from Ih8S8 estimates.
The estimates and underlying assumptions are reviewed on an ongoing basls. Revisions lo accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only thal
period, or in the period of the revision and future periods where the revision affects both current and future
periods,
Income from charitable activities
Unrestricted Unrestricted
funds
funds
2024
2023
Charitable income direct training
Services provided under contract
241,075
394,728
12-

MTC LEARNING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
Income from investments
Unrestrlcted Unrestricted
funds
funds
2024
2023
Interest receivable
10,919
6,063
Charitsble activities
Charitsble Charltable
Expenditure Expenditura
Dlre¢t
Direct
tralnlng
tralnlng
2024
2023
Staff costs
Depreciation and Impalrmenl
Staffing expense
Telecommunication
Light & heat
Insurance
Awardlng body fee
Consultancy
Rent
Bank charges
Other charitable expenditure
226,659
282,742
856
3,431
3,473
6,582
13,487
18,354
33,735
60,103
60
10,443
6,164
3,815
11,027
12,574
7,615
32,409
51,433
80
5,531
357,287
433,266
Share of support costs (see note 61
Share of governance Costs (see note 6)
56,698
9,081
76,803
10,353
423,086
520,422
13-

MTC LEARNING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY2024
Support costs allocated to activities
2024
2023
Printing, postage, stationery and computer and other expenses
Advertising
Governance costs
56,698
72,825
3,978
10,353
9,081
65,779
87,156
Analysed betrNeen:
Charitable activities
65,779
87,156
2024
2023
Governance costs comprlse:
Audit fees
Legal and professional
9,081
8,218
2,135
9,081
10,353
Net movement In funds
2024
2023
The nel movement In funds Is slated after charglngll¢reditingl'.
Fees payable for the audit of the charity's finan¢lal statements
Depreciation of owned tangible fixed assets
9,081
8,218
856
Trustee8
None of the trustees (or any persons connected with Iheml received any remuneration or benefits from the
charity during Ihe year.
Employees
The average monthly number of employees during the year was:
2024
Number
2023
Number
10
14-

MTC LEARNING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
Employee5
(Continued)
Employment Costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
192,253
21,697
12,709
250,787
21,716
10,239
228,659
282,742
There were no employees whosè annual remunerallon was more than £60,000.
Remuneratlon of key management personnel
The remuneration of key management personnel is £49,400 (2023.. £49,400).
2024
2023
Aggregate compensallon
49,400
49,400
10 Taxatlon
The charlty Is exempl from laxatlon on Ils activities because all ils income Is appli8d for charitable purposes.
11 Debtors
2024
2023
Amounts falllng due wlthln one year:
Trade debtors
Other debtors
Prepaym8nls and accrued Incom8
11,167
137,356
5,153
24,467
58,255
153,676
82,722
12 Creditors: amounts falling due within one year
2024
2023
Notes
Other taxation and social security
Deferred income
Other creditors
Accruals and deferred Income
2,555
9,875
6,515
9,000
13
324
9,000
27,945
9,324
15-

MTC LEARNING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
13 Deferred In¢ome
2024
2023
Other deferred income
9,875
Deferred income Is Included In Ihe financial slalements as follows..
2024
2023
Oeferred Income Is Included within..
Current Ilabllilies
9,875
Movements in Ihe year..
Deferred income at 1 August 2023
Resources deferred in the year
9,875
Deferred Income at 31 July 2024
9,875
14 Retlrement beneflt scheme8
2024
2023
Deflned contrlbutlon 8chemes
Charge lo profit or loss in respect of defined contribution schemes
12,709
10,239
The charlty operates a defined contrlbullon penslon scheme for all qualifying employees. The assets of the
scheme are held separately from those of the charity In an independently admlnlstered fund.
15 Unrestrlcted funds
The unrestricted funds of the charity comprise th8 unexpended balances of donations and grants whlch are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been sel aside oul of unrestricted funds by the trustees for specific purposes.
At 1 August
2023
Incomlng
rasources
Resources
expended
At 31 July
2024
General funds
785,692
251,994
(423,066)
614,620
Previous year:
At 1 August
2022
Incoming
resources
Resources
expended
At 31 July
2023
General funds
905,323
400,791
(520,422)
785,692
16-

MTC LEARNING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
16 Related party transactlons
There were no dis¢losable related party transactions during the year {2023 - none).
17 Cash generated from operations
2024
2023
Deficit for the year
(171,072)
1119,631)
Adjustments for..
Investment income recognised in statement of financial activities
Depreciatlon and impairment of tangible fixed assets
(10,9191
(6,0631
856
Movemenls in working capital..
{Increase)Idecrease in debtors
Increaselldecrease) in creditors
Increase in deferred income
170,954)
8,746
9,876
134,712
19,719)
Cash (absorbed by)Igenerated from operatlons
1234,324)
155
18 Analysls of changes In net funds
The Charity had no materlal debt durlng the year.
17