TRANSPORT TRAINING BOARD FOR NORTHERN IRELAND STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022 Unrestrirted Unrestricted fund5 fund$ g•n0rald¢$lgnaiod 2022 2022 Total Unrestricted Unrestrleied fuiids fuiids gon8rald•$lgnated 2021 2021 Total 2022 2021 Notgs Income anl end0¥entS from: Donauons and18ga¢i85 Traliro income lnIe$t receivable Olh¢r income ¥r,174 1,119,033 225 1,133 57,174 1,119,033 225 1,133 145,007 1.210 145,(K>7 1.210 Total Incom¢ 1,177,565 1,f77.$6S 146,217 146,217 enditure on: R81sing funds 23,552 23,552 Ch8rit8bJe acts"vib"es 1,039.301 1,039,301 96.492 96,492 Total expenditure 1,062.853 1,062.853 96,492 96,492 Net Income forth¢ y¢arl Not in¢orntng resource$ 114.712 114.712 49.725 49.725 Other recogni5ed galns and 1056es N81 loss on acqu151Dll ol Iiade of subsidiary 12 126,4841 126.4841 Net movernent In fur5 84228 88,228 49,725 49,725 Fund balances at 1 January 2022 1.788.567 30.174 1,B18,741 1.n8.842 30,174 1,769.016 Fund balances at 31 December 2022 1,876,795 3D,174 1,906,969 1,788,567 30,174 1,618,741 The stslement of financial actniities includes all gains and k)sses reCOlSed In ihe year. All income and expendrture derivo from continuhng advhles. The st81ernenl of financial activi5 also compliÈ$ wilh the quIrernents ft)r an incorne and expendlture acc4Junl under the Companlos Act 2006.
TRANSPORT TRAINING BOARD FOR NORTHERN IRELAND BALANCE SHEET AS A T 31 DECEMBER 2022 2022 2021 Notes Flxed assot5 Tangible assels Inveslments 13 14 1,503,S04 1.471.721 so.000 1.S03.505 1.521,721 Currènt assets Debtors Cash at bank and vi 15 369.497 189,620 138,513 194.736 SSg.117 333,249 Cr•dltors: amounts lalllng duè wlthln ong year 16 1155.6531 136,2291 N8t cUen1 assds 403,414 297.020 Total 888ets Iq¥¥ currgnl liabiliiies 1,906,969 1.818.741 Incorne funds Designated fund5 Unrestricled funds- general 30.174 1,876.795 30,114 1,788,567 1.906.509 1,818.741 These flnanclal sia18rnqnts have b8en prop8rsd a¢9)rd¢9 WIU) the prow$ions applica8 to companlès subiecl ID th8 small companies r8gimg. financi81 slalompnis were appioved ¥y Ihe Trustees 20 Sep18rnb8r 20 Mr WilA8m Grt)en Trustee Mr Goidon While Trustee Company Ro918tratlon No. NF026073 12
TRANSPORT TRAINING BOARD FOR NORTHERN IRELAND STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022 2022 2021 Note• Cash flows from operadn9 attMtIg$ Cash generate(J frorn operdtior15 67,172 57,625 Inv8stlng actlvltl88 Purchase oftangible fix¢d ass¢ts Proceeds from disposal of tangible red as#et$ 197.1611 1,133 23,515 225 Acquisition of assets Irom subsk1iar1es Investsrent in¢orne received 1.210 Nèt ¢a5h Iused Inll9¢n¢r4l¢d from Invo$tlnB advltles 172.2881 17 Ftnanclng actlvllles R8payment of bank loans 17,OJrii Net cash used in financing activikne¥ 17,0501 Net Idecreaselllncrease In cash and Cash tqulvalents 15,1101 50.592 Cash and cash eqLivalents at beginning of ye 194,736 144.144 Cash and cash equlvalents at ènd of year 1B9,620 194,736 13-
TRANSPORT TRAINING BOARD FOR NORTHERN IRELAND STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Crftlcal aGcounflng StImat and lud9emonts In the 8pplieJbon ol Ihe ¢h•riVs occountinu polityes, Ihe truslees are required lo meke judgeTrrnts, esDrngte8 arnd a$suThplions abuutth8 carying amount of assets and liabllllies Ihal are noi readily apparant from olher SrCeS. The e5tinales and assock?Led assumptions are basÈd on historical experien and other fa¢lors that are consh1ered lo bÈ relevant. Ady81 rosu)ts may¢Srffer fratn the58 8stimat85. Thp p81imMlp_ and ijndprfying A8siJmpl()n arè rwipwprf nn An hasi. Rp.visinns Ifj ae#iJAlinG &IAl. Arp. renISed in the perlod In whlch the esllmale is rovlsed where the revlsk)n affocts only Ihat pth. or In the peAod ol the revision and iulure perirxJ5 where lh8 revision affects LKslh CUent future p8ri0ds. A¢¢ountln9 polklos Charity information Transport Training Board frjr Northem Ireland is a private company limite(I by guarant80 incorp)rat8d in Northem Ireland. The registered oifice 15 15 Dundrcd Road. Nutts Com8r, Crumlin. Co Antrim. BT29 4SS. 2.1 Accouminy conventlon The finanri81 stalernents hav8 been propared in accordance ivilh the Companies Act 2006 and"Accounling and Reporting by Charilies.. Statement ol Rocomrn8nded Pracb¢e applicable to charthes preparing ihoir accounts accordance with Ihe Financk41 R8poriing SL9ndard applicable in Ihe UK 8nd Republ of Irela IFRS 1021" las amended for acrx)unting perk)ds cMenting from 1 January 20161. The charily is a Public Bwefil Entity as defined by FRS 102. The flnanclal staloments are prepar£¢J In sterfing, whleh Is the lundonal currency ollhfr d)arfty. Mon6laryamounls th858 financid 5tal8rnent5 rounded to the n8arest£. The financial stAlÈments have beert prèpared Jnderthe his¢81 $t convenlon. The principal accountlng policies adoplgd are $81 oul bek)w. 2.2 Goln9 con¢om At Ihe lim8 of approving Ihe finandal statements. Irust8eB hav8 a r82sonable 8XP8Ctats"on that the charity has arfpoiixiè TP.S()Iirr.s tn ftnnliniip in npp.rHlinnal pxislpnr.p. fnr Ihp fr>rp.sp.pahlp lijlijrp. ThLJS thè. Ini4rp.p.% trmtinijp. In Ad(¥)I the goln9 concem basls of accounl¢rrtJ In proparfng the finandal statements. 2.3 Charflablo funds Unres¢rided funds are available for use al the discretion of the truslees in fvrfheran¢e of their thartsble obie¢lives. Dèslgnaied ftJnd$ comprf38 fiJnd8 whl¢h hav8 b88n 881 asid8at th8 dlser•Uon of th8 tru$t•és for $fle purposès. The fun¢s (x)llSi51 of atnounis held for fulure risk5 n running e bune$S park a6 *ell as potential needs NhKh may arise frorn having rnulliple bJ5inesse5 on a busy road way. 2.4 Incoming rFsourcv$ Inc(Yne is reco1$•d when th• charty is legally entitled to il aftor any porfotman¢• ¢ondilw)ns have been mst. tho amounts can be Tre8sur8d r81iably, and it is probab18 Ihal incorne will be received. Cash donations are recognisad on receipi. Olher donatlons are recognlsed once tho charity has been noifigd gfthe donation, unless perfomiance conditions require deferral of Ih8 amount. Incom8 tax recov8rable in relation lo dalJOn$ rac•Sved under Gfft Ald ord8gds ol covenanl Is reu)gnlsed at the Ilme of Ihe donati(m. 14.
TRANSPORT TRAINING BOARD FOR NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EhlDED 31 DECEMBER 2022 ABrounting polKies (Continuodl 2.5 Re8ourc• oxp¢nd•d Expenditure is Ognised there 15 8 legal or¢on$tructwe oblSgalion to tr8nsferecDnorruc benefillo a Ihird party. il is probabl8 that a Irans18rof e¢onomlc b8n8ffits will b6 rwuired in settlemènl, and the amount of the obligation can bo measured reliably. EXnditur0 is Classlned byactivty- Thg COSt5 of sach scbvdy are made up of Ihe toial ol directCOs1s and sharEd Costs, induding sUPPOrt costs invofved In undertaking each activity. Direct costs attributable to a slnglè acilty are alb¢ated direcly to Ihal acbwly. Sharèd costs whi¢h ¢ontribuk to more than one a(wity and support COS15 which ar¢ attribulabl8 to a singl8 activity are apportion8d belween Ih058 activ.88 on a basis consi8tentwilh th8 usa of resources. Central staff costs are allocated on Ihe bzsis of time swt. and depreciaon charges ale allocated on the portion of the assei's use. Resources expended are Induded in th8 Statent of Financxal AC1&11eS on an ac(nJals basi& inclusive ol any VAT whrh cannot be recovered. Charitsble expendIlu comprises those eOSls incuwed by the charity in the delivery of ils activibes alld servSces. It indudes both tos15 that can b8 allocated direct to such acti¥ilies and those costs ol an indlrect nature ne¢essary 105UPPOrt Ihem. Govemance costs Indude thcse costs a550ciated with rneeling the conslitulional ond s¢alulory requiremcnts ol thc charity and Sn¢lu(k> tho 4udil foos ond ¢osis Inked to thc slrolc910 managetnent of the charity. 2.6 Tangible fixtrd assets Tangible fixed a55ets are inknally mea5vred at cost and sUbseqUenY rne3sur8d al cost or valuation. net of depWiatiC and any impairment losses. Depr8clalion is r8c4)gnised so as to write off th8 Cost or valuation ol assets les5 their residual valu85 over Ih8ir u58ful lives on Ihe following base5'. Freehold land arKI builings Flxtur•s and ffittig¥ Motorvghidos 2% straight line 12.5%- 25% Slialghl Ilné The gain or bss arfsing on the disP05al of an a558t 15 d8t8rrnin8d 85 Iha diff8r8nce b8tW8en th8 sale proceeils and lh8 cqrryino vAliJp. of thp. A4spt. And rp.Moni.%p.d in Ihp. tAI?mpnl nf finanr.iAI Ae.Iivil1è% 2.7 Fixgd asset imi¢slmon¢s Fixed aSSEt inveslrnents are initially measured at transaclltsn price exduding transaction ¢ts, and are subsequenJy Measured at tsirvalue at e&h reportitvJ dale. Chang8s in fair valu8 ie¢ognised in nel InMpj[expen¢jIiurBI lor the year. Transaction cos15 are expensed as incAJrred. A sudiary is Sn entity contrdled by the cA8rity- Control is Ihe power to govErn thenancIal and operating policres of the 8ntity so as lo obtan ben8fits from ts a¢livi118S. 2.8 Impalrnent of flxed assets At each reportin9 end date, Ihe ch8rity reviews the earrying amounis of Sis langible as5Et5 to deterrrwne whetherth8re 15 any indication ihat Ihose assets have sUffed w impaimienl Ios5. If any such indcalion 8xists. Ihe recoverable arnowl of ihB assEI 15 Ostimaled in ordgr to d8terrnin8 Th8 8xl*nl of th9 impairment loss Irf any). 2.9 Cash and ¢a$h èqulvalènti Cash and c4sh wuivalgnts include cash in hand. derx)sits hdd at call wlh banks. olhar short-term liquid invgStm?nts with Origlnal matUrIe$ of thiee month5 or les5, and bank overdrdfts. Bank overdrafts are shown thin borwngs In current liabililies. 15-
TRANSPORT TRAINING BOARD FOR NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEPABER 2022 AcGvunting polirie5 (Continued) 2.10 Fintsneial in8tnw)ient The charity ha8 ele¢led to apply the prow5ion5 of Section 11 ?asic FN8ncial In51rumentS' 8nd s8cb.on 12'0Lher Finanual Instrurnents Issues. of FRS 102 to all of rts finandal inslrumenl5. Finala1 instrumenls are recognised in Ihe cheritys bal8n¢9 sheet when Ihe 18Trty be¢¢)mes party to the trac[Ya OviOn5 o1thg irnstrumenl Financial assets and liaboities are off$, wilh the nel gmounts presented in the financial slalemenls, when there is a legally enforc8able right to 581 off the recognised arnounls and ther8 18 an Intentlon lo setd8 on a n8l basls or lo rèal? lh8 a558t and Slle Ihe liablity simullaneousw. Ba$k ttlfftjanelal assets 885icfinancia assets, whkh include deblDrs and cash aNJ bank balances. are initially measured at transaction pri induding transaclion costs and are subsequently carried at amortised cc6t using the effective interest rneth unless the arrangementconstilutes a fmancing transaction, where Iransadion is meaSUd at the psent value of the rulure raceipts discounted al a maiket rale of interest. Financral a558ls classified as receIvabwith1 one year ar8 not amorUse(. Baslc ffnancl81118bllltles Bas¢ financial liabililias. including cr8dthr5 and bank loans ar8 inilkglly recognised 81 transaction prie8 unlss$ th8 arrangetnenl constilutss a financing transaction, ere Ihè debt instrument is measured at th8 psent value of Ihe ture payments discounted at a markoi rat6 of intoro&1. Fin0nci41 liabil5 ¢las5ified 85 payablg within ong yg?r gr not afftort158d. Debt instruments are subsequently carried at anKfbsed cgsl, using the effe¢twe interest rate melh(NJ. Trade uedilors 2re obllgaiit)ns io pay for gol5 orsery15 ltrot have been acquired in the ordinary course of operations frorn suppli8rs. Nrnounls payable are Classified as ¢UnI liabilitS if paymeni is due wilhin one year or less. ff n. Ihey are wesenled a5 non-current liabililies. Trade creditors ar8 recognised initiallyal Iransacb'on price 8nd sUbseqUenY Measured at amorbsed cost Using th& effective nleresl rneth(x1. Der8cognltlon of flnan¢lal Ilablllrf&s FinonGio1 liobilitscs ar¢ d¢r¢¢ogniscd Ihc oh¢rity's oonlractual ObliglOn$ cxpirc or orc di%¢h£rged oreoncelled. 2.11 Employeè benefl The CDSt DI any unused holiday enkn'llernent 15 recr4ni5ed in the period Inwhlch Ihe employee's servirR5 are rerEived. Terrnuialion benefits are r8cogni8ed immediai8ly as an 8xpense when thp Gharity k8 demon$trably wmmitted lo lemiinate the employment Df ernployee Dr lo prDvide ierTninatlDn benefits. 2.12 Ratlremqnt benefit$ PaYnts tts defned CoTrtri1tion r8tirem8nt ben8fil 5chernesare charged as an expense as they f811 due. 16-
TRANSPORT TRAINING BOARD FOR NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR EAIDED 31 DECEMBER 2022 Donatlons and 98¢1•$ Unrestricted funds Tolql 2022 2021 Donations and Govemment grants reeefvable 2,4109 54.76S 57,174 Tradlng Incorne Unros¢rlthd Unreslricfed lunds furls general gen*al 2022 2ff21 Rental income Provision of trairing servKes OlherincornÈ 130.760 982.919 5.354 145,CQ7 Trading incorng 1.119.033 145,fy)7 Int•r¢$t ro¢elvable 2022 Int•rosl recalvabl• 225 1,210 Other In¢omg Unrastricted fund5 y•n0ral Tot81 2022 2021 Nel gain ¢)n dlsposgl of lan9ble ffixed assets 1,133 17.
TRANSPORT TRAINING BOARD FOR NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Ralslng lund$ Unrestricted funds g¢n•ral 2022 Toial 2021 FundRisin Advertlslng and ubli 23.552 23,552 Charltablo act185 2022 2021 Staff Costs Motor consumat¢S ar compuier iunnlng costs Subconlract labour and 0lhÈr stalf costs Subscriptions and ¢ourse fees Insuran¢e Cante¥n costs 399,694 67,473 13,314 124.946 7,029 25.333 2,883 640,672 Share of supportC051s15Ee note 91 sha of governance costs (see note 91 J80.728 17,901 85.830 10,662 1.039,301 96.492 18-
TRANSPORT TRAINING BOARD FOR NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEIASER 2022 Support costs Support ¢08ts GovfrmanGe 2022 Support wsts Governan coÉi$ 2021 Staff cnsts DepreeAalron Prerne costs Trustae gxpenses Recwitment Cosb Professlonaf lees Bank chargos Advèrtisi 21&076 64378 S8,618 3.155 218.076 65.37B 58,61B 3,1SS 30.318 16,204 260 6,373 23,171 27 9.244 815 15821 30,318 16.204 260 6.373 23.171 27 9,244 815 15821 8,328 4.197 8,328 4,197 Sundry Loan interest 22.976 22,976 Audltfe¢$ Legal and profe&8ion 17,786 115 17.786 115 7.DOO 3.662 3,662 380,728 17,901 398.629 85.830 10.882 96,492 Govemance cosls inelud8S Payrn8nts to the auditors of £7,0[>12021- £4.30QI for audll fees. 10 Tru$tsgs The lotal arnounl of expenses reimbursed to the trustees during the yÈarwas 41(2021 £2411 and 2 ef Ihe Irustees received payments12021-2}, the nalure of these costs wa5 ihal ofrnileage claims. No trustee re¢pi%vJ remunerdlion frorn the charilyor its grDUP und8riakings in th8 y8ar12021- Nill. 11 EmplDyees The averag8 monthly number of erryjkjyees durtng Ihe year was.. 2022 Numbèr 2021 MuMr Totsl Employm•nt ¢0gts 2022 2021 Wages and $8larSes Olhgr pgn¥ion costs 582,9D2 34.868 617,770 There Were no emplgye¢$ whos? annual remungralion was more Ihan £60,ODO. 19-
TRANSPORT TRAINING BOARD FOR NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 12 Other galns or1o58as UM86tricted funds general 2022 2W21 Not l¢¥$ on a¢q¥5)b'on of Irade of sub5Kllary 26,484 At 3111212D21 TransportTralrung Board Llmlted a¢qulred the net assets ol Ils Iradlng subsldlary franspon Tralnlng Servi¢es INI) Lirnlted and Ihe 2022 acwunts now represeni the achvity ef both eniities. TarwJl)1g n¥ed assois 13 land Flxiw•#•nd Motor ¥•hi aThd bulldlng$ Mtlnus Total C05t Al 1 January 2022 Additions Addition5 through bJ5iness corrbinabons 1.730,995 61.433 1,792,428 33,311 63.850 28.219 44,231 19,619 At 31 oac8Mber2l2 1.730,995 86,144 72A50 1,889.589 D•pr•¢lallon and Impalmi•nt Al 1 January 2022 Depreciation charged in the year 287.461 38,523 33.246 11.1851 320,707 65.378 28,040 At 31 Dècemb8r2022 325.984 32.061 28.040 386.085 Carrylng am¢unt At 31 Decetnber2022 1.4Q5.011 083 44A1Q 1.503.504 At 31 D9mber2021 1,443,534 28.1B7 1,471.721 14 Fixgd asset imi¢sfments IestMentS C05t or valuatlon Al 1 January 2022 Impaiim8nl of investm8nt so.(x)o 149.9991 Ai 31 Decembpr 2022 Carrylng amount At 31 Dpr.hp.r2n22 At 31 December 2021 50,CA)O
TRANSPORT TRAINING BOARD FOR NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 Fixed 8SS8I inve8knents Icontinuqdl 2022 2021 Inveskngnts eomprisè.. Notes Inv85trnents in 5ubsldiary 22 15 btfjrs 2022 2021 Amounts falllng due wlthln one year. Traop4Jebtor5 Other debtoIs PpByMentS and accrued income 84,290 265.277 19,930 25,948 105.761 6,804 269,497 138.513 16 CreditorB: Bmounts lalllng due within one year 2022 2021 Notes Other taxation and social security Deferred income Trad8 er•diiors Oih8r¢redilors A(xruals and dèferred incorntr 42.096 11248 71A04 9,946 20,959 5,243 17 10,303 20,883 155,653 36,229 17 D8ferred In¢ome 2022 2021 OlhgrdefeJrFd irthrne 11,248 D•feTred Income Is Induded In Ihg finanelal statomants as folbws.. 2022 2021 Deferreol inrx)me is nsluded hwihin.. Current liabilities 11.248 Movements in lh8 year.. 21
TRANSPORT TRAINING BOARD FOR NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 17 08feTred In¢om& (Continued) Deferred income at 1 Janvwy 2022 Resources deferd in the year 11.248 Deleried inc0rn8 al 31 December 2022 11.248 18 Retirement benefit $¢hemes D•nnod cOntdbUtsn sch•rn•s Ibe Gharily opBrates a defined conlributipn pen51L¥I 5cherne for all qualify4.ng 8mployee$. Ihe a559ts ofthe Scheme are held sep8ralely from Ihose of the charity n an independenly administered fund. Thè tharg8 to profit or loss n rtspact of dèfined contrlbutbn $chem8s was £34.86812021- £-1. 19 ATraly$l$ ol ngt y$$5 bètrtsen lunds Unrostrict•d Designated fund¥ fvnd$ Total Unr•striGtsd D•signated fvnd$ fLmd$ Total 2022 2022 2022 2021 2021 2021 Fund balances al 31 De¢ember 2022 a represented by.. Tangble assets Inve51fflen15 Current assotsllliabillti8s1 1,503,504 1.503.$04 1.471.721 50,000 297,020 1.471.n1 so,(0 297.020 403A64 403,464 1.906.969 1.906.989 1,81B.741 1,818,741 20 Op•ratlng l•asocofflfflltrnonts Leysor The operallng leases represent renlal ofpremi8es to thlrd parties. The leases are all for long 18rrns, are cancellable th& Charty has th8 righ¢ of forfelture foi eny as$gts on tho18ThY in th9 gvenl of cancgllallon. R181$ ars aelusled routinely wlh re5peci lo RPI. 21 Relatsd party tron$a¢tlon$ AL 3111212021 T¥an5POrt Trzining Bowd Limited aUlre IhE nel assets of its trading subsidiary Transport Training S&rvicp5 INII Lirnited and the 2022 accounls now r&pres&ni th9 #Gtivity of bolh enbties. The following transaElions occurre¢ in Ihe weceding fnanaal p8fiDd endlng 31 De¢ember2021.. During the year ondod 31 D8c8rnb8r 2021 the chari¢y1988ed property facilit185 to Ths at an annual rent 01£2,750. paid Capital and revenue granis totalllng £NIL to Ths, paid rnanagementfees to TS of £19.080 and charged intvre5t on 108n balances lo rrs of £1,200. The b818nce ouislandin9 at Ihe year end from ro IhÈ w05 £5.992 relation to trade balan¢p$ £105.761 in relalion lo inlercornpany loans Inte$t on Ihp inlercompany was charged at a rate of 1% plus the base ra18 on 8 daity basis. The loan is not seojred.
TRANSPORT TRAINING BOARD FOR NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 22 SubsTdlarfe$ At 3111212021 TrnnsportTr8ining Board L1Thted 8tqulred Ihts nol os$&t8 01 its Iroding ¥ubgidiaryTrgnsporf Training Servi¢trs INI) Lirni18d and th8 2022 accounts represent the activity of both 8nti118S. TransportTraSnlng Bo¥d Llffti18d stThl holds thg sokg share OITTS and this Is Card In knvbslmsnls. D8ts1L8 ol Ihe chadvs subskjary at 31 Deeernb8r2022 arg as folk)ws'. Name of undertaklny Registered offlcÈ Nature of busln088 Clas8 of shares held % Hèld Dlrect Indlrect TrdnSPOrtTraining SeNc8S INI) Ltd 15 Dundrod Road. PrO$10n oftraining sgrvicss Crumlin, Co. Antrim, 8r29 4SS Ordinary sh8re 100.00 capital 23 Cash generated Irom 0ratIonS 2022 2021 SurF4us for the year 114.712 49,725 Adjustments far.. Inveslment income rewnised in stement of financial activifj¢s Gain on dispos£l of tsngible fiKgd assols Depreciati and irnpairmeDI of tangib18 fixed assets 12251 11.1331 65,378 11.2101 30,318 overftents in worknng capilai.. Iln¢roasel in deLois Irrease in credttors Irease In def8rr8d income 1230.9841 108.176 11,248 122.4731 1.265 Cfjsh 9éMOMt•d Irom opèratlon$ 67,172 57.625 24 Anatysls ol changes In nei fvnd8 The thafity had m debLduring the year. 23.