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 acqu151￿Dll ol
Iiade of subsidiary
12
126,4841
126.4841
Net movernent In fur￿5
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 reCO￿lSed In ihe year.
All income and expendrture derivo from continuhng advhles.
The st81ernenl of financial activi￿5 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 cU￿en1 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 applica￿8 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 r￿ed 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$suThplions abuutth8 carying amount of assets and liabllllies Ihal are noi readily apparant from olher S￿rCeS. The
e5tinales and assock?Led assumptions are basÈd on historical experien￿ and other fa¢lors that are consh1ered lo bÈ
relevant. Ady81 rosu)ts may¢Srffer fratn the58 8stimat85.
Thp p81imMlp_* and ijndprfying A8siJmpl()n* arè rwipwprf nn An hasi*. Rp.visinns Ifj ae#*iJAlinG &￿I￿Al￿.* Arp.
re￿nISed in the perlod In whlch the esllmale is rovlsed where the revlsk)n affocts only Ihat pth. or In the peAod ol
the revision and iulure perirxJ5 where lh8 revision affects LKslh CU￿ent future p8ri0ds.
A¢¢ountln9 polklos
Charity information
Transport Training Board frjr Northem Ireland is a private company limite(I by guarant80 incorp)rat8d in Northem
Ireland. The registered oifice 15 15 Dundrcd Road. Nutts Com8r, Crumlin. Co Antrim. BT29 4SS.
2.1 Accouminy conventlon
The finanri81 stalernents hav8 been propared in accordance ivilh the Companies Act 2006 and"Accounling and
Reporting by Charilies.. Statement ol Rocomrn8nded Pracb¢e applicable to charthes preparing ihoir accounts
accordance with Ihe Financk41 R8poriing SL9ndard applicable in Ihe UK 8nd Republ￿ of Irela￿ IFRS 1021" las
amended for acrx)unting perk)ds c￿Menting from 1 January 20161. The charily is a Public Bwefil Entity as defined
by FRS 102.
The flnanclal staloments are prepar£¢J In sterfing, whleh Is the lundonal currency ollhfr d)arfty. Mon6laryamounls
th858 financid 5tal8rnent5 ￿ rounded to the n8arest£.
The financial stAlÈments have beert prèpared Jnderthe his￿¢81 ￿$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 $￿fle purposès.
The fun¢s (x)llSi51 of atnounis held for fulure risk5 n running ￿e bu￿ne$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 reco￿1$•d when th• charty is legally entitled to il aftor any porfotman¢• ¢ondilw)ns have been mst. tho
amounts can be Tre8sur8d r81iably, and it is probab18 Ihal incorne will be received.
Cash donations are recognisad on receipi. Olher donatlons are recognlsed once tho charity has been noifigd gfthe
donation, unless perfomiance conditions require deferral of Ih8 amount. Incom8 tax recov8rable in relation lo
d￿alJOn$ 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.
EX￿nditur0 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 acil￿ty 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 deprecia￿on charges ale allocated on the
portion of the assei's use.
Resources expended are Induded in th8 State￿￿nt 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 sUbseqUen￿Y 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 buili*ngs
Flxtur•s and ffitti￿g¥
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 In￿Mpj[expen¢jIiurBI lor the
year. Transaction cos15 are expensed as incAJrred.
A su￿diary is Sn entity contrdled by the cA8rity- Control is Ihe power to govErn the￿nancIal 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 sUffe￿d 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 matUrI￿e$ 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.
Fina￿la1 instrumenls are recognised in Ihe cheritys bal8n¢9 sheet when Ihe 1*8Trty be¢¢)mes party to the ￿trac[Ya
Ovi￿On5 o1thg irnstrumenl
Financial assets and liaboities are off$￿, wilh the nel gmounts presented in the financial slalemenls, when there is a
legally enforc8able right to 581 off the recognised arnounls and ther8 18 an Intentlon lo setd8 on a n8l basls or lo rèal￿?
lh8 a558t and S*lle Ihe liablity simullaneousw.
Ba$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 meaSU￿d at the p￿sent value of the
rulure raceipts discounted al a maiket rale of interest. Financral a558ls classified as receIvab￿with1￿ 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 p￿sent value of Ihe
ture payments discounted at a markoi rat6 of intoro&1. Fin0nci41 liabil￿￿5 ¢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 gol￿5 orsery1￿5 ltrot have been acquired in the ordinary course of
operations frorn suppli8rs. Nrnounls payable are Classified as ¢U￿nI liabilit￿S 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
sUbseqUen￿Y 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 Oblig￿lOn$ 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$trably wmmitted lo
lemiinate the employment Df ernployee Dr lo prDvide ierTninatlDn benefits.
2.12 Ratlremqnt benefit$
PaY￿nts tts defned CoTrtri￿1tion 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 act1￿￿85
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
Prern￿e￿ 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
MuM￿r
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 oac8Mber2￿l2
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 D9￿mber2021
1,443,534
28.1B7
1,471.721
14 Fixgd asset imi¢sfments
I￿estMentS
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
P￿pByMentS 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 defer￿d in the year
11.248
Deleried inc0rn8 al 31 December 2022
11.248
18 Retirement benefit $¢hemes
D•nnod cOntdbU￿tsn sch•rn•s
Ibe Gharily opBrates a defined conlributipn pen51L¥I 5cherne for all qualify4.ng 8mployee$. 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. R￿181$ ars aelusled
routinely wlh re5peci lo RPI.
21
Relatsd party tron$a¢tlon$
AL 3111212021 T¥an5POrt Trzining Bowd Limited a￿Ulre￿ 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 L1Th￿ted 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￿$10n oftraining sgrvicss
Crumlin, Co.
Antrim, 8r29 4SS
Ordinary sh8re 100.00
capital
23 Cash generated Irom 0￿ratIonS
2022
2021
SurF4us for the year
114.712
49,725
Adjustments far..
Inveslment income rewnised in st*ement of financial activifj¢s
Gain on dispos£l of tsngible fiKgd assols
Depreciati￿ and irnpairmeDI of tangib18 fixed assets
12251
11.1331
65,378
11.2101
30,318
overftents in worknng capilai..
Iln¢roasel in deL*ois
Ir￿rease in credttors
I￿rease In def8rr8d income
1230.9841
108.176
11,248
122.4731
1.265
Cfjsh 9éMOMt•d Irom opèratlon$
67,172
57.625
24 Anatysls ol changes In nei fvnd8
The thafity had m debLduring the year.
23.