TRANSPORT TRAINING BOARD FOR NORTHERN IRELAND TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT} FOR THE YEAR ENDED 31 DECEMBER 2022 The Iruste8s pr8senl t1r annual report a1 financLg1 statèments lorthe yeay end8d 31 D8Certier2022. Th& finanty $18lements have been pr&p8red in accordance th the a¢countir¢ polkies set out in note 2 to the finenciel sialemenls and comply 1h Ihè charitys Memorandum and ArticlesofAssooaiion. the Cornpant8s N£t 2008 and "Accounting and Rèporting by Charities.. StalÈmeni of Reeornmended Pracbce applicable Its tharities preparing their aceounls In accordanc8 wlth the Anancrd1 R8POrtng Standard appllcablg In thfr UK and RapUbl of Ir81and IFRS 1021'1$5 2m8nd8d foracry)unlitvJ poriods cornrn8ncing 1M 1 January 2Q16j Objectives and a¢ti¥rtre5 The Transport Training Board for Norlhem Ireland's IrrBI purpose is lo promote and advance Ihe education aid trainirKJ ol persons employed or seeking 8mploympnl in the autooI1V8, transportalion and logislics indu51ries. During 2022 rrB and 11$ wholly ned 8ubadlary company. Transport TrydSnlng Services INI) Ltd o)ndnued to provlde a (I'vers8 range olskill ¢Jevebpmentat its Nutts Comer based training centre. Th8 trairxng centre. which was offtialy opened in 2014. has the folknwing faalthès availabla for u$8 by Irain88s'. Three dedc8ted well.resourced Light and Heavy Vehicle wDrkshops ere used In the delivèry automotive industry training. S&ven teMper2re-Con1ro1Ied Iraining rooms which ar8 mod8m industy $tandard profe55K)nal 18arning envIrtments. 4iipped hwJh slandard teaching & learring reSrce5-. E-L8aming farilitsgs The design of building en5ur8S the new facIleS are accesslble to people vlilh a rdnge of disabilities and rneets all ujrrent di50bility legi51alion', its location is in a cBnirnl IvGabDn far aGce5s for Irainee5 frorn aGros5 Northern Ireland. The BoBrd own5 the18nd of the Nulls ComerBu5iness Park from which ground renis pro8 income. Grant rnaklng pollcy A ioial of e54,765 was released In the year In respe¢t of pievlously deferreo govemment grant Inme recelvad. A¢hl8voments and perfomian¢0 During Ihe year of 2022 TTB exceed8d all expeclations by induding 103 apprenlices into lh8 tr8ining centre. A greal £chievement. bringing th8 total nbe1 of young pwpl8 b8ing train8d in tha c8ntre lo 256 and off8ring us tho opporlunity lo expand our GUlTeiit leain of trainers. Thi5 inlake lirinly esiab15shes TTB a5 IhE tnaiket leader lor Tran5POrt Apprenticeships in Nl wilh a market share of 27.6%. Our performance in the year Secured an extension ollhe ex5ting Ote Delivery Contract and was fwlher recogniied by t SUCCESsful *18inrnent of the gducabon, Training Inspeciuate Qu81ityAudit. AII Business Park 0ratiOnS perforrned as nermal Mrilh no defaulls or closures bÈlng experienced. Tovrdrd5 the end of the year an in¢ased level of inl¢r¢$twas shown in available sites. hopefully to progress furth?r inlo 20rJ.
TRANSPORT TRAINING BOARD FOR NORTHERN IRELAND TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Flnanclal rovl During Ihe y8ar there was incomg of £1,177,565 12021 . £146.2171. Th8 incteas8 in incom& was du8 lo Ihe Iran81lion ol the subsidiary cotnpans training aclivitios In ThB. Tho k8y BoureAÈ of income for Transport Tralning Board continued to be fvnding raised from ground rents tenants al the Nutt's Comer Busin$ Park and received income for apprentiShIP traning from Ihe D8partrnenl of Economy's Appr8nliceship Nl program and sal8$ ol othertrainmg sBrvic85. The main assets of Ihe Charty continued lo be the Tr8ining C¢nty¢ at Nutts Corner, the la1 of Ihe Business Psrk and Trdnsport Tralning S8Mces INI) Ltd. th8 wholly owned subsidiary company. G8neral 8xpendl¢ure l(wtho yearwas £1.062,85312021- £96.4921. Thls indLpd•d costs of ¢Y81Ivertng Iralnhg seth¢es, tnanagernenl of the training centre and bu5inp5s park. At the y8ar4nd Transport Tralnlr@ Board had £1,852,204 of unrestricted funds of which £1.503,504 Is ropresenled by fNed asset8 particukily the training centr8 and business park site. The remaTThng furKls will conbnue 10 be held as curreni assets which the Director5 as essential level DIwoTking capital for Ihe nexl year and hes retaine(I funds which will be JBquired in 2023 to enwro grow¢h and d8V81Lpmenl of Irainlng provisi)n in tha arshead. Rl$k fa¢t¢irn The tru51ees have assessed the m8iY risks lo wt)ich Ihecharity is exposed induding.. N-paytnenI ol ground r8nls by tenant organisabon5 The wilhdrawaUredu¢bon ofgovernmenl funding forApprentice$hip$ Re<ccurrtnc8 of a Covid ¥lrain or related pandemic th8t forces further l(kdowns and re$iriGlons. Tse risks will be moniiored by Ihe Board throughout the year by reviewing monthly management accounts and ihrough L1iscussions wilh tha staff of the gLI)si8ry. Plans for ¢h¢ fvlur• As we prepare lor an unreslricted year of tra(Ang the Directors antipate turther growth in Ihe type and scale of the provision oftraining at ts Modem Irainirrtj centre. It anticpaies further prows)n of bJnding through grants lo enatylp new ev8lopmeDls in IransFOrt training across Northem Ir8land and a cth$olidaiion ol a¢iivilyivhith will allow a stronger. simplerand more Sustainab group slnJctur8. To accornaI9 lurthgr planrtsd incr8ases in apwent5¢es a refvrbishmenVex18nsion plan to be 8ped lo ¢ater for Ihi5 increased capacity. structurej governan¢• and manog¢m•nt Tha Transport Ttaining 8oard for Northern Ireland is 8 company lirnrtBd by guarante8 wflh no shar8 capiial. Ils operations are defined by a Memorandum and ArtleS olAssoL¥abon. A Board of Directus meets IhThJghout the yearto govern Ihe oppration5 Qf the charity. All Directors are members of Ihe (t4npany. No external body or indivKlual has Ihe power io point rw charity D1Ctors. Through thelrgovemance olthe charty. the Directors haw had reg¥d to the Chafity Commtssion's guidance on publ benoffl.
TRANSPORT TRAINING BOARD FOR NORTHERN IRELAND TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2022 Tha trustW5. who are also the directors for Ihe purpose of company law, and who served durhg the year and up to Ihe data of si9natur8 of the finanaal SlementS were.. Mrs Pamela Dennison Mr Sam Patterson r Rodn8y Fgrgu50n Ms Catherine 8oyd Mr William Dougan Mr William Gribben Mr Paul Harris Dr Sharon Loane Mr Seamus Sc4lon Mr Slephen Week85 Mr Gordon Whhtg (Resigned 24 March 2Q221 Ntsnts of 11)¥ Irusttrs 110$ ariy L)&ii¥fKial in Ihe Lliari(y. Trustees do not receive r&rnuner81iM'. expens8$ we paid for the costs associaled with fvifilling their roles. 7f Board will ¢Jeal with a all4najLr decl510n5f8ng the ch8rity as they arise and plan IheoYer8113trategy for the charty- Thè Cornparny Secrotary as acting CEO supwrted by thè SMT dgal& with day-loday matters. The wholty owned subsidiary company Tran5POrt Tralning SeNi¢es INI) LW has a separale Board Ihai attends Transport Training Board meeb.ngs to prowde regular portIng an¢J review of performon¢¢. Its CEO a150 acis as Cornpany se¢tory for both companie5. Pmlously th8 Board comrnenc8d 8 process of rev18w on tts 8lructure and agregdlls InteOn to transfer, assets aThY many acts"vib"es from Sts subsfdlarylo the parent cDmpan), TtB. Thi5 transferwas completed on 3151 Decernber 2ry21 Rtlallonshlps wilh relotsd parties ar¥ monllored by the Board are requlred lo dlsclose any personal Interests that may influence Ihe charity aslhey arise. The principal related party 15 the charity'5 5ub5idiary, details ol tri5 are disdosed In the nole5 of the accounts. Organlsatlonal Structure and doclslon rnaklng The eoard will deal wilh 911 major dexisions fa¢in9 the charity as they arise 8nd plan Ihe over811 slr8tegy for the tharity. Th8 COrnY Se(x8tary as arting CEO ¥uppDrted by Ihe SMT dfjats wlh day.loday maller5. Trusl¥es do iiol rgctyTve reii)un8ralivn. t3AFtiisos ale paid for Ihe ¢osis aiw¥ialvd svilh fuifiliny Ilitrir rules and ail) di5dosed inth& notes tD the accounts. R•lalionshlp5 wllh related psrfles ar8 monitor8d by Ihg Board who ar8 r8quir8¢ to disd8 any person intere513 that msy have an eff8Ct on lh8 charity as they arise. The prinGipal related party is the subsi¢Jlary. detalls of this are ¢Jisclosed in the noles to the accounts. Auditoi In accordance with the comp8nls arbdes, a resolution proposin9 Ihat Moore IN.I.I LLP be reappainted as audito¥ of th? cornpany WI be put 818 GenBml MFoting. DiBclosur• of Informallon to oudllor Eath of Ihg trustees h&% confinmed that Ihere no infOatrOn of which th8y awdre which 15 relevant lo Ihe audit, tyji of which Ihe auditor Is unawarè. They have furtherconfimied that they have tsken approprfale steps to klentify such IBlevanl infottnalion 8rd to estatrlish Ihaith8 ajitOr is aware of such inlormation.
TRANSPORT TRAINING BOARD FOR NORTHERN IRELAND TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 twstee5' r8POrt was approv8d by the Board of Trust8e5. Ilrwllllam Grfbben Trustee Dated.. 20 Sepiember2023 Mr Gordon Illhlte Trusteg Daled..20 September 2023