KENT ASSOCIATION OF TRAINING ORGANISATIONS (KATO) CIC

Company limited by guarantee

Company Registration Number:
06419158 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

KENT ASSOCIATION OF TRAINING ORGANISATIONS (KATO) CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

KENT ASSOCIATION OF TRAINING ORGANISATIONS (KATO) CIC

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

The principal activity of the company in the year under review was that of running a network for the benefit of its members to inform and update within the FE sector, information through newsletters and quarterly meetings. To engage and meet with members giving them the opportunity to network and expand their opportunities within the FE sector.



Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

Mr T D Rowe
Mr D Knox


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
2 October 2024

And signed on behalf of the board by:
Name: Mr T D Rowe
Status: Director

KENT ASSOCIATION OF TRAINING ORGANISATIONS (KATO) CIC

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 35,040 32,750
Cost of sales: 0 0
Gross profit(or loss): 35,040 32,750
Distribution costs: 0 0
Administrative expenses: ( 41,032 ) ( 27,481 )
Other operating income: 258 47
Operating profit(or loss): (5,734) 5,316
Profit(or loss) before tax: (5,734) 5,316
Profit(or loss) for the financial year: (5,734) 5,316

KENT ASSOCIATION OF TRAINING ORGANISATIONS (KATO) CIC

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 251 502
Total fixed assets: 251 502
Current assets
Debtors: 4 0 450
Cash at bank and in hand: 11,388 19,866
Total current assets: 11,388 20,316
Creditors: amounts falling due within one year: 5 ( 6,400 ) ( 9,845 )
Net current assets (liabilities): 4,988 10,471
Total assets less current liabilities: 5,239 10,973
Total net assets (liabilities): 5,239 10,973
Members' funds
Profit and loss account: 5,239 10,973
Total members' funds: 5,239 10,973

The notes form part of these financial statements

KENT ASSOCIATION OF TRAINING ORGANISATIONS (KATO) CIC

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 2 October 2024
and signed on behalf of the board by:

Name: Mr T D Rowe
Status: Director

The notes form part of these financial statements

KENT ASSOCIATION OF TRAINING ORGANISATIONS (KATO) CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc - 25% on cost

KENT ASSOCIATION OF TRAINING ORGANISATIONS (KATO) CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

KENT ASSOCIATION OF TRAINING ORGANISATIONS (KATO) CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 1,003 1,003
Additions
Disposals
Revaluations
Transfers
At 31 March 2024 1,003 1,003
Depreciation
At 1 April 2023 501 501
Charge for year 251 251
On disposals
Other adjustments
At 31 March 2024 752 752
Net book value
At 31 March 2024 251 251
At 31 March 2023 502 502

KENT ASSOCIATION OF TRAINING ORGANISATIONS (KATO) CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
£ £
Trade debtors 0 450
Total 0 450

KENT ASSOCIATION OF TRAINING ORGANISATIONS (KATO) CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 6,400 9,845
Total 6,400 9,845

COMMUNITY INTEREST ANNUAL REPORT

KENT ASSOCIATION OF TRAINING ORGANISATIONS (KATO) CIC

Company Number: 06419158 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

During the year 2023/24 KATO has provided its members with 4 network meetings where all members and stakeholders were invited. Two of these were in person and two online, this is in response to members feedback to preferring a hybrid approach to network engagement. Within these meetings we offer sector updates, best practice events and CPD opportunities for all members. The AGM forms part of the January network meeting providing a financial overview for members as well as the opportunity to vote on the committee members for the year. We also encourage members to nominate their own organisations to join and become part of the committee. In addition to the network meetings a monthly newsletter and regular communications are sent to members with the opportunity to showcase and celebrate successes and spotlight any specific activity or best practice. Additional CPD events have taken place through 2023/24 to include safeguarding best practice and apprenticeship CPD via The Education Foundation. The Directors meet with the Network Manager bimonthly, followed by a bimonthly committee meeting which enables information and discussion points to be cascaded and communicated efficiently. The committee are engaged and committed to attending and membership on various education and skills boards to represent KATO and its members ensuring providers have a voice. KATO is also involved in the annual Kent and Medway Apprenticeship Graduation. This year’s event takes place on 18th October 2024 at Rochester Cathedral has once again received an overwhelming response, achieving maximum capacity for the second year in a row! A new record of 208 registrations was achieved, with over 90 employers and a record 35 training providers engaged, including colleges, universities and private training providers. The website that was commissioned in 2023 has an established member’s area and proving to be a valuable resource and go space for its members.

Consultation with stakeholders

The Stakeholders of KATO are predominantly its members; however, we have a range of strategic partners and local/regional organisations that provide external information to support us provide current and regulatory best practice, opportunities, and collaborative partnerships. We regularly ask the members for their views and needs on what they want from membership and ensure where appropriate and applicable that we deliver this through our network meetings and communications. Income generation and sector updates/best practice are often suggested as needs of the members and regular slots for external speakers are sought for each network meeting. We welcome feedback and the network manager has regular communications with the members to gauge the local and regional picture whilst engaging with strategic partners such as the LSIP, AELP and Ofsted to share updates, key challenges, and changes in the sector.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
2 October 2024

And signed on behalf of the board by:
Name: Mr T D Rowe
Status: Director