2021-07-31-accounts - Training And Development Resource Limited

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					Page
Board ofTrustees Report					1-10
Independent Auditors Report to the			Members	and Trustees
ofthe Charitable Company					11-13
Consolidated Statement	of	Financial	Activities
Consolidated Balance Sheet					15
Charity Balance Sheet					16
Cash Flow Statement					17
Notes to the Consolidated		Financial	Statements		18-34

Training	and Development	and Development	and Development	Resource Limited
Board ofTrustees		Reporting
Forthe year ended		31	July	2021
Company	Registration		Number:		03163754
					Registered	ln Engiand		and Wales
Charity Registration		Number:			1061606
Registered ONce:					Q1 Quorum		Business Park
					Benton Lane
					Newcastle	upon Tyne
					NE12 SEX
Board ofTrustees:					0Grant OBEDL			Chair
					TBowman			Resigned 02 July 2021
					DTrotter			Resigned 13December 2020
					R Dodd MBE
					l Young
					D Kilkenny
					JSmith
					M Collins
					KO'Brien
Company secretary:					Ll Xue
Bankers:					Lloyds Bank	Pic
					1Q2 Grey Street
					Newcastle upon Tyne
					NE99 1SL
Auditors:					Haines Watts		North East Audit LLP
					17Queens Lane
					Newcastle upon Tyne
					NE1 1RN

			Unrestricted
			General	Restricted	Total	Total
			Fund	Funds	2021	2020
		Notes
Income from:
Donations and legacies			13,700		13,700	97,100
Charitable activities			1,635,273		1,635,273	2,027,894
Other trading activities						104,846
Other income			141,960		141,960	96,966
Total income			1,790,933		1,790,933	2,326,806
Expenditure on:
Charitable activities			1,801,320		1,801,320	2,343,164
Total expenditure			1,801,320		1,801,320	2,343,164
Net movement in funds			( 10,387 )		( 10,387 )	( 16,358 )
Reconciliation offunds:
Total funds brought	forward		1,233,455	117,619	1,351,074	1,367,432
Total funds carried forward			1,223,068	117,619	1,340,687	1,351,074

Training'and Development	Training'and Development	Training'and Development	Resource Limited
Consolidated Balance Sheet
As at 31July 2021
				Notes		2021		2020
Fixed assets
Negative goodwill				13				(2,499 )
Tangible assets				14		2,220,287		2,221,471
						2,220,287		2,218,972
Current assets
Debtors					268,004		227,117
Cash at bank and	in	hand			477		2,708
					268,481		229,825
Creditors: amounts		falling
due within one year				17	( 407,587 )		( 333,841 )
Net current liabilities						( 139,106 )		(104,016 )
Total assets less	current		liabilities			2,081,181		2,114,956
Creditors: amounts		falling	due after
more than one year				18		( 740,494 )		( 763,882 )
						1,340,687		1,351,074
Charity Funds
Restricted funds				21		117,619		117,619
Unrestricted funds				22		1,223,068		1,233,455
Total funds						1,340,687		1,351,074

Training and Development	Resource	Limited
As at 31July 2021—--
		Notes		2021		2020f
Fixed assets
Tangible assets		14		2,216,910		2,225,846
Investments		15		1		1
				2,216,911		2,225,847
Current assets
Debtors		16	29,753		110,992
Cash at bank and in hand			442		715
			30,195		111,707
Creditors: amounts falling	due
within one year		17	( 269,547 )		( 93,218 )
Net current liabilities				( 239,352 )		18,489
Total assets less current	liabilities			1,977,559		2,244,336
Creditors: amounts falling	due
in more than one year		18		( 740,494 )		( 769,354 )
Net assets				1,237,065		1,474,982
The funds ofthe charity:
Restricted income funds		21		117,619		117,619
Unrestricted income funds		22		1,119,446		1,357,363
Total charity funds				1,237,065		1,474,982

				Notes	2021	2020
Cash flows from operating		activities			F
Net cash (used in)/provided		by operating	activities	29	111,415	20,012
Cash flows from investing		activities
Purchase oftangible fixed assets					(12,118)	( 302 )
Net cash provided byinvesting activities					( 12,118 )	( 302 )
Cash flows from financing		activities
Interest paid Repayment of borrowings					( 35,054 ) (25,567 )	( 38,952 ) (40,906 )
Net cash used in financing		activities			( 60,621 )	( 79,858 )
Change in cash and cash	equivalents				38,676	( 60,148 )
Cash and cash equivalents	at the beginning		ofthe year		( 133,807 )	( 73,659 )
Cash and cash equivalents		at the end of	the year		(95,131 )	(133,807 )
Breakdown ofcash and cash equivalents
Cash at bank and in hand Bank overdrafts					477 (95,608 )	2,708 (136,515 )

		Unrestricted
		General	Restricted	Total	Total
		Fund	Funds	2020	2019
Income from:
Donations and legacies		97,100		97,100	35,467
Charitable activities		2,027,894		2,027,894	2,171,882
Other trading activities		104,846		104,846	141,059
Other income		96,966		96,966
Total income		2,326,806		2,326,806	2,348,408
Expenditure on:
Charitable activities		2,234,164		2,343,164	2,542,265
Total expenditure		2,234,164		2,343,164	2,542,265
Net movement in funds		( 16,538 )		( 16,358 )	( 193,857 )
Reconciliation offunds:
Total funds brought	forward	1,240,813	117,619	1,367,462	1,561,289
Total funds carried forward		1,233,455	117,619	1,351,074	1,367,432

4.	Donations	Donations
						Unrestricted	Restricted	Total	Total
						funds	funds	2021	2020f
	Donations	and	gifts			13,700		13,700	97,100
						13,700		13,700	97,100
5.	Charitable	activities income analysis
						Unrestricted	Restricted	Total	Total
						funds	funds	2021	2020
	Provision	ofengineering		and manufacturing	training	1,635,273		1,635,273	2,027,894
						1,635,273		1,635,273	2,027,894
6.	Other trading activities
						Unrestricted	Restricted	Total	Total
						funds	funds	2021	2020
	Rent and other income Business development			income					103,746 1,100
									104,846
7.	Other income
						Unrestricted	Restricted	Total	Total
						fundsf	funds E	2021	2020
	JRS Government		grant			95,305		95,305	96,966
	Commercial	income				46,655		46,655
						141,960		141,960	96,966


Profit 8 loss	account				2021	2020
Turnover					1,977,233	2,305,723
Cost ofsales	and administration	expenses		(	1,886,013 )(	2,182,852)
Net profit					91,220	122,871
A summary	ofthe Balance Sheet is shown		below:
Fixed assets					3,376	( 2,499 )
Current assets					432,881	273,958
Current liabilities					( 332,635 )	( 267,406 )
Net assets					103,622	12,402

9.1 Direct	costs
		Unrestricted	Restricted	Total	Total
		funds	fund	2021	2020
				f
Staff costs		1,096,893		1,096,893	1,583,082
Apprentices		69,900		69,900	79,029
College costs		103,481		103,481	85,598
Direct course	costs	48,305		48,305	70,447
Other direct costs		24,735		24,735	59,848
Travel and subsistence		5,414		5,414	21,980
Premises costs		12,327		12,327	52,944
Office expenses		47,871		47,871	53,661
ITcosts		68,942		68,942	48,047
Marketing		29,046		29,046	16,800
Irrecoverable	VAT	22,130		22,130	22,767
Finance costs		10,045		10,045	7,387
Other expenses		31,442		31,442	19,085
		1,570,531		1,570,531	2,120,965

9.2 Support costs	9.2 Support costs	9.2 Support costs
			2021	2020
Depreciation			13,303	15,158
Other staff costs Premises costs			102,378	1,348 107,115
Irrecoverable VAT			27,047	28,575
Interest payable			35,054	38,146
Taxation			22,613	2,921
Governance costs		{note9.3)	30,394	28,936
			230,789	222,199
Total charitable	expenditure		1,801,320	2,343,164
9.3 Governance
			2021	2020
			E
Audit fees			14,000	14,000
Legal 8 professional		fees	16,394	14,936
			30,394	28,936

The group surplus/(deficit)
	2021	2020
		F
Depreciation —owned assets	13,303	25,158

Total s	alary costs	analysed by:
			2021	2020
Wages	and salaries		931,385	1,377,874
National	insurance	contributions	94,680	127,553
Pension	contributions		49,939	55,279
			1,076,004	1,560,705

The average headcount of person	s employed	by the group (including cas	ual and part time) during the y	ear was:
			202'l	2020
			No.	No.
Directors of the Charity ortrading	subsidiary	(paid)	4	4
Directors ofthe Charity (unpaid)			4	4
Apprentices			1	1
Staff			34	42
			43	51

	Long leasehold	Plant and	Fixtures 8	Computers	Total
	and buildings	equipment	fittings
Cost
At 1 August 2020	2,200,000	9,250	133,578	3,720	2,346,548
Additions			12,118		12,118
Disposals			(40,000 )		(40,000 )
At 31 July 2021	2,200,000	9,250	105,696	3,720	2,318,666
Depreciation
At 1 August 2020		4,824	117,950	2,303	125,077
Charge for the year Disposals		3,378	8,684 (40,000 )	1,240	13,302 (40,000 )
At 31 July 2021		8,202	86,634	3,543	98,379
Net book value
At 31 July 2021	2,200,000	1,048	19,062	177	2,220,287
At 31 July 2020	2,200,000	4,426	15,628	1,417	2,221,471

Tangible fixed asse Charity	ts
	Long leasehold land	Plant and	Fixtures 8	Computers	Total
	and buildings	equipment	fittings
Cost
At 1 August 2020	2,200,000	9,250	84,288	3,720	2,297,258
Additions			12,118		12,118
At 31 July 2021	2,200,000	9,250	96,406	3,720	2,309,376
Depreciation
At 1 August 2020		4,824	77,009	2,303	84,136
Charge for the year		3,378	3,712	1,240	8,330
At 31 July 2021		8,202	80,721	3,543	92,466
Net book value
At 31 July 2021	2,200,000	1,048	15,685	177	2,216,910
At 31 July 2020	2,200,000	4,426	7,279	1,417	2,213,122

Group	Group	Charity	Charity
2021	2020	2021	2020

Investment	in wholly owned subsidiary
companies
TDR Training	Limited
Total investments

16.	Debtors
			Group	Group	Charity	Charity
			2021	2020	2021	2020
			E
	Trade debtors Prepayments and accrued income Other debtors		229,826 25,440 12,738	42,814 40,631 143,672	12,000 9,123 8,630	1,600 16,779
			268,004	227,117	29,753	18,379
17.	Creditors: amounts falling due within one year
			Group	Group	Charity	Charity
			2021 E	2020	2021	2020f
	Bank loans and overdrafts Trade creditors Obligations under finance lease Amounts due to fellow group undertakings Corporation tax payable	19	137,597 113,594 4,360 22,613	156,135 97,348 6,538 2,921	19,620 2,063 4,360 194,595	19,620 21,944 6,538 65,185
	Other taxation and social security		35,492	40,686
	Other creditors		2,125	9,397
	Accruals		91,806	20,816	48,909	18.333
			407,587	333,841	269,547	131,620
18.	Creditors: amounts falling due after one year
			Group	Group	Charity	Charity
			2021f	2020 f.	2021	2020
	Bank loans and overdrafts Obligations under finance lease		740,494	760,613 3,269	740,494	760,613 3,269
			740,494	763,882	740,494	763,882

			Group	Group	Charity	Charity
			2021f	2020	2021 E	2020
Bank overdraffs			95,608	136,515
Bank loans			760,114	780,233	760,114	780,233
			855,722	916,748	760,114	780,233
Payable	within one year		137,957	156,135	19,620	19,620
Payable	after one	year	717,765	760,613	740,494	107,102
Amounts	included	above which fall due after five years:
Payable	by instalments		446,693	446,693	516,195	516,195

	Group	Group	Charity	Charity
	2021	2020 f.	2021f	2020 E
Less than one year	4,360	6,538	4,360	6,538
Between one and five years		3,269		8,717
	4,360	9,807	4,360	15,255

	For the	earended	earended	31Jul	2021
						Balance at						Balance at
						1 August						31July
						2020f	Income f	Expenditure		f	Transfers	2021f
	The Ron Dodd Scholarship Fund Sponsorship Trust Activities					97,919 19,700						97,919 19,700
						117,619						117,619
2'1.	Restricted		funds	(Continued)
	For the	earended		31Jul	2020
						Balance at						Balance at
						1 August						31July
						2020f	Incomef	Expenditure f			Transfers	2021f
	The Ron Dodd Scholarship				Fund	97,919						97,919
	Sponsorship		Trust	Activities		19,700						19,700
						117,619						117,619
22.	Unrestricted		funds
	Forthe	ear	ended	31Jul	2021
	Group					Balance at						Balance at
						1 August						31July
						2020 f	Income f	Expenditure f			Transfers f	2021 f
	Unrestricted		funds
	General	fund				1,233,455	1,790,933	( 1,801,320 )				1,223,068
	Total unrestricted			funds		1,233,455	1,790,933	( 1,801,320 )				1,223,068
	Forthe	earended		31Jut	2021
	Charity					Balance at						Balance at
						1 August						31July
						2020f	Incomef	Expenditure	f		Transfers f	2021 f
	Unrestricted		funds
	General	fund				1,221,053	93,700	( 195,307 )				1,119,446
	Total unrestricted			funds		1,221,053	93,700	( 195,307		)		1,119,446

For the	earended	earended	31Jul	2020
Group					Balance at				Balance at
					1 August				31 July
					2019 f	Income	Expenditure	Transfers	2020
Unrestricted		funds
General	fund				1,249,813	2,326,806	( 2,343,165 )		1,233,455
Total unrestricted			funds		1,249,813	2,326,806	( 2,343,165 )		1,233,455
For the	ear	ended	31Jul	2020
Charity					Balance at				Balance at
					1 August				31July
					2019 f	Income f.	Expenditure F	Transfers	2020
Unrestricted		funds
General	fund				1,357,363	251,946	( 388,256 )		1,221,053
Total unrestricted			funds		1,357,363	251,946	( 388,256 )		1,221,053

For the e	arended	31Jui 2021
			Unrestricted	Restricted
			funds	funds	Total
			f
Fixed assets			2,220,287		2,220,287
Net current	liabilities		( 256,725 )	117,619	( 139,106 )
Creditors:	amounts	falling due after more than one year	( 740,494 )		( 740,494 )
			1,223,068	117,619	1,340,687

For the e	arended	31Jui 2020
			Unrestricted	Restricted
			funds	funds	Total
			f
Fixed assets			2,218,972		2,218,972
Net current	liabilities		( 221,635 )	117,619	( 104,016 )
Creditors:	amounts	falling due after more than one year	( 763,882 )		( 763,882 )
			1,233,455	117,619	1,351,074

			2021	2020
Within More	1 year than 1 year and less than 5 years		9,279	9,279 5,164
			9,279	14,443

Reconciliation of	net mov	ement in funds	to net cash flow from oper	ating activities
				2021		2020
Net income/(expenditure)		for the reporting	period	(10,387 )	(16,358 )
Adjustments for:
Interest paid				35,054		38,952
Depreciation				13,303		25,158
Amortisation				(2,499 )	(	10,000 )
Decrease/(increase)	in debtors			(40,887 )		9,130
(Decrease)/increase	in creditors			116,831	(29,791 )
Net cash (used in)/provided		by operating	activities	111,415		17,091

Analy	sis ofchanges in net debt
		1 Aug	Cash	31July
		2020	flows	2021
Short	term cash borrowings	(136,515 )	40,907	(95,608 )
Long	term cash borrowings	( 790,040 )	29,926	( 760,114 )
Total	liabilities	( 926,555 )	70,833	( 855,722 )
Cash	and cash equivalents	2,708	( 2,231 )	477
Total	net debt	( 923,847 )	68,602	( 855,245 )