## ## ||||||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)|is stated after charging/(crediting)||| |---|---|---|---| |||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|land|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 )|