2022-07-31-accounts - Training And Development Resource Limited

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			Page
Board ofTrustees Report
Independent Auditors Report to the		Members and Trustees
ofthe Charitable Company			11 - 13
Consolidated Statement of Financial		Activities	14
Consolidated Balance Sheet			15
Charity Balance Sheet			16
Cash Flow Statement			17
Notes to the Consolidated	Financial	Statements	18-34

Company	Registration	Registration	03163754
			Registered in England		and Wales
Charity Registration		Number:	1061605
Registered	Office:		Q1 Quorum	Business	Park
			Benton Lane
			Newcastle upon Tyne
			NE12 8EX
Board ofTrustees:			0Grant OBE DL		Chair
			R Dodd MBE
			I Young
			D Kilkenny
			J Smith
			M Collins
			K O' Brien
			D Heaney		Appointed	13December 2022
Company	secretary:		LiXue
Bankers:			Lloyds Bank	Pic
			102Grey 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	2022	2021
			Notes
Income from:
Donations and	legacies			31,344	180,000	211,344	13,700
Charitable activities				1,866,845		1,866,845	1,635,273
Other income				13,556		13,556	141,960
Total income				1,911,745	180,000	2,091,745	1,790,933
Expenditure on:
Charitable activities				1,748,029		1,748,029	1,801,320
Total expenditure				1,748,029		1,748,029	1,801,320
Net movement	in funds before		transfers	163,716	180,000	343,716	( 10,387 )
Transfers				180,000	( 180,000 )
Net movement	in funds			343,716		343,716	( 10,387 )
Reconciliation	offunds:
Total funds brought		forward		1,223,068	117,619	1,340,687	1,351,074
Total funds carried		forward		1,566,784	117,619	1,684,403	1,340,687

			Notes		2022			2021
Fixed assets
Tangible assets					2,421,184			2,220,287
					2,421,184			2,220,287
Current assets
Debtors			16	276,560		268,004
Cash at bank and	in	hand		897		477
				277,457		268,481
Creditors: amounts		falling
due within one year				( 392,057 )		(407,587)	'
Net current liabilities					( 114,600 )			( 139,106 )
Total assets less	current liabilities				2,306,584			2,081,181
Creditors: amounts		falling due after
more than one year					( 622,181 )			( 740,494 )
					1,684,403			1,340,687
Charity Funds
Restricted funds			21		117,619			117,619
Unrestiicted funds			21		1,566,784			1,223,068
Total funds					1,684,403			1,340,687

		Notes		2022		2021
Fixed assets
Tangible assets Investments		14 15		2,397,008 1		2,216,910 1
Current assets				2,397,009		2,216,911
Debtors Cash at bank and in	hand	16	21,267 762		29,753 442
Creditors: amounts	falling due		22,029		30,195
within one year			( 318,492 )		( 269,547 )
Net current liabilities			( 296,463 )			( 239,352 )
Total assets less current liabilities				2,100,546		1,977,559
Creditors: amounts	falling due
in more than one year		18		( 622,181 )		(740,494 )
Net assets				1,478,365		1,237,065
The funds ofthe charity:
Restricted funds Unrestricted funds		21 21		117,619 1,360,746		117,619 1,119,446
Total charity funds				1,478,365		1,237,065

			Notes	2022	2021
Cash flows from operating	activities
Net cash provided by operating activities			29	348,893	111,415
Cash flows from investing	activities
Purchase of tangible fixed assets				( 217,931 )	( 12,118 )
Net cash provided byinvesting activities				(217,931 )	(12,118)
Cash flows from financing	activities
Interest paid Repayment of borrowings				(9,092 ) ( 72,403 )	(35,054 ) ( 25,567 )
Net cash usedin financing	activities			( 81,495 )	( 60,621 )
Change in cash and cash	equivalents			49,467	38,676
Cash and cash equivalents	at the beginning	ofthe year		( 95,131 ) ( 133,807 )
Cash and cash equivalents	at the end ofthe year			(45,664)	(95,131 )
Breakdown ofcash and cash equivalents
Cash at bank and in hand				897	477
Bank overdrafts				(46,561 )	(95,608)

	Unrestricted
	General	Restricted	Total	Total
	Fund	Funds	2021	2020
Income from:
Donations and legacies Charitable activities Other trading activities	13,700 1,635,273		13,700 1,635,273	97,100 2,027,894 104,846
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	1,233,068	117,619	1,340,687	1,351,074

					Unrestricted	Restricted	Total	Total
					funds	funds	2022	2021
	Donations	and gifts			31,344	180,000	211,344	13,700
					31,344	180,000	211,344	13,700
5.	Charitable	activities income analysis
					Unrestricted	Restricted	Total	Total
					funds	funds	2022	2021
	Provision	of engineering	and manufacturing	training	1,866,845		1,866,845	1,635,273
					1,866,845		1,866,845	1,635,273
6.	Other income

Other inco	me
			Unrestricted	Restricted	Total	Total
			funds	funds	2022	2021
				F
JRSGovernment		grant				95,305
Commercial	income		13,556		13,556	46,655
			13,556		13,556	141,960

Profit &loss account	Profit &loss account		2022	2021
Turnover and	other income		1,980,401	1,977,233
Cost ofsales	and administration	expenses	( 1,877,984 )	( 1,886,013)
Net profit			102,417	91,220
A summary	ofthe Balance Sheet is shown below:
Fixed assets			24,176	3,376
Current assets			458,172	432,881
Current liabilities			( 276,309 ) ( 332,635 )
Net assets			206,039	103,622

Expenditure on ch	Expenditure on ch	aritable activities
9.1 Direct costs
			Unrestricted	Restricted	Total	Total
			funds	fund	2022	2021
			F
Staff costs			1,025,443		1,025,443	1,096,893
College costs			263,333		263,333	173,381
Direct course costs			25,797		25,797	73,040
Travel and subsistence			10,736		10,736	5,414
Premises costs			2,276		2,276	12,327
Office expenses			14,624		14,624	47,871
ITcosts			65,810		65,810	68,942
Marketing			44,269		44,269	29,046
Irrecoverable VAT			32,705		32,705	22,130
Finance costs			535		535	10,045
Other expenses			34,227		34,227	31,442
			1,517,556		1,519,755	1,570,531
9.2 Support	costs
					2022	2021
Depreciation					4,915	13,303
Premises costs					144,584	102,378
Irrecoverable VAT					26,758	27,047
Interest payable					15,320	35,054
Taxation					18,651	22,613
Governance costs (note 9.3)					18,046	30,394
					228,274	230,789
Total charitable	expenditure				1,748,029	1,801,320
9.3 Governance
					2022	2021
Audit fees					14,200	14,000
Legal 8 professional		fees			3,846	16,394
					18,046	30,394

9.2 Support	costs
Depreciation
Premises costs
Irrecoverable VAT
Interest payable
Taxation
Governance costs (note 9.3)

9.3	Governance
Audit	fees
Legal	8 professional	fees

2022	2021
4,915	13,303

Analysis ofstaff c	Analysis ofstaff c	osts, Tru	stee remuneration and expens	es, and the cost ofkey management	personnel
Total salary costs		analysed	by:
				2022	2021
Wages	and salaries			856,946	892,817
National Pension	insurance contributions contributions			84,397 84,100	94,680 88,507
				1,025,443	1,076,004

The number of employee R60,000 is as follows:	pension costs) of more than	pension costs) of more than
	2022	2020
	No.	No.
F70,001 —F80,000		1

The average headcount of person	s employe	d by the group (including ca	sual and part time) during the y	ear was:
			2022	2021
			No.	No.
Directors ofthe Charity or trading	subsidiary	(paid)	4	4
Directors ofthe Charity (unpaid)			7	4
Apprentices				1
Staff			34	34
			45	43

	Long leasehold	Plant and	Fixtures &	Computers	Total
	and buildings	equipment	fittings
Cost
At 1 August 2021	2,200,000	9,250	105,696	3,720	2,318,666
Additions			217,931		217,931
Disposals			(12,119)		(12,119)
At 31 July 2022	2,200,000	9,250	311,508	3,720	2,524,478
Depreciation
At 1 August 2021		8,202	86,634	3543	98379
Charge for the year		1,048	3,690	177	4,915
Disposals
At 31 July 2022		9,250	90,324	3,720	103,294
Net book value
At 31 July 2022	2,200,000		221,184		2,421,184
At 31 July 2021	2,200,000	1,048	19,062	177	2,220,287

15.	Investments
					Group	Group	Charity	Charity
					2022	2021	2022	2021
	Investment	in wholly	owned subsidiary
	companies
	TDR Training	Limited
	Total investments
16.	Debtors
					Group	Group	Charity	Charity
					2022	2021	2022	2021
					F
	Trade debtors				175,125	229,826	893	12,000
	Prepayments and accrued income				21,206	25,440	8,764	9,123
	Other debtors				80,229	12,738	11,610	8,630
					276,560	268,004	21,267	29,753
17.	Creditors:	amounts	falling due within one year
					Group	Group	Charity	Charity
					2022	2021	2022	2021
	Bank loans	and overdrafts		19	116,450	137,597	69,889	19,620
	Trade creditors				65,235	113,594	17,318	2,063
	Obligations	under finance lease				4,360		4,360
	Amounts due to fellow group undertakings						202,744	194,595
	Corporation	tax payable			18,651	22,613
	Other taxation and social security				51,392	35,492
	Other creditors				19,595	2,125
	Accruals				120,734	91,806	28,541	48,909
					392,057	407,587	318,492	269,547
18.	Creditors: amounts		falling due after one year
					Group	Group	Charity	Charity
					2022	2021	2022	2021
	Bank loans	and overdrafts			622,181	740,494	622,181	740,494
					622,181	740,494	622,181	740,494

				Group	Group	Charity	Charity
				2022	2021	2022	2021
Bank overdrafts				46,561	95,608
Bank loans				692,070	760,114	692,070	760,114
				738,631	855,722	692,070	760,114
Payable	within one year			116,450	137,957	69,889	19,620
Payable	after one	year		622,181	717,765	622,181	740,494
Amounts	included	above which	fall due after five years:
Payable	by instalments			342,625	446,693	342,625	516,195

	Group	Group	Charity	Charity
	2022	2021	2022	2021
Less than one year		4,360		4,360
Between one and five years
		4,360		4,360

For the ear ended 31Jul	For the ear ended 31Jul	2022
			Balance at				Balance at
			1 August				31 July
			2021	Income	Expenditure	Transfers	2022
Unrestricted funds
General fund			1,223,068	1,911,745	( 1,748,029 )	180,000	1,566,784
Total unrestricted	funds		1,223,068	1,911,745	( 1,748,029 )	180,000	1,566,784
Restricted funds
The Ron Dodd Scholarship Sponsorship Trust Activities		Fund	97,919 19,700	180,000		( 180,000 )	97,919 19,700
Total restricted funds			117,619	180,000		( 180,000 )	117,619
Total funds			1,340,687	2,091,745	( 1,748,029 )		1,684,403
For the ear ended 31Jul		2021
			Balance at			Balance at
			1 August				31July
			2020	Income	Expenditure	Transfers	2021
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
Restricted funds
The Ron Dodd Scholarship		Fund	97,919				97,919
Sponsorship Trust	Activities		19,700				19,700
Total restricted funds			117,619				117,619
Total funds			1,351,074	1,790,933	( 1,801,320 )		1,340,687

For the ear ended	31	Jul 2022
			Unrestricted	Restricted
			funds	funds	Total
			R
Fixed assets			2,421,184		2,421,184
Net current liabilities Creditors: amounts	falling due after more than one year		( 232,219 ) (622,181 )	117,619	( 114,600 ) ( 622,181 )
			1,566,784	117,619	1,684,403
Forthe earended31		Jui 2021
			Unrestricted	Restricted
			funds	funds	Total
Fixed assets			2,220,287		2,220,287
Net current liabilities Creditors: amounts	falling due after more than one year		( 256,725 ) ( 740,494 )	117,619	( 139,106 ) ( 740,494 )
			1,223,068	117,619	1,340,687

			2022	2021
Within More	1 year than 1 year and less than 5years			9,279
				9,279

29.	Reconciliation of net move	ment in funds	to net cash flow fro	m operating activities
					2022	2021
	Net income/(expenditure)	for the reporting	period		343,717	( 10,387 )
	Adjustments for:
	Interest paid				9,091	35,054
	Depreciation				4,915	13,303
	Amortisation Loss on disposal of fixed asset				12,118	(2,499 )
	Decrease/(increase) in debtors (Decrease)/increase in creditors				(8,556 ) (12,392 )	( 40,887 ) 116,831
	Net cash (used in)/provided	by operating	activities		348,893	111,415
30.	Analysis ofchanges in net	debt
				1 Aug	Cash	31July
				2021	flows	2022
				R	R
	Short term cash borrowings Long term cash borrowings			( 95,608 ) ( 760,114 )	49,047 67,930	(46,561 ) ( 692,070 )
	Total liabilities Cash and cash equivalents			( 855,722 ) 477	117,091 420	(738,631 ) 897
	Total net debt			( 855,245 )	117,511	( 737,734 )