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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|
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|Company|Registration|Registration|Number:|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||||
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|||||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)|
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||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|
##
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||||||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|
##
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|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|
##
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|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|
##
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|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:|who received total employee|benefits|(excluding|employer|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|
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||Long leasehold|land|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|
##
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|||||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|
##
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|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|
##
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||||2022|2021|
|---|---|---|---|---|
|Within
More|1 year
than
1 year and less than 5years|||9,279|
|||||9,279|
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|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 )|