2021-03-31-accounts - Maritime + Engineering College North West

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		Page
Report ofthe Tntstees	I	to	5
Report ofthe Independent Auditors	6	to	8
Consolidate&i Statement ofFinancial Activities
Consolidated Balance Sheet		10
Consolidated Cash Flow Statement
Notes to the Cash Flow Statement		12
Notes to the Financial Statentents	13	to	21

for thc Year Ended 31	March 2021
						31.3.21	31.3.20
				Unrestricted	Restricted	Totnl	Total
				funds	fimds	fumls	funds
			Notes
INCOlVIE AND ENDOSV&S'IENTS		FRO&VI
Charitable activdties			3
Education &Training				1,890,970		1,890)970	1,930,190
Other operating inconic			2	277,524		277)524	~322 916
Total				2,168,494		2,168,494	2,253, 106
EXPENDITURE ON
Charital&le activities
Education &1'raining				2,134,743		2,134,743	2,199,814
NET INCOiVI 8				33,751		33,751	53,292
RECOiVCILIATIOiV	OF FUiVDS
Total fumls brought	fomvartl			969,852		969,852	916,560
1'OTAL FlliNDS CARRIED FORSVARD				1,003,603		1)003,603	96)9,852

			2021 Group	2020 Group	2021 Charity	2020 Charity
		Notes
FIXEDASSETS
Tangible assets		8	425,988	459,628	425,988	459,628
Investments		9			2	2
			425,988	459,628	425,990	459,630
CURRENT ASSETS
Debtors		10	296,895	274,866	297,288	272,387
Cash at bank			430,663	~413465	~430 268	413,465
			727&558	688,331	727,556	685,852
CREDITORS
Amounts falling	due ivithin one year	11	(103&875)	(173,623)	(103,875)	(171,146)
NET CURRENT ASSETS			623,683	514&708	623,681	514,706
TO'fAL ASSETS I,ESSCURRENT
LIABILITlES			1,049,671	974,336	1,049,671	974,336
CREDITORS
Amounts falling	rlnc at)cr more tlmn one year	12	(46,068)	(4,484)	(46,068)	(4,484)
&VET ASSliTS			1,003,603	96&7 852	1,003,603	969 832
FUNDS		16
Unrestricted tunds					1,003,603	969,852
TO'fAL VUNDS					1,003,603	969,852

IViaritime+ En ineerin ~CII N I I)
Cash Floiv Statement
for the Year Ended 31 ivlarch 2021
		Notes	31.3.21f	31.3.20
Cash flows from operating activities Cash generated from operations Interest paid			84,572 (2)897)	259,402 (3,048)
Interest element offinance paid	lease payments		~2160)	~13523)
iVet cash provided by operating activities			79,515	242 831
Cash flows froin investing activities Purchase oftangible fixed assets			~87)355	82 005
Net cash used in investing	activities		~87,355)	~82,005)
Cash flows front financing	activities
New loans in year Loan repayments in year Capital repayments in year			50,000 (19,409) ~5553	(25,164) ~11,219)
Net cash proviiled by/(used	in) financing	activities	~25 038	~36,383)
Change in cash and cash tlic I'clioi'tlllg lie)'lail	equivalents	in	17,198	124,443
Cash and cash equivalents beginning of the reporting	at the period		413,465	~289 022
Cash aml cash equivalents the reporting period	at thc end	of	430,663	~413 465

RECOiVCH	.IATIO	N	O	F NE	T	INCOiYIE TO NET CASH FLOsiV ltROi&I O	PERATING A	CTIVITIES
							31.3.21	31.3.20
Net income	for the	reporting			perio&l (as per the Statement ofFinancial
Activities)							33,751	53,292
Adjustmcnts	for:
Depreciation	charges						120,996	112,347
Interest paid							2,897	3,048
Interest elenient of		hire	purchase			and finance icasc rental payments	2,160	13,523
(Increase)/decrease		in debtors					(12,071)	12,315
(Decrease)/increase		in creditors					~63 161	64 877
Net cash provi&led		by	opcratioos				86,732	272,925
ANALYSIS	OF CHANGES				IN	NET FUii'DS
						At 1.4.20	Cilsll flolv	At 31.3.21
Net cash
Cash at bank	and in	hand				413,465	~17 198	430,663
						413,465	17,198	430,663
Debt
Finance leases						(5,(i64)	5,553	(111)
Debts falling Debts falling	duc ivithin due ager		I	1 year year		(26,721) ~4,484	10,992 ~41,584	(15,729) ~46,068
						~36,869)	25,039	~61,908
Total						~376 596	7,841	368,775

OTHER	OPERA1'lixtG
		Gi'oill)	Group	Charity	Charity
		31.3.21	31.3.20	31.3.21	31.3.20
Commercial	Training	76,233	274,806
Rents received		138,000	138,000	138,000	138,000
Furlough Scheme		63 291		63 291
		277526	6125tl5	291291	133tl99

				Group 31.3.21	Group 31.3.20	Charity 31.3.21	Charity 31.3.20
		Activity		f.	f.	f.
Modern apprentice Training - engineering Other income Schools		Fducation Education Education	&Training &Training &.Training	1&567,099 181,297 142 574 1,090 970	1,499,549 233,125 197516 1,930 190	1,567,099 181,297 142 574 7,090 970	1,499,549 233,125 197516 1 930 190

Net income/(exp	er charging/(crediting):
	Group 31.3.21	Group 31.3.20	Charity 31.3.21	Charity 31.3.20
		f
Depreciation —olvned assets Ilire ofplanl and machinery Au dltol s I'cln uneratlon	120,996 24,554 11,375	112,347 22,993 11,750	120,996 24,554 11,375	112,347 25,993 10,175

STAFF COSTS
				31.3.21f	31.3.20
IVages and salaries Social security costs Other pension costs				1,043,328 89,833 ~79 187	995,209 78,711 ~78 265
				~1212,348	I 152,185
The average monthly	number ofemployees	during	the year lvas as follows:
				31.3.2i	31.3.20
Average monthly number ofemployees				41	40

				31.3.21	31.3.20
	f70,001 - 880,000			I	I
8.	TAiVGIBLE FIXL'D ASSE'fS
				Fixtures
		Long	Plant and	and
		leasehold	Illaclllllery	fittings	Totals
			8	f.
	COST
	At I April 2020	25,000	479,116	1,143,071	I)647,187
	Arlrlifiolis Disposals		26)938	60,417 ~119098)	87,355 ~119098)
	At 31 March 2021	~25 000	~506 054	~1203488	~1734542
	DEPRECIATION
	At I April 2020	25,000	405,174	757)385	1,187,559
	Charge for year Eliminated on disposal		23,894	97,101 ~119098)	120,995 ~199,098)
	At 31 ivlarch 2021	25,000	~429 068	~854 486	1,308,554
	iNFT BOOK VALUL'
	At 31 hlaich 2021		~76 986	349,002	425,988
	At 31 ivfarch 2020		73,942	385,686	459,628
9.	FIXEDASSET INVESTMENTS
					Shares in
					gl oil p
					undertakings
					f.
	i&IARKET VALUE
	At 1 April 2020 and 31 March 2021
	NET BOOK VALUE
	At 31 ivlarch 2021
	At 31 March 2020

iVIEC No	rth )Vest (Enterprises) l,imite	d
Registered	oAice:
Nature ofbusiness: Provision oftraining		courses
			o/o
Class ofshare:			holding
Ordinary	shares		100	31.3.21	31.3.20
Areate	capitalandreserves			2	2

	Group	Group	Charity	Charity
	31.3.21	31.3.20	31.3.21	31.3.20
	f,		f.
Trade debtors	101,951	86,083	101,321	72,896
Other debtors	1,200	1,200	1,200	1,200
VAT	7,372		7,372	11,387
Prepayments 7II'c188(d (i)col)le	53,344 1.).),028	48,2'13 13(A)40	50,344 133,028	44,970 139,310
Ainu(Ill(a o(vcd to gl'olli)			4,023	2, 5(74
unde)aahings
	296,895	274,866	297,288	272,387
CIIEDITORS: A)VIOU(VTS FALLING DUE IVITIIIN OiNE YEAR
	Group 31.3.21	Group 31.3.20	Charity 31.3.21	Charity 31.3.20
	8			f.
Other loans (see note 13) Finance lease (see note 14)	15)729 111	26,722 5,664	15,729 111	26,721 5,664
Trade creditors	41,146	85,005	41,146	85,005
Social security k.other taxes	24,936	24,422	24,936	24,422
VAT		2,476
Other creditors	953	4,834	953	4,834
Accrued expenses	21,000	24 500	21,000	24 500
	103,875	173,623	183 878	171 146

12.	CREDITORS:	AMOUNTS	AMOUNTS	FALLING DUE AFTER MORE THAN ONE YEAR	FALLING DUE AFTER MORE THAN ONE YEAR	FALLING DUE AFTER MORE THAN ONE YEAR	FALLING DUE AFTER MORE THAN ONE YEAR	FALLING DUE AFTER MORE THAN ONE YEAR	FALLING DUE AFTER MORE THAN ONE YEAR
						Group		Group	Charity		Charity
					31.3.21			31.3.20	31.3.21		31.3.20
Other loans (see note 13)					46,068			4,484	46,068		4,484
I'inance lease (see note 14)
					46ll68			4 484	46II68		4,484
13.	LOANS
	An analysis ofthe maturity		ofloans is given			belotv:
									31.3.21	31.3.20
									f	f
	Amounts falling	due tvithin	one year on demand:
	Other loans								~15 729	~26 721
	Aniounts falling	due bettveen		ttvo	and five years:
	Other loans —2-5 years								46,068	4 484
14.	LEASIiNG AGREE8MENTS
	ivliniiiiuili lease	payments	fall	due as folloivs:
									Finance leases
									31.3.21	31.3.20
									f	f.
	Net obligations	repayablci
	Within one year								I I I	~5664
									iNon-cancellnblc
									operating	leases
									31.321	31.3.20
	Within one year								29,371	22,104
	Bettveen one and five years								67,731	~63 972
									~97 110	~86 076
15.	SECURED DEBTS
	Thc folloiving secured debts are included tvithin						creditors'.
									31.3.21	31.3.20
										f.
	Finance leases								111	5 664
	Debts are secured on the assets			held under finance lease agreements.

0'IOVEIVIKIVT IN FUNDS	0'IOVEIVIKIVT IN FUNDS	0'IOVEIVIKIVT IN FUNDS
							Net
							nlovclncnt
						At 1.4.20	in funds	At 31.3.21
						f,
Unrestricted		fumls
General	fund					969,852	33,751	1,003)603
TOTAI. FUIVDS						~969852	~33 751	1~003 603
Net movement		in iilnds, included			in thc above	are as folio&vs:
						Inconl ulg	Resources	Movement
						resources	expended	in funds
Unrestricted		funds
Gcncral	fund					2,127,806	(2,094,055)	33,751
TOTAL	FUINDS					2,127,806	~2,094,055)	33,751
Comparatives		for movelnent		in	fumls
							Net
							laovclaclrt
						At Ixb19	in funds	At 31.3.20
								f.
Unrestricted		funds
tieneral	fund					916,560	53,292	969,852
TOTAL	FUNDS					916,560	53,292	969,852
Comparative		net movement	in	funds, included		in the above are as folio&vs:
						lnconllng	Resources	Movement
						I'csonlccs	expended	in funds
Unrestricted		funds
General	fund					2,253,106	(2,199,814)	53,292
TOTAL	FUNDS					2 253,106	~2 199814)	~53 292

				Nct
				Illovenl eat
			At 1.4.19	in funds	At 31.3.21
Unrestricted		fumls
General	fimd		916,560	87,043	1,003,603
TOTAL	FUNDS		916,560	87 043	1~003603

			hlcolnhig	Resources	lvlovement
			resources	expended	in funds
				f.
Unrestricted		fumls
General	fund		4,380,912	(4,293,869)	87,043
TOTAL	FUNDS		4,380,912	~4 293,869)	~87 043