Company registration numb¢r.' 01219838 Charity registiion number.. 507573 Kirkdale Industrial Training Services Ltd (A c4)mpany lirnitrd by share capital) for the Yur Ended 31 March 2021 •A4)idTQNI' 22112rd021 COMPANIES HOUSE AaV8VFW2" OWOir2022 COMPANIES HOUSE *AA)W6YQ" 22112ric$21 COMPANIES HOUSE A01
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Walker & Sutcliffe Stawiory Auditors 12 Greenhead Road Huddersfield we Yorkshire HDI 4EN
Kirkdale Industrial Trnining Services Ltd CoDteDts Referce and AdEllitiRstrative Detsils Strai¢gic Report 2to6 TNsttes' Rewt 710 10 Ststemeni of TTUStees' Resp?$11111les Independerf AudiloTS' Repon 12to15 Consolidated Ststement of Financial Activilies 16 Con$olidated Balance Sheet 17 Balance Sheet 18 Consolidated Statement of Cash Flows 19 Not¢s ¢0 the Financial Ststements 201034
Kirkdale Industrial TrainiDg ServAces Ltd Referenet and AdminlJtraliv¢ Details Trnslees A M DeDford Gjsh H L Thornb¢r J Wright S Bonfft Stcretsry Prineipl Offiee Kirkdale Ho Brighryjse Yorksbi HD6 IQF Kirkdale House Regi¥t¢r¢d Otfe Brighouse West Y(kshire FID6 IQF The ch•ity is incowed in England & Waks. 01219838 Compathy Registration Number Charity RegiItr*tlo Numbtr 507573 Solieitors The Fire sl0n Dean Clough Mil Halifax YoShir¢ HX3 SAX nkers Lloyd5 Bank Commercial Stsret Ho1ifax HXI IBB Auditor Walker & Stst¢liff¢ S¢atutory Audir5 12 Gretnhead Road Huddersfield West Yorkshire HDI 4EN Page I
Kirkdale Industrial TrainiDg Services Ltd Strntegic R¢port for the Year Ended 31 M%r¢b 2021 The tNstees. who are direclors for the pwposes of tomp3ny law. preseni their Slrnlegic report for the year ended 31 Mar¢h 2021, in thnpliaDc¢ with s414C of th¢ ComFJ3nies Aa 2006. F¥lr review ofbusiness The Ch¥rity did not trade nomwljy in the year ended 31 MCh 2021 ITIng signifit eXtraordiTry expend1tht and g¢neTrting no income * •ll after 30 June 2020. R¢s¢rves have fallen xcordingty. In April 2020, th¢ then CEO advised the then Tnte¢S [0 Tr¢e5) that he had been urtabl¢ to appoint or even identify a 5uithbk ¢ontra¢tor io deliver the Further Ethcation ekment of the Charity'$ AFyenticeship programme to rtplace Calderdale Colleg¢ which had notified the Charity that it would be renewing the existing relationship. He advised the Old TTUStees in the light of the worsentng trading conditions as a nsequence of the rapidly developing coronavin pandemic, il would not be possible. in hts opinion, for the Charity to offer training 5¢ryices and fxililies for the up¢omin8 acadEmi¢ year aTHI that an alternative strategy Should be consi&red , including the option of ceasing to trade. The Okl Tnte¢S authorised the CEO to investigate the feibility •nd Consequences of Closing the Charity dowiL On 10 June 2020 the Old TteeS decid¢d that the Charity 51wuld ¢¢ase trading ort 30 June 2020 and authori5ed the CEO to proceed arcordingly. Beeen then the end of August the CEO and his t¢#rn nolified the ESFA of the decision, fmished or traSferred the remaining 267 active len¢T5 to other PTowiders, terniinakd the employment of training Staff, negoiiated eJthan¢¢d severance pxkages for the CEO and senior mamagers. setured an offer Subject to contra¢t. for the sale of th¢ Charity's freehold training facility in BTighous¢ (Site) and decommissioned and amnged Jn auction sale of all th¢ Charity's plani, machinery and equlpment. The Old TnlS dld not w]sult the Memtrts of the Charity. many of whcffj were estsblished u5¢rs of the Charity's service4 until 30 June 2020 when th¢y distyitrtrted a lett¢T advising the Mernb¢rs that the apprenliceship training SineSS had Closed. On becorning aware of the actions of the Old Trnsiees, Members responded angrily being satlsfJ thai given the strength of its balance shed attd propts managemenL the Charity could only survive but prosper &$ a going concern." The Mernber5 established an action group to challenge and reverse the decision to Close the CharRty and to remove the extsling Old Trusiees from office. Facing a vote of no confiden¢t and the threat of MOV8] by resolution pursuant lo section 168 (1) Companies Ath 2(6. the Qld Tn1¢¢$ cancelled the. Hiirtion and th¢ property sale. appointed four nomintts from th¢ action group &8 additional Trustees (New Tntstees) and on I I Sepiemb¢r 2020, en bloc. since whith tsn¢ the Charity ha$ (¥T¢d un&r the c4mtrol of the New Trn5t¢¢s. Having preserved the Charity's Cppital assets. the focus of the New TrUrtS since their app)tntsneM has been to re<stsblish the Charity as the provider of facilities to a55iSt in the provfftsion of industrial and conjmercial training. a task made signtficantly more difficuh by virtiK of the fa th* the actioJ)s of their predecessors resulied in th¢ removal of the Charity from the Register of Appwentictship Trnining Providers. In the p¢riod between SewembeT 2020 and March 2021 the New TrUrtS undertrrtjk an exhausti¥e due diligence pmcess out of which no less than 5 potential strategic partsiers. would be able to assist the Crity to TeThenier the markeL were identified. Ultimatety the Charity eniered into an #Tranganent with Calderdale College to ensure thai the training of apprentices from the Sit¢ would recommence from the start of the 2021122 a¢ademic year. In the short tenn the Chwity's involvement 1$ based on the licensing of the workshops within the Sile its. machinery. plani . equipment and otber faciliti to genee th¢ limited irtcome stream required to service its minimal outgoings witil su¢h time as the direct delivery of apprenti¢¢5hip training and other services can be r¢5tored. Page 2
Kirkdal¢ Industrial TrainiDg Services Ltd Strategie Report for the Year Ended 31 Marcb 2021 Fiminci*l review For th¢ Financial Year ended 31 March 2020 the Charity reported iotsl incom¢ of £1,785.724 (including £1.713.997 from Trainin8 Attivili¢s}, exdire of £1.759,067 and a SUrPh of £26.657. For the Finan¢i¥l Year ended 31 March 2021 the ChaTity r¢TK)rt¢d iotsj income of £130209, (including £61,369 from Training Activiiiesl eXl'luTe of £l.112.931 and 410s5 of £982.722. Appreniiceship fiing ceased on 30th June 2020 on whith its¢the Old TntteS Closed that bUs1rSS do. No income wa5 8¢n¢ra¢ed from either the provision of Health & Saf¢ty trainin8 or the letting of Cthiference Centre Én the Financial Y¢¥ as no commercial trading was able io tak¢ place as a resuli of the decision of the Old Trusttts io close Jnd decommission the Site and the lockdowtt restrictions imposed durtng the coronavirns pandemic. Notivithstandyng the absence of tsading actiVAty, ov¢TrII eXp]Ire decr¢Lsed by onty £646.136 #gain the previous year because of the extraordinary expenditure whith the Charity vds obliged io incur as a cons¢quence of the decisions taken by the Old Tn1¢¢$ to c105e and d¢Trun$s1on the Siie. Extraordinary expenditure included the funding of clawbacks demanded by the ESFA. the paent of sigrtificantly enhanced severw]¢e packages io the CEO and his senior manag¢meDt team, kgal fe¢$ aTKI the cosi of wo$ whith the New Trustees were obliged to wiikrtake to recommission and make safe parts of the infrastrucruTe of the Site. plani ma¢hinery. and equipm¢n¢, b¢fore it could be offered to strate81¢ parfner5 foT Commercial use. As # cons¢quence. Cash Reserves decreased from £2,496.103 to £1.593,843. a d¢uease of £90226Q (36•h). Nevertheless the Charity's ov¢rall financial position remains stron8 with Net Current Assets Teported on the batante sheet to £1.461.316, which suppons the decision of the New Trustee5 to chall¢nge and then rev¢ the decisions tskett by th¢ Old Trustees and to preserve and to c(mtinu¢ to operate the Charity a going concern. Pa8e 3
Kirkdale Industrial Tr4illiDg Services Led Strat¢gi¢ Report for the Year Ended 31 March 2021 Finnei81 review Pollry resrves The Old Trustees e5tiJnated what amoutrt of the Cbarity's fttt reseThes, i.e those funds not committed or invesied in tangible fixed assts. they may need io a¢¢ess in order to sustain the operations of the Charity througboui any period in which some of the chity'S income genernting #ctivities mIt be (emraTity Curtailed concluding that for the Financial Year to 31 m?h 2021. the appropriate figure would be £880.000. In June 2020 the Old Trusiee5 d¢Gided to close down the Charity's training business. to IRquidate its langible &%sets to create a fimd io be deployed for providing grants and oth¢r fcfflns of assistance to apprenti¢es trainees and otheT individuals employed or ijrtending to be employed indu5ty and commerte IM Kirkle¢5 Calderdale. r¢nd¢ring their Pollcy on Re5¢rv¢s otiose. When the New Tntsitts took offitt in Sernember 2020 &% a cthwqu¢nce of the decisions t•k¢n by the Old Tntstee5, th¢ Charity was genertmg DO incom¢ and had incurred significant liabilities which had b¢¢n mel out of reserves. The ad hoc policy adopted by th¢ New Trustees was io protect the remainin8 Teserves lo the mest extent possible by minimising the Chatity'5 expenditure whi]si exploring all opportuniiies fJNly, to geTJ¢rate sufficient income in the short tern) to service its essential outgoit)gs and secondly. in the longer iern), to allow the Charity io viab]y Te-enter the direci training tnark¢t in some ¢apa¢ity. At 31 March 2021 the Clwity'5 fr¢¢ reserves were £1.461Jl6. The Policy on Reserves will be rewi¢w¢d annually as the re•N>Sitioning of the Chartry ¢Oniinue5 kn develop and gather Jnomenlum. lnves1n1POI1ry •nd•bie¢llveJ Und¢r the Memoranth of Assttiation the Charity h&8 power5 invest any monies An any monner the Trustees wish. HavirtE Tegard to the liquidity rtqUTrtments of the Chlty in connection with fundtng the ESAF tlawbacks and the costs of re-Cl)mmis5ioning the Siie and making safe the plani machinery and ¢quipm¢ni io make it available for commercial lening the New Tte£S ve continued to ke avatlable fimth in thort temi money mork¢t deposits. Page 4
Kirkdale Industrial Training S¢rvi¢es Ltd. Slrategi¢ Report for Ihe Year Ended 31 Manh 2021 Plani for fwlure per¥$ Aims ondkey oblectslorf4h¢reperloO On tsking otTJce in SewembEr 2020 the N¢w TruMees rame to realis¢ the fvll txtent of both the physi¢al damage (to the Site) and the repu¢ationa] d•nage whith the Chariry had suffered &% a direct consequence of the dlsiOnS and actions taken by the Old Tntst¢¢5 in closmg do the training business and decommissioning th¢ fa¢ilities. The thort temi objective was io rtbuikl the credibility of the Charity 8enernlly and the confidence iti the Charity of the third parties including apprentices. supplieT& straiegic pwthers. funth5 and the ESFA, all of whom had been aff¢¢ted by the iotsliy unanticipated decision of the Old TnLStees imrnediatety close dowTr the Charity's trainiog oFwations. Having been T¢moved frorn the Regitr of ApFYoved Trainittg Providers. the Charny was no longer abk to apply io ESFA for governrneni funding to PTovide apprenfice training 3nd li was realised thai the Charity wovld need to 80 through a period of rehabilitation and rtconciliation before it would have any chanc¢ of making a sucvssl applicalion arml be abk to deliver tiainll¥ itself. In the meantime the pUrye buih site. the Worksho the training faciliti plant machinery ¢quipment were Stsnding idk. In order to fulfil their clwitsble obje£tives the Trustees needed to ideniify and make arrangements with one more strategic pattrers who would utilise the facilities for their intended puryh)se. To that end the Chwity entered into a licence agreement which allows Calderdale Colleg¢ to occiipy part.of the Site and use the ¢quipmeni for th¢ training of 4)prentice5 in cons1derati of a monthty occupati¢)n fee which the Charity will use io defray its expenses. Stsff have been and wÈll be recrniied io manage the Charlty's fanCial. operational and athninistrative fimctions with a view to the Charity being abl¢ to provide trainin8 ID Health and Safety and to offer ¢{ferenCe facilities lo incre&%e Inrne. They e also chaTged with inleracling with employers io ¢stsblish their training n¢eds with view to increasing the membership of the Clwity. Ne8Qtiations ar¢ wntinuing with training providers iti other se¢tots who might 0UpY other parts of the Site on similar basis to the College and discussion5 are well advanced with an Internatila1 franchisor which might lead to the Charity being authoTised w diredly offer a unique technical trainitig p¥kage as th¢ UK traitjing . centre for this revolutionary pr¢1. The Charity has retaiiied the services of .an extremely experienced and well qualified individual on a onsultsncy basis who i5 tasked with in¢reasAtig the Charity's profile and improving its relationship with similar (Yganisaii(is, NGOS, local. Tegional and nional governmeni inltIOnS both as part of th¢ rehabilitalion / onciliaiion exercise and to identify pannership or ¢ollaboMioti (wKYttmities which mitht further enhance the Charity's reputation and profile. The Charity is in the process of chgIng its narne to we YorkshiT¢ MaTrufacEuring servi (WYMS) and is Upwdding its Amag¢. Page 5
Kirkdale Industrial TrainiDg Services Ltd Strategi¢ Report for the Year EDded 31 March 2021 Prlnelpdlrt¥ks aRd¥K¢rt4lMdes The trustees have a risk management Strdtegy which comwises of an ongoing Teview of the risks the charity May face. As part of th¢ ltrolS assurdTKe proces& a risk register. whi¢h evaluates and gr4¢Jes the likelllwod of occuenCe and poienti81 impacl of risk has been dra up. The straieBi¢ Teport approved by the truM¢e5 of the charity on 16th December 2021 and $ld on its behalf Company S A M Denford Trustee Page 6
Kirkdal¢ Industrial Training Services Ltd Tnutees, Report The trustee5. who are diredors f¢x the purrw of company law. present the aMu•l report together with the ' finan¢i21 statements and auditors, Teport ofthe ¢haritsble compatty for the year ended 31 March 2021. Trnstees C Somers (resigned I I September 2020) M Proct¢r (SIgned I I Seoember 2020) W D Cttrrie {resigd I I Septemb¢r 2020) D Edwards (resigned I I September 2020) l R Holdsworth (resigned I I S¢ptemi%r 2020) D Brennan (appoinitd 10 February 2021) A M Denford (appointed I I September2020) J Richard {appornt¢d 29 MaTcb 2021 #nd Tesi8ned 4 August 2021) L T Smith {appoinied 29 March 2021 and T¢s1d 4 Augum 2021) G J Shon (appointed I I SeNembeT 2020) H L Thornber (appoint¢d I I September 2020) J Wright (appoinied I I September 2020) ObjeclSves and •clivilies ObJ¢tts undoimf The objtclhves of the ¢knity are &fJned in its Mem(Yandum of Associ10 and may be sUrnTrsed as follows'.- . to provide facilitie5 for and undettake and assi in the pTovision of in(kTIal and commercial training" io g¢n¢rnlly supervise and fiyther the industrial. coJnm#¢i41 and general ¢thKion of modern appremiceship li$ and persons seeking rerytraining and upskillin&" • to tt8anis¢. c¢Trordinate and fvrther all training of the above imdu5trial and couunercial seciors within mernber and other comwdnies and oth¢r OTganisaii4)ns for all kvels of ernployees. . to provide equip and cary on trainin8 centres. W00pS. librari lecttwe or other fa¢ilili¢s for training and education. • to provide advice a)d teclmical lstanCe for businesses and wi%ations in the carrying ou¢ by them of the training of their own ¢Tnployees" . to work in ¢onjunciion with govenllnent ldI¢s, tectrthical ¢olle8es oth¢r ethicational or public authorities in the provisRon of industsial and Commexci trainin8 oreducion" ' where pts55ible to provide assistance by d>tainin8 gT#nts or othenwtse •)d redistributi¢)n lo individuals employed or intending to be ernploy.ed in industy ajd (nMeTre to tn•ble them io Acquire training or education. Page 7
Kirkdale Industrial Training Services Ltd Tru$te¢s' Report The charity the general aim of contribution io the economy of the SUTroWlDg area and the quality oflif¢ of the.people by iJnproving theiT ski115 and employment oFvOtlI1¢$. The motn obj¢¢tives f( the year tontinu¢ to be as s¢t (Mrt above. Th¢ strategies employed to achieve the charity's objectiV¢s are to:. • offer OFpornthiii¢5 for people to acqiiire 5kilJs to improv¢ their prosF¢cts: . provide and maintsin the fxilliies foT this to be xhie¥e4" Celebrate the diversity of cth in society by offering ADcIu5iv¢ opp1(1 w all. The major areas of activity are the provision of engineering and motor vehicles tiaining funded by the Skills FdIti8 Agency and the provision of 51HKt cowses ID skill5 Such as health and safety aw¥T¢ll¢5s. and inforniation technolw. Pxbli¢ ben¢Jli The charity has the general aim of conthThuting ¢0 the economy of the surnwrtd area and the qualty of life of the people by irnproving their skills and employment oppornmiiies. The trusiees confirni that they have tomplied with the reqyirements of section 17 of the Charilies All 2011 to hay¢ thie regard to the public benefit guidance published by the Charity cnI$S1On for England and Wales. str¥¢tr@ goverDan¢¢ •Dd Kirkdale Industrial Training servic Limited is a COMpY limited by guaraniee governed by its Mem(nndum and Arts¢les of Association daied 28 April 1975 a1 •n¢J)ded io allow foT current govern¥nry amgements on 29 April 2003. It is registered as a charity with the Charity Commission. In the main the CoMpY'S memkrship is individuals representing memE¢r companies. with exceptions at the discretion of the Executive Board. In the event of the company windmg up. each memi%r agrees io cuntribuie an amount not cxceeding £10 towards the yment of (kbts and liabiliti¢5. As sd out in the Articles of Associati the Board Consists of the Chainnan and Vite Chainxan of the company, who shall be m¢mbers ex olTicio, and memttrs apwTrinted by the CpanY in Genernl Me¢ting each of whom shall be chosen representing e of the F¢rsons or Ixjdies which are OTdinary members of the company. Where a va¢ancy arises among the trustee4 the Execuiive Board may appoint a person io fill il. The Irustee so apwjinted shall hold office on]y until the next Annual General Meeting at whith h¢ may stand for r¢-el¢rtion. Ind#cdon And1lnZ oftr#sirts A formal TThstee Indudion Progran¢ of ffle day duTrtion has been estoblished. The prornme covers strate&v, board process and corpore governante i$5ues and is led by the thairnian and chief executive. The day is then rolled out lo indivRdual members of th¢ senior management tegm who cover their own separate business Iinits i.e. skills tratning, busin¢&5 services, Fwnnel. flllance and health. safery and enviro]unentsl issues. The programme ¢on¢ludes with a Tevicwlfeedback dI5$s1on wffh th¢ thair and chief exeCl¥e. Page 8
Kirkdale Industrial Training Services Ltd Trustees, Report Arr47n8emeMtslorselllnz Ary m•hrfz¢J¥KRiperSonnelrem#nepo The Tte¢S of the Charity annually revi¢w and determine the remunerion of a]1 Seni(Y Managem¢nt and staff ineludimg inflationary uplifts and Perfornian¢e Related Payments RP) where approprie. The m¢ding 15 held in Committee and written MInS confrm prtKeediDgs 1 decisions reach. All Tn]$tees give their time freety and receive no remunerniort whatsotvu in the 2020ni Fin¢1#1 Period a5 dis¢105¢d in note I I to the accounts. orz0ntsadon$tThly1¢r¢ The Executive Boar which comwises of the Board of Trustee5, administers the charity and meets quanerly. A chief executive is appoinied by the trustees to mana8e the day to day operations of the charity. The chief ex¢¢ulive has delegated authortty from the Executive Board f¢x all operational mattews. Related prti¢J Conferencing facilities art admitll5t¢r¢d by a seperale nO04hble trading subsidigry, Kirkd#k Business Service5 Limited. During the year, the Charity engaged the service5 Of Chathvick Lawrence LLP, ¥ bu5in¢ss in which the Cbaritys secretary is a parkner. All matt¢ws were undertaken at anns length. on a comtThercial basis al market ratrs. Also. during the year th¢ Charity engaged the services of 6£ UK Limitrd Va Colchester Mathine Tools, a bu5in¢ss in which one of the ChaTity5 tTU51ees is a director. All matters were undertaken at anns length. on a c{eI31 basis at rte$. Di5c105ure I the stralegit report Th¢ charity has disclosed achievements ond F%rfornwice. PTincipal risks and uncertainties and fwan¢ial review within th¢ Strategic Report. MAlor •hdJvwn4ienxnl •fthose rbs The Iruslees have a risk nWLagem¢nt strategy whj'ch COmPTiS¢5 of an on8oin8 review of the risks the cljariry may face. As part of the controls usurJrK¢ process a risk regis¢¢r. whith eValue9 arml grades the likelihcd of occurrence wjtential impxt of risK has been drawn up. Page 9
Kirkdale lttdustrial Training S¢rviees Ltd Trustees. Report Diselos¥r¢ of inforrnatAo io Juditor Each trustee h&% tak¢n sleps th they ought to have tsken as a trusiee ID OTder to make th¢ms¢lves awaTe of any r¢l¢vant audit infornwtion and io e5tsbli5h thai the ¢haritys auditor 15 awaTe of that inforniation. Th¢ trUee$ confTh thai ther¢ is no relevani Anf4)rnwtion that th¢y know of of which they know thc auditor is unaware. ReppoiDtm¢nl of #ditor In J¢¢ordance with section 485 of th¢ Companies Act 2006. a resolution for the re*appointmeftt of Walker & Sutrliffe as audiior5 of the charlty As to b¢ pro ai the fortknming Annual General Meetin8. Th¢ anrARI report wa5 aFvroved by the truthes of th¢ ¢hJrity on 16tb D¢¢¢mber 2021 #nd $iRd on its behalf by.. riel Com relary A M Denfor Trustee Pa8e 10
Kirkdak Industrial TraiDing Services Ltd Sta¢¢meDt of Trusltts. Responsibilities The tntstees (who are also th¢ diJ¢¢tor5 of Kirkdale lryluthaj TTainiD8 Services Ud for the puoSe$ of ompany law) are responsible for preparing the thJstee5' report and the fmancial ststement5 in ardance with the United Klngdom Atcounttng Standanls (Utiited Kingdom Generally Accepted Accounting Prxtice) and applicable law and r¢gknlatiMs. Company law requires the (eeS to prepare financial sements for ¢4ch fina1 year. Un&r company law th¢ tru5t¢es must not approve the ffftancial ststements unkss thty gre Satisfied that they give a tnje 8nd fair view of the state of affairs of the thaTilable company and of its incoming resources and applicati of resources. ncluding its income and expcnditurv. foT th period. In weparitig th¢5c fiDcial siatements, the trustees are required to: select suitabl¢ attowiting policie5 and appty th¢m u)n5i•" observe the methts attd principks in the Chariiies SORP. mak¢ judg¢men15 and estimaies that are Te850nable and pNdeni state whether applicable UK A¢UntIng Stsndard% h•v¢ been followed subject io rnaterial departiires di10$ed and explained in th¢ financial stements" and prepare the fuuncial eMentS on the going wn¢ern basls uokss it is inappropriate to presum¢ that the charitable company will continue in busiD¢S5. The trustees are reswisible for keeping adequaie accwnting rewrds thai are sufficient to show and explain the £haritable company's Iran5action5 and disclose with re&wnabl¢ ara¢Y at any time the financial position of the haritable company and enable them to ensure thai the financial staternents comply with the Companies Act 2¢W6. They are also responsible for safeguarding the Sets of the charitsble company hence for tsking reasonable 51¢ps for the preveniion and d¢t¢dion of fra4 and other irn&ulgrities. Approved by the trustees of the chaTity on 16th December 2021 and sid Im its behalf ty.. A M Denford 'InJstte Page 11
Kirkdale Industrial TrainiDg S¢rvie¢s Lld IDdepende•t Auditor's Report to tbe Members of Kirkdale Industrial Training Services Ltd Opinion We have audii¢d the fnCIal s¢ents of KId81t ]ndu5trial Trainin8 Services Lid (the 'thlIable parent ompany.) and ils 5ub5idiaries (the wup.) for the year tnded 31 March 2021, whith comprise the consolided Statement of Financial Aaiviiies, Con501idated Balance Sheet. . Balance Sheet, Consolidated Staiern¢nt of Cash Flows and Notes ¢0 the Financial Ststements. including a summary of Signifint accounting policies. The fLn8claI.rep0rtiftg fTrmework that h*5 been applied in their prepardtion is United Kingdom AontIng Standards. Comprising Charities SORP - FRS 102 The Financial Reportitig Standjrd appltcable in th¢ UK and Republi¢ of Ireland and applicable law (United Kingdom Generdlty Accyed Accounting Practice). In our opinion the financial ststonents: give a trne and fair view of the se of the group's and PaT¥llt Charitys affairs as at 31 March 20218nd of the grovp's results for the year then ended. have b¢¢n properly Jwar¢d in accordance with Vnited King&sm Genually Attepted A¢counting Practic¢" have been prepartd ID ¥rdance with th¢ requirements of th¢ Cornpanies Act 2006. Basi$ for opinlon We conducted our audit An accordance with loternatial StsndaTds Audiiing (UK) (ISAS (UK)) and ¥ppli¢able law. Our responsibilities under thOse.Stsndtr 4r¢ fiuther described in the Audiior's r¢$pon5ibiltiies for ihe audit of the f]naTr¢ial stakments section of our report. We are independent of the youp Rti ttecordance with the ethical requirements thai are relevant lo our audit of the fmancial ststements in the UK. irtcluding the FRC'S Ethical Standard, and we have fulfilled our other ethi¢al responsibilitie5 in ardance with these requirements. We believe that the audit evidenc¢ we have oErtain¢d 15 suffi¢Aent aDd appropriate io provid¢ basis for ouropinion. Contlusion$ relating to going eo4¢er In auditing the financial statements, we have concluded that the trustees, use of the goin8 a)nc¢m basis of accoi]niiDg in the weparntion of the fm8ncÉal swements is appriyiale. Based on th¢ work we hav¢ pErfornI we have not identified any material UnCatsin¢ies relatm8 io ev¢nts or onditions individually or collectively. may (ast signif1(a on the emitys ability" to continue as a going nCern for 4 peri1 of le&st Th¥¢Jve months from wben the financial ststem¢nts are authorised for issue. OUT Tesponsibilities and the reswisibilities of the ITUStees with respe¢t to goin8 concern ¥¢ described in the relevant sethims of this report. Page 12
Kirkdale IDdustrial Training Services Ltd Independent Auditor's Report to the Members of Kirkdal¢ Industrial Trgining Servites Ltd Other informatio The trustees are responsible forthe other Inform The other inforniatiOD comprises the illforn)4tion included Èn the annual rewt. other than the f¢181 SeMentS and our audttor's report thereon. Our opinion on the finan¢ial 5talemenis thes not cov the other inforntIon arf except to th¢ ¢xt¢nt othenwise explicitly stated in our report, we do not express any forni of assurance conclusion thereon. In connedion with (IUT audii of the finan¢i81 ststemrn4 our Trsponsibility is io re•d the other inforniation in doing so, consider whether the other infomjation is merialty I)n$1cl Ivlth th¢ fLnancial ststements or our knowledge obtain¢d in the audii or othen¥ise appears to be materially misststed. If w¢ identify such meri•l in¢onsisiencies or appar1 maierial missw¢ments. we are required to deiemjine whether there is a material misstsiement in the financial ststements or a material mAssMement of the other information. If. based on th¢ work w¢ have perfornied, we con¢lude ther¢ is a material misststemenl of this other infonnalion, we are required to report thai fxt. We have nothing to report in thi$ TegaTd. Opinlon on other matters prucribed by the Compniu Act 21M6 Jn cw opinion. bas¢d on the work undertakeD in the course of the audit: the infonnation given in th¢ Strategic Rewi and Trustees. Rep)rt foT the fuwicial year for whith the financial statements are prepared 15 ¢onsiMeni with the fall¢la] ststements: and th¢ Stratrgic Rep)rt and Tntsiets, Rewrt have been prepared in accorthnce with applicable legal requirements. Ma¢t¢rs on which Ive ar¢ required to report by exttptiott In the light of our knowledge and understsnditig of th¢ 0UP and the par¢nt charitable company its environment obtained in the ¢ours¢ of the audit we have nol identified mateTi•I mi5Statements in the Strate8lC Report and the Tr1¢¢$, Rerl We hove nothing to report in respect of the following maiters wheft the Companies Act 2006 requires us io report to you It. in ouroplnlon.. adequate accounting records have not been kept by the p•r¢nt charitable CLMllpAny. or Teturns a&quate for our audit have not been received from branches not visited by or the parent ¢hantable company fwthncial 5tst¢m¢nts are not Ati agr¢¢11 with the accountin8 Tecords certain disclos¢5 of tnCeS remunerniion specified by not made" or we hav¢ not received all th¢ infonnatiijn and expl¥Dion5 we require for ow audit. Respottsibili¢i¢s of trustees As explained more fully in the Statement of Tr1¢¢$. Responsibiliti (sel oui on pag¢ I l), th¢ ISteeS are responsible for the prepardiis)n of the fman¢ial staiements and for being utisfied thai they giv¢ a tme and fatr view, and for such iniernal control as the trusiees detumine is necessary to enable the preparation of fmancial $tatem¢nls that are free frorn rn*erial misSeM¢nt. whether due to frdud or emx. In prepanng the fmancial slaiements, the tntts are resFx)n5ible for assessing th¢ charity's abilty io tonttnu¢ a5 a going concern, disclosin& as applicable. matters related to going concern and using the going concern basis of accounting unless the trusttts either intend to liquidate the charity or io ce&s¢ OFmtions. or have no realistic alternaiive but lo do so. Page 13
Kirkdale Indostrial TrainiDg S¢rvi¢e5 Ltd
IDd¢peDdent Auditor's Report to th¢ Members of Kirkdak Industrial Tr4iniDg Serviees
Ltd
Auditor's rtJpoDsibilities for th¢ •udit of the finaw¢iil sttem¢uts
Our obj¢¢lives are to obtaim reasonable &SSUTance about wbether the fin¢111 StsM w a whole ar¢ free
from material misststem¢nL whdher due to fraud or ern. and io issue an auditor's report that includes our
opinEon. Rusonable &SSUTanc¢ is a high level of &ssurdn¢¢, but is not a guaranttt that an audit ¢ondu¢ied in
a¢cordan¢e with ISAS (UK) will WayS ddect a merial rnisststement wln il exists. Misstat¢ments cgn ¥Jise
from hud or error and are Considered m2t¢rial if. individually or in the aggregate, they could reasonably be
expected to influence the economic declsions of users tsken on the basis of these fmanctal statements.
I¢gularities. including frau art inSts of noD
Kirkdale Industrial Training Services Ltd Jndependent Auditor'$ Report to the Members of Kirkdxle IndustriaR Training Services Ltd We id¢ntifi¢d areas of laws and regulions that Could Yeasonabty be expected to have a material ¢ffe<t on the financial atements from our generdl rommercial expenence and throu&h discussion with the tru¢es and other management. We discussed with th¢ trYS and other managem¢nt the poltcies and prT¢S regardltig Complian¢¢ with laws and regulati(XLS. We )rrOb0¢d our enquiJies thr{ Teview of board minutes and view of cmrespondence with other Tegulattjry bodies. We communieat¢d identified fraud ri%ks thr[ghOUl the audit ten Ind mnained alert to any irtditatRons of fraud throughout the audit. Audiiing Matxdards limit the required audit pnKeihwe5 to idenilfy nonompliance with these law5 and regulations to enquiry of the trusiets and otrr rnanagement and inspection of regulatory and legal Co¢SpOndenCe, if any. Ther¢for¢, if a breach of operation¥J regulations is disclokd io w or evideni from relevant correspondence. an audii will not deteci thai breath. Owing to the inherent limitations of an audiL there is an urtavoidable risk we may rtoi deled some material misststements in the financial ststements, even though we hav¢ properly planned a)d perfornJ¢d our audii in accordante with auditing slandards. For example, the further removed nonwcompliance with laws and regulations is from the events and tsansactions reflected in the financial 51at¢ments, the kss Ilkely th¢ inheTently limited procedur¢$ required by 8udiiin8 stsndarth would identify ii. In addition. &s with any iudil there remained a hi&h¢r risk of DOlI-deiedion gf as these may involve ollusion. forgery, misTepr¢sentations or the override of internal ntrol$. (kn audi¢ prncedwes are designed to detect mat¢Tial missiement. W¢ not responsible for prev¢nling nOnweP]Jan¢t or fraud and ¢aftnot be ¢xpecied ¢0 detect non•compli8nce with all laws and regul]0$. A further description of our responsibilities fty the audit of the frn¢ial Swements is located on the Financial Reporting co¢11,$ web5ile a¢ wi¥iv.frc.w8.uklauditOTsr¢sp)nsibiliiies. This d¢5CTiPtion fonns part of our auditor's report. Use ofour rnport This report is made solely to the tharitable parent (ompanS trwQe¢5, as a body. in accothce with Chapter 3 of Part 16 of th¢ Companies Art 2006. (hr audit work has Lr¥u whdertJk¢n so thot w• mi8ht slate In ihe grijup's trusiees those rnatt¢ws we are required io stat¢ to them in an auditor's report and for no other purp05¢. To the fvlkm exient pernjitted by law. we do not aCCW or assume Tesponsibility to YOne other than the clwitable waJent company and its trustees as a body. for awdit wTh*. f this repJ¢ or for the opinions we have fonned Nicholas Ledgard BA FCA (Senior Stattrtory Audit) For and on behalf of W¥lk¢r & S¢liffe. Statut(vy Auditor 12 Gr¢¢nhead Road Hudd¢r5fi¢ld W¢st Yorkshire HDI 4EN 16th December 2021 Page IS
Kirkdale Industrial Training Services Ltd Consolidated Statement of FiDaDeial Ad1viti for the Year EDded 31 Marcb 2021 llcluding Consolidated In¢ome and Expenditur¢ Account and Statement of Total Reeognis¢d GaiDS and Losses) Totsl 2020 (All Uwr¢stritted fwDds Totsl 21nl Unrestri¢¢ed No Ineome #Dd Endowthtnts frolm: Ttaining activlties Conference facilities Inv¢stmeM income Govenjmenl grant 61.369 {64) 61.369 (64) .713.997 59,900 9.827 64,898 64,898 Totsl Income 130209 130209 ,785.724 Expemditure oh: Training activilies ConfeftYDce facilities (1.110.556) 2.375 (1.110.556) 2,375 {1,7(K).955) 58.112 Totsl Expendi¢we (expenditureyincome Net rnoveme in fiu 1.112.931 .112,931 1.759.067 (982,722 26.657 (982.722) (982,722) 26.657 RecoDelli•ii¢Jn orrunds Toial fund5 brought fonvard 10t fund5 ¢Tled fonwd 3.892.883 3.892.883 3.866,226 21 2.910.161 2.910,161 3,892,883 All of the group's activilies dertve fronj discontinued operatiops dwing the abov¢ tsvo peTiod& The fiknds breakdown for 2020 is thown in noie 21. Page 16
Kirkdale IDdustrial Training Services Ltd (RegistrdtioD number: 01219838). Consolidatcd Balance Sheet as at 31 Mgrth 2021 2021 2020 Note Flxed awts Tangible assets Curretsl $3ets Debtors Cash at bank and in hand 15 1,454.845 .558.357 17 13.491 1593,843 2tr2.619 2,496,103 .607,334 2,698.722 Creditors: Amounts flliRg du¢ within ott¢ y¢4r Net rurrelt Assets 18 146018 356,196 1,461.316 2.342.526 Totsl ssets less ¢wrreTht li8bilitYJ 2.916.161 3,900.883 Creditors: Amounts flliTrg d•e fter thD year Net a$s¢ts (6,(KXI 2.910,161 3,892.883 Fund$ of ihe group: Uorestrict¢d income funds Unrestricted fimds 2.910,161 3.892,883 Totsl funds 21 2,910.161 3,892,883 The financial sthttments on pages 16 10 34 wue approved by the trwe¢5. and authorised for issue on 16th December 2021 and signed on their behalf by: Co Trnstee Page 17
Kirkdale Industrial Training Services Ltd IRegistration number: 01219838) BalaDee Sbeet as at 31 March 2021 2020 Note F¢d #ss¢ts Tan8ible Sets Investments 15 1.454,845 .558J57 1.454.846 ,558.358 Current ssets Debtors Cash at bank and in hand 17 9,240 1,593.843 333,303 2.354,969 2,688,272 1.603,083 Crtditors: Amounts falliDt due withi• ottt yr Net eurrent assets 18 {143,302 (349,720) 1.459,781 2,338.552 Totsl •ss¢ts less current libiliti 2.914,627 3,896.910 Creditor5: Anouttts flling dllt after wire one yur N¢t ssets 6.000) 2.908.627 (8.000 3,888,910 Funds oftht Charity: UnT¢5tritted inwjne IIiDds Unrestricted fith 2,908,627 3,888.910 T•t*l funds 21 2.908,627 3,888,910 The financial ststern¢nts on pages 16 to 34 were approved by the Dittt5. and authorised for issue on 16th December 2021 and signed on their behajf by.. SBon Trustee Page 18
Kirkdale IDdu$trial Training Services Ltd Consolidated Stat¢ment of Casb Flows for the Year Ended 31 March 2021 2021 2020 o¢e Casb flows from operatlttg divities Net ¢ash {expendituTeyin¢ome (982,722) 26,656 Adjustments to Ilows froJH Rt¢WS D¢precAation Investrnenl income L05s on disP05a] of fixed assets held f(ff th¢ gOUp own tsse 101,668 (4,IX)6) 126.926 (9.827) (890,687) 143.755 Working epilal adjustments DecTease in debtors {Decreaseyincre4se in crediiots Ik¢rease in deferred income 17 18 189,128 (210,177) 211,015 16,220 (2,000 Net cash flows from operatin8 aaivities Calh nows from investing *etiviti Interest receivable #nd similar income Purchase of fixed assets Sale of tangible fixed assets 913,736 368.990 9.827 (83,699) IJ (10,782) 18,252 cL%h flows from investin8 aciivilies" Nei {decre05¢yincrease in ¢45h and cash equiTrfaleAts C35h and ¢quivalenis ai l Awil Cash and tosh equivaknts at 31 MaTch 11.476 73,872 (902.260) 2.49&103 295,118 2.200,985 1.593.843 2.496.103 All of the c&sh flows are deriv JTOM discmthucil dwin8 the abov¢ ¢wo Page 19
Kirkdale Industrial Tr4illiDg Servieu Lld Notes to the FiDaDeial Statements for the Year Ended 31 Manb 2021 I Charity ststus The charity i5 limited by guarentee. incoryM)rated ID End & Wa]es, and conseqllentty does have share pital. Each of the trustees is liabk to contrilwte an amow)t not exceedthg £10 towards the assets of the charity in the event of liquid10Th. The address of its registered office 15". Kirk¢laJe House Arniytage Road Brighs)use West Yorkshire HD6 IQF These fmancial ststements wtte authorised for issue by the trYe¢S on 16th D¢cembtt 2021. 2 AceoMmti4g polities Summry of SiED1rn1 #¢¢0ting Polici •md key •¢countiig estimates The principal accounting policies applied in the preparnion of these financial swements are set out below. These policies have b¢¢n consisienity applied to All the years presented unless oth¢rwise staled. Stst¢mtTht oftomplianee The financial statements have been prepared in accordance with Arxowiting and Reping by ChaTiiies: Statement of Recommended Practice applicable io chaTilies preparing their accounts in accordtnce with the Financial Reporting Standard applicable in th¢ UK and Rewblic of Ireland (FRS 102) (effective l January 2019) - (Chartiie5 SORP (FRS 102)), the Finan¢ial Rewting Standard applicable in the UK and Repbli¢ of Ireland (FRS 102). They also comply with the Companies Ad 2006 and Clwities Act 2011. Basis of pr¢p4ration Kirkdale Industrial Training SeThic¢5 Ltd meets the defmition of a public benefit entity under FRS 102. Assets and liabilities are inttialty recognised at hIOrical com or trdn5a¢tion value unless othenvis¢ stated in the Televattt a(tIng poli¢y notes. The presentstional curren¢y 15 £ sterli Kirkdale Industrial TrJinin8 Services meets the def1110 of a quajifying entity under FRS 102 and h&% therefor¢ taken advantsge of the di5¢10sure exemptions available to it in resped of its separ¢ f]nancial staiements, which are PT¢sented alongside the consolidated financial ststements. Ex¢mMions have been tsken irt Telation lo fmancial instruments. SentatIOn of • cash Ilow sWemenL intrwup tratsudions and remuneration of key maDagernent pers{HtI. Basis of c¢Msolidtio The consolid¢d fmantial ststernents eojwlidate the financial stsiem¢nts of the charity and Ats Subsidiary undertakings drawn up to 31 March 2021. No statement of fJnan¢ial a¢¢ivities 15 pr¢s¢nted for the £harity as pennTned by section 408 of the Companies Act 2006. The charity rnade a (lossyprofil after t&x for the financial year of {£982.722) (2020- £26,657). Page 20
Kirkdal¢ Industrigl Training Servie¢s Ltd Iyotes to the Financial Stalements for the Year EDd¢d 31 March 2021 A $ub5idiary is an entity ti)ntrolled by the clwity. Control is athieved where th¢ chanty has th¢ FK>wer Io ¥OVetrAI the financial and operaiing policies of an entity so as to otAain benefits from its actiyities. The rsults of subsidiaries acquired or disposed of dur]ng the year are Included in tbe ststement of financi81 aciiviti¢5 from the effethive date of xquisition or vp to the effective dat¢ of disposal, appropriate. Where necessary. adjustments are made to the firtartcial statements of 5ub5idiaries to bring their accouniing policies itho line with those used by the gr<yJp. The pur¢h¢ method of accounting is used to Iort for business c(xnbinatiOn5 tesult in th¢ ac¢wisition of subsidrari¢s by the group. The cost of a blInesS combination 15 rneasured as th¢ fair value of th¢ assets give ¢quity iT]5trum¢nts issued and liabilities incurrEd or assumed at the dale of exchange, plus costs direcity attributsble to the business combination. Identifiable assets acquired and liabilitie5 contingent liabiliiies &S5umed in a bu5in¢5s combinaii¢)n are measured initial]y at their fair v0hS at the acquisition date. Any excess of the ¢ost of the business c¢)mbination over the acquirer's lniere in th¢ net far value of the Identif1¢ assets, liabiliiies and conlRngent liabililies [O8]Sed is re¢orded as goodwill. InterQMpanY transactions, balance5 unrealised gains on tranw¢iolls beThveett the charity and ils Subsidi1¢5, whith art related parties. are elimirttd in full. Intra.group losses are a150 elimined i1 rnay indic an impainJeM th requires r¢¢ognition in the ¢onsolidat¢d fmancxal sw¢rn¢nts. ACmIlIng policies of subsidtaries have been changed whett necessary to ensure consistency with the policies adopted by the group. Non-controlling inierests in the nrf assets of Consolidated subsidiaries ar¢ ideniified separatety from th¢ group's equity therein. NonntrOllIng inierests consist of the amixmt of those inlerests at the dat¢ of the OTiginal business combinaTion and the noJp¢ontrolling shareholder's share of cham8es in equity since the date of the combin100. Totsl ¢omprehertsiv¢ income is attributed to nonwcontrolling interests ¢ven if this results in the nonth¢ontrolling interests VIng a deficit Inlance. Going COter The trYe¢S conslder that there are no material uncertainties about the 0p.$ ability to continue as a going concem nor any signifjcanl areas of untetsinty that affect the valu¢ of assets held by the wup. Operatltsg kas¢s Rentals applicable io owatin8 leases wheTe substsmially all of the benefit5 and Tisks of own¢rship remain with the le55¢r aTe chor8ed to th¢ Statement ofF1J)a1 Acttvits¢5 as incurre Donated Donai¢d assets are slthvn 45 income in the Swement of Financial Adivities valuations assessed by the si¢es. Income Bd endgwments Charity and commercial in¢om¢ is recogni5ed when the cbaTity has entiilemejrt kn the income. it 15 probable that the incorne will be received and the amount can be measured with sufficient reliabilty. Inveskn¢nt income 1$ recognised on a receivable basis. Page21
Kirkd2Ae Industrial Training Servi¢e8 Ltd Notes to the Financial Statements for tbe Yur End¢d 31 Mareb 2021 Donali•ns hdlezocI Donations.are retognised when th¢ ¢lwity bas beerj n]fied ill of the amoutti and 5ettlemeDt date. In the event that a donation is subje¢t to ¢onditiQn5 that require ¥ level of ptrfoTmance by the clwity before the charity is entitled to the fiwlts. the income is defuTed and Tecognised wltil either those condilions are fully mei, or the ]fibment of those conditti)n$ 15 wholty within the Cotstrol of the charity and it is probable that thes¢ condilions will be fvlfilkd in the reporting periLThl. Grnnts r¢¢eiwble Government grants. including noTrmonetsry grants are not r¢cognised wrtil there is reasonab]e aSsurw¢ th. The company will Comply with th¢ ¢ondits"ons au%hin8 to them" and The grants will bE received. The ¢ompany recOlse9 grants either based on the p¢rfonnance model or the o¢¢rual model. This policy choice is applied on a ¢l&%s-by•¢lass basis. The company rneasurts ants at the fair luc of the &5set Teceived OT T¢ceivable. Where a grant becomes repayable li is Tecognised a5 a liability when the repayment meets the definition of a liabiliry. Perfonnance m]¢1 The perforniant¢ model reco15¢5 grants as follows: A grant that does nol impose specified fijlle perforniance-relxted condiiions on the compatty is recognised in income when the grant proceeds are rK¢ived or Teceivable. A grani that imposes Sp]fied p¢rfonnancethrelated conditiODS on the compJny is recogni5ed in incom¢ onty when the performance-related conditions are met. Grants rec¢iv¢d before the r¢venue recognttion uiterla •T¢ Satisfied are r¢w8nised a5 0 liability. Accryal model The ac¢ryal model classifies grdnts either as a want relating to r¢venue or a relating to Lssets. Grants Telating io revenue are Tecognised in income on a sy5t¢matic b&%is over the periods in whi¢h the company r¢¢ognises the relaied costs for which the want is iMend¢d io compensate. A grant that become5 r¢¢eivable a5 compen10n foT expenses or losses already iDCUYTed or for the pu0$¢ of giving immedit f]nanci?I support to the company with no fvtUTe related costs 15 reco8nised income in the nod in whRch it ¢0M¢S r¢ceivable. Grants reling to assets are recognised ID a syst¢m*ic blS ov¢r the expected usefvl lifr of the asset. Where part of ¥ grant relaiRng to an assei i5 deferred Ai is T¢gnised &$ (kfred income and not deduded from the canying am¢)Iint of the asset. Gifv in Gifts in kind are recognised in differeni way5 detht ffl how they are used by the tharity.. (i) Those donated for resale produce itiwn¢ when tlw 8re 501d: They 8T¢ valued at the arnOt actually realised. (li) Those donated for onward transmission io b¢n¢ficiaries are inchNled in th¢ Ststemeni of FinarKial Activities as incoming resources and resou¢$ expended when they are distriiyjted. They are valued ot the amount the eharity would have had to pay to acquire them. (iii) Those dortated for use by the charity itself are included when Teceivable. They are vakned at the amouni the Charity would hav¢ hd to pay to ¥quire them. IVeStI¢ts Fixed asset invutmenis are 5ts1ed * COSL which the Trumees constder equates to market value. Rtslis¢d gains and losses are tsk¢n to the Stst¢ment of FAnan£ial Activities. Page 22
Kirkdale Industrial Training Servi¢es Ltd Notes ¢0 the FinaD¢ial Ststements for the Y¢Ar Ended 31 Mareh 2021 Expendi¢wr¢ All expendilure is recognised ortce ther¢ 15 a legal or consthidiv¢ obligation to that expenditiwe. it 15 probable 5rttlement ts required and the nolt can be measured lIablY. All Costs are allocated io the applicable expenditure heading thai aggregaie Similar io that e8ry. Where wsts ¢annoi be directly attributed to particular headlngs they have been alled on a basis Consistenl with the use of resources. with Central stsff osts allocated on the basis of time 5penL and depreciaiion charg¢5 alkated on the portion of the 5¢1'S use. (Xher support costs are alkated b&s¢d on the sprel of stsff costs. Granl wditsre Grants for the purch of fixed assets. are recognised in full in the Swement of FinancRal Adivilies in the year in which they are rec¢tvabl¢. Grants for revenue expenditi]r¢ matched with the expenditure Js it falls thje. GoverDzDce cost$ These include the costs affributsble to the Charity's compliance with ¢onslitulional and siatuiory rcquiTements. including audiL straiegic management and Tnee'S medin8s and reirnburs expenses. Pettai05 The company has a defmed ci)ntrRbution pension scheme. The costs of the contributions made by the company 10 th¢ scheme are chsed io the Sthtem¢nl of Financial Aaivili¢s •$ incU¢d. The charity is con5id¢r¢d io pass the iests sd out in Paragraph I Schedule 6 of the Finance Ad 2010 and therefore it meets the defjnition of a charitsble company for UK corporation tsx pU[rAs. Accordingty, the harity is wentialty exernpt from tsxation in Tespect of i1)me or capithl 8aitis received within categories overed by Chapter 3 Part I l of the Cory)oMion TIX Ad 2010 or Section 256 of the Taxation of Chargeable Gain5 Act 1992, 10 the extent that such income OF gains are applied exclusively to charitsble puw¢s. Depreciation and #mortiS•tiDJb Depreciation 15 provided on tsngible fixed wets so as to write off the com or valuatioo less any ¢S¢imated residual value. ov¢r their ewcted useful etonomi¢ life as fomows: Asset class Freehold buildings Plant and mathinery Fiffings and equipment Cornpul¢r equipment Motor vehicles Dq)reei•tion method *trd rate Over 50 years Over 4 to 8 yew5 Over 3 years Over 3 years Ovu 3 years Page 23
Kirkdale Industrial Training Services Ltd Notes to the FiDaneial Slgtements for th¢ Year EDded 31 Mxrch 2021 Tr•de debtors Trdde debtors are amounts thie from customeTS for nIerchdi3c sold OT service5 rforn)¢d in the ordinary course of bus[r$s. Trade d¢btors aTe recognised initialty ai th¢ tr¢On Frice. They are sub5¢qu¢ntly measured at amortised c05t using the effeciive inier¢5t rnetho4 less provision for impainnent. A provision for the impaimieni of trade deor5 15 established Whe there is obiediv¢ evidence that the clwity will I1 be abk to colle¢1 all amounts due a¢¢ording to th¢ original iernis of the receivabl¢5. Cash eqUivalts Cash and cash equivalenis comprise cash on hand and call deSIts. and Oth short-tem) highly liquld nve5knents that are readily convertible to a amount of ¢h and are subjttt to an iAsi8nrfi¢Jnl risk of change in value. Trnde eredlton Trade creditors are obligations to pay for 8(MxIs OT seThices that have be ¥cquired in the ordinary r$t of business from suppliers. Accounts payable w¢ ¢Iassified &t current liabilitie5 if the cliartty dou not have an uncondilional right. * the end of the reporting peri defeT settIemeni of the creditor for at kasr tt¥tlve months after th¢ r¢ponin8 date. If there is aD unconditional right to defer sellItment for at leasi Iwelve months ¥ft¢r the reN)rting date. are PTesented as liabilili¢& Trade cr¢ditors aTe r0]Sed initially at the transxtiQD price and subsequently mwur¢d amortised cost using th¢ effective interf51 method. Fund St¢tre Unrestricted inci)rne fimds are g¢neTal funds th•t are available f(Y Use at the th15te¢s's discrrfion in fiKtheranc¢ of the objectlV¢5 of the group. 3 Income froJD charitable •diYliles Unrestrlrted fuDds Totsl" 21121 Total 21120 G¢wer¥l Courses Ski115 trainin8 (9.965) 71,334 (9.965) 71,334 393.130 1,320,867 61.369 61.369 .713,997 Page 24
Kirkdak lDdustrial Training Servi¢es Ltd 14otes to the FiDancial Statements for Ibe Year Ended 31 Mareh 2021 4 lueome Irrfjm •ihtr trdiDt c¢ivities Unrestriettd Totsl 2021 Total 2020 Gener1 Conference faciliti¢s 59,900 59,900 S Investment inrne f¥Dds Total 2021 Tot1 2020 General IDterest reteivable and similar income" Jnterest reeeivabk on bank d¢S)ts 4.006 9,827 4,W6 9,827 6 ' Otber income Unrestri¢trd fud$ Total 2021 TotJl 2020 GeAerl Grants reteiveable CoronaviJus Job Rdeniion Scheme 1.993 61905 1,993 62,905 64.898 64.898 Page25
Kirkdale Industrial Training Services Ltd Notes to the Financial Statements for the Year Ended 31 Makn 2021 7 Exp¢nditure ebrll•bk actbvities Urestric¢¢d Totsl 2021 Totsl 2020 Gellenl Nole Training a1vite$ expenditure D¢preciaiiort, amort1510n and other similar costs Staff costs 284J68 284,368 642,703 107295 718,893 107295 718,893 126,926 931.326 1.110.556 1.110.556 1.700,955 £1.110,556 (2020- £1.700.955) of the above eXlture w&% allributable unr¢sed fimds ¥nd £Nil {2020- £Nil) io restri¢ted fiuMIs. 8 Exprnditsre on conference faeilities Ullreslri¢¢¢d fund5 Total 21121 Gener*1 2020 Note Stsff costs Wag¢5 and salaries Social security Pension Costs Audit f¢vJ Audit of the fthartcial slatements Other resources expended 258 258 13.195 1,964 764 65 65 3,311 1263 3.311 (1263 2.213 39,976 2.375 58.112 Page 26
Kirkdale Industrial TraiDiDg Services Ltd Notes to the FiDaDtial Statements for the Year Ended 31 March 2021 9 Anaty5is of80vern8c¢ atsd Support ¢osts The Charity alloca¢¢s support C4)5ts as shown IA the tsble below. Support tosts ar¢ allocate(l on a basis consistent with tbe use of re50UTces. Support eosts allocated to rise fuDds Cov¢r•aDt¢ eosts Skilb tnin1% CoNferentt eeDtr¢ N#rrativt Columa Depreciatio Man4emeDt Audii & Account?Y A(ninistrative costs rofessional Courses 77,522 19,300 24.300 4.199 5,287 647 1.529 14,867 20.654 97,943 310.886 5.130 1,116 48.730 10.602 2021 Total 2.362 2020 Tot•1 Nrrativ¢ CO1 DeprKiation magernent Audit & Accountsn¢y Administrative ¢OSis fessional 101,668 131,016 14,867 27,086 97.943 372.580 126,926 583,151 9250 71,995 7.022 798,344 10 GoverDiiient gr•uts Durin8 the year, th¢ charity weceived Coronavirus Job Reteniion Scheme {CJRS) in Tel1 to Covid19 support that was mth available from the Governmeni. The amount of 8rants reco8ni5ed in the fu)ancial ststrm¢nts £61905 (2020- £Nil). IJ Net ID¢ominWovtgoing re50urees Net (oiitgoin8yincoming r¢sour¢es fwthe year inchth.. 2021 2020 Operaiing leases- motor vehicles Audii fees Loss on disposal of fixed assets held for the group's use DeplatIOn of red a$5ets 33.621 14,867 5.627 101.668 33.129 13,676 126.926 12 Trustees remuneration and expensVJ No truM¢es, nor any persons An¢¢d with them. have re¢eived any Ternuneration from the 0UP during the year. No rNstee5 have rtteived any reimFAu5ed expenses orany other benefrts from the ¢harity during the year. Page 27
Kirkdale Industrial TraiDiDE Serviees Ltd Notes to the Fin4n¢i#l StatemeDts for the Year Ended 31 Marcb 2021 13 Stsif¢osts The age8#re pa011 costs wer¢ as folknvs: 21121 2020 Si#lteosts during ¢he wert: Wages and salaries Social security rosts Pension cos1$ Other stsff costs 632,234 s7.] 30.506 4,825 847,482 78,825 54.613 6,416 724,566 987,336 The monthly average number of persons (including senior man8gtmMt le) employed by the poup during th¢ year expr¢ssed as full time equivalents was as follows: 2021 No 2D20 No Athnini5tration and geme 10 29 10 (2020- 26) of the #knve employees particled in the Defined ConmTrmtion P¢n5ion Schemes. During the year. the 0P made exceptional rethmdancy andloT temlinaiion payinents which totslled £315,493 (2020- £Nil). The emoluments, includitig benefits in kin4 of e m•nbu of stsff are within the range of £230.IMXI to £239.999 (2020 - one in the range of £lOO.(K)O to £109.999) including retire b¢nefits whR¢h are accruing under a d¢fmed contribution scheme. The iotst emoluments of the key Man¢M¢t Fersonnel of the grow were £239248 (2020.. £108,360). 14 T•xatlOD The company is a registered charity and is not subject to )IallOn tax. The trading subsidiary h•5 Tetained profits of £Nil (2020- £Nil) therefore ther¢ is no corpmtion lax payabl¢ (2020 - Done payable under previous legislation). PaBe 28
Kirkdale Indmslrial TrainiDZ Strvites Ltd Notes to the Fitiantial Stat¢meDts for the Year Ended 31 Mareh 2021 IS T*ttgibk fix ajsets GrnP rnitsr¢ aDd equtpmemt Plant •wd maehtts¢ry IlIdin Totsl Cost Ai l April 2020 Addiiiorts Disposa15 2.303,935 695.109 10.782 (84.760 852.937 3.851,981 10,782 114.078 (29.318 At 31 March 2021 2.303.935 621,131 823,619 3,748.685 Depreei¥tjOD Ai i April 2020 CIw8e for the year Eliminated disw>sa15 At 31 Mar¢h 2021 973,525 38.472 638.719 22,608 (72,133) 681,378 2.293.622 40.588 101,668 (29.317) 101,450 1.011.997 589.194 692,049 2,293.840 Nei I0k.v?1lle At 31 March 2021 1291,938 31.937 130,970 1.454,845 At 31 March 2020 1.330,410 56.390 171.559 1,558.359 Page 29
Kirkdale Industrial Training Services Ltd Not to the Fin•neial Statements for the Year Ended 31 March 2021 Charity rnitsre Ithd ¢quipment PlaDt and maehinery building5 T*Mal Cost At l April 2020 Additions Disposals 2.303.935 695.109 10,782 (84,760 852,937 3.851,981 10,?82 114.078 29.318 At 31 M¥rh 2021 2.303.935 621,131 823.619 3,748.685 DrlatIon At l Awil 2020 Charge for the year Elimfftn2ted on disJx)sals At 31 M&ch2021 973,525 38.472 63&719 22.608 72.133) 681.378 2.293.622 40.588 101.668 (29,317) 101450 1.011.997 589.194 692,649 2293,840 N¢t book v#Jue At 31 March 2021 1.291,938 31,937 130.970 1,454.845 Ai 31 m?h 2020 .330,410 171.559 1,558.359 The Charities prowty had pweviousty becn w5ed for tiaining direcuy given by the Charity. The property 15 now being let to a third party training provider. As the Charity is a publi¢ benefit entity, the Tru5t¢e5 have taken the decision io xcount for the wperty under FRS1tr2 S16.38. Page 30
Kirkdale Jndu$trial TrainiDg Serviees Ltd Notes to the FiDaD¢ial Statements for the Year Ended 3] March 2021 16 Fixed asset iDvestmtDt¥ Group Cbarity Shares th group undertkiDgS pwrticiptitht i#l¢r¢sts Stybsidi#ry ndertakings Total Cosl At l April 2020 At 31 March 2021 N¢t book vlve At 31 Mareh 2021 At 31 March 2020 Details of ndertaking$ Details of the investsnents in which the charity holds 2A or more of the nominal vah of any class of share capitsl are follows: Coutry of iJieorpor•iio UDdertkiDg Proporlion ofvotiDg rigbts Printipl d 5har¢s held rtivity Hddimg 2021 2020 Sthbsidi•ry u•dertsklD Kirkdale Busine& Services Limited England & Wales Ordinory 10(V• Conference Page31
Kirkdale Industrial Tr4iDing Services Ltd Noles to the Financial Statements for th¢ Year Ended 31 March 2021 Svbjidiaries The loss for th¢ financial peri(xl of Kirkdak Bu5in¢ss Service5 Limited w&% £2.439 (2020 - £Nil) and the aggregate amowit of capitsl reserves at the end of the period was £1,534 (2020- £3.974). The turnover of the subsidtary for the year w&s (£64) (2020.. £59.91NJ). cost of sales of (£1.606) (2020: £28.108), which resulted in a (lossyproflt of (£2.439} 2020.. £1.790) gift aided the thariry. 17 D¢btors Croup Charity 2021 2020 2021 2020 Trade debto . Due from group undertsking5 FepaYMenis Other deor$ 60.683 49,917 141,450 37,184 104.752 (4.251) 13.490 13,490 37,184 13,491 202.619 9.240 333.303 18 Creditors: fallim8 due wiihiD one ytar Grollp Charity 2021 2020 2021 2020 Trade creditors (Xher taxation and social se¢urity VAT liability L)ther creditors A¢cruals 42,423 23,585 12.331 53,985 223,872 356.196 42,423 19,870 12.331 53,985 221,111 1,680 126,129) 88294 81.572 1,680 (26,129) 88.294 78,856 143,302 146,018 349,720 Page 32
Kirkdale Industrial Training Servites Lld Iyotes to Ibe Financial Statements for the Year Ended 31 March 2021 19 Obligatlons under Itases and bire eoDtr*rts Operating lelse cgmmitWbtTrts Total fUtt¢ minimum lease paents under non-cancellable owating leases art ls follows: Gromp Charity 2021 2020 2021 2020 Other Within one year B¢tween one #nd five yea 3,586 6275 33,705 5.822 3,586 6,275 33.705 5.822 9.861 39.527 9.861 39,527 20 Pension ADd other sche•¢s DefiThed eo#tribution pension xh¢Jwe The assets of the pension schem¢ held sep3ralety from those of the compaT)y in an in(kpendenily administered fi]nd. Th¢ pensiort ¢05 which rewesent contributiijns payable by th¢ ¢ompany to the fund, amounted to £30,506 (2020- £54.614) which all were paid from U[trIcted fimds. Contributions totalling £773 (2020- £3.081) were payable to the scheme at the end of the and are in¢luded in ¢rediioT$. Page 33
Kirkdale Industrial TraiDiDg Services Ltd Notes to the Finantial Statements for tbe Year Ended 31 March 2021 21 Futhd$ Grnyp B•l••¢e •t I April 2020 Bal••¢e at 31 March 2021 res0rt¢S pended Unrestrlettd f¥nd$ Generdl General 3.8,883 130209 1.112.931) 2,910.161 ncttA April 2019 . B•l8n¢e ae 31 Mar¢h 2020 resour¢es CAded UThrestrAeted funds Genernl General 3.866226 1,785,724 1.759 067 3.892,883 22 Aty5]s of nei fulldi Group At 31 Mar¢b 2021 At l AprAJ 2020 Cmh llow Cash at ballk and in hand 2.496,103 (9)2.260) 1.593.843 Net 2.496.103 (902.260) 1.593,843 23 Rtlated rtY trns*dioths Group The Charity has taken advantage of the disclosure exemption ¢ilained in FRS 102. as a parent with wholly owned subsidiary undertakings from distlosing trAnsactions within the group. During the year. the Charity engaged the servtces of CdwICk Lawrence LLP, a business in which the Charity's secr¢tary is a partner. All matters weTe undertaken at ¥rnis l¢ngth. on a commercitil basi5 at market rates. Also, during the year the Charity engaged the servlces of (AIO UK Limiied tla Colch¢51er Machine Tools, a business in which one of the Charity's tThstees is a directOT. All matters were urt&rtaken al anns len8th. on a commercial basi5 at market rat¢5. Pag¢ 34