2020-07-31-accounts - North West Training Council

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			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2020	2020	2020	2019	2019	2019
	Notes		6	6	F	F	6	6
Income a d	endowments	from.
Donations and legacies			189,971	449,857	639,828	102,000	2,999,839	3,101,839
Charitable activities			2,273,648		2,273,648	2,116,399		2,116,399
Other trading	activities		326,674		326,674	427,941		427,941
Investments			259		259	382		382
Other income			205,067		205,067	31,246		31,246
Total income			2,995,619	449,857	3,445,476	2,677,968	2,999,839	5,677,807
~E* Cht
Raising funds		8	399,264		399,264	418,982		418,982
Charitable activities		9	2,881,647		2,881,647	2,428,697		2,428,697
Loss on disposal of
fixed assets			1,453		1,493
Taxation			(2,146)		(2,146)	(108)		(108)
Total resources
expended			3,280,218		3,280,218	2,847,571		2,847,571

Net (outgoing)l
incoming resources
before transfers				(284,599)	449,857	165,258	(169,603)	2,999,839	2,830,236
Gross transfers
between funds				235,057	(235,057)		38,862	(38,862)
Net (expenditure)/income
for the year/
Net (outgoing)/incoming
resources				(49,542)	214,800	165,258	(130,741)	2,960,977	2,830,236
Other recognised			gains and	losses
Actuarial loss on
defined benefit pension
schemes				(480,000)		(480,000)	(459,000)		(459,000)
Net expenditure		for the year/
Net movement	in funds			(529,542)	214,800	(314,742)	(589,741)	2,960,977	2,371,236
Fund balances at		1
August 2019				(48,147)	3,051,338	3,003,192	541,595	90,361	631,956
Fund balances	at		31
July 2020				(577,689)	3,266,138	2,688,449	(48,146)	3,051,338	3,003,192

					2020	2019
				Notes	8	8
Fixed assets
Tangible assets				13	4,108,534	3,956,681
Current assets
Debtors				16	734,742	510,229
Cash at bank and		in	hand		266,014	117,338
					1,000,756	627,567
Creditors:	amounts		falling due within
one year				18	(957,415)	(749,910)
Net current	assets/(liabilities)				43,341	(122,343)
Total assets less		current liabilities			4,151,875	3,834,338
Creditors:	amounts		falling due after
more than	one year			20	(139,426)
Provisions	for liabilities			21	(1,324,000)	(831,146)
Net assets					2,688,449	3,003,192
Income funds
Restricted	funds			27	3,266,138	3,051,338
Unrestricted	funds
General unrestricted			reserves	28	195,365	168,575
Designated	funds			28	541,946	603,279
Revaluation	reserve			28
Pension reserve				28	(1,315,000)	(820,000)
					(577,689)	(48,146)
					2,688,449	3,003,192

						2020	2019
					Notes	8	8
Fixed assets
Tangible assets					14	4,061,166		3,898,017
						4,061,166		3,898,017
Current assets
Debtors					17	814,160	501,566
Cash at bank and		in	hand			228,427	113,079
						1,042,587	614,645
Creditors:	amounts		falling due within
one year					19	(901,739)	(673,217)
Net current	assets/(liabilities)					140,848		(58,572)
Total assets less		current		liabilities		4,202,014		3,839,445
Creditors:	amounts		falling due after
more than	one year				20	(137,466)
Provisions	for liabilities				22	(1,315,000)		(820,000)
Net assets						2,749,548		3,019,445
income funds
Restricted	funds				27	3,266,138		3,051,338
Unrestricted	funds
General unrestricted			funds		29	256,464	184,828
Designated	funds				29	541,946	603,279
Revaluation	reserve				29
Pension reserve					29	(1,315,000)	(820,000)
						(516,590)		(31,893)
						2,749,548		3,019,445
The financial statements				were approved	b)/the Trustees on 20 July 2021
Mr G R Hunter						Mr D Bramwell
Trustee						Trustee
Company	Registration			No. 00760011

						2020		2019
					Notes	6		6
Cash flows from operating			activities
Cash generated from		operations					492,672	2,995,301
Investing	activities
Purchase	oftangible	fixed assets				(533,783)		(3,797,943)
Proceeds	on disposal	oftangible		fixed
assets						12,000		892,725
Interest received						259		382
Net cash	used in investing		activities				(521,524)	(2,904,836)
Financing	activities
Payment	ofobligations under finance
leases						177,528
Net cash	generated	from/(used		in)
financing	activities						177,528
Net (decrease)/increase in			cash and cash
equivalents							148,676	90,465
Cash and	cash equivalents		at beginning		ofyear		117,338	26,873
Cash and	cash equivalents		at end of		year		266,014	117,338

Leasehold improvements	6.67%on cost
Plant and equipment	10%on cost
Fixtures and fittings	10%on cost
Computers	33.33%on cost
Motor vehicles	20% on cost

	Canteen
	Commercial
	Other trading		activities
5	Charitable	activities

ESFA	Income
Other	training	income

Unrestricted	Unrestricted
funds	funds
2020 6	2019f
35,002	35,153
291,672	392,788
326,674	427,941
Training	Training
2020	2019
8
1,494,042	1,110,006
779,606	1,006,393
2,273,648	2,116,399

Unrestricted	Unrestricted
funds	funds
2020	2019
	6
259	382

	Unrestricted	Unrestricted
	funds	funds
	2020	2019
		8
Net gain on disposal oftangible fixed assets		27,725
Other income	205,067	3,521
	205,067	31,246

									Unrestricted	Unrestricted
									funds	funds
									2020 6	2019f
Fundraisin	and		ublici
Ceremonies	&conventions								5,338	5,113
~TCh
Canteen									22,899	24,555
Operating trading			company		undertaking	non-charitable	trading	activity	106,339	113,221
Staff costs									248,642	261,508
Depreciation		and	impairment						11,296	11,085
Support costs									4,750	3,500
Trading costs									393,926	413,869
									399,264	418,982
Charitable	activities
									Training	Training
									2020	2019
									F	6
Staff costs									1,302,974	1,276,551
Depreciation		and	impairment						357,076	75,276
Training costs									398,444	370,041
Premises costs									482,617	331,826
Administration		costs							146,882	140,028
Other finance		costs							15,000	107,000
									2,702,993	2,300,722
Share ofsupport			costs (see		note 10)				106,190	100,005
Share ofgovernance				costs	(see note	10)			72,464	27,970
									2,881,647	2,428,697

		Support	Governance	2020	Support	Governance	2019
		costs	costs		costs	costs
		F	6		6	f
Staff costs		38,939		38,939	52,097		52,097
Finance		11,236		11,236	1,431		1,431
Marketing		14,602		14,602	7,526		7,526
Information	technology	41,413		41,413	38,951		38,951
Audit fees	&other
services			42,067	42,067		18,033	18,033
Legal and	professional		35,147	35,147		13,437	13,437
		106,190	77,214	183,404	100,005	31,470	131,475
Analysed	between
Trading			4,750	4,750		3,500	3,500
Charitable	activities	106,190	72,464	178,654	100,005	27,970	127,975
		106,190	77,214	183,404	100,005	31,470	131,475

		2020	2019
		Number	Number
Training	&related administration	51	53
Employment costs		2020	2019
		6	6
Wages	and salaries	1,428,579	1,400,592
Social security costs		123,655	124,109
Other pension costs		38,321	65,455
		1,590,555	1,590,156

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Subsidiary
NWTC Commercial		Services Limited	Training services
Merseyside	Training	Council	Dormant
Cosy Homes	Insulation Limited		Dormant

Debtors - Group
				2020	2019
Amounts falling due	within	one year:		6	6
Trade debtors				406,388	254,652
Other debtors				107	19,282
Prepayments and accrued income				328,247	236,295
				734,742	510,229
Debtors - Charity
				2020	2019
Amounts falling due	within	one year:			6
Trade debtors				314,570	191,582
Amounts owed by subsidiary		undertakings		176,662	59,220
Other debtors					19,282
Prepayments and accrued income				322,928	231,482
				814,160	501,566
Creditors: amounts	falling	due within one year - Group
				2020	2019
			Notes	6	F
Obligations under finance leases				40,062
Corporation tax payable					456
Other taxation and social security				96,671	78,045
Deferred income			25	126,753	190,279
Trade creditors				343,282	283,726
Other creditors				81,839	30,974
Accruals				268,808	166,430
				957,415	749,910

					2020	2019
				Notes	F	F
	Obligations	under finance leases			40,062
	Other taxation and social security				97,086	70,587
	Deferred income			26	96,864	145,390
	Trade creditors				323,580	264,326
	Other creditors				81,839	30,974
	Accruals				262,308	161,940
					901,739	673,217
20	Creditors:	amounts	falling due after more than one year-
	Group &Charity
					2020	2019
				Notes	6	6
	Obligations	under finance leases			137,466
	Deferred income			22	1,960
					139,426
21	Provisions	for liabilities - Group			2020	2019
				Notes	F	6
	Deferred tax liabilities			24	9,000	11,146
	Retirement	benefit obligations		27	1,315,000	820,000
					1,324,000	831,146
22	Provisions	for liabilities - Charity			2020	2019
				Notes		F.
	Retirement	benefit obligations		27	1,315,000	820,000
					1,315,000	820,000

							Liabilities	Liabilities
							2020	2019
Balances:							f	8
Accelerated Capital Allowances							9,000	11,146
								2020
Movements in the year:								8
Liability at 1 August 2019								11,146
Credit to profit or	loss							(2,146)
Liability at 31 July	2020							9,000
The deferred tax	liability set	out above is expected to			reverse	within 12 months	and relates to	accelerated
capital allowances	that are expected to mature			within	the same	period.
Deferred income	- Group
							2020	2019
							8	8
Other deferred income							128,713	190,279
Deferred income	is included	in	the financial statements		as follows:
							2020	2019
							8	8
Balance at 1 August 2019							190,279	1,690,690
Amounts released	to incoming		resources				(190,279)	(1,690,690)
Amount deferred	in year						128,713	190,279
Balance at 31 July 2020							128,713	190,279

						2020	2019
						6	6
Other deferred income						96,864	145,390
Deferred	income	is included	in	the financial statements	as follows:
						2020	2019
						6	6
Balance	at 1 August 2019					145,390	113,601
Amounts	released	to incoming		resoources		(145,390)	(113,601)
Amount	deferred	in year				96,864	145,390
Balance	at 31 July 2020					96,864	145,390

GMP equalisation allowance - For both 20	GMP equalisation allowance - For both 20	20	&20191.2%of Scheme as	sets.
The current asset split is as follows:				Bid values
				as at 31.7.20
				6
Equities				1,870,000
Bonds				5,519,000
Cash				130,000
Total assets				7,519,000
Amounts recognised	in the profit and loss	account:
				2020	2019
				6
Past service costs					100,000
Interest on liabilities				164,000	206,000
Restriction on net interest income credited		to	the income statement
The effect of any curtailment or settlement
Interest on assets				(149,000)	(199,000)
Total costs/(income)				15,000	107,000
Amounts recognised	in other recogonised	gains &losses:
				2020	2019
				F
Actual return on scheme assets
Restriction on net interest income credited		to	the income statement
Losses/(gains) from	changes to financial assumptions			584,000	702,000
Losses/(gains) from	changes to demographic		assumptions	52,000
Loss/( gains) on assets in excess ofinterest				14,000	(243,000)
Past service costs not yet recognised
Experience losses/(gains) on liabilities				(170,000)
Liability for minimum	funding requirement
Total costs/(income)				480,000	459,000
Amounts recognised	in the balance sheet:
				2020	2019

Retirement benefit	schemes - Group &	schemes - Group &	Charity		(Continued)
Present value offunded		obligations		(8,834,000)	(8,665,000)
Fair value ofassets				7,519,000	7,845,000
Deficit in scheme				(1,315,000)	(820,000)
Total liability recognised				(1,315,000)	(820,000)
Movements in the present value ofdefined			benefit obligations:
				2020	2019
				8	F
Liabilities at 1 August	2019			8,665,000	8,185,000
Past service cost					100,000
Benefits paid				(461,000)	(528,000)
Experience (gain) /loss on liabilities				(170,000)
Changes to financial	assumptions			584,000	702,000
Interest on liabilites				164,000	206,000
Changes to demographic		assumptions		52,000
At 31 July 2020				8,834,000	8,665,000
Sensitivity ofthe value placed on the liabilities:
				Approx effect
				on liability
				2020
				8
Discount rate:
Discount rate +0.25%				(255,000)
Discount rate -0.25%				270,000
Inflation:
Inflation +0.25%				80,000
lnllation -0.25%				(85,000)
Mortality:
100%ofbase table				(400,000)
80%ofbase table				460,000

			2020	2019
			E	6
Fair value of		assets at 1 August 2019	7,845,000	7,900,000
Interest	on assets		149,000	199,000
Return	on plan assets less interest		(14,000)	243,000
Benefits paid			(461,000)	(528,000)
Contributions		by the employer		31,000
Fair value of		assets at 31 July 2020	7,519,000	7,845,000
Actual	return	on assets	135,000
Projected profit &loss account for next year:
			Period to 31
			July 2021
			F
Interest	on liabilties		1O8,OOO
Interest	on assets		(91,000)
Total			17,000

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				Movement	in funds
	Balance at		Incoming	Resources	Transfers	Revaluations,	Balance at
	1August 2019		resources	expended		gains and	31July 2020
						losses
				f'c	8	6
Unrestricted
Funds - General		168,575	2,995,619	(3,265,219)	296,390		195,365
Unrestricted
Funds - Pension
Rerselve	(820,000)			(15,000)		(480,000)	(1,315,000)
Designated	Self
funded re SIF
Grant		603,279			(61,333)		541,946
		(48,146)	2,995,619	(3,280,219)	235,057	(480,000)	(577,689)
Comparative	infomation	in respect	ofthe preceding period		is as follows:
	Balance at		Incoming	Resources	Transfers	Revaluations,	Balance at
	1August 2010		resources	expended		gains and	1August 2019
						losses
					6	f
Revaluation
Reserves-
Properties		364,301			(364,301)
Unrestricted
Funds - General		462,294	2,677,968	(2,771,571)	(200,116)		168,575
Unrestricted
Funds - Pension
Rerserve	(285,000)			(76,000)		(459,000)	(820,000)
Designated	Self
funded re SIF
Grant					603,279		603,279
		541,595	2,677,968	(2,847,571)	38,862	(459,000)	(48,146)

				Movement	Movement	in funds
	Balance at		Incoming	Resources		Transfers	Revaluations,	Balance at
	1August 2019		resources	expended			gains and	31July 2020
							losses
					6	8
Unrestricted
Funds - General		184,828	2,703,947	(2,928,701)		296,390		256,464
Unrestricted
Funds - Pension
Rerserve	(820,000)			(495,000)				(1,315,000)
Designated	Self
funded re SIF
Grant		603,279				(61,333)		541,946
		(31,893)	2,703,947	(3,423,701)		235,057		(516,590)
Comparative	infomation	in respect	ofthe preceding		period	is as follows:
	Balance at		Incoming	Resources		Transfers	Revaluations,	Balance at
	1August 2013		resources	expended			gains and	1August 2019
							losses
Revaluation
Reserves-
Properties		364,301				(364,301)
Unrestricted
Funds - General		478,655	2,318,975	(2,412,686)		(200,116)		184,828
Unrestricted
Funds - Pension
Rerserve	(285,000)				(76,000)		(459,000)	(820,000)
Designated	Self
funded re SIF
Grant						603,279		603,279
		557,956	2,318,975	(2,488,686)		38,862	(459,000)	(31,893)

30	Analysis ofnet assets	Analysis ofnet assets	between funds	- Group
			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2020	2020	2020	2019	2019	2019
			E	E	E	E	E	E
	Fund balances at
	31 July 2020 are
	represented	by:
	Tangible assets		854,409	3,254,125	4,108,534	917,356	3,039,325	3,956,681
	Current assets/
	(liabilities)		31,328	12,013	43,341	(134,356)	12,013	(122,343)
	Long term	liabilities	(139,426)		(139,426)
	Provisions	and
	pensions		(1,324,000)		(1,324,000)	(831,146)		(831,146)
			(577,689)	3,266,138	2,688,449	(48,146)	3,051,338	3,003,192
31	Analysis of net assets		between funds	- Charity
			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2020	2020	2020	2019	2019	2019
			E		E			E
	Fund balances at
	31 July 2020 are
	represented	by:
	Tangible assets		807,041	3,254,125	4,061,166	858,692	3,039,325	3,898,017
	Current assets/
	(liabilities)		128,835	12,013	140,848	(70,585)	12,013	(58,572)
	Long term	liabilities	(137,466)		(137,466)
	Provisions	and
	pensions		(1,315,000)		(1,315,000)	(820,000)		(820,000)
			(516,590)	3,266,138	2,749,548	(31,893)	3,051,338	3,019,445

At the reporting end date the charity had outstanding under non-cancellable operating leases, which fall due	commitments for future minimum leas as follows:	e payments
	2020	2019
	6	6
Within one year	223,365	154,120
Between two and five years	830,434	994,156
In over five years	1,513,153	1,513,153
	2,566,952	2,661,429

Analysis o	fchan	ges in net funds
			At 1August 2010	Cash flows	At 31July 2020
			6	6	6
Cash at bank and		in hand	117,338	148,676	266,014
Obligations	under	finance leases		(177,528)	(177,528)
			117,338	(28,852)	88,486

				2020	2019
				6	6
Turnover				291,672	392,787
Expenditure				(338,663)	(392,787)
(Loss)/Profit		before	taxation	(46,991)
Taxation				2,146	108
Retained	(loss)/profit			(44,845)	108

35	Subsidiaries								(Continued)
	Aggregate assets and	liabilities
	Fixed assets							47,367	58,664
	Current assets							135,245	72,140
	Current liabilities							(232,751)	(135,912)
	Non current liabilities							(1,960)
	Provisions for liabilities							(9,000)	(11,146)
								(61,099)	(16,254)
36	Cash generated from	operations						2020	2019
									F
	(Deficit)/surpus for the	year						165,258	2,830,236
	Adjustments for:
	Investment income recognised			in statement		offinancial	activities	(259)	(382)
	Loss/(gain) on disposal	oftangible			fixed assets			1,453	(27,725)
	Depreciation and impairment		oftangible fixed assets					368,372	86,361
	7axation movement							(2,038)
	Difference between pension charge and cash contributions							15,000	76,000
	Movements in working	capital:
	(Increase) in debtors							(224,513)	(231,618)
	Increase creditors							230,965	262,993
	Increase/(decrease) in	provisions						(61,566)	(564)
	Cash (absorbed by)/generated			from operations				492,672	2,995,301