## 

## 

||||||||
|---|---|---|---|---|---|---|
|Trustees|||N A Bradley||||
||||R Beetham||||
||||M McGrath||||
||||A Wilding||||
||||P Simkiss||(Appointed|9 December 2020)|
||||L Natale||(Appointed|9 December 2020)|
|Secretary|||JANagy||||
|Charity|number||526144||||
|Company||number|00897078 (England||and Wales)||
|Principal|address||Fishwick Street||||
||||Rochdale||||
||||Lancashire||||
||||OL16 5NA||||
|Registered||office|Fishwick Street||||
||||Rochdale||||
||||Lancashire||||
||||OL16 5NA||||
|Auditor|||Ashworth<br>Moulds||||
||||11 Nicholas|Street|||
||||Burnley||||
||||Lancashire||||
||||BB112AL||||
|Bankers|||The Co-Operative||Bank pic||
||||110Yorkshire Street||||
||||Rochdale||||
||||Lancashire||||
||||OL16 1JY||||
|Solicitors|||Molesworths|Bright|Clegg||
||||Octagon House||||
||||25/27 Yorkshire Street||||
||||Rochdale||||
||||Lancashire||||
||||OL16 1RH||||





||||Page|
|---|---|---|---|
|Trustees'<br>report|||1-7|
|Independent<br>auditor's|report||8-11|
|Statement<br>offinancial|activities||12|
|Balance sheet|||13|
|Statement<br>ofcash flows|||14|
|Notes to the financial|statements||15-30|
|The following<br>pages|do not form|part ofthe Statutory Accounts:-||
|Detailed<br>income and|expenditure|account|Appendix|





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|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
||||Notes|2021|2021<br>f|2021<br>F|2020<br>F|2020f|2020<br>F|
|Income from:||||||||||
|Donations<br>and|legacies||3|3,637||3,637|5,032||5,032|
|Charitable<br>activities|||4|2,173,042|82,975|2,256,017|2,705,126||2,705,126|
|Investment<br>income|||5|2,940||2,940|7,571||7,571|
|Total income||||2,179,619|82,975|2,262,594|2,717,729||2,717,729|
|Ex enditure on:||||||||||
|Charitable<br>activities|||6|2,128,557|82,829|2,211,386|2,690,254|10,667|2,700,921|
|Net gains/(losses)||on||||||||
|investments||||861||861|(620)||(620)|
|Net incoming||||||||||
|resources before||||||||||
|transfers||||51,923|146|52,069|26,855|(10,667)|16,188|
|Gross transfers||||||||||
|between<br>funds||||386|(386)|||||
|Net income/(expenditure)||||||||||
|for the year/||||||||||
|Net movement|in|funds||52,309|(240)|52,069|26,855|(10,667)|16,188|
|Fund balances|at 1|||||||||
|August 2020||||2,880,371|202,664|3,083,035|2,853,516|213,331|3,066,847|
|Fund balances|at|31||||||||
|July 2021||||2,932,680|202,424|3,135,104|2,880,371|202,664|3,083,035|





## 

## 

|||||||2021||2020||
|---|---|---|---|---|---|---|---|---|---|
||||||Notes|F||F||
|Fixed assets||||||||||
|Tangible assets|||||10||1,114,237||1,181,114|
|Investments|||||11||2,009||1,148|
||||||||1,116,246||1,182,262|
|Current assets||||||||||
|Stocks|||||13|3,500||3,500||
|Debtors|||||14|245,995||238,228||
|Investments|||||15|588,744||699,040||
|Cash at bank||and|in|hand||1,345,631||1,156,360||
|||||||2,183,870||2,097,128||
|Creditors:|amounts|||falling due within||||||
|one year|||||16|(165,012)||(196,355)||
|Net current|assets||||||2,018,858||1,900,773|
|Total assets||less|current liabilities||||3,135,104||3,083,035|
|Income funds||||||||||
|Restricted|funds||||18||202,424||202,664|
|Unrestricted||funds|-|eneral||||||
|Designated|funds||||20|2,009||1,148||
|General<br>unrestricted||||funds|19|2,930,671||2,879,223||
||||||||2,932,680||2,880,371|
||||||||3,135,104||3,083,035|





## 

## 

## 

||||||2021||2020||
|---|---|---|---|---|---|---|---|---|
|||||Notes|||F||
|Cash flows from operating||activities|||||||
|Cash generated<br>from operations||||27||110,928||196,118|
|Investing|activities||||||||
|Purchase|oftangible<br>fixed assets||||(34,893)||(83,121)||
|Proceeds|on disposal of investments||||110,296||(7,054)||
|Investment|income received||||2,940||7,571||
|Net cash|generated<br>from/(used||in)||||||
|investing|activities|||||78,343||(82,604)|
|Net cash|used in financing|activities|||||||
|Net increase<br>in cash and cash|||equivalents|||189,271||113,514|
|Cash and|cash equivalents|at beginning||ofyear||1,156,360||1,042,846|
|Cash and|cash equivalents|at end of||year||1,345,631||1,156,360|





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|Freehold<br>land and buildin|s|||
|---|---|---|---|
|Freehold<br>land and buildings||4%straight<br>line|basis|
|Plumbing<br>Centre||162/3% straight|line basis|
|Plant and machine||||
|Plant and machinery||15%reducing<br>balance basis||
|Fixtures and fittings||7 1/2% reducing|balance basis|
|Computers||33 1/3% straight|line basis|
|Motor vehicles||25% reducing<br>balance basis||
|Office equipment||25% reducing<br>balance basis||



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## 

||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||general|general|
||||2021|2020|
|Membership|training fees||3,637|5,032|
|All ofthese|were unrestricted|monies.|||





## 

## 

||Unrestricted|Restricted|Total|Unrestricted|
|---|---|---|---|---|
||funds|funds|2021|funds|
||2021|2021||2020|
||F|F||F|
|Training course fees and consultancy|113,531||113,531|93,409|
|Skills Funding Agency and similar funding|1,940,866|42,975|1,983,841|2,517,600|
|Rental income and hire ofassets||||3,645|
|Other|118,645|40,000|158,645|90,472|
||2,173,042|82,975|2,256,017|2,705,126|
|Analysis<br>by fund|||||
|Unrestricted<br>funds - general|2,173,042||2,173,042|2,705,126|
|Restricted funds||82,975|82,975||
||2,173,042|82,975|2,256,017|2,705,126|



## 

|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||general|general|
|||2021|2020|
|||F|E|
|Dividends|receivable|12|34|
|Interest receivable||2,928|7,537|
|||2,940|7,571|





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## 

## 

||2021|2020|
|---|---|---|
||Number|Number|
|Training<br>projects|30|32|
|Management<br>and administration|20|27|
|Total|50|59|
|Employment<br>costs|2021|2020f|
|Wages and salaries|1,194,937|1,344,366|
|Social security costs|105,370|113,570|
|Other pension costs|65,017|73,137|
||1,365,324|1,531,073|



|The num|ber ofemployees<br>whose annual<br>remunerati|on<br>was f60,000 or more were:||
|---|---|---|---|
|||2021|2020|
|||Number|Number|
|f80,000|- f90,000|1|1|





## 

## 

## 

|||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|---|
|||||||funds|funds|
|||||||general|general|
|||||||2021|2020|
||Gain/(loss)||on sale of|investments||861|(620)|
|10|Tangible|fixed assets||||||
||||||Freehold|Plant and|Total|
||||||land and|machinery||
||||||buildings|||
||||||F|||
||Cost|||||||
||At 1 August||2020||1,560,751|838,595|2,399,346|
||Additions|||||34,893|34,893|
||At 31 July|2021|||1,560,751|873,488|2,434,239|
||Depreciation<br>and impairment|||||||
||At 1 August||2020||580,649|637,583|1,218,232|
||Depreciation||charged|in the year|51,334|50,436|101,770|
||At 31 July|2021|||631,983|688,019|1,320,002|
||Carrying|amount||||||
||At 31 July|2021|||928,768|185,469|1,114,237|
||At 31 July|2020|||980,102|201,012|1,181,114|





## 

## 

|11|Fixed asset inves|tme|nts|||||||
|---|---|---|---|---|---|---|---|---|---|
||||||||||Listed|
||||||||||investments|
||Cost or valuation|||||||||
||At 1 August 2020||||||||1,148|
||Valuation<br>changes||||||||861|
||At 31 July 2021||||||||2,009|
||Carrying<br>amount|||||||||
||At 31 July 2021||||||||2,009|
||At 31 July 2020||||||||1,148|
|12|Financial<br>instruments|||||||2021|2020|
|||||||||F|F|
||Carrying<br>amount|offinancial|||assets|||||
||Debt instruments|measured||at|amortised|cost||190,949|184,603|
||Equity instruments|measured||at cost less|||impairment|2,009|1,148|
||Instruments<br>measured||at fair value through||||profit or loss|588,744|699,040|
||Carrying<br>amount|offinancial|||liabilities|||||
||Measured<br>at amortised||cost|||||104,449|165,083|
|13|Stocks|||||||||
|||||||||2021|2020|
|||||||||F|F|
||Training<br>materials|||||||3,500|3,500|
|14|Debtors|||||||||
|||||||||2021|2020|
||Amounts<br>falling|due|within|one year:||||F||
||Trade debtors|||||||175,700|184,603|
||Other debtors|||||||15,249||
||Prepayments<br>and|accrued income||||||55,046|53,625|
|||||||||245,995|238,228|





## 

|Current|asset|i|nvest|ments|||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2021|2020|
||||||||||F|F|
|Amounts|held|in|fixed|term|deposit|accounts|and|bonds|588,744|699,040|



## 

|Creditors: amounts<br>falling due within one year||||
|---|---|---|---|
|||2021|2020|
||Notes|F||
|Other taxation and social security||38,920|31,272|
|Deferred income|17|21,643||
|Trade creditors||49,927|39,668|
|Other creditors||8,773|26,454|
|Accruals||45,749|98,961|
|||165,012|196,355|



## 

|||2021|2020|
|---|---|---|---|
|||F|F|
|At 1 August 2020||||
|Amount<br>deferred|in the year|21,643||
|At 31 July 2021||21,643||





## 

## 

|||||Movement<br>in funds|Movement<br>in funds|||
|---|---|---|---|---|---|---|---|
||Balance at|Resources|Balance at|Incoming|Resources|Transfers|Balance at|
||1August 2019|expended|1August 2020|resources|expended||31July 2021|
|RTA||||||||
|Restructuring<br>Grant|213,331|(10,667)|202,664||(10,667)||191,997|
|GMCA Capital<br>Grant||||40,000|(11,443)|(386)|28,171|
|RBA-||||||||
|Engineering||||21,788|(33,262)||(11,474)|
|RBA-||||||||
|Administration||||21,187|(27,457)||(6,270)|
||213,331|(10,667)|202,664|82,975|(82,829)|(386)|202,424|





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## 

||||||||||
|---|---|---|---|---|---|---|---|---|
|27|Cash generated<br>from||operations||||2021|2020|
||Surplus for|the year|||||52,069|16,188|
||Adjustments|for:|||||||
||Investment|income recognised<br>in statement|||offinancial|activities|(2,940)|(7,571)|
||(Gain)/loss|on disposal|of investments||||(861)|620|
||Depreciation|and impairment<br>oftangible||fixed assets|||101,770|101,805|
||Movements|in working|capital:||||||
||(Increase)/decrease<br>in||debtors||||(7,767)|95,627|
||(Decrease)|in creditors|||||(52,986)|(10,551)|
||Increase<br>in|deferred<br>income|||||21,643||
||Cash generated<br>from||operations||||110,928|196,118|
|28|Analysis ofchanges||in net funds||||||
||The charity|had no debt during the year.|||||||