2020-07-31-accounts

Report ofthe Trustees	/ Directors	3-7
Report ofthe Auditors
Statement of Financial	Activities
Balance Sheet
Cash Flow Statement
Notes to the Financial	Statements	'!3-21

Reference and Administrative	Reference and Administrative	Reference and Administrative	Information
Charit	number:			526145
Com	an	number:		979949
Chief	Executive:			N Eglin
~Princi	al oflice:			Lees Road, Oldham, OL4 1JP
Auditors:				Champion Accountants LLP.
				2nd Floor Refuge House, 33-37Watergate		Row, Chester. CH1 2LE
Bankers:				Barclays Bank	PLC, Oldham
Trustees:				Mr D Farrington	(Chairman)
				Mrs A Lees (Vice Chair)
				Mr D Bernard (Resigned 10.03.20)
				Mrs C Duggan
				Mrs SGreaves	(Appointed 09.07.20)
				Mr D Kinghorn	(Appointed 01,10,19)
				Mr J Robinson

OLDMAM ENGINEERING GR	OLDMAM ENGINEERING GR	OLDMAM ENGINEERING GR	OUP TRAINING A	OUP TRAINING A	SSOCIA	TION LIIIITE	D
STATEMENT OF FINANCIAL			ACTIVITIES
(including income and	expenditure			account):	YEAR	ENDED 31JULY 2020
						Unrestricted	Restricted	Total	Total
						Funds	Funds	Funds	Funds
					Note	2020	2020	2020	2019
							E	F	K
Income and endowments		from:
Raising funds:
Other trading activities:
Commercial trading operations
Other income and donations						27,668		27,668	1!,099
Investment income								10	371
						27,678		27,678	11,470
Charitable activi ties:
Training fees						665,265		665,265	620,008
Total income and endowments						692,943		692,943	631,478
Ex enditure on:
Raising funds:
Commercial trading operations
Charitable activities:
Training and governance	casts					694,643		694,643	668,308
Total expenditure						694,643		694,643	668,308
Net income/(expenditure)						(1,700)		(1,700)	(36,829)
Other recognised gains/(losses)
Gain on revaluation offreehold			property						176,926
Net movement in funds						(1,700)		(1,700)	140,096
Reconciliation offunds
Total funds brought forward						850,621		850,621	710,525
Total funds carried forward					20	848,921		848,921	850,621

			Note	2018	2019
FIXEDASSETS
Tangible assets			ff	634,503	640,047
Investment in subsidiary		company	12	2	2
				634,505	640,049
CURRENT ASSETS
Debtors and prepayments				94,162	116,817
Cash at bank and	in hand			215,884	207, '!38
				310,046	323,955
CREDITORS:
Amounts falling due within one year				(84,149)	(99,102)
NET CURRENT ASSETS (LIAEIILITIES)				225,897	224,853
CREDITORS:
Amounts falling due over		one year		11,481	14,281
NET ASSETS			20	&48,921	850,621
FUNDS
Unrestricted funds:
Designated			f9	440,446	446,833
General			79	408,475	403,788
TOTAL FUNDS			79	84&,921	850,621

			Note	2020	2019
					g
CASH USED IN OPERATING ACTIVITIES				28,679	27,131
CASH FLOWS FROM INVESTING ACTIVITIES
Interest income				10	371
Purchase oftangible fixed assets				(17,143)	(8,206)
Proceeds from sale oftangible fixed assets
CASH PROVIDED BY(USED IN) INVESTING ACTIVITIES				(17,133)	(6,885)
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of borrowing				(2,800)	(3,104)
CASH USED IN FINANCING ACTIVITIES				(2,800)	(3,104)
Increase/(decrease) in cash and cash equivalents		in the year		8,746	17,142
Cash and cash equivalents at the beginning	ofthe	year		207,138	189,996
TOTAL CASH AND CASH EQUIVALENTS	AT THE END			2'I5,884	207„138
OF THE YEAR

				Total	Total
				2020	2019
					g
3	Other income and donations
	Members levies			1,525	3,6'I 3
	income from	subsidiary	company	19,486	7,486
	Government	grants		6,657 27,668	11,099
4	Investment	income
	Bank deposit	interest		10	371
				10	371

5	Incomin resources	from charitable	from charitable	activities
	Training fees receivabie:
	Government training	fees			615,912	597,820
	less college training	and registration	fees		(22,712)	(19,929)
					593,200	577,891
	Other training fees				72,065	42,118
					665,265	620,008

			IIII
			b
			s3 ill I ill C3	COaC ill I—	C III lll O(3	Total	Total
						2020	2019
						L'	L
Costs directly ailocafed fo activities
Department:
Business Administration Engineering Training Marketing and Courses	K Warehousing	Training		20,424 263,166 52,193		20,424 263,166 52,193	20,253 262,960 50,947
				335,783		335,783	334, 'i 61
Support costs
Administration, Accounts, Premises Costs Non-attributable VAT	and Management			257,523 49,057 20,135	32,145	289,668 49,057 20,135	269,347 45,645 19,155
				326,715	32,145	358,860	334,147
Total expenditure				662,498	32,145	694,643	668,308

OT	ES TO T	HE FINA	NCIAL	STATEME	NTS: YEAR ENDED 31 JU	LY 2020
						Total	Total
						2020	2019
7	Staff costs					F
	Total staff emoluments			for the year were as follows:
	Salaries					456,027	423,756
	National	Insurance				40,875	33,039
	Pension	and life	assurance			'I3,143	11,903
						510,045	468,698
	Less recharged		to OTC Consultancy		Limited	(35,294)	(35,294)
						474,75'!	433,404

full-time eq	uivalent employees (including part-time	staff) during the year were as follows:
		2020	2019
		Number	Number
Charitable	activities	20	20
Governance		1
		21

9	Net movement in funds
	Net movement in funds	is arrived at after charging	l(crediting):
	Depreciation oftangible	fixed assets		22,687	22,927
	Loss (Profit) on disposal	offixed assets			(950)
	Gain on revaluation offreehold property				(176,926)
	Auditors' remuneration:
	audit of charitable company			6,000	6,000
	non-audit

11	Tan ible fixed assets
		Freehold	Plant
		Land and	Machinery &	Motor
		Buildings	Equipment	Vehicles	Total
	Cost/valuation
	At 1 August 2019 Additions At 31 July 2020	600,000 600,000	206,555 17,143 223,698	23,785 23,785	830,340 17,143 847,483
	~oe reciation
	At 1 August 2019 Charge for the period At 31 July 2020	8,330 8,330	183,312 8,411 191,722	6,981 5,946 12,927	190,293 22,687 212,980
	Net Book Value
	At 31 July 2020	591,670	31,976	10,857	634,503
	At 31 July 2019	600,000	23,243	16,804	640,047

Fixed assets, included in the above, which are held under	hire purchase contracts are as follows:
	Motor
	Vehicles
Cost/valuation
At 1 August 2019	23,785
Additions
Disposals
At 31 July 2020	23,785
~tte reciation
At 1 August 2019	6,981
Charge for the period	5,946
Disposals
At 31 July 2020	12,927
Net Book Value
At 31 July 2020	10,857
At 31 July 2019	16,804

2020	2019
F	f

13	Debtors and re a	ments
	Trade debtors				72,174	74,959
	Amount due from subsidiary		undertaking		12,096	30,362
	Prepayments and accrued income				9,893	11,496
					94,162	1'!6,817
14	Creditors: amounts	fallin	due within one	ear
	Trade creditors				17,495	9,591
	Taxation and social	security	costs		4,835	11,434
	Hire purchase				3,105	3,105
	Other creditors and accruals				35,795	42,925
	Deferred income				22,919	32,047
					84,149	99,102
15	Creditors: amounts	fallin	due over one	ear
	Hire purchase				11,481	14,281
					11,481	14,281

Net obligations	repayable:
Within one year
Between one and five years

Hire purchase	Hire purchase
3,105	3,105
11,481	14,281
14,586	17,386

Anal si	s o	f net assets	between funds
				General	Designated	Restricted	Total
				Funds	Funds	Funds	Funds
				F		f	f.
Tangibie	fixed assets			194,057	440,446		634,503
Investment		in subsidiary	company	2			2
Current	assets			310,046			310,046
Current	liabilities			(84, '!49)			(84,149)
Long Term		liabilities		(11,481)			(11,481)
Net assets		31 July 2020		408,475	440,446		848,921

				2020	2019
Net movement in funds				(1,700)	140,096
Add back depreciation	charge			22,687	22,927
Gain on disposal oftangible assets					(950)
Gain on revaluation of	freehold	property			(176,926)
Deduct interest income	shown	in investing	activities	(10)	(371)
Decrease/(increase) in	stock
Decrease/(increase) in	debtors			22,654	30,327
Increase/(decrease) in	creditors			('l4,953)	12,028
Net cash used in operating activities				28,679	27,131