2021-07-31-accounts - The Oldham Engineering Group Training Association Limited

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(including income and e	xpend	iture accou	nt): YEAR	ENDED 31JUL	Y 2021
				Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
			Note	2021 f	2021 f	2021 f	2020 f
Income and e dowments	from:
Raising funds:
Other trading activities:
Commercial trading operations
Other income and donations				30,611		30,611	27,668
Investment Income				550		550	10
				31,161		31,161	27,678
Charitable activities:
Training fees			5	567,773		567,773	665,265
Total income and endowments				59&,934		598,934	692,943
Ex endt on:
Raising funds:
Commercial trading operations
Charitabie activities:
Training and governance	costs			540,515		540,515	694,643
Total expenditure			6	540,515		540,515	694,643
Net income/(expenditure)				5&,419		58,419	(1,700)
Other recognised galnsi(losses)
Gain on revaluation offreehold		property
Net movement in funds				58,419		58,419	1,700)
Reconciliation offunds
Total funds brought forward				848,922		848,922	850,622
Total funds carried forward			20	907,340		907,340	848,922

			Note	2021	2020
					g
FIXEDASSETS
Tangible assets			11	612,346	634,503
Investment in subsidiary	company		12	2	2
				612,348	634,505
CURRENT ASSETS
Debtors and prepayments			13	101,993	94,162
Cash at bank and in hand				253,178	215,884
				355,172	310,046
CREDITORS:
Amounts falling due within		one year	14	(60,179)	(84,149)
NET CURRENT ASSETS (LIABILITIES)				294,992	225,897
CREDITORS:
Amounts falling due over	one year		15		11,481
NET ASSETS			20	907,340	848,921
FUNDS
Unrestricted funds:
Designated			19	434,058	440,446
General			19	473,282	408,475
TOTAL FUNDS			19	907,340	848,921

			2021	2020
CASH USED IN OPERATING ACTIVITiES			45,461	28,679
CASH FLOWS FROM INVESTING ACTIVITIES
Interest income			550	10
Purchase oftangible fixed assets			(6,960)	(17,143)
Proceeds from sale oftangible fixed assets			12,830
CASH PROVIDED BY(USED IN) INVESTING ACTIVITIES			6,419	17,133
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment ofborrowing			(14,586)
CASH USED IN FINANCING ACTIVITIES			'l4,586
Increase/(decrease) in cash and cash equivalents		in the year	37,294	8,746
Cash and cash equivalents at the beginning	ofthe	year	215884	207 138
TOTAL CASH AND CASH EQUIVALENTS	AT THE END		253,178	215884
OF THE YEAR

2	Commercial tradln	o erations	o erations	o erations
	The charity does not	carry out any fund raising activities or receive income			from any
	commercial trading operations,
				Total	Total
				2021	2020
				E	g
3	Other Income and donations
	Members levies			1,125	1,525
	Income from subsidiary company			29,486	19,486
	Government grants			30,611	6,657 27,668
4	Investment Income
	Bank deposit interest			550	10
				550	10
5	Incomn resp rces from c arltableac			ivities
	Training fees receivabie:
	Government training	fees		543,772	615,912
	less college training	and registration	fees	20800 522,972	22 712 593,200
	Other training fees			44,801	72,065
				567,773	665,265

					E) OQ	Total	Total
						2021	2020
						g	g
Costs directly	allocated	to activities
Department:
Business Administration		&Warehousing	Training	11,954		1'i,954	20,424
Engineering Training Marketing and Courses				209,399 45,999		209,399 45,999	263,166 52,193
				267,352		267,352	335,783
Support costs
Administration, Accounts, Premises Costs Non-attributable VAT		and Management		174,017 46,349 19,403	33,394	207,411 46,349 19,403	289,668 49,057 20,135
				239,768	33394	273 163	358,860
Total expenditure				507,121	33,394	540,515	694,643

					Total	Total
					2021	2020
7	Staffcosts				F	g
	Total staff emoluments		for the year were as follows:
	Salaries National Insurance Pension and life assurance				337,480 34,734 12,025 384,239	456,027 40,875 13,143 510,045
	Less recharged	to OTC Consultancy		Limited	(35,294)	(35,294)
					348,945	474,751

8	Staff nltSbers The average monthly head count was 13 full-time equivalent employees (including	Staff nltSbers The average monthly head count was 13 full-time equivalent employees (including	Staff nltSbers The average monthly head count was 13 full-time equivalent employees (including	Staff nltSbers The average monthly head count was 13 full-time equivalent employees (including	staff (2020:21 staff) and the average part-time staff) during the year were	staff (2020:21 staff) and the average part-time staff) during the year were	monthly number of as follows:
							2021 2020
							Number Number
	Charitable activities						12 20
	Governance						1 1 13 21

Net movement In funds
Net movement in funds is arrived at after charging Depreciation oftangible fixed assets Loss (Profit) on disposal offixed assets	/(crediting):	19,746 (3,459)	22,687
Gain on revaluation offreehold property
Auditors' remuneration:
audit ofcharitable company		6,650	6,325
non-audit

	Freehold	Plant
	Land and	llllachlnery &	Motor
	Buildings	Equipment	Vehicles	Total
Cost/valuation
At 1 August 2020 Additions Disposals At 31July 2021	600,000 600,000	223,698 6,960 230658	23,785 23785	847,483 6,960 23,785) 830658
~D 4
At1 August2020 Charge for the period Disposals At 31 July 2021	8,330 8,330 16660	191,722 9,930 201652	12,927 1,487 14,414 0	212,980 t9,746 14,414) 218312
~tB* at *
At 31 July 2021	583,340	29006		612,346
At 31 July 2020	591670	31976	10,857	634503

	Motor
	Vehicles
Co valua lo
At 1 August 2020 Additions Disposais At 31 July 2021	23,785 ~23,785
~e~etlon
At 1 August 2020 Charge for the period Disposals At 31 July 2021	12,927 1,487 ~74 444
~ME8 kk
At 31July 2021
At 31 July 2020	ta 857

13	Debtors and re a ments
	Trade debtors				63,256	72,174
	Amount due from subsidiary undertaking Prepayments and accrued income				27,043 11,694	12,096 9,893
					101,993	94 162
14	Creditors: ountsfa Iln	due wl in one	e	r
	Trade creditors				17,494	17,495
	Taxation and social security Hire purchase Other creditors and accruals Deferred income	costs			5,962 23,474 13,249	4,835 3,105 35,795 22,919
					60 179	84,149
15	Creditors: amounts fall	ue over one	ear
	Hire purchase					11,481
						1 i,481
16	Leasi a reements
	Minimum lease payments fall due as follows:
					Hire purchase
	Net obligations repayable: Within one year Between one and five years					3,105 11,481 14586

Anal sis of net assets	betwe	e	n f	und
					General		Designated	Restricted	Total
						Funds	Funds	Funds	Funds
						E			E
Tangible fixed assets						178,288	434,058		612,346
Investment in subsidiary	company					2			2
Current assets						355,172			355,172
Current liabilities						(60,179)			(60,179)
Long Term liabilities Net assets 31July 2021						0 473,282	434,058		0 907,340
econclliatfon of ne	movement			ln f nds	to net	cash flow	from o eratin	activltle~
								2021	2020
									6
Net movement in funds								58,419	(1,700)
Add back depreciation	charge							19,746	22,687
Gain on disposal oftangible assets								(3,459)
Gain on revaluation of	freehold		property
Deduct interest income	shown		in Investing		activities			(550)	(10)
Decrease/(increase) in	stock
Decrease/(increase) in	debtors							(7,831)	22,654
Increase/(decrease) in	creditors							20,865	14,953
Net cash used In operating		actlvNes						45,461	28,679