## ## ## |Report ofthe Trustees|/ Directors|3-7| |---|---|---| |Report ofthe Auditors||| |Statement
of Financial|Activities|10| |Balance Sheet||| |Cash Flow Statement||| |Notes to the Financial|Statements|13-21| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |(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| ## ## ||||Nate|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| ##